Common use of Nature of Entity Clause in Contracts

Nature of Entity. Borrowers are a limited liability company, validly existing and in good standing under the laws of the State of Washington, and is and will continue to be duly qualified and licensed to do business in any other state in which it is required to be so qualified, organized and/or licensed.

Nature of Entity. Borrowers are a limited liability company, validly existing and in good standing under the laws of the State of WashingtonDelaware, and is and will continue to be duly qualified and licensed to do business in any other state in which it is required to be so qualified, organized and/or licensed.