Common use of Corporate Existence and Power; Name; Chief Executive Office; Inventory and Equipment Locations; Tax Identification Number Clause in Contracts

Corporate Existence and Power; Name; Chief Executive Office; Inventory and Equipment Locations; Tax Identification Number. Each Borrower is a corporation, duly organized, validly existing and in good standing under the laws of the state of its incorporation, and is duly licensed or qualified to transact business in all jurisdictions where the character of the property owned or leased or the nature of the business transacted by it makes such licensing or qualification necessary. Each Borrower has all requisite power and authority, corporate or otherwise, to conduct its business, to own its properties and to execute and deliver, and to perform all of its obligations under, the Loan Documents. During its existence, each Borrower has done business solely under the names set forth in Schedule 5.1 hereto. Except as changed in accordance with Section 7.15, each Borrower's chief executive office and principal place of business is located at the address set forth in Schedule 5.1 hereto, and all the records of each Borrower relating to its respective business or the Collateral are kept at that location. Except as changed in accordance with Section 7.15, all Inventory and Equipment is located at that location or at one of the other locations set forth in Schedule 5.1 hereto. Each Borrower's tax identification number is correctly set forth in Section 3.6 hereto.

Appears in 2 contracts

Samples: Credit and Security Agreement, Credit and Security Agreement (Pemco Aviation Group Inc)

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Corporate Existence and Power; Name; Chief Executive Office; Inventory and Equipment Locations; Tax Identification Number. Each Borrower is a corporation, duly organized, validly existing and in good standing under the laws of the state State of its incorporation, Maryland and is duly licensed or qualified to transact business in all jurisdictions where the character of the property owned or leased or the nature of the business transacted by it makes such licensing or qualification necessary. Each The Borrower has all requisite power and authority, corporate or otherwise, to conduct its business, to own its properties and to execute and deliver, and to perform all of its obligations under, the Loan Documents. During its existence, each the Borrower has done business solely under the names set forth in Schedule 5.1 hereto. Except as changed in accordance with Section 7.15, each The Borrower's chief executive office and principal place of business is located at the address set forth in Schedule 5.1 hereto, and all of the Borrower's records of each Borrower relating to its respective business or the Collateral are kept at that location. Except as changed in accordance with Section 7.15, all All Inventory and Equipment is located at that location or at one of the other locations set forth in Schedule 5.1 hereto. Each The Borrower's tax identification number is numbers are correctly set forth in Section 3.6 hereto.

Appears in 2 contracts

Samples: Credit and Security Agreement (PetroHunter Energy Corp), Credit and Security Agreement (PetroHunter Energy Corp)

Corporate Existence and Power; Name; Chief Executive Office; Inventory and Equipment Locations; Tax Identification Number. Each The Borrower is a corporation, duly organized, validly existing and in good standing under the laws of the state State of its incorporation, Delaware and is duly licensed or qualified to transact business in Colorado and all other jurisdictions where the character of the property owned or leased or the nature of the business transacted by it makes such licensing or qualification necessary. Each The Borrower has all requisite power and authority, corporate or otherwise, to conduct its business, to own its properties and to execute and deliver, and to perform all of its obligations under, the Loan Documents. During its existence, each the Borrower has done business solely under the names set forth in Schedule 5.1 heretohereto and such other names as the Borrower shall notify the Lender in writing not less than 30 days prior to the use of such names. Except as changed in accordance with Section 7.15, each The Borrower's chief executive office and principal place of business is located at the address set forth in Schedule 5.1 hereto, and all of the Borrower's records of each Borrower relating to its respective business or the Collateral are kept at that location. Except as changed in accordance with Section 7.15, all All Inventory and Equipment is located at that location or at one of the other locations set forth in Schedule 5.1 hereto, or at such other locations as the Borrower shall notify the Lender in writing not less than 30 days prior to the use of such other locations. Each The Borrower's tax identification number is correctly set forth in Section 3.6 hereto.

Appears in 1 contract

Samples: Credit and Security Agreement (Chaparral Network Storage Inc)

Corporate Existence and Power; Name; Chief Executive Office; Inventory and Equipment Locations; Tax Identification Number. Each The Borrower is a corporation, duly organized, validly existing and in good standing under the laws of the state State of its incorporation, Massachusetts and is duly licensed or qualified to transact business in all jurisdictions where the character of the property owned or leased or the nature of the business transacted by it makes such licensing or qualification necessary. Each The Borrower has all requisite power and authority, corporate or otherwise, to conduct its business, to own its properties and to execute and deliver, and to perform all of its obligations under, the Loan Documents. During its existence, each the Borrower has done business solely under the names set forth in Schedule 5.1 hereto. Except as changed in accordance with Section 7.15, each The Borrower's chief executive office and principal place of business is located at the address set forth in Schedule 5.1 hereto, and all of the Borrower's records of each Borrower relating to its respective business or the Collateral are kept at that location. Except as changed in accordance with Section 7.15, all All Inventory and Equipment is located at that location or at one of the other locations set forth in Schedule 5.1 hereto. Each The Borrower's tax identification number is correctly set forth in Section 3.6 3.7 hereto.

Appears in 1 contract

Samples: Credit and Security Agreement (Stocker & Yale Inc)

Corporate Existence and Power; Name; Chief Executive Office; Inventory and Equipment Locations; Tax Identification Number. Each The Borrower is a corporation, duly organized, validly existing and in good standing under the laws of the state State of its incorporation, Colorado and is duly licensed or qualified to transact business in all jurisdictions where the character of the property owned or leased or the nature of the business transacted by it makes such licensing or qualification necessary. Each The Borrower has all requisite power and authority, corporate or otherwise, to conduct its business, to own its properties and to execute and deliver, and to perform all of its obligations under, the Loan Documents. During its existence, each the Borrower has done business solely under the names set forth in Schedule 5.1 hereto. Except as changed in accordance with Section 7.15, each The Borrower's chief executive office and principal place of business is located at the address set forth in Schedule 5.1 hereto, and all of the Borrower's records of each Borrower relating to its respective business or the Collateral are kept at that location. Except as changed in accordance with Section 7.15, all All Inventory and Equipment is located at that location or at one of the other locations set forth in Schedule 5.1 hereto. Each The Borrower's tax identification number is correctly set forth in Section 3.6 hereto.

