Organization of Borrower. Each Borrower is a corporation duly formed and existing under the laws of the state where organized.
Appears in 5 contracts
Samples: Business Loan Agreement (Agribiotech Inc), Business Loan Agreement (Educational Medical Inc), Business Loan Agreement (Educational Medical Inc)
Organization of Borrower. Each entity comprising Borrower is a corporation duly formed and validly existing under the laws of the state where organizedtheir respective states of incorporation. Each entity comprising Borrower has full and adequate corporate power to carry on and conduct its business as presently conducted.
Appears in 2 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (QC Holdings, Inc.)
Organization of Borrower. Each The Borrower is a corporation duly ------------------------ formed and existing under the laws of the state where organized.
Appears in 1 contract
Samples: Business Loan Agreement (Prolong International Corp)
Organization of Borrower. Each The Borrower is a corporation duly formed and existing under the laws of the state where organized.. 5.2
Appears in 1 contract
