Common use of World Clause in Contracts

World. NM is a corporation duly incorporated, validly existing and in good standing under the laws of the State of New Mexico, has the corporate power and authority to execute and perform the Subsidiary Security Agreement and the Subsidiary Senior Guaranty Agreement and is

World. NM is a corporation duly incorporated, validly existing and in good standing under the laws of the State of New Mexico, has the corporate power and authority to execute and perform the Subsidiary Security Agreement and the Subsidiary Senior Guaranty Agreement and isSubordinated Guaranty