Borrower Organization. Each Borrower that is an entity is organized under the laws of a state of the United States of America.
Borrower Organization. Each Borrower and each of FHH’s subsidiaries (collectively, the “Borrower Group”) (i) has been duly organized and is validly existing as a corporation in good standing under the laws of the jurisdiction of its incorporation with full power and authority (corporate and other) to own, lease and operate its properties and conduct its business as described in the SEC Documents; (ii) is duly qualified to do business as a foreign corporation and is in good standing in each jurisdiction in which the ownership or leasing of its respective properties or the conduct of its respective business requires such qualification, except where the failure to be so qualified or be in good standing would not have a material adverse effect on the financial condition, results of operations, properties, projects or business of the Borrower Group taken as a whole (a “Material Adverse Effect”); (iii) is in possession of, and operating in compliance with, all authorizations, licenses, certificates, consents, orders and permits from government authorities that are material to the conduct of its business, all of which are valid and in full force and effect.
Borrower Organization. Borrower is a Colorado corporation, duly organized and incorporated and validly existing and in good standing under the laws of its state of organization, is qualified to do business in, and is in good standing under the laws of, each state in which it carries on business, and has all requisite corporate power and authority to carry on its business as now conducted, to enter into, deliver and perform this Agreement and the other Loan Documents, to make and deliver the Notes and to perform its obligations under each Loan Document to which the Borrower is a party. Borrower holds all certificates of authority, licenses and permits necessary to carry on its business as presently conducted (a) in each jurisdiction in which Collateral owned by it is located, and (b) in each other jurisdiction in which it is carrying on such business, except where the failure to hold such certificates, licenses or permits would not have a material adverse effect on the business, operations, property, assets or condition, financial or otherwise, of the Borrower.
Borrower Organization. (i) Borrower is an entity of the type, and is organized under the laws of the jurisdiction, specified in the preamble hereto. Borrower’s name as shown in the preamble hereto is the full exact name that appears in Borrower’s organizational documents. If Borrower is a registered organization, Borrower’s name as shown in the preamble hereto is as shown on the public organic record most recently filed with or issued or enacted by Borrower’s jurisdiction of organization which purports to state, amend, or restate Borrower’s name. If Borrower is an organization but not a registered organization, if it has only one place of business that place of business is at Borrower’s address indicated in
Borrower Organization. Borrower is duly organized, validly existing and in good standing (if applicable) under the laws of the jurisdiction of its organization or formation, and Borrower is duly qualified to transact business and holds all licenses, registrations or other approvals (or is otherwise exempt), in each other jurisdiction in which the conduct of Borrower's business requires such qualification, licenses, registrations or other approvals. Borrower will continuously maintain its existence and good standing (ff applicable) under the laws of the Jurisdiction of its organization or formation, and Borrower will continuously maintain its qualification to transact business and all licenses, registrations or other approvals (unless otherwise exempt), in each other jurisdiction in which the conduct of Borrowers business requires such qualification, licenses, registrations or other approvals.
Borrower Organization. Borrower FRP Development Corp. is a corporation, duly organized, validly existing and in good standing under the laws of the State of Maryland. Borrower FRP Manassas LLC is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Maryland, and is qualified to transact business in the State of Virginia. Borrowers have full power and authority to conduct their business as presently conducted, to acquire the Property, to enter into this Agreement and the other Loan Documents, and to perform all of their duties and obligations thereunder. Such execution and performance have been duly authorized pursuant to the Borrowers’ organizational documents.
Borrower Organization. Lender is a natural person and has the full power and authority to: (i) enter into and execute the Loan Documents and to perform all of its obligations hereunder and thereunder; and (ii) own and operate its assets and properties and to conduct and carry on its business as and to the extent now conducted.
Borrower Organization. Borrower is a duly formed limited liability company under the laws of the State of Delaware, validly existing and in good standing under the laws of the State of Delaware, and has full power and authority to execute and deliver to Lender this Agreement and all other Loan Documents to which it is a party, and to own and operate the Premises and perform the obligations and carry out the duties imposed upon Borrower by this Agreement and the other Loan Documents. All Loan Documents to be executed by Borrower have been duly authorized, approved, executed and delivered by all necessary parties and constitute the legal, valid and binding obligations of Borrower, enforceable against Borrower in accordance with their respective terms. Borrower is authorized to do business in the State of Hawaii and is not required by applicable law to be authorized to do business in any other jurisdiction. The only member in Borrower is Member. The structural chart of Borrower set forth on Schedule F annexed hereto is true, complete and correct in all respects. No Person other than those Persons shown on Schedule F annexed hereto has any Ownership Interest in, or right to control, directly or indirectly, Borrower.
Borrower Organization. Borrower is a limited partnership, duly formed, existing and in good standing under the laws of the State of Delaware, with full and adequate powers to carry on and conduct its business as presently conducted. Borrower is duly licensed or qualified in all foreign jurisdictions wherein the nature of its activities require such qualification or licensing. The exact legal name of Xxxxxxxx is as set forth in the first paragraph of this Agreement, and Xxxxxxxx does not currently conduct, nor has Borrower during the last five (5) years conducted, business under any other name or trade name other than formerly known as IPC Alternative Assets Operating Partnership, LP, a Delaware limited partnership.
Borrower Organization. Borrower is duly organized and existing in good standing under the laws of the state of its organization and is duly qualified in the state where the Land is located to own, construct and operate the Improvements. Borrower has the authority and the legal right to carry on the business now being conducted by it and to engage in the transactions contemplated by the Loan Documents.
