Common use of Existence, Due Authorization and Execution Clause in Contracts

Existence, Due Authorization and Execution. The Borrower is duly organized and existing as a corporation and is in good standing and qualified to do business under the laws of Borrower's state of incorporation and that the Loan Documents evidencing the Loans have been properly executed by the persons authorized to do so;

Existence, Due Authorization and Execution. The Borrower is duly organized and existing as a corporation and is in good standing and qualified to do business under the laws of Borrower's state of incorporation and the states in which the Loan Inventory is located and that the Loan Documents evidencing the Loans have been properly executed by the persons authorized to do so;

Existence, Due Authorization and Execution. The Borrower is duly organized and existing as a corporation and is in good standing and qualified to do business under the laws of Borrower's state of incorporation and that the Loan Documents evidencing the Loans have been properly executed by the persons authorized author ized to do so;