Common use of Entity Existence Clause in Contracts

Entity Existence. If the Subscriber is a corporation, entity, trust, employee benefit plan, individual retirement account, Xxxxx plan, or other tax-exempt entity, it was not formed for the purpose of acquiring the Units, it has been in existence for more than 90 days prior to the date hereof, it is authorized and qualified to become an investor in the Company, and the person signing this Agreement on behalf of such entity has been duly authorized by such entity to do so.

Entity Existence. If the Subscriber is a corporation, entity, trust, employee benefit plan, individual retirement account, Xxxxx plan, or other tax-exempt entity, it was not formed for the purpose of acquiring the UnitsUnit, it has been in existence for more than 90 days prior to the date hereof, it is authorized and qualified to become an investor in the Company, and the person signing this Agreement on behalf of such entity has been duly authorized by such entity to do so.