Common use of Borrower Organization and Name Clause in Contracts

Borrower Organization and Name. The Borrower is duly organized, existing and in good standing under the laws of the state of reflected in its Organizational Documents, with power to conduct its business as presently conducted. The Borrower is duly licensed or qualified in all foreign jurisdictions wherein the nature of its activities require such qualification or licensing, except for such jurisdictions where the failure to so qualify would not have a Material Adverse Effect. The exact legal name of the Borrower is as set forth in the first paragraph of this Agreement, and the Borrower currently does not conduct, nor has it during the last five (5) years conducted, business under any other name or trade name.

Borrower Organization and Name. The Each Borrower is a corporation duly organized, existing and in good standing under the laws of the its respective state of reflected in its Organizational Documents, formation with full and adequate power to carry on and conduct its business as presently conducted. The Each Borrower is duly licensed or qualified in all foreign jurisdictions wherein the nature of its activities require such qualification or licensing, except for such jurisdictions where the failure to so qualify would not have a Material Adverse Effect. The exact legal name of the each Borrower is as set forth in the first paragraph of this Agreement, and the no Borrower currently does not conductconducts, nor has it during the last five (5) years conducted, business under any other name or trade name.