Common use of Existence of Borrower Clause in Contracts

Existence of Borrower. The Borrower is a corporation duly incorporated, validly existing and in good standing under the laws of the state indicated at the beginning of this Agreement. The Borrower has not, in the past five years, operated under any name, including any trade name or assumed name, other than the name indicated at the beginning of this Agreement.

Appears in 2 contracts

Sources: Term Loan Agreement (Corvu Corp), Revolving Credit Agreement (Lifecore Biomedical Inc)

Existence of Borrower. The Borrower is a corporation duly incorporated, validly existing and in good standing under the laws of the state indicated at the beginning of this Agreement. The Borrower has not, Agreement and is qualified to conduct its business in the past five years, operated under any name, including any trade name or assumed name, Minnesota and in all other than the name indicated at the beginning of this AgreementStates in which it conducts its business.

Appears in 1 contract

Sources: Revolving Credit Agreement (Bnccorp Inc)