Common use of Due Qualification Clause in Contracts

Due Qualification. The Seller shall be duly qualified to do business as a foreign corporation in good standing, and shall have obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of property or the conduct of its business shall require such qualifications and where the failure to so qualify will have a material adverse effect on the ability of the Seller to conduct its business or perform its obligations under this Agreement.

Due Qualification. The Seller Purchaser shall be duly qualified to do business as a foreign corporation limited liability company in good standing, and shall have obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of property or the conduct of its business shall require such qualifications and where the failure to so qualify will have a material adverse effect on the ability of the Seller Purchaser to conduct its business or perform its obligations under this Agreement.

Due Qualification. The Seller shall be duly qualified to do business as a foreign corporation in good standing, and shall have obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of property or the conduct of its business shall require such qualifications and where the failure to so qualify will have a material adverse effect on the ability of the Seller to conduct its business or perform its obligations under this Agreementqualifications.

Due Qualification. The Seller shall be is duly qualified to do business as a foreign corporation in good standing, and shall have has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of property or the conduct of its business shall require such qualifications and qualifications, licenses or approvals (except where the failure to so qualify will or obtain such licenses and approvals would not be reasonably likely to have a material adverse effect on the ability of the Seller to conduct its business Seller's business, operations, assets, revenues or perform its obligations under this Agreementproperties).

Due Qualification. The Seller shall be duly qualified to do business as a foreign corporation in good standing, and shall have obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of property or the conduct of its business shall require such qualifications and qualifications, except where the failure to be so qualify will qualified or to have obtained such licenses or approvals would not have a material adverse effect on the ability of the Seller to conduct its business or perform its obligations under transactions contemplated by this Agreement.

Due Qualification. The Seller shall be is duly qualified to do business as a foreign corporation in good standing, and shall have has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of property or the conduct of its business shall require such qualifications and where the failure to do so qualify will have a material adverse effect on would materially and adversely affect the ability ownership or servicing of the Seller to conduct its business Receivables or perform its obligations under this Agreementrender any of the Receivables unenforceable.

Due Qualification. The Seller shall be is duly qualified to do business as a foreign corporation in good standing, and shall have has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of property or the conduct of its business (including the origination, sale and servicing of the Receivables as required by this Agreement) shall require such qualifications and where the failure to so qualify will have a material adverse effect on the ability of the Seller to conduct its business or perform its obligations under this Agreementqualifications.

Due Qualification. The Seller Purchaser shall be duly qualified to do business as a foreign corporation in good standing, and shall have obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of property or the conduct of its business shall require such qualifications and where the failure to so qualify will have a material adverse effect on the ability of the Seller Purchaser to conduct its business or perform its obligations under this Agreement.

Due Qualification. The Seller shall be duly ----------------- qualified to do business as a foreign corporation in good standing, and shall have obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of property or the conduct of its business shall require such qualifications and qualifications, except where the failure to be so qualify will qualified or to have obtained such licenses or approvals would not have a material adverse effect on the ability of the Seller to conduct its business or perform its obligations under transactions contemplated by this Agreement.

Due Qualification. The Seller shall be is duly qualified to do business and is in good standing as a foreign corporation in good standing(or is exempt from such requirements), and shall have has obtained or will obtain all necessary licenses and approvals approvals, in all jurisdictions each jurisdiction in which the ownership or lease of property or the conduct of its business shall require such qualifications and where the failure to so qualify will or to obtain such licenses and approvals would have a material adverse effect on the its ability of the Seller to conduct its business or perform its obligations under this Agreementhereunder.

Due Qualification. The Seller shall be is duly qualified to do business as a foreign corporation limited liability company in good standing, and shall have has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of property or the conduct of its business shall require such qualifications and where the failure to so qualify will have a material adverse effect on the ability of the Seller to conduct its business or perform its obligations under this Agreementqualifications.

Due Qualification. The Seller shall be is duly qualified to do business as a foreign corporation in good standing, and shall have has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business shall require requires such qualifications and where the failure to so qualify will have a material adverse effect on the ability of the Seller to conduct its business qualifications, licenses or perform its obligations under this Agreementapprovals.

Due Qualification. The Seller shall be is duly qualified to do business as a foreign corporation in good standing, and shall have has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business shall require requires such qualifications and qualifications, licenses or approvals (except where the failure to so qualify will and to obtain such licenses and approvals would not be reasonably likely to have a material adverse effect on the ability of the Seller to conduct its business Seller's business, operations, assets, revenues, properties or perform its obligations under this Agreementprospects).

