Common use of Corporate Entities Clause in Contracts

Corporate Entities. If Tenant is a corporation, each person executing this Lease on behalf of Tenant hereby covenants and warrants that: Tenant is a duly formed corporation qualified to do business in the state in which the Premises is located; all Tenant's franchise and corporate taxes have been paid to date; and such persons are duly authorized by such corporation to execute and deliver this Lease on behalf of the corporation. Each person executing this Lease on behalf of Landlord hereby covenants and warrants that: Landlord is a duly formed corporation qualified to do business in the state in which the Premises is located; all Landlord's franchise and corporate taxes have been paid to date; and such persons are duly authorized by such corporation to execute and deliver this Lease on behalf of the corporation.