Common use of Corporate Due Diligence Clause in Contracts

Corporate Due Diligence. (a) Certificates of corporate good standing for each Borrower, respectively issued by the Secretary of State for the state in which that Borrower is incorporated. (b) Certificates of due qualification, in good standing, issued by the Secretary(ies) of State of each State in which the nature a Borrower's business conducted or assets owned could require such qualification. (c) Certificates of each Borrower's Secretaries 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

Sources: Loan and Security Agreement (Drugmax Inc), Loan and Security Agreement (Childrens Place Retail Stores Inc)

Corporate Due Diligence. (ai) Certificates of corporate good standing for each Borrower, respectively issued by the Secretary of State for the state in which that Borrower is incorporated. (bii) Certificates of due qualification, in good standing, issued by the Secretary(ies) of State of each State in which the nature a Borrower's business conducted or assets owned could require such qualification. (ciii) Certificates of each Borrower's Secretaries 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

Sources: Loan Agreement (Natural Wonders Inc)

Corporate Due Diligence. (a) Certificates of corporate good standing for each Borrower, respectively issued by the Secretary of State for the state in which that Borrower is incorporated. (b) Certificates of due qualification, in good standing, issued by the Secretary(ies) of State of each State in which the nature a Borrower's business conducted or assets owned could require such qualification. (c) Certificates of each Borrower's Secretaries 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

Sources: Loan and Security Agreement (Homebase Inc)

Corporate Due Diligence. (a) Certificates of corporate good standing for each Borrower, respectively issued by the Secretary of State for the state in which that Borrower is incorporatedorganized. (b) Certificates of due qualification, in good standing, issued by the Secretary(ies) of State of each State in which the nature a Borrower's business conducted or assets owned could require requires such qualification. (c) Certificates of each Borrower's Secretaries Borrower of the due adoption, continued effectiveness, and setting forth the texts of, each corporate or limited liability company 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

Sources: Loan Agreement (Lojack Corp)

Corporate Due Diligence. (a) Certificates of corporate good standing for each Borrower, respectively issued by the Secretary of State for the state in which that Borrower is incorporated. (b) Certificates of due qualification, in good standing, issued by the Secretary(ies) of State of each State in which the nature a Borrower's business conducted or assets owned could reasonably be expected to require such qualification. (c) Certificates of each Borrower's Secretaries 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

Sources: Loan and Security Agreement (Alloy Inc)

Corporate Due Diligence. (a) Certificates of corporate good standing for each Borrower, respectively issued by the Secretary respective Secretaries of State States for the state in which that Borrower States under whose laws each of the Borrowers is incorporatedorganized. (b) Certificates of due qualification, in good standing, issued by the Secretary(ies) Secretaries of State of each State in which the nature of a Borrower's business conducted or assets owned could require such qualification. (c) Certificates of each Borrower's the Borrowers' respective Secretaries 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

Sources: Loan and Security Agreement (Homebase Inc)

Corporate Due Diligence. (a) Certificates of corporate good standing for each Borrower, respectively Borrower issued by the Secretary of State for the state in which that each Borrower is incorporated. (b) Certificates of due qualification, in good standing, issued by the Secretary(ies) of State of each State state in which the nature a of each Borrower's ’s business conducted or assets owned could would require such qualification. (c) Certificates A Certificate of each Borrower's Secretaries ’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

Sources: Loan and Security Agreement (Dreams Inc)

Corporate Due Diligence. (a) Certificates of corporate good standing for each Borrower, respectively A Certificate issued by the Secretary of State for of New York stating that the state in which that Borrower is incorporateda subsisting corporation. (b) Certificates of due qualification, in good standing, issued by the Secretary(ies) of State of each State in which the nature a of the Borrower's business conducted or assets owned could require such qualification. (c) Certificates A Certificate of each the Borrower's Secretaries of 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

Sources: Loan and Security Agreement (Harvey Electronics Inc)