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Organization of the Borrower Sample Clauses

Organization of the Borrower. The Borrower is a corporation duly organized, validly existing and, to the best of its knowledge and without special enquiry, in good standing under the Laws of Canada and of all jurisdictions in which it carries on business. The Borrower has the power and authority, corporate or otherwise, to own its properties and to carry on its business as now being and hereafter proposed to be conducted.
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Organization of the Borrower. The Borrower is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada. The Borrower has full corporate power and authority to own, use, lease and license its assets and its properties and to carry on its business as it is now being conducted.
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Organization of the Borrower. Borrower is a duly organized California corporation, validly existing and in good standing under the laws of the State of California. Borrower has all requisite power and authority to develop the Combined Properties, to carry on its business as now conducted, and to execute, deliver and perform its obligations under this Agreement, the Note and Deed of Trust.
Sample 1
Organization of the Borrower. The Borrower (a) is a corporation duly organized and validly existing in good standing under the laws of the State of Georgia, (b) has all requisite power and authority to conduct its business and to own its properties, (c) is duly qualified to do business in every jurisdiction in which the nature of business conducted by it makes such qualification necessary or where failure to so qualify would have a material adverse effect on its business or financial condition or its performance of its obligations under the Letter of Credit Documents or Bond Documents and (d) possesses all material regulatory licenses, approvals and professional accreditations needed to operate its businesses and is in good standing with respect thereto and no circumstances are known to Borrower to have occurred or to be pending that could jeopardize the foregoing.
Sample 1
Organization of the Borrower. The Borrower is a corporation, duly organized, validly existing and in good standing under the laws of the State of Delaware, (ii) has the power and authority to own its properties and to carry on its business as now being conducted and as presently contemplated, (iii) is duly qualified to transact business in all states where the nature of its activities requires such qualification or where the failure to qualify would not have a Material Adverse Effect on the Borrower, and (iv) has the power and authority to execute, deliver and perform its obligations under the Loan Documents.
Sample 1
Organization of the Borrower. The Borrower is a corporation organized, existing and in good standing under the laws of the State of Florida. The Borrower is qualified to do business in every jurisdiction in which the character of the properties owned or the nature of the business conducted by the Borrower makes such licensing or qualification to do business necessary, except where the failure to be in good standing or to be duly licensed or qualified to do business would not have a material adverse effect on the Borrower. No jurisdiction in which the Borrower is not qualified has asserted that the Borrower is required to be qualified to do business therein.
Sample 1
Organization of the Borrower. The Borrower is a corporation duly ---------------------------- organized, validly existing and in good standing under the laws of the State of Ohio and is duly licensed to transact business as a foreign corporation in the State of Colorado. The Borrower (a) has all requisite power and authority to conduct its business and to own and lease its properties, (b) is duly qualified to do business in every jurisdiction in which the nature of business conducted by it makes such qualification necessary or where failure to so qualify would have a material, adverse effect on its business or financial condition or its performance of its obligations under the Letter of Credit Documents, or the Bond Documents, and (c) is duly and validly licensed and holds all permits and approvals necessary for the conduct of the business in which it is engaged and for the intended use of the Project Facilities. The Borrower is governed by its Articles of Incorporation, as amended, and Code of Regulations, as amended, true and correct copies of which have been delivered to the Bank, which documents have not been further restated, amended or modified and remain in full force and effect.
Sample 1

Related to Organization of the Borrower

  • Organization of Borrower The Borrower is a corporation duly formed and existing under the laws of the state where organized.

  • Organization of the Company The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Nevada.

  • Organization of the Buyer The Buyer is a corporation duly organized, validly existing, and in good standing under the laws of the jurisdiction of its incorporation.

  • Organization of the Seller The Seller is a corporation duly organized, validly existing, and in good standing under the laws of the jurisdiction of its incorporation.

