Existence and Power; Name; Chief Executive Office Sample Clauses

Existence and Power; Name; Chief Executive Office. Inventory and Equipment Locations; Federal Employer Identification Number and Organizational Identification Number 26 Section 5.2 Capitalization 27 Section 5.3 Authorization of Borrowing; No Conflict as to Law or Agreements 27 Section 5.4 Legal Agreements 27 Section 5.5 Subsidiaries 28 Section 5.6 Financial Condition; No Adverse Change 28 Section 5.7 Litigation 28 Section 5.8 Regulation U 28 Section 5.9 Taxes 28 Section 5.10 Titles and Liens 28 Section 5.11 Intellectual Property Rights 28 Section 5.12 Plans 29 Section 5.13 Default 30 Section 5.14 Environmental Matters 30 Section 5.15 Submissions to Lender 31 Section 5.16 Financing Statements 31 Section 5.17 Rights to Payment 31 Section 5.18 Financial Solvency 31 ARTICLE VI COVENANTS 32 Section 6.1 Reporting Requirements 32 Section 6.2 Financial Covenants 35 Section 6.3 Permitted Liens; Financing Statements 35 Section 6.4 Indebtedness 36 Section 6.5 Guaranties 36 Section 6.6 Investments and Subsidiaries 36 Section 6.7 Dividends and Distributions 37 Section 6.8 Salaries 37 Section 6.9 Reserved 37 Section 6.10 Books and Records; Collateral Examination, Inspection and Appraisals 37 Section 6.11 Account Verification 38 Section 6.12 Compliance with Laws 38 Section 6.13 Payment of Taxes and Other Claims 39 Section 6.14 Maintenance of Properties 39 Section 6.15 Insurance 39 Section 6.16 Preservation of Existence 39 Section 6.17 Delivery of Instruments, etc. 39 Section 6.18 Sale or Transfer of Assets; Suspension of Business Operations 39 Section 6.19 Consolidation and Merger; Asset Acquisitions 40 Section 6.20 Sale and Leaseback 40 Section 6.21 Restrictions on Nature of Business 40 Section 6.22 Accounting 40 Page Section 6.23 Discounts, etc. 40 Section 6.24 Plans 40 Section 6.25 Place of Business; Name 41 Section 6.26 Constituent Documents; S Corporation Status 41 Section 6.27 Performance by the Lender 41 Section 6.28 Bank Accounts 41 ARTICLE VII EVENTS OF DEFAULT, RIGHTS AND REMEDIES 42 Section 7.1 Events of Default 42 Section 7.2 Rights and Remedies 44 Section 7.3 Certain Notices 45 ARTICLE VIII MISCELLANEOUS 45
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Existence and Power; Name; Chief Executive Office. The Borrower is duly incorporated, validly existing and in good standing under the laws of the Nevada, and is or has undertaken all reasonable steps to become duly licensed or qualified to transact business in all jurisdictions where the character of the property owned or leased or the nature of the business transacted by it makes such licensing or qualification necessary and where failure to obtain such licensing or qualification would have a material adverse effect on the Borrower. The Borrower has all requisite power and authority, to conduct its business, to own its properties and to execute and deliver, and to perform the Obligations. Within the last twelve (12) months, the Borrower has done business only under its name as specified herein. The chief executive office and principal place of business of the Borrower are located at the address set forth in Section 9.4, and all of the Borrower's records relating to its businesses are kept at that location.
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Existence and Power; Name; Chief Executive Office. The Borrower is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization and is duly licensed or qualified to transact business in all jurisdictions where the character of the property owned or leased or the nature of the business transacted by it makes such licensing or qualification necessary and where failure to obtain such licensing or qualification would have a Material Adverse Effect. The Borrower has all requisite power and authority, to conduct its business, to own its properties and to execute and deliver, and to perform all of its obligations under, the Loan Documents. Within the last twelve (12) months, the Borrower has done business only under its name as specified herein. The chief executive office and principal place of business of the Borrower is located at the address set forth in Section 9.4, and all of the Borrower’s records relating to its businesses are kept at that location. The Borrower’s federal employer identification number is 00-0000000.
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Existence and Power; Name; Chief Executive Office. The Borrower is a duly organized limited liability company, validly existing and in good standing under the laws of the jurisdiction of its organization and is or has undertaken all reasonable steps to become duly licensed or qualified to transact business in all jurisdictions where the character of the property owned or leased or the nature of the business transacted by it makes such licensing or qualification necessary and where failure to obtain such licensing or qualification would have a material adverse effect on the Borrower. The Borrower has all requisite power and authority, to conduct its business, to own its properties and to execute and deliver, and to perform the Obligations. Within the last twelve (12) months, the Borrower has done business only under its name as specified herein. The chief executive office and principal place of business of the Borrower is located at the address set forth in Section 9.4, and all of the Borrower's records relating to its businesses are kept at that location.
Sample 1
