Common use of Good Standings Clause in Contracts

Good Standings. The Bank shall have received a certificate as of a recent date of the good standing or existence of the Borrower and each of its Subsidiaries under the laws of its jurisdiction of organization, from the Secretary of State (or comparable Governmental Authority) of such jurisdiction.

Appears in 3 contracts

Samples: Credit Agreement (Swisher Hygiene Inc.), Credit Agreement (Swisher Hygiene Inc.), Credit Agreement (Swisher Hygiene Inc.)

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Good Standings. The Bank shall have received a certificate as of a recent date of the good standing or existence of the Parent and the Borrower and each of its Subsidiaries under the laws of its jurisdiction of organization, from the Secretary of State (or comparable Governmental Authority) of such jurisdiction.

Appears in 2 contracts

Samples: Loan Agreement (Fountain Powerboat Industries Inc), Loan Agreement (Fountain Powerboat Industries Inc)

Good Standings. The Bank shall have received a certificate as of a recent date of the good standing or existence of the Borrower and each of its Subsidiaries under the laws of its jurisdiction of organization, from the Secretary of State (or comparable Governmental Authority) of such jurisdiction.

Appears in 1 contract

Samples: Credit Agreement (Swisher Hygiene Inc.)

Good Standings. The Bank shall have received a certificate as of a recent date of the good standing or existence of the Parent, the Affiliate Guarantor and the Borrower and each of its Subsidiaries under the laws of its jurisdiction of organization, from the Secretary of State (or comparable Governmental Authority) of such jurisdiction.

Appears in 1 contract

Samples: Loan Agreement (Fountain Powerboat Industries Inc)

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Good Standings. The Bank shall have received a certificate as of a recent date of the good standing or existence of each of the Borrower Parent and each of its Subsidiaries as of the Closing Date, under the laws of its jurisdiction of organization, from the Secretary of State (or comparable Governmental Authority) of such jurisdiction.

Appears in 1 contract

Samples: Credit Agreement (Jamba, Inc.)

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