Common use of Corporate Existence and Authority Clause in Contracts

Corporate Existence and Authority. Borrower, if a corporation, is and will continue to be, duly authorized, validly existing and in good standing under the laws of the jurisdiction of its incorporation. The execution, delivery and performance by Borrower of this Agreement, and all other documents contemplated hereby have been duly and validly authorized, and do not violate any law or any provision of, and are not grounds for acceleration under, any agreement or instrument which is binding upon Borrower.

Appears in 12 contracts

Samples: Loan and Security Agreement (Rhythms Net Connections Inc), Loan and Security Agreement (Silknet Software Inc), Loan and Security Agreement (Imagex Com Inc)

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Corporate Existence and Authority. Borrower, if a corporation, is and will continue to be, duly authorized, validly existing and in good standing under the laws of the jurisdiction of its incorporation. The execution, delivery and performance by Borrower of this Agreement, and all other documents contemplated hereby have been duly and validly authorized, and do not violate any law or any provision of, of and are not grounds for acceleration under, any agreement or instrument which is binding upon Borrower.

Appears in 6 contracts

Samples: Loan and Security Agreement (Egain Communications Corp), Loan and Security Agreement (Ebay Inc), Loan and Security Agreement (Digital Impact Inc /De/)

Corporate Existence and Authority. Borrower, if a corporation, is and will continue to be, duly authorized, validly existing and in good standing under the laws of the jurisdiction of its incorporation. incorporation The execution, delivery and performance by Borrower of this Agreement, and all other documents contemplated hereby have been duly and validly authorized, and do not violate any law or any provision of, and are not grounds for acceleration under, any agreement or instrument which is binding upon Borrower.

Appears in 2 contracts

Samples: Quickstart Loan and Security Agreement (Docent Inc), Quickstart Loan and Security Agreement (Docent Inc)

Corporate Existence and Authority. Borrower, if a corporation, corporation is and will continue to be, duly authorized, validly existing and in good standing under the laws of the jurisdiction of its incorporation. The execution, delivery and performance by Borrower of this Agreement, and all other documents contemplated hereby have been duly and validly authorized, and do not violate any law or any provision of, and are not grounds for acceleration accretion under, any agreement or instrument which is binding upon Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Homestead Com Inc)

Corporate Existence and Authority. Borrower, if a corporation, Each of Borrower and Subsidiary is and will continue to be, duly authorizedincorporated, validly existing and in good standing under the laws of the jurisdiction of its incorporation. The execution, delivery and performance by Borrower of this Agreement, and all other documents contemplated hereby have been duly and validly authorized, and do not violate any law or any provision of, and are not grounds for acceleration under, any agreement or instrument which is binding upon Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Gem Solutions, Inc.)

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Corporate Existence and Authority. Borrower, if a corporation, is and will continue to be, duly authorized, validly existing and in good standing under the laws of the jurisdiction of its incorporation. The execution, . delivery and performance by Borrower of this Agreement, and all other documents contemplated hereby have been duly and validly authorized, and do not violate any law or any provision of, of and are not grounds for acceleration under, any agreement or instrument which is binding upon Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Chemdex Corp)

Corporate Existence and Authority. Borrower, if a corporation, is and will continue to be, duly authorized, validly existing and in good standing under the laws of the jurisdiction of its incorporation. The execution, delivery and performance by Borrower of this Agreement, Agreement and all other documents contemplated hereby have been duly and validly authorized, and do not violate any law or any provision of, and are not grounds for acceleration under, any agreement or of instrument which is binding upon Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Sandbox Entertainment Corp)

Corporate Existence and Authority. Borrower, if a corporation, is and will continue to be, duly authorized, authorized validly existing and in good standing under the laws of the jurisdiction of its incorporation. The execution, delivery and performance by Borrower of this Agreement, and all other documents contemplated hereby have been duly and validly authorized, and do not violate any law or any provision of, and are not grounds for acceleration under, any agreement or instrument which is binding upon Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Stamps Com Inc)

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