Common use of Organization of Borrowers Clause in Contracts

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

Appears in 10 contracts

Samples: Business Loan Agreement (Bebe Stores Inc), Business Loan Agreement (Ashworth Inc), Plan and Trust Agreement (California Water Service Group)

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

Appears in 1 contract

Samples: Business Loan Agreement (Ashworth Inc)

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

Appears in 1 contract

Samples: Business Loan Agreement (Media Arts Group Inc)

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

Appears in 1 contract

Samples: Business Loan Agreement (Kinetics Group Inc)

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