Existence, Power and Qualification. Borrower is a duly organized and validly existing Delaware limited liability company, has the power to own its properties and to carry on its business as is now being conducted, and is duly qualified to do business and is in good standing in every jurisdiction in which the character of the properties owned by it or in which the transaction of its business makes its qualification necessary.
Appears in 6 contracts
Samples: Loan Agreement (Emeritus Corp\wa\), Loan Agreement (Advocat Inc), Loan Agreement (Advocat Inc)
Existence, Power and Qualification. Borrower is a duly organized and validly existing Delaware limited liability companycompany or Delaware limited partnership, as the case may be, has the power to own its properties and to carry on its business as is now being conducted, and is duly qualified to do business and is in good standing in every jurisdiction in which the character of the properties owned by it or in which the transaction of its business makes its qualification necessary, specifically including, without limitation, the State in which its applicable Facility is located.
Appears in 5 contracts
Samples: Loan Agreement (Emeritus Corp\wa\), Loan Agreement (Emeritus Corp\wa\), Loan Agreement (Emeritus Corp\wa\)
Existence, Power and Qualification. Borrower is a duly organized and validly existing Delaware limited liability companycorporation, has the corporate power to own its properties and to carry on its business as is now being conducted, and is duly qualified to do business and is in good standing in every jurisdiction in which the character of the properties owned by it or in which the transaction of its business makes its qualification necessary.
Appears in 3 contracts
Samples: Loan Agreement (Capital Senior Living Corp), Mezzanine Loan Agreement (Capital Senior Living Corp), Mezzanine Loan Agreement (Capital Senior Living Corp)
Existence, Power and Qualification. Borrower is a duly organized and validly existing Delaware limited liability company, organized under the laws of the State of Delaware, has the power to own its properties and to carry on its business as is now being conducted, and is duly qualified to do business and is in good standing in every jurisdiction in which the character of the properties owned by it or in which the transaction of its business makes its qualification necessary, specifically including, without limitation, the State of North Carolina.
Appears in 2 contracts
Samples: Loan Agreement (Advocat Inc), Loan Agreement (Advocat Inc)
Existence, Power and Qualification. Borrower is a duly organized and validly existing Delaware limited liability companycorporation, has the power to own its properties and to carry on its business as is now being conducted, and is duly qualified to do business and is in good standing in every jurisdiction in which the character of the properties owned by it or in which the transaction of its business makes its qualification necessary.
Appears in 2 contracts
Samples: Loan Agreement (Alterra Healthcare Corp), Loan Agreement (Alternative Living Services Inc)
Existence, Power and Qualification. Borrower is a corporation duly organized and validly existing Delaware limited liability companyunder the laws of the State of Delaware, has the power to own its properties and to carry on its business as is now being conducted, and is duly qualified to do business and is in good standing in every jurisdiction in which the character of the properties owned by it or in which the transaction of its business makes its qualification necessary.
Appears in 1 contract
