Corporate Existence, Power and Authorization. Borrower and each Subsidiary is duly organized, validly existing and in good standing under the laws of the state of its organization, and is duly qualified to conduct business in each jurisdiction in which its business is conducted. The execution, delivery and performance of all Loan Documents executed by Borrower are within Borrower's powers and have been duly authorized by the Board of Directors of Borrower and do not require any consent or approval of the stockholders of Borrower.
Appears in 4 contracts
Samples: Credit Agreement (Spectrum Laboratories Inc /Ca), Credit Agreement (Spectrum Laboratories Inc /Ca), Credit Agreement (Signature Eyewear Inc)
Corporate Existence, Power and Authorization. Borrower and each Subsidiary is duly organized, validly existing and in good standing under the laws of the state of its organization, and is duly qualified to conduct business in each jurisdiction in which its business is conducted. The execution, delivery and performance of all Loan Documents executed by Borrower are within Borrower's ’s powers and have been duly authorized by all necessary corporate action on the Board of Directors of Borrower and do not require any consent or approval of the stockholders part of Borrower.
Appears in 3 contracts
Samples: Credit and Security Agreement (RealD Inc.), Credit and Security Agreement (RealD Inc.), Credit and Security Agreement (RealD Inc.)
Corporate Existence, Power and Authorization. Borrower and each Subsidiary is duly organized, validly existing and in good standing under the laws of the state of its organization, and is duly qualified to conduct business in each jurisdiction in which its business is conducted. The execution, delivery and performance of all Loan Documents executed by Borrower are within Borrower's powers and have been duly authorized by the Board of Directors of Borrower and do not require any consent or approval of the stockholders of Borrower.
Appears in 2 contracts
Samples: Accounts Receivable Loan Agreement (Emergent Information Technologies Inc), Accounts Receivable and Inventory Loan Agreement (Athanor Group Inc)
Corporate Existence, Power and Authorization. Borrower and each Subsidiary is duly organized, validly existing and in good standing under the laws of the state of its organization, and is duly qualified to conduct business in each jurisdiction in which its business is conductedconducted where failure to so qualify or be in good standing would result in a material adverse effect on the business or financial condition of Borrower. The execution, delivery and performance of all Loan Documents executed by Borrower are within Borrower's ’s powers and have been duly authorized by the Board of Directors of Borrower and do not require any consent or approval of the stockholders of Borrower.
Appears in 2 contracts
Samples: Credit and Security Agreement (Tier Technologies Inc), Credit and Security Agreement (Tier Technologies Inc)
Corporate Existence, Power and Authorization. Borrower and each Subsidiary is duly organized, validly existing and in good standing under the laws of the state of its organization, and is duly qualified to conduct business in each jurisdiction in which its business is conducted. The execution, delivery and performance of all Loan Documents executed by Borrower are within Borrower's ’s powers and have been duly authorized by the Board of Directors of Borrower and do not require any consent or approval of the stockholders of Borrower, or such consent or approval has been obtained.
Appears in 1 contract
Corporate Existence, Power and Authorization. Borrower and each Subsidiary is duly organized, validly existing and in good standing under the laws of the state of its organization, and is duly qualified to conduct business in each jurisdiction in which its business is conductedconducted except where the failure to so qualify would not reasonably be expected to result in a Material Adverse Effect. The execution, delivery and performance of all Loan Documents executed by Borrower are within Borrower's ’s powers and have been duly authorized by all necessary corporate action on the Board of Directors of Borrower and do not require any consent or approval of the stockholders part of Borrower.
Appears in 1 contract
Corporate Existence, Power and Authorization. Borrower and each Subsidiary is duly organized, validly existing and in good standing under the laws of the the. state of its organization, and is duly qualified to conduct business in each jurisdiction in which its business is conducted. The execution, delivery and performance of all Loan Documents executed by Borrower are within Borrower's powers and have been duly authorized by the Board of Directors of Borrower and do not require any consent or approval of the stockholders of Borrower.duly
Appears in 1 contract
