Common use of Borrowing Entity Clause in Contracts

Borrowing Entity. Borrower is a limited liability company ---------------- which is duly organized and validly existing under the laws of the State of Delaware. There have been no changes in the organization, composition, ownership structure or formation documents of Borrower since the inception of the Loan.

Borrowing Entity. Each Borrower is a limited liability company ---------------- which is duly organized and validly existing under the laws of the State of Delaware. There have been no material changes in the organization, composition, ownership structure or formation documents of any Borrower since the inception of the Loan.