Common use of Formation of Bank Clause in Contracts

Formation of Bank. Bank is a national banking association, duly organized, validly existing and in good standing; Bank has all requisite corporate power to carry on its business as now being conducted, and has all requisite corporate power and authority to enter into this Agreement, issue the Letter of Credit, and perform its obligations hereunder and thereunder.

Formation of Bank. Bank is a national banking association, duly organized, validly existing and in good standing; Bank has all requisite corporate power to carry on its business as now being conducted, and has all requisite corporate power and authority to enter into this Agreement, issue the Series B Letter of Credit, and perform its obligations hereunder and thereunder.

Formation of Bank. Bank is a national banking association, duly organized, validly existing and in good standing; Bank has all requisite corporate power to carry on its business as now being conducted, and has all requisite corporate power and authority to enter into this Agreement, issue the Letter of Credit, and perform its obligations hereunder and thereunder.on