ORGANIZATION STATUS. Borrower (i) is duly organized under the laws of the State of Florida, and (ii) is in good standing under the laws of the State of Florida, and (iii) has stock outstanding which has been duly and validly issued.
Appears in 3 contracts
Sources: Revolving Loan Agreement, Revolving Loan Agreement (Superior Uniform Group Inc), Revolving Loan Agreement (Superior Uniform Group Inc)
ORGANIZATION STATUS. Borrower (i) is duly organized under the laws of the State of Florida, and (ii) is in good standing under the laws of the State of Florida, and (iii) is qualified to do business in the State of Florida, and (iv) has stock outstanding membership interests which has have been duly and validly issued.
Appears in 2 contracts
Sources: Loan and Security Agreement (ARC Group, Inc.), Loan Agreement (ARC Group, Inc.)
ORGANIZATION STATUS. Borrower (i) is a corporation duly organized under the laws of the State of Florida, and (ii) is in good standing under the laws of the State of Florida, and (iii) is qualified to do business under the laws of the State of Florida, and (iv) has outstanding shares of stock outstanding which has have been duly and validly issued.
Appears in 1 contract