  • Organization of the Trust AUTHORITY TO EXECUTE AND PERFORM VARIOUS DOCUMENTS; DECLARATION OF TRUST BY DELAWARE TRUSTEE

  • Organization of Company The Company, a corporation duly organized, validly existing and in good standing under the laws of the State of Illinois and the Company is legally qualified to transact business in Illinois. The Company has full power and authority to own or lease and to operate and use its assets and to carry on its business at the Project. There is no pending or threatened proceeding for the dissolution, liquidation, insolvency, or rehabilitation of the Company.

  • Organization; Powers; Subsidiaries The Borrower and its Material Subsidiaries are duly organized, validly existing and in good standing (to the extent such concept is applicable in the relevant jurisdiction) under the laws of the jurisdiction of its organization, have all requisite power and authority to carry on their respective business as now conducted and, except where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect, are qualified to do business in, and are in good standing (to the extent such concept is applicable) in, every jurisdiction where such qualification is required. All of the outstanding shares of capital stock and other equity interests on the Closing Date, to the extent owned by the Borrower or any Subsidiary, of each Material Subsidiary are validly issued and outstanding and fully paid and nonassessable (if applicable) and all such shares and other equity interests are owned, beneficially and of record, by the Borrower or such other Subsidiary on the Closing Date free and clear of all Liens, other than Liens permitted under Section 6.02; provided that any untruth, misstatement or inaccuracy of the foregoing representation in this sentence shall only be deemed a breach of such representation to the extent such untruth, misstatement or inaccuracy is material to the interests of the Lenders. As of the Closing Date, there are no outstanding commitments or other obligations of the Borrower or any Subsidiary to issue, and no options, warrants or other rights of any Person other than the Borrower or any Subsidiary to acquire, any shares of any class of capital stock or other equity interests of any Material Subsidiary, except as disclosed on Schedule 3.01.

  • Organizational Existence Except as otherwise permitted by Section 3.6, each Credit Party will and will cause its Subsidiaries to at all times preserve and keep in full force and effect its organizational existence and all rights and franchises material to its business.

  • Organization, etc Financial Security is a stock insurance company duly organized, validly existing and authorized to transact financial guaranty insurance business under the laws of the State of New York.

  • Organization; Subsidiaries (a) The Company is a corporation duly organized, validly existing and in good standing under the Laws of the State of Delaware and has the requisite corporate power and corporate authority to carry on its business as it is now being conducted or presently proposed to be conducted. To the Company's Knowledge, the Company is duly qualified and licensed as a foreign corporation to do business and is in good standing (and has paid all relevant franchise or analogous taxes) in each jurisdiction where the character of its assets owned or held under lease or the nature of its business makes such qualification necessary, except where the failure to be so qualified or licensed, individually or in the aggregate, has not had and would not reasonably be expected to have a Material Adverse Effect. (b) The Company owns, either directly or indirectly through one or more of its Subsidiaries, all of the capital stock or other equity interests of its Subsidiaries free and clear of all Liens, except those Liens pursuant to the credit and other loan agreements existing as of the date hereof. There are no outstanding subscription rights, options, warrants, convertible or exchangeable securities or other rights of any character whatsoever relating to issued or unissued capital stock or other equity interests of any Subsidiary, or any commitments of any character whatsoever relating to issued or unissued capital stock or other equity interests of any Subsidiary or pursuant to which any Subsidiary is or may become bound to issue or grant additional shares of its capital stock or other equity interests or related subscription rights, options, warrants, convertible or exchangeable securities or other rights, or to grant preemptive rights. (c) Each Subsidiary is a corporation, limited liability company, partnership, business association or other Person duly organized, validly existing and in good standing (in jurisdictions where such concept is recognized) under the Laws of the jurisdiction of its organization and has the requisite corporate power and authority to carry on its business as it is now being conducted. To the Company's Knowledge, each Subsidiary of the Company is duly qualified and licensed as a foreign corporation or other business entity to do business and is in good standing (and has paid all relevant franchise or analogous taxes) in each jurisdiction where the character of its assets owned or held under lease or the nature of its business makes such qualification necessary, except where the failure of one or more Subsidiaries to be so qualified or licensed, individually or in the aggregate, has not had and would not be reasonably expected to have a Material Adverse Effect.

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