Common use of Organization, Powers, Etc Clause in Contracts

Organization, Powers, Etc. The Borrower (i) is duly organized, validly existing, and in good standing under the laws of the state of its incorporation; (ii) is duly qualified to do business and is in good standing in each jurisdiction in which the character of its properties or the nature of its business requires such qualification; (iii) has all requisite corporate and legal power to own and operate its assets and to carry on its business and to enter into and perform its obligations under the Loan Documents to which it is a party; (iv) has duly and lawfully obtained and maintains all licenses, certificates, permits, authorizations, approvals, and the like which are material to the conduct of its business or which may be otherwise required by law; (v) is a wholly-owned subsidiary of Cameron Telephone Company; and (vi) is eligible to borrow from CoBank.

Organization, Powers, Etc. The Borrower (i) is duly organized, validly existing, and in good standing under the laws of the state of its incorporation; (ii) is duly qualified to do business and is in good standing in each jurisdiction in which the character of its properties or the nature of its business requires such qualification; (iii) has all requisite corporate and legal power to own and operate its assets and to carry on its business and to enter into and perform its obligations under the Loan Documents to which it is a party; (iv) has duly and lawfully obtained and maintains all licenses, certificates, permits, authorizations, approvals, and the like which are material to the conduct of its business or which may be otherwise required by law; and (v) is a wholly-owned subsidiary of Cameron Telephone Company; and (vi) is eligible to borrow from CoBank.

Organization, Powers, Etc. The Borrower (i) is duly organized, validly existing, and in good standing under the laws of the its state of its incorporation; (ii) is duly qualified to do business and is in good standing in each jurisdiction in which the character of its properties or the nature of its business requires such qualification; (iii) has all requisite corporate and legal power to own and operate its assets and to carry on its business and to enter into and perform its obligations under the Loan Documents to which it is a party; (iv) has duly and lawfully obtained and maintains maintained all licenses, certificates, permits, authorizations, approvals, and the like which are material to necessary in the conduct of its business or which may be otherwise required by law; and (v) is a wholly-owned subsidiary of Cameron Telephone Company; and (vi) is eligible to borrow from CoBank.

Organization, Powers, Etc. The Borrower (i) is duly organized, validly existing, and in good standing under the laws of the its state of its incorporation; (ii) is duly qualified to do business and is in good standing in each jurisdiction in which the character of its properties or the nature of its business requires such qualification; (iii) has all requisite corporate and legal power to own and operate its assets and to carry on its business and to enter into and perform its obligations under the Loan Documents to which it is a party; (iv) has duly and lawfully obtained and maintains all licenses, certificates, permits, authorizations, approvals, and the like which are material to necessary in the conduct of its business or which may be otherwise required by law; and (v) is a wholly-owned subsidiary of Cameron Telephone Company; and (vi) is eligible to borrow from CoBank.