Common use of Incorporation and Good Standing Clause in Contracts

Incorporation and Good Standing. The Borrower is a company duly incorporated and validly existing under the laws of its jurisdiction of incorporation and is qualified to carry on its activities in each jurisdiction in which it carries on its activities.

Incorporation and Good Standing. The Borrower is a company corporation duly incorporated and validly existing under the laws of its jurisdiction of incorporation and is qualified to carry on its activities in each jurisdiction in which it carries on its activities.