Common use of Duly Organized Clause in Contracts

Duly Organized. Each Borrower is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, and has the full power and authority to execute, deliver and perform this Agreement.

Appears in 2 contracts

Sources: Forbearance Agreement (Foothills Resources Inc), Credit Agreement (Foothills Resources Inc)

Duly Organized. Each The Borrower is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, and has the full power and authority to execute, deliver and perform this AgreementAgreement and to perform the Credit Agreement and the Fee Letter, as amended hereby.

Appears in 1 contract

Sources: Credit Agreement (Baseline Oil & Gas Corp.)

Duly Organized. Each Borrower is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organizationstate in which it was organized and formed, whether by incorporation, partnership, limited liability company, or otherwise, without limitation, and has the full power and authority to execute, deliver perform its obligations under this Agreement and perform this Agreementthe other Loan Documents.

Appears in 1 contract

Sources: Limited Forbearance Agreement (Furrs Restaurant Group Inc)

Duly Organized. Each Borrower is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, and has the full power and authority to execute, deliver and perform this Agreement and to perform the Credit Agreement, as amended hereby.

Appears in 1 contract

Sources: Limited Waiver to Credit Agreement and Amendment to Third Amendment to Credit Agreement and Amended and Restated Forbearance Agreement (Foothills Resources Inc)