Organization; Capitalization. Borrower is a corporation duly organized, validly existing and in good standing under the laws of the state of California and has all requisite corporate power and authority to own its property and to carry on its business as now being conducted.
Appears in 7 contracts
Samples: Credit Agreement (Biotime Inc), Credit Agreement (Biotime Inc), Revolving Line of Credit Agreement (Biotime Inc)
Organization; Capitalization. Borrower is a corporation duly organized, validly existing and in good standing under the laws of the state of California and has all requisite corporate power and authority to own its property and to carry on its business as now being conducted.. 1.7.2
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