Common use of Organization; Corporate Power Clause in Contracts

Organization; Corporate Power. The Company is a limited liability company, duly organized, validly existing and in good standing under the laws of the State of Delaware and has all requisite corporate power and authority to carry on its business as presently conducted and as proposed to be conducted. The Company has the authority to execute, deliver and perform its obligations under the Loan Documents.

Appears in 2 contracts

Samples: Security Agreement (Summit Semiconductor Inc.), Security Agreement (Summit Semiconductor Inc.)

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Organization; Corporate Power. The Company is a limited liability companycorporation, duly organized, validly existing and in good standing under the laws of the State of Delaware and has all requisite corporate power and authority to carry on its business as presently conducted and as proposed to be conducted. The Company has the authority to execute, deliver and perform its obligations under the Loan Documents.

Appears in 1 contract

Samples: Security Agreement (Summit Semiconductor Inc.)

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Organization; Corporate Power. The Company is a limited liability company, corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and Delaware. The Company has all requisite corporate power to execute and authority deliver this Agreement and the Note and to carry on its business as presently conducted and as proposed to be conducted. The Company has the authority to execute, deliver out and perform its obligations under the Loan Documentsterms of this Agreement and the Note.

Appears in 1 contract

Samples: Note Purchase Agreement (Exabyte Corp /De/)

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