Common use of Organizational Status Clause in Contracts

Organizational Status. The Borrower is a corporation duly formed and in good standing under the laws of the State of Minnesota.

Appears in 9 contracts

Samples: Credit Agreement (Datalink Corp), Credit Agreement (Biosensor Corp), Credit Agreement (Everest Medical Corporation)

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Organizational Status. The Borrower is a corporation duly formed and in good standing under the laws of the State of Minnesota.

Appears in 1 contract

Samples: Term Loan and Credit Agreement (Winland Electronics Inc)

Organizational Status. The Borrower is a corporation Corporation duly formed and in good standing under the laws of the State of Minnesota.

Appears in 1 contract

Samples: Credit Agreement (Research Inc /Mn/)

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Organizational Status. The Borrower is a corporation duly formed organized and in good standing under the laws of the State of Minnesota.

Appears in 1 contract

Samples: Credit Agreement (Sportsmans Guide Inc)

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