Existence and Power; Name; Chief Executive Office. Inventory and Equipment Locations; Federal Employer Identification Number and -------------------------------------------------------------------------------- Organizational Identification Number. Parent, RCPC and RAI are corporations, -------------------------------------- duly organized, validly existing and in good standing under the laws of the State of New Jersey and are duly licensed or qualified to transact business in all jurisdictions where the character of the property owned or leased or the nature of the business transacted by it makes such licensing or qualification necessary, except where failure so to be licensed or qualified would not have a Material Adverse Effect. Ronson Canada is a corporation, duly organized, validly existing and in good standing under the laws of the Province of Ontario and is duly licensed or qualified to transact business in all jurisdictions where the character of the property owned or leased or the nature of the business transacted by it makes such licensing or qualification necessary, except where failure so to be licensed or qualified would not have a Material Adverse Effect. Each Loan Party has all requisite power and authority to conduct its business, to own its properties and to execute and deliver, and to perform all of its obligations under, the Loan Documents. During the seven (7) years preceding the Funding Date, each Loan Party has done business solely under the names set forth in Schedule 5.1. Each Loan Party's chief executive office and principal place of business is located at the address set forth in Schedule 5.1, and all of the Loan Party's records relating to its business or the Collateral are kept at that location. All Inventory and Equipment is located at that location or at one of the other locations listed in Schedule 5.1. The Loan Party's federal employer identification number and organization identification number are correctly set forth in Section 3.6.
Sample 1
Existence and Power; Name; Chief Executive Office. Inventory and Equipment Locations; Federal Employer Identification Number and Organizational Identification Number. MISONIX INC. is a corporation, duly organized, validly existing and in good standing under the laws of the State of New York and is duly licensed or qualified to transact business in all jurisdictions where the character of the property owned or leased or the nature of the business transacted by it makes such licensing or qualification necessary. Acoustic Marketing Research, Inc. is a corporation, duly organized, validly existing and in good standing under the laws of the State of Colorado and is duly licensed or qualified to transact business in all jurisdictions where the character of the property owned or leased or the nature of the business transacted by it makes such licensing or qualification necessary. Hearing Innovations Incorporated is a corporation, duly organized, validly existing and in good standing under the laws of the State of Delaware and is duly licensed or qualified to transact business in all jurisdictions where the character of the property owned or leased or the nature of the business transacted by it makes such licensing or qualification necessary. The Borrowers have all requisite power and authority to conduct their businesses, to own their properties and to execute and deliver, and to perform all of their obligations under, the Loan Documents. During their existence, the Borrowers have done business solely under the names set forth in Schedule 5.1. The Borrowers' chief executive offices and principal places of business are located at the addresses set forth in Schedule 5.1, and all of the Borrowers' records relating to their businesses or the Collateral are kept at such locations. All Inventory and Equipment is located at such locations or at one of the other locations listed in Schedule 5.1. The Borrowers' federal employer identification numbers and organization identification numbers are correctly set forth in Section 3.6.
Sample 1
Existence and Power; Name; Chief Executive Office. The Borrower is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization and is duly licensed or qualified to transact business in all jurisdictions where the character of the property owned or leased or the nature of the business transacted by it makes such licensing or qualification necessary and where failure to obtain such licensing or qualification would have a material adverse effect on the Borrower or its ability to perform its obligations hereunder. The Borrower has all requisite power and authority, to conduct its business, to own its properties and to execute and deliver, and to perform all of its obligations under, the Loan Documents. Within the last twelve (12) months, the Borrower has done business only under its name as specified herein. As of the Closing Date, the chief executive office and principal place of business of the Borrower is located at the address set forth in SECTION 9.4, and all of the Borrower's records relating to its businesses are kept at that location. The Borrower will not change its chief executive office or principal place of business without sixty (60) days prior written notice to the Lender. The Borrower's federal employer identification number is ____________.
Sample 1
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Existence and Power; Name; Chief Executive Office. Inventory and Equipment Locations; Federal Employer Identification Number Section 5.2. Capitalization
Sample 1

Related to Existence and Power; Name; Chief Executive Office

  • Jurisdiction of Organization; Chief Executive Office Such Grantor’s jurisdiction of organization, legal name and organizational identification number, if any, and the location of such Grantor’s chief executive office or sole place of business, in each case as of the date hereof, is specified on Schedule 3 and such Schedule 3 also lists all jurisdictions of incorporation, legal names and locations of such Grantor’s chief executive office or sole place of business for the five years preceding the date hereof.

