Common use of Closing Representations and Warranties Clause in Contracts

Closing Representations and Warranties. Guarantor represents and warrants to Bank as of the date of this Agreement: 4.1.1 CORPORATE, LIMITED LIABILITY COMPANY, OR PARTNERSHIP EXISTENCE AND AUTHORIZATION. If Guarantor is a corporation, a limited liability company, or a partnership, Guarantor is validly existing, and in the case of a corporation or a limited liability company is in good standing, under the laws of the jurisdiction of its formation or organization and has the requisite power and authority to execute, deliver, and perform the Guarantor Loan Documents. The execution, delivery, and performance by Guarantor of the Guarantor Loan Documents have been duly authorized by all requisite action by or on behalf of Guarantor and will not conflict with, or result in a violation of or a default under, the certificate of incorporation and bylaws, the limited liability company operating agreement, or the partnership agreement of Guarantor, as the case may be. If Guarantor is not formed or organized under the law of the State of Arizona, Guarantor is qualified to do business as a foreign corporation, limited liability company, or partnership, as the case may be, and in the case of a corporation or limited liability company is in good standing, under the law of the State of Arizona.