Formation, Qualification and Compliance. Developer (a) is a California limited partnership validly existing and in good standing under the laws of the State of California, (b) has all requisite authority to conduct its business and own and lease its properties, and (c) is qualified and in good standing in every jurisdiction in which the nature of its business makes qualification necessary or where failure to qualify could have a material adverse effect on its financial condition or the performance of its obligations under the Authority Documents. Developer is in compliance in all material respects with all laws applicable to its business and has obtained all approvals, licenses, exemptions and other authorizations from, and has accomplished all filings, registrations and qualifications with, any governmental authority that are necessary for the transaction of its business.
Formation, Qualification and Compliance. (a) Borrower is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware and is qualified to conduct business in the State of Tennessee. Borrower has full power and authority to conduct its business as presently conducted, to acquire the Property and construct the Improvements, to enter into this Agreement, the other Loan Documents and the Project Agreements to which it is a party and to perform all of its duties and obligations under this Agreement, such other Loan Documents and such Project Agreements. Such execution and performance have been duly authorized pursuant to the Operating Agreement and the Borrower’s Articles of Organization.
Formation, Qualification and Compliance. Participant (a) is a California nonprofit public benefit corporation validly existing and in good standing under the laws of the State of California; (b) has all requisite and the authority to conduct its business and own, purchase, improve and sell its properties. Participant is in compliance in all material respects with all laws applicable to its business and has obtained all approvals, licenses, exemptions and other authorizations from, and has accomplished all filings, registrations and qualifications with any governmental agency that are necessary for the transaction of its business; (c) Participant has and will in the future duly authorize, execute and deliver this Agreement and any and all other agreements and documents required to be executed and delivered by the Participant in order to carry out, give effect to, and consummate the transactions contemplated by this Agreement; (d) Participant does not have any material contingent obligations or any material contractual agreements which could materially adversely affect the ability of the Participant to carry out its obligations hereunder; (e) There are no material pending or, so far as is known to the Participant, threatened, legal proceedings to which the Participant is or may be made a party or to which any of its property is or may become subject, which have not been fully disclosed by the Participant to the City in this Agreement which could materially adversely affect the ability of the Participant to carry out its obligations hereunder; (f) Participant is a community development organization (or “CHODO”) within the meaning of § 92.2 of the HOME Regulations;
Formation, Qualification and Compliance. (a) Developer is a California nonprofit corporation and a federal community housing development corporation. Developer has all required authority to conduct its business and acquire, own, purchase, improve and sell its property.
Formation, Qualification and Compliance. Borrower is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Delaware and is qualified to conduct business in each of the jurisdictions in which it conducts business except to the extent that failure to do so would not result in a material adverse effect to the Company’s business. Borrower has full power and authority to conduct its business as presently conducted, to enter into this Agreement, the other Loan Documents to which it is a party and to perform all of its duties and obligations under this Agreement and such other Loan Documents. Such execution and performance have been duly authorized pursuant to the Certificate of Incorporation and Bylaws of Borrower.
Formation, Qualification and Compliance. (a) Developer is a Washington nonprofit corporation whose Executive Director is Xxxxx Xxxxxxx.
Formation, Qualification and Compliance. (a) Borrower (a) is a limited partnership validly existing and in good standing under the laws of the State of California, (b) has all requisite authority to conduct its business and own and lease its properties, and (c) is qualified and in good standing in every jurisdiction in which the nature of its business makes qualification necessary or where failure to qualify could have a material adverse effect on its financial condition or the performance of its obligations under the Loan Documents. Borrower is in compliance with all Laws applicable to its business and has obtained all approvals, licenses, exemptions and other authorizations from, and has accomplished or will accomplish by the date required by applicable Laws, all filings, registrations and qualifications with, any Governmental Agency that are necessary for the transaction of its business. Borrower will continue to operate its business in accordance with all Laws and shall require all tenants to comply with all Laws. Borrower shall not amend, modify, supplement or restate Borrower’s Organizational Documents without the prior written consent of Lender, except as otherwise expressly permitted herein, nor shall Borrower cancel or terminate Borrower’s Organizational Documents without the prior written consent of Lender.
Formation, Qualification and Compliance. Borrower (a) is a limited partnership validly existing and in good standing under the laws of the State of California,
Formation, Qualification and Compliance. (a) Borrower is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Iowa and is qualified to conduct business in the State of Texas. Borrower has full power and authority to conduct its business as presently conducted, to acquire the Property and construct the Improvements, to enter into this Agreement, the other Loan Documents and the Major Project Agreements to which it is a party and to perform all of its duties and obligations under this Agreement, such other Loan Documents and such Major Project Agreements. Such execution and performance have been duly authorized pursuant to the Operating Agreement and the Borrower’s Articles of Organization.
Formation, Qualification and Compliance. 9 5.2 Execution and Performance of Loan Documents ............................................................... 9 5.3