  • Chief Executive Office; Jurisdiction of Organization Seller shall not move its chief executive office from the address referred to in Section 13(a)(17) or change its jurisdiction of organization from the jurisdiction referred to in Section 13(a)(17) unless it shall have provided Buyer 30 days’ prior written notice of such change.

  • Name; Location of Chief Executive Office Except as disclosed in the Schedule, Borrower has not done business under any name other than that specified on the signature page hereof. The chief executive office of Borrower is located at the address indicated in Section 10 hereof.

  • Corporate Organization and Power Each of the Borrower and its Subsidiaries (i) is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, (ii) has the full corporate power and authority to execute, deliver and perform the Credit Documents to which it is or will be a party, to own and hold its property and to engage in its business as presently conducted, and (iii) is duly qualified to do business as a foreign corporation and is in good standing in each jurisdiction where the nature of its business or the ownership of its properties requires it to be so qualified, except where the failure to be so qualified would not, individually or in the aggregate, be reasonably likely to have a Material Adverse Effect.

  • Chief Executive Office The chief executive office of Seller is located at 000 Xxxxxx Xxxxxx, Xxxxx 0000, Xxxx Xxxxx, Xxxxx 00000.

  • Chief Executive Office; Collateral Locations The chief executive office of Borrower and Borrower's Records concerning Accounts are located only at the address set forth below and its only other places of business and the only other locations of Collateral, if any, are the addresses set forth in the Information Certificate, subject to the right of Borrower to establish new locations in accordance with Section 9.2 below. The Information Certificate correctly identifies any of such locations which are not owned by Borrower and sets forth the owners and/or operators thereof and to the best of Borrower's knowledge, the holders of any mortgages on such locations.

  • Organization, Qualification and Power The Company is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation, and has all requisite corporate power and authority, and all governmental licenses, governmental authorizations, governmental consents and governmental approvals, required to carry on its business as now conducted and to own, lease and operate the assets and properties of the Company as now owned, leased and operated. The Company is duly qualified or licensed to do business as a foreign corporation and is in good standing in every jurisdiction in which the character or location of its properties and assets owned, leased or operated by the Company or the nature of the business conducted by the Company requires such qualification or licensing, except where the failure to be so qualified, licensed or in good standing in such other jurisdiction could not, individually or in the aggregate, have a Material Adverse Effect (as defined herein) on the Company. The Company has heretofore delivered to the Investors complete and accurate copies of its Articles of Incorporation and Bylaws, as currently in effect. The Company has previously delivered to the Investors a complete and accurate list of all jurisdictions in which the Company is qualified or licensed to do business as of the date hereof.

  • Organization and Powers Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

  • Organization, Good Standing and Power The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has the requisite corporate power and authority to own, lease and operate its properties and assets and to conduct its business as it is now being conducted. The Company and each Subsidiary is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, except for any jurisdiction in which the failure to be so qualified would not have a Material Adverse Effect.

  • Organization, Qualification and Corporate Power The Company is a corporation duly organized, validly existing and in corporate and tax good standing under the laws of the State of Delaware. The Company is duly qualified to conduct business and is in corporate and tax good standing under the laws of each jurisdiction in which the nature of its businesses or the ownership or leasing of its properties requires such qualification, except where the failure to be so qualified or in good standing, individually or in the aggregate, has not had and would not reasonably be expected to have a Company Material Adverse Effect (as defined below). The Company has all requisite corporate power and authority to carry on the businesses in which it is engaged and to own and use the properties owned and used by it. The Company has furnished or made available to the Parent complete and accurate copies of its certificate of incorporation and bylaws. The Company is not in default under or in violation of any provision of its certificate of incorporation, as amended to date, or its bylaws, as amended to date. For purposes of this Agreement, “Company Material Adverse Effect” means a material adverse effect on the assets, business, condition (financial or otherwise), results of operations or future prospects of the Company taken as a whole.

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