Corporate Existence and Power; Name Sample Clauses
The "Corporate Existence and Power; Name" clause affirms that a company is legally incorporated, validly existing, and has the authority to conduct business under its stated name. It typically requires the company to confirm its legal status, the jurisdiction of its incorporation, and that it possesses all necessary powers to enter into agreements or perform its obligations. This clause ensures that the entity is properly established and authorized, thereby reducing the risk of disputes over the company's legal capacity or identity in contractual relationships.
Corporate Existence and Power; Name. Chief Executive ---------------------------------------------------- Office; Inventory and Equipment Locations; Tax Identification Number. The -------------------------------------------------------------------- Borrower is a corporation, duly organized, validly existing and in good standing under the laws of the State of Delaware and is duly licensed or qualified to transact business in all jurisdictions where the character of the property owned or leased or the nature of the business transacted by it makes such licensing or qualification necessary. The Borrower has all requisite power and authority, corporate or otherwise, to conduct its business, to own its properties and to execute and deliver, and to perform all of its obligations under, the Loan Documents. During its existence, the Borrower has done business solely under the names set forth in Schedule 5.1 hereto. The Borrower's chief executive office and principal place of business is located at the address set forth in Schedule 5.1 hereto, and all of the Borrower's records relating to its business or the Collateral are kept at that location. All Inventory and Equipment is located at that location or the other locations set forth in Schedule 5.1 hereto.
Corporate Existence and Power; Name. Chief Executive Office;
Corporate Existence and Power; Name. Chief Executive Office; Inventory and Equipment Locations; Tax Identification No....
Corporate Existence and Power; Name. Chief Executive Office; Inventory and Equipment Locations. Royal Grip is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Nevada and is duly licensed or qualified to transact business in all jurisdictions where the character of the property owned or leased or the nature of the business transacted by it makes such licensing or qualification necessary. Roxxi is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Nevada, and is duly licensed or qualified to transact business in all jurisdictions where the character of the property owned or leased or the nature of the business transacted by it makes such licensing or qualification necessary. The Borrower has all requisite power and authority, corporate or otherwise, to conduct its business, to own its properties and to execute and deliver, and to perform all of its obligations under, the Loan Documents. During its corporate existence, the Borrower has done business solely under the names set forth in Exhibit B hereto. The chief executive office and principal place of business of the Borrower is located at the address set forth in Exhibit B hereto, and all of the Borrower's records relating to its business or the Collateral are kept at that location. All Inventory and Equipment is located at that location or at one of the other locations set forth in Exhibit B hereto. The Borrower's tax identification number is correctly set forth in Section 9.4.
Corporate Existence and Power; Name. Chief Executive Office; Inventory and Equipment Locations. LDL is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Utah and Sensar is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Utah, and each Borrower is duly licensed or qualified to transact business in all jurisdictions where the character of the property owned or leased or the nature of the business transacted by it makes such licensing or qualification necessary. Each Borrower has all requisite power and authority, corporate or otherwise, to conduct its business, to own its properties and to execute and deliver, and to perform all of its obligations under, the Loan Documents. During its corporate existence, each Borrower has done business solely under the names set forth in Exhibit B hereto. The chief executive office and principal place of business of each Borrower is located at the address set forth in Exhibit B hereto, and all of such Borrower's records relating to its business or the Collateral are kept at that location. All Inventory and Equipment is located at that location or at one of the other locations set forth in Exhibit B hereto.
Corporate Existence and Power; Name. CHIEF EXECUTIVE OFFICE; ------------------------------------------------------------ INVENTORY AND EQUIPMENT LOCATIONS. Borrower is a corporation duly incorporated, --------------------------------- validly existing and in good standing under the laws of the State of Nevada. Borrower has all requisite power and authority, corporate or otherwise, to conduct its business, to own its properties and to execute and deliver, and to perform all of its obligations under, the Loan Documents. During its corporate existence, Borrower has done business solely under the names of ▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇, Inc. and Axxess, Inc. The chief executive office and principal place of business of Borrower is located at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇, and all Records are kept at that location. All Inventory and Equipment is located at that location or at one of the other Places of Business.