Due Qualification. The Seller shall be is duly qualified to do business as a foreign corporation in good standing, and shall have has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of property or the conduct of its business (including the origination of the Samco Receivables as required by the Pooling and Servicing Agreement) shall require such qualifications and where the failure to so qualify will have a material adverse effect on the ability of the Seller to conduct its business or perform its obligations under this Agreementqualifications.

Due Qualification. The Seller shall be is duly qualified to do business as a foreign corporation in good standing, standing and shall have has obtained all necessary licenses and approvals in all jurisdictions each jurisdiction in which the ownership or lease of property or the conduct of its business shall require such qualifications and where the failure to so qualify will have a material adverse effect on or to obtain such licenses and approvals would, in the ability reasonable judgment of the Seller, materially and adversely affect the performance by the Seller to conduct its business or perform of its obligations under under, or the validity or enforceability of, this Agreement, the Indenture, the Trust Agreement, any of the other Transaction Documents, the Contracts or the Notes.

Due Qualification. The Seller shall be is duly qualified to do business as a foreign corporation in good standing, standing and shall have has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of property or the conduct of its business shall require such qualifications and where the failure to do so qualify will have a material adverse effect on would materially and adversely affect the ability validity or enforceability of the Seller Receivables and the Other Conveyed Property or the Seller's ability to conduct its business or perform its obligations hereunder and under this Agreementthe other Basic Documents to which it is a party.

Due Qualification. The Seller shall be duly qualified to do business as a foreign corporation in good standing, and shall have obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of property or the conduct of its business shall require such qualifications and where the failure to so qualify will have a material adverse effect on the ability of the Seller to conduct its business or perform its obligations under this Agreement.. (iii)

Due Qualification. The Seller shall be Buyer is duly qualified to do business as a foreign corporation in good standing, and shall have has obtained all necessary licenses and approvals in all jurisdictions jurisdictions, in which the ownership or lease of its property or the conduct of its business shall require requires such qualifications and where qualification except to the extent that the failure to so qualify will comply therewith would not have a material adverse effect on the ability of the Seller Material Adverse Effect with respect to conduct its business or perform its obligations under this AgreementBuyer.

Due Qualification. The Seller shall be is duly qualified to do business as a foreign corporation in good standing, and shall have has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of property or the conduct of its business shall require such qualifications and where the failure to do so qualify will would have a material adverse effect on the ability of the Seller to conduct its business or perform its obligations under the transaction contemplated in this Agreement.

Due Qualification. The Seller shall be is duly qualified to do business as a foreign corporation in good standing, and shall have has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of property or the conduct of its business (including the servicing of the Receivables as required by the Pooling and Servicing Agreement) shall require such qualifications and where the failure to so qualify will have a material adverse effect on the ability of the Seller to conduct its business or perform its obligations under this Agreementqualifications.

Due Qualification. The Seller shall be duly qualified to do business as a foreign corporation in good standing, standing (to the extent the failure to so qualify could have a material adverse effect on it or on the Receivables or the transactions contemplated hereby) and shall have obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of property or the conduct of its business business, including the undertakings under this Agreement, shall require such qualifications and where the failure to so qualify will have a material adverse effect on the ability of the Seller to conduct its business qualifications, licenses or perform its obligations under this Agreementapprovals.

Due Qualification. The Seller shall be is duly qualified to do business as a foreign corporation in good standing, and shall have has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of property or the conduct of its business (including the servicing of the Receivables as required by the [Sale and Servicing Agreement] [Pooling and Servicing Agreement]) shall require such qualifications and where the failure to so qualify will have a material adverse effect on the ability of the Seller to conduct its business or perform its obligations under this Agreementqualifications.

Due Qualification. The Each Seller shall be is duly qualified to do business and is in good standing as a foreign corporation in good standing(or is exempt from such requirements), and shall have has obtained all necessary licenses and approvals approvals, in all jurisdictions each jurisdiction in which the ownership or lease of property or the conduct of its business shall require such qualifications and where the failure to so qualify will or to obtain such licenses and approvals would have a material adverse effect on the its ability of the Seller to conduct its business or perform its obligations under this Agreementhereunder.