Common use of Corporate Status; Subsidiaries Clause in Contracts

Corporate Status; Subsidiaries. The Borrower is a corporation, duly organized and validly existing in the jurisdiction in which it is organized, has the power and authority to own its properties and to carry on its business as currently conducted, and is duly qualified to do business and is in good standing in each jurisdiction in which the transaction of its business makes such qualification necessary. The Borrower has no subsidiaries other than those previously disclosed to the Bank in writing.

Corporate Status; Subsidiaries. The Borrower is a corporation, duly organized and validly existing in the jurisdiction in which it is organized, has the power and authority to own its properties and to carry on its business as currently conducted, and is duly qualified to do business and is in good standing in each jurisdiction in which the transaction of its business makes such qualification necessary. The Borrower has no subsidiaries other than those previously disclosed to the Bank in writingSubsidiaries.

Corporate Status; Subsidiaries. The Borrower is a corporationlimited liability company, duly organized and validly existing in the jurisdiction in which it is organized, has the power and authority to own its properties and to carry on its business as currently conducted, and is duly qualified to do business and is in good standing in each jurisdiction in which the transaction of its business makes such qualification necessary. The Borrower has no subsidiaries other than those previously disclosed to the Bank in writing.