Common use of Organization and Authority Clause in Contracts

Organization and Authority. (a) The Borrower and each Subsidiary is a corporation duly organized and validly existing under the laws of the jurisdiction of its formation;

Appears in 15 contracts

Samples: Credit Agreement (Watsco Inc), Credit Agreement (Catalina Marketing Corp/De), Credit Agreement (Health Management Associates Inc)

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Organization and Authority. (ai) The the Borrower and each Subsidiary is a corporation corporation, limited liability company or partnership duly organized and validly existing under the laws of the jurisdiction of its formationincorporation or creation;

Appears in 10 contracts

Samples: Credit Agreement (Autonation, Inc.), Credit Agreement (Autonation, Inc.), Letter Agreement (Autonation, Inc.)

Organization and Authority. (a) The Borrower and each Subsidiary is a corporation or partnership duly organized and validly existing under the laws of the jurisdiction of its formation;

Appears in 9 contracts

Samples: Revolving Credit and Reimbursement Agreement (World Fuel Services Corp), Credit Agreement (Unicapital Corp), Credit Agreement (Roper Industries Inc /De/)

Organization and Authority. (ai) The the Borrower and each Subsidiary is a corporation legal entity duly organized or created and validly existing under the laws of the jurisdiction of its formationincorporation or creation;

Appears in 4 contracts

Samples: Credit Agreement (Saks Inc), Credit Agreement (Proffitts Inc), Credit Agreement (Saks Inc)

Organization and Authority. (a) The Each Borrower and each Subsidiary is a corporation duly organized and validly existing under the laws of the jurisdiction of its formationincorporation;

Appears in 3 contracts

Samples: Credit Agreement (Giant Cement Holding Inc), Credit Agreement (Giant Cement Holding Inc), Security Agreement (Giant Cement Holding Inc)

Organization and Authority. (a) The Borrower and each Material Subsidiary is a corporation duly organized and validly existing under the laws of the jurisdiction of its formationincorporation;

Appears in 3 contracts

Samples: Revolving Credit Agreement (Crown Crafts Inc), Revolving Credit Agreement (Crown Crafts Inc), Revolving Credit Agreement (Crown Crafts Inc)

Organization and Authority. (a) The Borrower and each Subsidiary is a corporation duly organized and validly existing under the laws of the jurisdiction of its formationincorporation;

Appears in 3 contracts

Samples: Bolle Credit Agreement (Bolle Inc), Security Agreement (Bec Group Inc), Credit Agreement (Bec Group Inc)

Organization and Authority. (a) The Borrower and each Subsidiary is a corporation corporation, partnership or limited liability company duly organized and validly existing under the laws of the jurisdiction of its formation;

Appears in 2 contracts

Samples: Credit Agreement (P F Changs China Bistro Inc), Credit Agreement (P F Changs China Bistro Inc)

Organization and Authority. (a) The Borrower and each Subsidiary is a corporation corporation, partnership or limited liability company duly organized and organized, validly existing and in good standing under the laws of the jurisdiction of its formation;.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Healthsouth Corp)

Organization and Authority. (a) The Borrower and each Subsidiary is a corporation corporation, partnership or other legal entity duly organized and validly existing under the laws of the jurisdiction of its formation;

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Gencorp Inc)

Organization and Authority. (a) The Borrower and each Subsidiary is a corporation corporation, limited liability company or partnership duly organized and validly existing under the laws of the jurisdiction of its formation;

Appears in 2 contracts

Samples: Credit Agreement (Insteel Industries Inc), Credit Agreement (Pepsiamericas Inc)

Organization and Authority. (ai) The Borrower the Borrower, the Parent and each Material Subsidiary is a corporation duly organized and validly existing under the laws of the jurisdiction of its formationincorporation or creation;

Appears in 1 contract

Samples: Credit Agreement (Gtech Holdings Corp)

Organization and Authority. (ai) The the Borrower and each Subsidiary is a corporation or partnership duly organized and validly existing under the laws of the jurisdiction of its incorporation or formation;

Appears in 1 contract

Samples: Credit and Reimbursement Agreement (Capstone Capital Corp)

Organization and Authority. (a) The Borrower and each Subsidiary is a corporation duly organized and validly existing under the laws of the jurisdiction of its incorporation, and each Subsidiary is a corporation or partnership duly organized and validly existing under the laws of the jurisdiction of its formation;

Appears in 1 contract

Samples: Credit Agreement (Medpartners Inc)

Organization and Authority. (a) The Borrower and each Material Subsidiary is a corporation duly organized and validly existing under the laws of the jurisdiction of its formation;

Appears in 1 contract

Samples: Credit Agreement (Kellwood Co)

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Organization and Authority. (ai) The the Borrower and each Subsidiary is a corporation legal entity duly organized and validly existing under the laws of the jurisdiction of its formationincorporation or creation;

Appears in 1 contract

Samples: Credit Facilities and Reimbursement Agreement (Proffitts Inc)

Organization and Authority. (a) The Each Borrower and each Subsidiary is a corporation duly organized and validly existing under the laws of the jurisdiction of its formation;

Appears in 1 contract

Samples: Term Loan Agreement (River Oaks Furniture Inc)

Organization and Authority. (a) The Parent, the Borrower and each Subsidiary is a corporation partnership duly organized and validly existing under the laws of the jurisdiction of its formation;

Appears in 1 contract

Samples: Credit Agreement (Gerald Stevens Inc/)

Organization and Authority. (ai) The each Borrower and each other Subsidiary is a corporation duly organized and validly existing under the laws of the jurisdiction of its formationincorporation or creation;

Appears in 1 contract

Samples: Credit Facilities and Reimbursement Agreement (Greenfield Industries Inc /De/)

Organization and Authority. (a) The Borrower Borrower, the Parent and each Subsidiary is a corporation duly organized and validly existing under the laws of the jurisdiction of its formation;

Appears in 1 contract

Samples: Credit Agreement (Windmere Durable Holdings Inc)

Organization and Authority. (ai) The the Borrower and each Subsidiary is a corporation duly organized and validly existing under the laws of the jurisdiction of its formationincorporation;

Appears in 1 contract

Samples: Loan and Reimbursement Agreement (Vitas Healthcare Corp)

Organization and Authority. (a) The Borrower and each Significant Subsidiary is a corporation duly organized and validly existing under the laws of the jurisdiction of its formation;

Appears in 1 contract

Samples: Guaranty Agreement (Data General Corp)

Organization and Authority. (ai) The the Borrower and each Subsidiary is a corporation duly organized and validly existing under the laws of the jurisdiction of its formationincorporation or creation;

Appears in 1 contract

Samples: Credit Facilities and Reimbursement Agreement (Republic Industries Inc)

Organization and Authority. (a) The Borrower and each Subsidiary is a corporation corporation, limited liability company, partnership or other organizational entity, as the case may be, duly organized and validly existing under the laws of the jurisdiction of its formation;

Appears in 1 contract

Samples: Credit Agreement (Omnova Solutions Inc)

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