Common use of Organization of Borrower Clause in Contracts

Organization of Borrower. Each Borrower is a corporation duly formed and existing under the laws of the state where organized.

Appears in 5 contracts

Samples: Business Loan Agreement (Educational Medical Inc), Business Loan Agreement (Educational Medical Inc), Business Loan Agreement (Educational Medical Inc)

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Organization of Borrower. Each The Borrower is a corporation duly formed and existing under the laws of the state where organized.. 6.2

Appears in 2 contracts

Samples: Secured Business Loan Agreement (Greg Manning Auctions Inc), California Water Service Co

Organization of Borrower. Each entity comprising Borrower is a corporation duly formed and validly existing under the laws of the state where organizedtheir respective states of incorporation. Each entity comprising Borrower has full and adequate corporate power to carry on and conduct its business as presently conducted.

Appears in 1 contract

Samples: Loan and Security Agreement (QC Holdings, Inc.)

Organization of Borrower. Each The Borrower is a corporation duly ------------------------ formed and existing under the laws of the state where organized.

Appears in 1 contract

Samples: Business Loan Agreement (Prolong International Corp)

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Organization of Borrower. Each The Borrower is a corporation duly formed and existing under the laws of the state where organized.. 5.2

Appears in 1 contract

Samples: Agreement (United Bancorp /Or/)

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