Common use of Organization; Legal Status Clause in Contracts

Organization; Legal Status. Borrower and the General Partners are each duly organized, validly existing and in good standing under the laws of its state of formation and Borrower; (a) is duly qualified to transact business and is in good standing in the state where the Property is located; and (b) has all necessary approvals, governmental and otherwise, and full power and authority to own, operate and lease the Property and otherwise carry on its business as now conducted and proposed to be conducted. Borrower’s correct legal name is set forth on the first page of this Loan Agreement. Borrower is a “registered organization” within the meaning of the UCC and Borrower’s organization identification number issued by its state of organization is correctly stated on the signature page to this Loan Agreement.

Organization; Legal Status. Borrower and the General Partners are each is duly organized, validly existing and in good standing under the laws of its state of formation and Borrower; formation: (a) is duly qualified to transact business and is in good standing in the state where the Property is located; and (b) has all necessary approvals, governmental and otherwise, and full power and authority to own, operate and lease the Property and otherwise carry on its business as now conducted and proposed to be conducted. Borrower’s correct legal name is set forth on the first page of this Loan Agreement. Borrower is a “registered organization” within the meaning of the UCC and Borrower’s organization identification number issued by its state of organization is correctly stated on the signature page to this Loan Agreement.

Organization; Legal Status. Borrower and the General Partners are each is duly organized, validly existing and in good standing under the laws of its state of formation formation; and Borrower; (a) is duly qualified to transact business and is in good standing in the state where the Property is located; and (b) has all necessary approvals, governmental and otherwise, and full power and authority to own, operate and lease the Property and otherwise carry on its business as now conducted and proposed to be conducted. Borrower’s correct legal name is set forth on the first page of this Loan Agreement. Borrower is a “registered organization” within the meaning of the UCC and Borrower’s organization identification number issued by its state of organization is correctly stated on the signature page to this Loan Agreement.

Organization; Legal Status. Borrower and the General Partners Partner are each duly organized, validly existing and in good standing under the laws of its state of formation and Borrower; (a) is duly qualified to transact business and is in good standing in the state where the Property is located; and (b) has all necessary approvals, governmental and otherwise, and full power and authority to own, operate and lease the Property and otherwise carry on its business as now conducted and proposed to be conducted. Borrower’s 's correct legal name is set forth on the first page of this Loan Agreement. Borrower is a “"registered organization” " within the meaning of the UCC and Borrower’s 's organization identification number issued by its state of organization is correctly stated on the signature page to this Loan Agreement.

Organization; Legal Status. Each of Borrower and the General Partners are each Mortgage Borrower is duly organized, validly existing and in good standing under the laws of its state of formation and Borrower; formation: (a) is duly qualified to transact business and is in good standing in the state all jurisdictions where the Property is locatedrequired in order to conduct its business; and (b) has all necessary approvals, governmental and otherwise, and full power and authority to own, operate and lease the Property and otherwise carry on its business as now conducted and proposed to be conducted. Borrower’s correct legal name is set forth on the first page of this Loan Agreement. Borrower is a “registered organization” within the meaning of the UCC and Borrower’s organization identification number issued by its state of organization is correctly stated on the signature page to this Loan Agreement.