Common use of Entity Matters Clause in Contracts

Entity Matters. The Borrower is and shall remain a duly organized, validly existing corporation and shall have all requisite corporate power and authority to conduct its business and to own its property as the same is and shall be conducted or owned, and is and shall remain qualified to do business in all jurisdictions where the nature and extent of its business is or may be such that qualification is required by law, except where the failure to so qualify would not have a material and adverse effect on the Borrower, its properties or business, provided, however, that the Borrower may merge with any of its Affiliates or with any regulated water utility, without the Bank's consent, as long as the surviving entity shall have all of Borrower's obligations under the Related Documents. The execution of the Borrower Documents by the Borrower does not require any consent(s) which have not otherwise been obtained, whether of the Borrower's creditors or otherwise; and does not violate Borrower's certificate of incorporation, by-laws or similar documents or agreements of creation, governance, or management.

Appears in 1 contract

Sources: Reimbursement and Credit Agreement (Connecticut Water Service Inc / Ct)

Entity Matters. The Borrower is and shall remain a duly organized, validly existing corporation and shall have all requisite corporate power and authority to conduct its business and to own its property as the same is and shall be conducted or owned, and is and shall remain qualified to do business in all jurisdictions where the nature and extent of its business is or may be such that qualification is required by law, except where the failure to so qualify would not have a material and adverse effect on the Borrower, its properties or business, provided, however, that the Borrower may merge with any of its Affiliates or with any regulated water utility, without the Bank's ’s consent, as long as the surviving entity shall have all of Borrower's ’s obligations under the Related Documents. The execution of the Borrower Documents by the Borrower does not require any consent(s) which have not otherwise been obtained, whether of the Borrower's ’s creditors or otherwise; and does not violate Borrower's ’s certificate of incorporation, by-laws or similar documents or agreements of creation, governance, or management.

Appears in 1 contract

Sources: Reimbursement and Credit Agreement (Connecticut Water Service Inc / Ct)

Entity Matters. The Borrower is and shall remain a duly organized, validly existing corporation and shall have all requisite corporate power and authority to conduct its business and to own its property as the same is and shall be conducted or owned, and is and shall remain qualified to do business in all jurisdictions where the nature and extent of its business is or may be such that qualification is required by law, except where the failure to so qualify would not have a material and adverse effect on the Borrower, its properties or business, provided, however, that the Borrower may merge with any of its Affiliates or with any regulated water utility, without the Bank's consent, as long as the surviving entity shall have all of Borrower's obligations under the Related Documents. The execution of the Borrower Documents by the Borrower does not require any consent(s) which have not otherwise been obtained, whether of the Borrower's creditors or otherwise; and does not violate Borrower's certificate of incorporation, by-laws or similar documents or agreements of creation, governance, or management.. Exhibit 4.29

Appears in 1 contract

Sources: Reimbursement and Credit Agreement (Connecticut Water Service Inc / Ct)