Common use of California Corporation Clause in Contracts

California Corporation. Borrower is duly organized and existing and in good standing under the laws of the State of California (without limit as to the duration of its existence) and is authorized and in good standing to do business in the State of California; Company has powers and adequate authority, rights and franchises to own its property and to carry on its business as now conducted, and is duly qualified and in good standing in each State in which the character of the properties owned by it therein or the conduct of its business makes such qualification necessary; and Borrower has the power and adequate authority to make and carry out this Agreement. Borrower has no investment in any other business entity, except: Great Pacific Insurance Company Pinnacle Data Corporation Fastrac Systems, Inc. Insurance Agent and Broker; and Fastrac Systems, Inc.

California Corporation. Borrower is duly organized and existing and in good standing under the laws of the State of California (without limit as to the duration of its existence) and is authorized and in good standing to do business in the State of California; Company has powers and adequate authority, rights and franchises to own its property and to carry on its business as now conducted, and is duly qualified and in good standing in each State in which the character of the properties owned by it therein or the conduct of its business makes such qualification necessary; and Borrower has the power and adequate authority to make and carry out this Agreement. Borrower has no investment in any other business entity, except: ; Great Pacific Insurance Company Pinnacle Data Corporation Fastrac Systems, Inc. Insurance Agent and Broker; , and Fastrac Systems, Inc.