Common use of Existence; Subsidiaries Clause in Contracts

Existence; Subsidiaries. The Borrower is a corporation duly incorporated, validly existing and in good standing under the laws of Nevada and in good standing and qualified to do business in each other jurisdiction where its ownership or lease of Property or conduct of its business requires such qualification. Each Subsidiary of the Borrower is duly organized, validly existing, and in good standing under the laws of its jurisdiction of formation and in good standing and qualified to do business in each jurisdiction where its ownership or lease of Property or conduct of its business requires such qualification. As of the date of this Agreement, Schedule 4.01 sets forth the capital structure of the Borrower and the Subsidiaries of the Borrower.

Existence; Subsidiaries. The Borrower is a corporation duly incorporated, organized and validly existing and in good standing under the laws of Nevada and in good standing and qualified to do business in each other jurisdiction where its ownership or lease of Property or conduct of its business requires such qualification. Each Subsidiary of the Borrower is duly organized, validly existing, and in good standing under the laws of its jurisdiction of formation and in good standing and qualified to do business in each jurisdiction where its ownership or lease of Property or conduct of its business requires such qualification. As of the date of this Agreement, The Borrower has no Subsidiaries other than those listed on Schedule 4.01 sets forth the capital structure of the Borrower and the Subsidiaries of the Borrower4.01.