Common use of Corporate Existence and Authority Clause in Contracts

Corporate Existence and Authority. The 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 Borrower is and will continue to be qualified and licensed to do business in all jurisdictions in which any failure to do so would have a material adverse effect on the Borrower. The execution, delivery and performance by the Borrower of this Agreement, and all other documents contemplated hereby have been duly and validly authorized, are enforceable against the Borrower in accordance with their terms, 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 the Borrower.

Appears in 6 contracts

Samples: Loan and Security Agreement (Emulex Corp /De/), Loan and Security Agreement (Broadcom Corp), Loan Agreement (Natural Gas Vehicle Systems Inc)

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Corporate Existence and Authority. The 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 Borrower is and will continue to be qualified and licensed to do business in all jurisdictions in which any failure to do so would have a material adverse effect on the Borrower. The execution, delivery and performance by the Borrower of this Agreement, and all other documents contemplated hereby have been duly and validly authorized, are enforceable against the Borrower in accordance with their terms, 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 the Borrower. Borrower has no subsidiaries except as set forth on the Schedule.

Appears in 2 contracts

Samples: Loan and Security Agreement (Truevision Inc), Loan and Security Agreement (Netvantage Inc)

Corporate Existence and Authority. The 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 Borrower is and will continue to be qualified and licensed to do business in all jurisdictions in which any failure to do so would have a material adverse effect on the Borrower. The execution, delivery and performance by the Borrower of this Agreement, and all other documents contemplated hereby have been duly and validly authorized, are enforceable against the Borrower in accordance with their terms, and do not violate any law or any provision of, and are not grounds for acceleration under, under any agreement or instrument which is binding upon the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Natural Gas Vehicle Systems Inc)

Corporate Existence and Authority. The 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 Borrower is and will continue to be qualified and licensed to do business in all jurisdictions in which any failure to do so would have a material adverse effect on the Borrower. The execution, delivery and performance by the Borrower of this Agreement, and all other documents contemplated hereby have been duly and validly authorized, are enforceable against the Borrower in accordance with their terms, 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 the Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Vitalcom Inc)

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Corporate Existence and Authority. The 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 Borrower is and will continue to be qualified and licensed to do business in all jurisdictions in which any failure to do so would have a material adverse effect on the Borrower. The execution, delivery and performance by the Borrower of this Agreement, and all other documents contemplated hereby have been duly and validly authorized, are enforceable against the Borrower in accordance with their terms, 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 the Borrower.Borrower **. Borrower has no subsidiaries except as set forth on the Schedule. * MATERIAL ** OR ANY AGREEMENT THE VIOLATION OF WHICH MAY HAVE A MATERIAL ADVERSE EFFECT ON THE BORROWER

Appears in 1 contract

Samples: Loan and Security Agreement (Vision Solutions Inc)

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