Borrower Status. Borrower’s exact legal name is set forth on the signature page hereof. Borrower is a domestic U.S. entity, validly existing and in good standing under the laws of the state of its formation, is duly qualified and licensed to do business in the state where each Site is located, and has full power and authority to enter into and perform its obligations under the Loan Documents to which it is a party. Borrower’s chief executive office and principal place of business is at the location set forth on the signature page hereof. Set forth on Exhibit 3.1 is a true and complete organizational chart for Borrower.
Appears in 2 contracts
Sources: Loan Agreement (Condor Hospitality Trust, Inc.), Loan Agreement (Condor Hospitality Trust, Inc.)