Borrower's Organization. Borrower is a corporation duly formed under the laws of the State of Nevada.
Borrower's Organization. Borrower is a corporation duly organized and existing and in good standing under the laws of the place of its incorporation, and Borrower is qualified as a foreign corporation and in good standing in every other jurisdiction where its business or operations requires such qualification. The execution, delivery and performance of this Agreement, the Notes and other documents required of Borrower have been duly authorized by all requisite action and will not violate the charter or by-laws of Borrower or any applicable statutes or regulations or any agreements or judgements to which Borrower is a party. This Agreement and the Notes are valid and binding obligations of Borrower, enforceable in accordance with their terms except as may be limited by bankruptcy, insolvency, moratorium, reorganization and other similar laws or equitable principles affecting generally the enforcement of creditors, rights, and the consent or approval of governmental authorities or of third parties is not required for the validity of Borrower's obligations hereunder or thereunder or, if required, has been obtained; nor does this Agreement or the Notes violate any applicable Federal, state or local law, rule or regulation relating to usury.
Borrower's Organization. (i) Borrower is a limited partnership duly organized and validly existing in good standing under the laws of the State of Florida, (ii) Borrower is qualified to do business in the State of Florida and (iii) the character of the properties owned or leased by Borrower and the nature of Borrower's business do not require it to be qualified and in good standing in any other state in order to avoid any liability.
Borrower's Organization. Borrower is a Real Estate Investment Trust duly organized and existing under the laws of California as a business trust, and is properly licensed and in good standing in every jurisdiction where the failure to so comply would be likely to have a material adverse affect on Borrower's operations as a whole.
Borrower's Organization. Borrower is a limited liability company duly organized and existing and in good standing under the laws of the place of its incorporation, and Borrower is qualified as a foreign limited liability company and in good standing in every other jurisdiction where its business or operations requires such qualification. The execution, delivery and performance of this Agreement, the Note and other documents required of Borrower have been duly authorized by all requisite action and will not violate the Articles of Organization or Operating Agreement of Borrower or any applicable statutes or regulations or any agreements or judgments to which Borrower is a party. This Agreement and the Note are valid and binding obligations of Borrower, enforceable in accordance with their terms except as may be limited by bankruptcy, insolvency, moratorium, reorganization and other similar laws or equitable principles affecting generally the enforcement of creditors, rights, and the consent or approval of governmental authorities or of third parties is not required for the validity of Borrower's obligations hereunder or thereunder or, if required, has been obtained; nor does this Agreement or the Note violate any applicable Federal, state or local law, rule or regulation relating to usury.
Borrower's Organization. Borrower represents and warrants that Borrower is a limited liability company duly organized, validly existing and in good standing under Delaware law. Borrower has with all requisite power and authority to own its property and to engage in the business and activities as now conducted, and is duly qualified and in good standing as a foreign entity authorized to do business in each jurisdiction (other than the jurisdiction of its incorporation) where materially required.
Borrower's Organization. Borrower is a corporation, duly organized and existing and in good standing under the laws of Delaware, and Borrower is qualified to do business in and in good standing in every other jurisdiction where its business or operations requires such qualification. All of Borrower's shareholders and their respective shares of capital stock of each class, are listed on Exhibit "A" hereto. The execution, delivery and performance of this Agreement, the Note and other documents required of Borrower have been duly authorized by all requisite action and will not violate the Borrower's charter or by-laws or any applicable statutes or regulations or any agreements or judgements to which Borrower is a party or by which it or its property is bound. This Agreement and the Note are valid and binding obligations of Borrower, enforceable in accordance with their terms except as may be limited by bankruptcy, insolvency, moratorium, reorganization and other similar laws or equitable principles affecting the enforcement of creditors' rights generally, and the consent or approval of governmental authorities or of third parties is not required for the validity of Borrower's obligations hereunder or thereunder or, if required, has been obtained and remains in full force and effect.
Borrower's Organization. Borrower is a Maryland corporation validly existing and in good standing under the laws of the State of Maryland and is duly qualified to do business in every jurisdiction in which the nature of its business or the ownership of its properties requires such qualification.
Borrower's Organization. Borrower is a corporation duly formed under the laws of the State of Delaware. Borrower and each of its subsidiaries are in good standing under the laws of their respective states of organization.
Borrower's Organization. Borrower is a corporation duly organized and existing and in good standing under the laws of Michigan, and is qualified as a foreign corporation and in good standing in every other jurisdiction where its business or operations requires such qualification. The execution, delivery and performance of this Agreement, the Note and the Loan Documents have been duly authorized by all requisite action and will not violate the Articles of Incorporation or Bylaws of Borrower, any applicable statutes or regulations, or any agreements or judgments to which Borrower is a party or by which it is bound. This Agreement and the Note are valid and binding obligations of Borrower, enforceable in accordance with their terms except as limited by bankruptcy, insolvency, reorganization and other similar laws or equitable principles affecting the enforcement of creditors’ rights generally, and the consent or approval of governmental authorities or of third parties is not required for the validity of Borrower’s obligations hereunder. Neither this Agreement nor the Note nor any other Loan Document violates any applicable Federal, state or local law, rule or regulation relating to usury (and all such defenses of usury are expressly waived).
