Existence and Power; Investment Company. (a) The Investment Company of which it is a part is validly existing and in good standing under the laws of the state of its formation. Such Investment Company has all corporate or trust powers, and such Investment Company and such Borrower has all authorizations and approvals, in each case, required to carry on its business as now conducted.
Appears in 4 contracts
Samples: Credit Agreement (Usaa Mutual Fund Inc), Credit Agreement (Usaa State Tax Free Trust), Credit Agreement (Usaa Tax Exempt Fund Inc)