Common use of Organization, Standing, Qualification Clause in Contracts

Organization, Standing, Qualification. Borrower: (a) is a duly organized and validly existing Texas corporation duly organized, validly existing and in good standing under the laws of the State of Texas, and (b) has all requisite power, corporate or otherwise, to conduct its business and to execute and deliver, and to perform its obligations under, the Loan Documents.

Organization, Standing, Qualification. Borrower: Borrower (a) is a duly organized and validly existing Texas corporation duly organized, validly existing and in good standing under the laws of the State of Texas, and (b) has as all requisite power, corporate or otherwise, to conduct its business and to execute and deliver, and to perform its obligations under, the Loan Documents.

Organization, Standing, Qualification. Borrower: (a) Borrower is a duly organized and validly existing Texas corporation duly organized, validly existing existing, and in good standing under the laws of the State of Texas, Texas and (b) as a foreign corporation under the laws of each jurisdiction in which the character or location of the properties owned by it or the business transacted by it requires licensing and qualification. Borrower has all requisite power, corporate or otherwise, power to conduct its business and to execute and execute, deliver, and to perform its obligations under, under the Loan Documents.

Organization, Standing, Qualification. Borrower: Borrower (a) is a duly organized and validly existing Texas corporation duly organized, validly existing and in good standing under the laws of the State of Texas, and (b) has all requisite power, corporate or otherwise, to conduct its business and to execute and deliver, and to perform its obligations under, the Loan Documents.

Organization, Standing, Qualification. Borrower: Borrower (a) is a duly organized and validly existing Texas corporation duly organized, validly existing and in good standing under the laws of the State of Texas, and (b) has as all requisite power, corporate or otherwise, to conduct its business and to execute and deliver, and to perform its obligations under, the Loan Documents."

Organization, Standing, Qualification. Borrower: Borrower (a) is a duly organized and validly existing Texas limited partnership, acting herein by its general partner, a corporation duly organized, validly existing and in good standing under the laws of the State of Texas, and (b) has all requisite power, corporate or otherwise, to conduct its business and to execute and deliver, and to perform its obligations under, the Loan Documents.