Common use of Existence; Power Clause in Contracts

Existence; Power. Borrower (a) is duly organized, validly existing and in good standing as a limited liability company under the laws of the State of Nebraska, (b) has all requisite power and authority to carry on its businesses as now conducted, and (c) is duly qualified to do business, and is in good standing, in each jurisdiction where such qualification is required, except where a failure to be so qualified could not reasonably be expected to result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Master Credit Agreement (Nedak Ethanol, LLC), Master Credit Agreement (Nedak Ethanol, LLC)

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Existence; Power. Borrower (a) is duly organized, validly existing and in good standing as a limited liability company under the laws of the State of NebraskaSouth Dakota, (b) has all requisite power and authority to carry on its businesses as now conducted, and (c) is duly qualified to do business, and is in good standing, in each jurisdiction where such qualification is required, except where a failure to be so qualified could not reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Great Plains Ethanol LLC)

Existence; Power. Borrower (a) is duly organized, validly existing and in good standing as a limited liability company under the laws of the State of NebraskaDelaware, (b) has all requisite power and authority to carry on its businesses as now conducted, and (c) is duly qualified to do business, and is in good standing, in each jurisdiction where such qualification is required, except where a failure to be so qualified could not reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Master Credit Agreement (Advanced BioEnergy, LLC)

Existence; Power. Borrower (a) is duly organized, validly existing and in good standing as a limited liability company under the laws of the State of NebraskaKansas, (b) has all requisite power and authority to carry on its businesses as now conducted, and (c) is duly qualified to do business, and is in good standing, in each jurisdiction where such qualification is required, except where a failure to be so qualified could not reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (East Kansas Agri Energy LLC)

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Existence; Power. Borrower (a) is duly organized, validly existing and in good standing as a limited liability company under the laws of the State of NebraskaIowa, (b) has all requisite power and authority to carry on its businesses as now conducted, and (c) is duly qualified to do business, and is in good standing, in each jurisdiction where such qualification is required, except where a failure to be so qualified could not reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Golden Grain Energy)

Existence; Power. Borrower (a1) is duly organized, validly existing and in good standing as a limited liability company under the laws of the State state of NebraskaDelaware, (b2) has all requisite power and authority to carry on its businesses as now conducted, and (c3) is duly qualified to do business, and is in good standing, in each jurisdiction where such qualification is required, except where a failure to be so qualified could not reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Master Credit Agreement (Advanced BioEnergy, LLC)

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