Good Standing; Due Authorization; Enforceability. (a) Each Debtor is duly organized and in good standing in the jurisdiction of its formation. Each Debtor shall at all times preserve and keep in full force and effect its valid existence and good standing and any rights and franchises material to its business.
Appears in 7 contracts
Samples: Security Agreement (Integrated Biopharma Inc), Security Agreement (Applied Digital Solutions Inc), Security Agreement (Manaris Corp)
Good Standing; Due Authorization; Enforceability. (a) Each The Debtor is duly organized and in good standing in the jurisdiction of its formation. Each The Debtor shall at all times preserve and keep in full force and effect its valid existence and good standing and any rights and franchises material to its business.
Appears in 1 contract
Samples: Security Agreement (Ener1 Inc)
Good Standing; Due Authorization; Enforceability. (a) Each Such Debtor is duly organized and in good standing in the jurisdiction of its formation. Each Such Debtor shall at all times preserve and keep in full force and effect its valid existence and good standing and any rights and franchises material to its business.
Appears in 1 contract
Samples: Security Agreement (Ener1 Inc)
