Common use of Participating Lender Clause in Contracts

Participating Lender. (a) is, and will at all times during the term of this Agreement remain, validly existing under the laws of the United States of America and duly authorized to enter into this Agreement; (b) has all requisite power to acquire and own the Participation Interest and to engage in the transactions contemplated hereby; and (c) has the full power, authority and legal right and has taken all necessary action to execute and deliver this Agreement. Participating Lender is a [describe state of formation of participating lender and type of entity], and is, and will at all times during the term of this Agreement remain, in good standing. Participating Lender is, to the extent necessary under any applicable law or regulation, duly authorized and qualified to transact any and all business contemplated by this Agreement (or is exempt from such qualification). Participating Lender possesses and shall continue to possess all requisite authority and power to conduct its business and to execute, deliver, and comply with its obligations under this Agreement.

Participating Lender. (a) is, and will at all times during the term of this Agreement remain, validly existing under the laws of the United States of America and duly authorized to enter into this Agreement; (b) has all requisite power to acquire and own the Participation Interest and to engage in the transactions contemplated hereby; and (c) has the full power, authority and legal right and has taken all necessary action to execute and deliver this Agreement. Participating Lender is a [describe state of formation of participating lender and type of entity], and is, and will at all times during the term of this Agreement remain, in good standingstanding under the laws applicable to Participating Lender. Furthermore, Participating Lender is, to the extent necessary under any applicable law or regulation, duly authorized and qualified to transact any and all business contemplated by this Agreement (or is exempt from such qualification). Participating Lender possesses and shall continue to possess all requisite authority and power to conduct its business and to execute, deliver, and comply with its obligations under this Agreement.