Evidence of Due Organization and Good Standing Clause Samples

The 'Evidence of Due Organization and Good Standing' clause requires a party to demonstrate that it is properly formed and legally authorized to conduct business. Typically, this involves providing official documents such as certificates of incorporation or good standing from relevant government authorities. By ensuring that all parties are validly existing and in compliance with legal requirements, this clause helps prevent disputes related to a party’s legal capacity to enter into the agreement.
Evidence of Due Organization and Good Standing. Evidence satisfactory to the Bank of the due organization and good standing of the Borrower and every other business entity that is a party to this agreement or any other loan document required by this agreement;
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Evidence of Due Organization and Good Standing. Evidence, satisfactory to the Bank, of the due organization and good standing of the Borrower in each state in which the Borrower is doing business, including the state of Delaware;
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Evidence of Due Organization and Good Standing. Evidence satisfactory to the Bank of the due organization and good standing of the Borrower and every other business entity that is a party to this agreement or any other Loan Document; and
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Evidence of Due Organization and Good Standing. Evidence of the due organization and good standing of the Borrower which evidence shall include, at a minimum, articles of incorporation certified as of a current date by the Secretary of State of the State of Delaware, bylaws certified by the Secretary of Borrower, and a certificate of good standing from the State of Delaware;
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Evidence of Due Organization and Good Standing. Evidence, satisfactory to the Bank, of the due organization and good standing of each Credit Party in each state in which such Credit Party is doing business during the term of the Credit Facilities, including without limitation California and Nevada;
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Related to Evidence of Due Organization and Good Standing

  • Due Organization and Good Standing Purchaser is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware. Purchaser is qualified to transact business in each jurisdiction in which such qualification is deemed necessary.

  • Corporate Organization and Good Standing The Company is a corporation ---------------------------------------- duly organized, validly existing, and in good standing under the laws of the State of Delaware and is duly qualified and in good standing in all other states where the nature of its business or operations or the ownership of its property requires such qualification.

  • Existence and Good Standing The Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, USA.

  • Organization, Existence and Good Standing The Company is a corporation duly organized, validly existing and in good standing under the Laws of the state of Delaware. The Company has full corporate power and authority to own, lease and operate all of its properties and assets and to carry on the Business as presently conducted and is qualified as a foreign corporation and is duly qualified or authorized to do business as a foreign corporation and is in good standing under the Laws of all jurisdictions where the nature of the Business or the nature and location of its assets requires such qualification and where the failure to so qualify would have a Material Adverse Effect.

  • Organization and Good Standing Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaser.