Common use of Corporate Due Diligence Clause in Contracts

Corporate Due Diligence. (a) A Certificate of corporate good standing issued by the Secretary of State of each State in which a Loan Party is organized. (b) Certificates of due qualification, in good standing, issued by the Secretary(ies) of State of each State in which the nature of a Loan Party’s business conducted or assets owned would reasonably be expected to require such qualification. (c) A Certificate of each Loan Party’s Secretary of the due adoption, continued effectiveness, and setting forth the texts of, each corporate resolution adopted in connection with the establishment of the loan arrangement contemplated by the Loan Documents and attesting to the true signatures of each Person authorized as a signatory to any of the Loan Documents.

Appears in 2 contracts

Samples: Loan and Security Agreement (Aeropostale Inc), Loan and Security Agreement (Aeropostale Inc)

AutoNDA by SimpleDocs

Corporate Due Diligence. (a) A Certificate of corporate good standing issued by the Secretary of State of each State in which a Loan Party is organizedIncorporation of the Borrower. (b) Certificates of due qualification, in good standing, issued by the Secretary(ies) of State of each State in which the nature of a Loan Party’s the Borrower's business conducted or assets owned would reasonably be expected to could require such qualification. (c) A Certificate of each Loan Party’s Secretary of the Borrower's secretary or clerk attesting to the due adoption, continued effectiveness, and setting forth the texts of, each corporate resolution adopted in connection with the establishment of the loan arrangement contemplated by the Loan Documents and attesting to the true signatures of each Person authorized as a signatory to any of the Loan Documents.

Appears in 2 contracts

Samples: Loan and Security Agreement (Great Train Store Co), Loan and Security Agreement (Sunbelt Nursery Group Inc)

Corporate Due Diligence. (a) A Certificate of corporate good standing issued by the Secretary of State of each State in which a Loan Party is organizedIncorporation of the Borrower. (b) Certificates of due qualification, in good standing, issued by the Secretary(ies) of State of each State in which the nature of a Loan Party’s the Borrower's business conducted or assets owned would reasonably be expected to could require such qualification. (c) A Certificate of each Loan Party’s Secretary of the Borrower's secretary or clerk attesting to the due adoption, continued effectiveness, and setting forth the texts of, of each corporate resolution adopted in connection with the establishment of the loan arrangement contemplated by the Loan Documents and attesting to the true signatures of each Person authorized as a signatory to any of the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Sunbelt Nursery Group Inc)

Corporate Due Diligence. (a) A Certificate of corporate good standing with respect to each Borrower issued by the Secretary of State of the State in which that Borrower was organized. (b) Certificates of qualification to do business as a foreign corporation for any Borrowers issued by the Secretary of State of each State in which a Loan Party is organized. (b) Certificates such Borrower's conduct of due qualification, in good standing, issued by the Secretary(ies) business or ownership of State of each State in which the nature of a Loan Party’s business conducted or assets owned would reasonably be expected to require requires such qualification. (c) A Certificate certificate of each Loan Party’s Borrower's respective Secretary of as to the due adoption, adoption and continued effectiveness, and setting forth the texts effectiveness of, each corporate resolution adopted in connection with the establishment of the loan arrangement contemplated by the Loan Documents and attesting to the true signatures of each Person authorized as a signatory to any of the Loan Documents, such certificate to set forth the text of each such resolution in an attachment thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Lechters Inc)

Corporate Due Diligence. (a) A Certificate Certificates of corporate good standing or full force and effect, as applicable, for each Loan Party, respectively issued by the Secretary of State of each State for the state in which a that Loan Party is organizedincorporated. (b) Certificates of due qualification, in good standing, issued by the Secretary(ies) of State of each State in which for each Loan Party reasonably required by the nature of a Loan Party’s business conducted or assets owned would reasonably be expected to require such qualificationAdministrative Agent. (c) A Certificate Certificates of each Loan Party’s Secretary of the due adoption, continued effectiveness, and setting forth the texts of, each corporate resolution adopted in connection with the establishment of the loan arrangement contemplated by the Loan Documents and attesting to the true signatures of each Person authorized as a signatory to any of the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Retail Ventures Inc)

AutoNDA by SimpleDocs

Corporate Due Diligence. (a) A Certificate certificate of corporate good standing issued by the Secretary of State of each State in which a Loan Party is organizedIncorporation of the Borrower. (b) Certificates of due qualification, in good standing, issued by the Secretary(ies) of State of each State in which the nature of a Loan Party’s the Borrower's business conducted or assets owned would reasonably be expected to could require such qualification. (c) A Certificate certificate of each Loan Party’s Secretary of the Borrower's secretary or clerk attesting to the due adoption, continued effectiveness, and setting forth the texts of, each corporate resolution adopted in connection with the establishment of the loan arrangement contemplated by the Loan Documents and attesting to the true signatures of each Person authorized as a signatory to any of the Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Crown Books Corp)

Corporate Due Diligence. (a) A Certificate of corporate good standing with respect to each Borrower issued by the Secretary of State of the State in which that Borrower was organized. (b) Certificates of qualification to do business as a foreign corporation for any Borrowers issued by the Secretary of State of each State in which a Loan Party is organized. (b) Certificates such Borrower's conduct of due qualification, in good standing, issued by the Secretary(ies) business or ownership of State of each State in which the nature of a Loan Party’s business conducted or assets owned would reasonably be expected to require requires such qualification. (c) A Certificate certificate of each Loan Party’s Borrower's respective Secretary of as to the due adoption, adoption and continued effectiveness, and setting forth the texts effectiveness of, each corporate resolution adopted in connection with the establishment of the loan arrangement contemplated by the Loan Documents and attesting to the true signatures of each Person authorized as a signatory to any of the Loan Documents, such certificate to set forth the text of each such resolution in an attachment thereto. 3.2.

Appears in 1 contract

Samples: Loan and Security Agreement (Lechters Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!