Common use of Due Incorporation and Qualification Clause in Contracts

Due Incorporation and Qualification. Borrower is and shall at all times hereafter be a corporation duly organized and existing under the laws of the state of its incorporation and is qualified and licensed to do business and is in good standing in any state in which the conduct of its business or its ownership of assets requires that it be so qualified.

Appears in 5 contracts

Samples: Loan and Security Agreement (K Tronik International Corp), Loan and Security Agreement (K Tronik International Corp), Loan and Security Agreement (K Tronik International Corp)

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Due Incorporation and Qualification. Borrower is is, and shall at all times hereafter hereafter, be a corporation duly organized and existing under the laws of the state of its incorporation as set forth on the first page hereof, and is Borrower is, and shall at all times hereafter be, qualified and licensed to do business and is in good standing in any state in which the conduct of its business or its ownership of assets requires that it be so qualified.

Appears in 1 contract

Samples: Loan and Security Agreement (Reeds Inc)

Due Incorporation and Qualification. Borrower is is, and shall at all times hereafter hereafter, be a corporation duly organized and existing under the laws of the state of its incorporation as set forth on the first page hereof, and is qualified and licensed to do business and is in good standing in any state in which the conduct of its business or its ownership of assets requires that it be so qualified.

Appears in 1 contract

Samples: Loan and Security Agreement (Corporate Resource Services, Inc.)

Due Incorporation and Qualification. Borrower is is, and shall at all times hereafter hereafter, be a corporation duly organized and existing under the laws of the state of its incorporation as set forth on the first page hereof, and is qualified and licensed to do business and is in good standing in any state in which the conduct of its business or its ownership of assets requires that it be so qualified, including without limitation, the State of Connecticut.

Appears in 1 contract

Samples: Loan and Security Agreement (Farmstead Telephone Group Inc)

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Due Incorporation and Qualification. Borrower is and shall at all times hereafter be a corporation duly organized and existing under the laws of the state of its incorporation and is qualified and licensed to do business and is in good standing in any state in which the conduct of its business or its ownership of assets requires that it be so qualified.state

Appears in 1 contract

Samples: Loan and Security Agreement (Tristar Corp)

Due Incorporation and Qualification. Borrower is is, and shall at all times hereafter hereafter, be a corporation duly organized and existing under the laws of the state of its incorporation formation as set forth on the first page hereof, and is qualified and licensed to do business and is in good standing in any state in which the conduct of its business or its ownership of assets requires that it be so qualified.

Appears in 1 contract

Samples: Loan and Security Agreement (Polar Power, Inc.)

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