Corporate Existence and Business. Borrower is a corporation duly organized and validly existing in good standing under the laws of its jurisdiction of incorporation and is duly qualified to do business and is in good standing in each jurisdiction in which such qualification is necessary to execute, deliver and perform this Agreement and each other Credit Facility Document to which it is or is to become a party.
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Samples: Assignment and Assumption (Tampa Electric Co), Credit Agreement (Tampa Electric Co), Assignment and Assumption (Tampa Electric Co)
Corporate Existence and Business. Borrower is a corporation duly organized and validly existing in good standing under the laws of its jurisdiction of incorporation and is duly qualified to do business and is in good standing in each jurisdiction in which such qualification is necessary to execute, deliver and perform this Agreement and each other Credit Facility Document to which it is or is to become a partyLoan Document.
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Samples: Loan Agreement (Teco Energy Inc)
Corporate Existence and Business. Borrower is (a) a corporation duly organized and organized, validly existing and in good standing under the laws Laws of its jurisdiction of incorporation and incorporation; (b) is duly qualified to do transact business as a foreign corporation in each other jurisdiction where the nature or extent of its business and is in good standing in each jurisdiction in which such qualification is necessary properties require the same; and (c) possesses all requisite authority, power, licenses, permits and franchises to execute, deliver and perform this Agreement and each other Credit Facility Document to which it is or is to become a partyconduct its business as presently conducted.
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