Appears in 1 contract

Samples: Credit and Security Agreement (Marquest Medical Products Inc)

Corporate Existence and Power; Name; Chief Executive Office; Inventory and Equipment Locations; Tax Identification Number. Each The Borrower is a corporationcorporation , duly organized, validly existing and in good standing under the laws of the state State of its incorporation, Minnesota and is duly licensed or qualified to transact business in all jurisdictions where the character of the property owned or leased or the nature of the business transacted by it makes such licensing or qualification necessary. Each No dissolution or termination of the Borrower has occurred, and no notice of dissolution or articles of termination have been filed with respect to the Borrower. The Borrower has all requisite power and authority, corporate or otherwise, to conduct its business, to own its properties and to execute and deliver, and to perform all of its obligations under, the Loan Documents. During its existencethe five years prior to the Closing Date, each the Borrower has done business solely under the names set forth in Schedule 5.1 hereto. Except as changed in accordance with Section 7.15, each The Borrower's chief executive office and principal place of business is located at the address set forth in Schedule 5.1 hereto, and all of the Borrower's records of each Borrower relating to its respective business or the Collateral are kept at that location. Except as changed in accordance with Section 7.15, all All Inventory and Equipment is located at that location or at one of the other locations set forth in Schedule 5.1 hereto. Each The Borrower's tax identification number is correctly set forth in Section 3.6 hereto.

Appears in 1 contract

Samples: Credit and Security Agreement (Micro Component Technology Inc)

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Corporate Existence and Power; Name; Chief Executive Office; Inventory and Equipment Locations; Tax Identification Number. Each Borrower is a corporation, duly organized, validly existing and in good standing under the laws of the its state of its incorporation, incorporation and is duly licensed or qualified to transact business in all jurisdictions where the character of the property owned or leased or the nature of the business transacted by it makes such licensing or qualification necessary. Each Borrower has all requisite power and authority, corporate or otherwise, to conduct its business, to own its properties and to execute and deliver, and to perform all of its obligations under, the Loan Documents. During its existence, each Borrower has done business solely under the names set forth in Schedule SCHEDULE 5.1 hereto. Except as changed in accordance with Section 7.15, each Each Borrower's chief executive office and principal place of business is located at the address set forth in Schedule SCHEDULE 5.1 hereto, and all the of such Borrower's records of each Borrower relating to its respective business or the Collateral are kept at that location. Except as changed in accordance with Section 7.15, all All Inventory and Equipment is located at that location or at one of the other locations set forth in Schedule SCHEDULE 5.1 hereto. Each Borrower's tax identification number is correctly set forth in Section 3.6 hereto.

Appears in 1 contract

Samples: Credit and Security Agreement (Microtel International Inc)

Corporate Existence and Power; Name; Chief Executive Office; Inventory and Equipment Locations; Tax Identification Number. Each The Borrower is a corporation, duly organized, validly existing and in good standing under the laws of the state State of its incorporation, California and is duly licensed or qualified to transact business in all jurisdictions where the character of the property owned or leased or the nature of the business transacted by it makes such licensing or qualification necessary. Each The Borrower has all requisite power and authority, corporate or otherwise, to conduct its business, to own its properties and to execute and deliver, and to perform all of its obligations under, the Loan Documents. During its existencethe last five (5) years, each the Borrower has done business solely under the names set forth in Schedule SCHEDULE 5.1 hereto. Except as changed in accordance with Section 7.15, each The Borrower's chief executive office and principal place of business is located at the address set forth in Schedule 5.1 hereto, and all of the Borrower's records of each Borrower relating to its respective business or the Collateral are kept at that location. Except as changed in accordance with Section 7.15, all All Inventory and Equipment is located at that location or at one of the other locations set forth in Schedule SCHEDULE 5.1 hereto. Each The Borrower's tax identification number is correctly set forth in Section 3.6 hereto.

Appears in 1 contract

Samples: Credit and Security Agreement (Educational Insights Inc)

Corporate Existence and Power; Name; Chief Executive Office; Inventory and Equipment Locations; Tax Identification Number. Each The Borrower is a corporation, duly organized, validly existing and in good standing under the laws of the state State of its incorporation, Colorado and is duly licensed or qualified to transact business in all jurisdictions where the character of the property owned or leased or the nature of the business transacted by it makes such licensing or qualification necessary. Each The Borrower has all requisite power and authority, corporate or otherwise, to conduct its business, to own its properties and to execute and deliver, and to perform all of its obligations under, the Loan Documents. During its existence, each the Borrower has done business solely under the names set forth in Schedule 5.1 hereto. Except as changed in accordance with Section 7.15, each The Borrower's chief executive office and principal place of business is located at the address set forth in Schedule 5.1 hereto, and all of the Borrower's records of each Borrower relating to its respective business or the Collateral are kept at that locationthe locations identified in Schedule 5.1. Except as changed in accordance with Section 7.15, all All Inventory and Equipment is located at that location or at one of the other locations set forth in Schedule 5.1 hereto. Each The Borrower's tax identification number is correctly set forth in Section 3.6 hereto.

Appears in 1 contract

Samples: Credit and Security Agreement (Vari L Co Inc)

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