CORPORATION IN GOOD STANDING. Borrower has complied in all material respects with all laws necessary to conduct its business as presently conducted and Borrower is a corporation (i) duly organized, validly existing and in good standing in Delaware, (ii) in good standing and qualified to do business in the jurisdiction where such Borrower's principal place of business is located and (iii) in good standing and qualified to do business in all other jurisdictions to the extent necessary for Borrower to conduct its business as presently conducted in such jurisdictions.
Appears in 2 contracts
Sources: Convertible Loan and Security Agreement (Covol Technologies Inc), Convertible Loan and Security Agreement (Pacificorp /Or/)