Common use of Governmental Certificates Clause in Contracts

Governmental Certificates. Certificates of the appropriate government officials of the state of incorporation or organization of Borrower and each other Obligated Party as to the existence and good standing of Borrower and each other Obligated Party. Any such certificate(s) due from the Texas Comptroller of Public Accounts may be satisfied with a printout of an electronic search of such office’s records which shows that the applicable Person’s status with respect to its right to transact business in Texas is “active”. Each certificate or other evidence required by this clause (g) shall be dated within 30 days prior to the date of the initial Credit Extension;

Governmental Certificates. Certificates To the extent applicable, certificates of the appropriate government officials of the state of incorporation or organization of Borrower and each other Obligated Party as to the existence and good standing of Borrower and each other Obligated Party. Any such certificate(s) due from the Texas Comptroller of Public Accounts may be satisfied with a printout of an electronic search of such office’s records which shows that the applicable Person’s status with respect to its right to transact business in Texas is “active”. .” Each certificate or other evidence required by this clause (g) shall be dated within 30 thirty (30) days prior to the date of the initial Credit Extension;