Common use of Due Organization Clause in Contracts

Due Organization. The Borrower is a limited liability company duly organized and validly existing under the laws of the State of Delaware, with full power and authority to own and operate its assets and properties, conduct the business in which it is now engaged and to execute and deliver and perform its obligations under this Agreement and the other Facility Documents to which it is a party.

Appears in 30 contracts

Samples: Credit and Security Agreement (BILL Holdings, Inc.), Credit and Security Agreement (Sezzle Inc.), Credit and Security Agreement (Bill.com Holdings, Inc.)

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Due Organization. The Borrower is a limited liability company duly organized formed and validly existing under the laws of the State of Delaware, with full power and authority to own and operate its assets and properties, conduct the business in which it is now engaged and to execute and deliver and perform its obligations under this Agreement and the other Facility Documents to which it is a party.

Appears in 3 contracts

Samples: Credit and Security Agreement (Business Development Corp of America), Credit and Security Agreement (Business Development Corp of America), Credit and Security Agreement (Business Development Corp of America)

Due Organization. The Borrower is a limited liability company duly organized and validly existing under the laws of the State of Delaware, with full power and authority to own and operate its assets and properties, conduct the business in which it is now engaged and to execute and deliver and perform its obligations under this Agreement and the other Facility Documents to which it is a party.. (b)

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Monroe Capital Income Plus Corp), Credit Agreement (Newtek Business Services Corp.)

Due Organization. The Borrower is a limited liability company duly organized and validly existing under the laws Laws of the State of Delaware, with full power and authority to own and operate its assets and properties, conduct the business in which it is now engaged and to execute and deliver and perform its obligations under this Agreement and the other Facility Documents to which it is a party.

Appears in 2 contracts

Samples: Credit Agreement (Main Street Capital CORP), Credit and Security Agreement (Main Street Capital CORP)

Due Organization. The Borrower is a limited liability company statutory trust duly organized and validly existing under the laws of the State of Delaware, with full power and authority to own and operate its assets and properties, conduct the business in which it is now engaged and to execute and deliver and perform its obligations under this Agreement and the other Facility Documents to which it is a party.

Appears in 2 contracts

Samples: Credit and Security Agreement (Upstart Holdings, Inc.), Revolving Credit and Security Agreement (Upstart Holdings, Inc.)

Due Organization. The Borrower is a Delaware limited liability company duly organized and validly existing under the laws of the State of Delawarecompany, with full power and authority to own and operate its assets and properties, conduct the business in which it is now engaged and to execute and deliver and perform its obligations under this Agreement and the other Facility Documents to which it is a party.

Appears in 2 contracts

Samples: Credit and Security Agreement (Oxford Square Capital Corp.), Credit and Security Agreement (TICC Capital Corp.)

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Due Organization. The Borrower is a limited liability company duly organized and validly existing limited liability company under the laws of Delaware and has the power and authority to own its assets and to conduct the business that it conducts; the Borrower is in good standing under the laws of the State jurisdiction of Delaware, with full power its organization or formation and authority is duly qualified to own and operate its assets and properties, conduct the do business in all jurisdictions in which it is now engaged and to execute and deliver and perform the nature of its obligations under this Agreement and the other Facility Documents to which it is a partyactivities requires such qualification.

Appears in 2 contracts

Samples: Note Purchase Agreement (Acquicor Management LLC), Note Purchase Agreement (Acquicor Management LLC)

Due Organization. The Borrower is a limited liability company duly organized and validly existing under the laws of the State of Delaware, with full power and authority to own and operate its assets and properties, conduct the business in which it is now engaged and to execute and deliver and perform its obligations under this Agreement and the other Facility Documents to which it is a party.Agreement;

Appears in 1 contract

Samples: Master Sale and Contribution Agreement (TPG Specialty Lending, Inc.)

Due Organization. The Borrower is a limited liability company corporation, duly organized and organized, validly existing and in good standing under the laws of the State of Delaware, with full power and authority to own and operate its assets and properties, conduct the business in which it is now engaged and to execute and deliver and perform its obligations under this Agreement and the other Facility Program Documents to which it is a party.

Appears in 1 contract

Samples: Credit and Security Agreement (Highland Distressed Opportunities, Inc.)

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