Common use of Due Qualification and Good Standing Clause in Contracts

Due Qualification and Good Standing. The Seller is in good standing in the State of Maryland. The Seller is duly qualified to do business and, to the extent applicable, is in good standing and has obtained all material governmental licenses and approvals as required in Maryland and each other jurisdiction in which the failure to be so qualified, maintain good standing or obtain such license or approval, is likely to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Loan Sale and Contribution Agreement (AB Private Credit Investors Corp), Master Loan Sale and Contribution Agreement (AB Private Credit Investors Corp), Master Loan Sale and Contribution Agreement (AB Private Credit Investors Corp)

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Due Qualification and Good Standing. The Seller is in good standing in the State of Maryland. The Seller Maryland and it is duly qualified to do business andand has obtained all necessary licenses and approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification, licenses and/or approvals, except, in each case, to the extent applicable, is in good standing and has obtained all material governmental licenses and approvals as required in Maryland and each other jurisdiction in which that the failure to do so could not be so qualified, maintain good standing or obtain such license or approval, is likely reasonably expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Purchase and Contribution Agreement (Capitala Finance Corp.), Purchase and Sale Agreement (Pennantpark Investment Corp), Purchase and Sale Agreement (Pennantpark Investment Corp)

Due Qualification and Good Standing. The Seller is in good standing in the State of Maryland. The Seller is duly qualified to do business and, to the extent applicable, is in good standing and has obtained all material governmental licenses and approvals as required in Maryland and each other jurisdiction in which the nature of its business, assets and properties, including the performance of its obligations under this Agreement, the other Transaction Documents to which it is a party and its Organic Documents, requires such qualification, except where the failure to be so qualified, maintain qualified or in good standing or obtain such license or approval, is likely could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Sale, Contribution and Master Participation Agreement (Flat Rock Capital Corp.)

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Due Qualification and Good Standing. The Seller is in good standing in the State of Maryland. The Seller is duly qualified to do business and, to the extent applicable, is in good standing and has obtained all material governmental licenses and approvals as required in Maryland and each other jurisdiction in which the nature of its business, assets and properties, including the performance of its obligations under this Agreement, the other Facility Documents to which it is a party and its Constituent Documents, requires such qualification, except where the failure to be so qualified, maintain qualified or in good standing or obtain such license or approval, is likely could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Sale and Contribution Agreement (Business Development Corp of America)

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