Common use of Due Qualification Clause in Contracts

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company in good standing, and has obtained all necessary licenses and approvals in each jurisdiction where any such failure to do so would materially and adversely affect the Purchaser’s ability to perform its obligations under and consummate the transactions contemplated by the Basic Documents.

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company corporation in good standing, and has obtained all necessary licenses and approvals in each jurisdiction where any all jurisdictions in which the ownership or lease of property or the conduct of its business shall require such failure to do so would materially and adversely affect the Purchaser’s ability to perform its obligations under and consummate the transactions contemplated by the Basic Documentsqualifications.

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company in good standing, and has obtained all necessary licenses and approvals in each jurisdiction where any in which such failure to do so would materially and adversely affect qualification, license or approval is necessary for the Purchaser’s ability to perform performance of its obligations under and consummate consummation of the transactions contemplated by the Basic Documents.

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company statutory trust in good standing, and has obtained all necessary licenses and approvals in each jurisdiction where any all jurisdictions in which the ownership or lease of property or the conduct of its activities requires such qualification, license or approval, unless the failure to do so obtain such qualifications, licenses or approvals would materially and adversely affect not reasonably be expected to have a material adverse effect on the Purchaser’s ability to perform its obligations under and consummate the transactions contemplated by the Basic Documentsthis Agreement.

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company in good standing, and has obtained all necessary licenses and approvals in each jurisdiction where any all jurisdictions in which the ownership or lease of property or the conduct of its activities requires such qualification, license or approval, unless the failure to do so obtain such qualifications, licenses or approvals would materially and adversely affect not reasonably be expected to have a material adverse effect on the Purchaser’s ability to perform its obligations under and consummate the transactions contemplated by the Basic Documentsthis Agreement.

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company corporation in good standing, and has obtained all necessary licenses and approvals approvals, in each jurisdiction where any all jurisdictions in which the ownership or lease of property or the conduct of its business shall require such failure to do so would materially and adversely affect the Purchaser’s ability to perform its obligations under and consummate the transactions contemplated by the Basic Documentsqualifications.

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company business trust in good standing, and has obtained all necessary licenses and approvals approvals, in each jurisdiction where any all jurisdictions in which the ownership or lease of property or the conduct of its business shall require such failure to do so would materially and adversely affect the Purchaser’s ability to perform its obligations under and consummate the transactions contemplated by the Basic Documentsqualifications.

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company corporation in good standing, and has obtained all necessary licenses and approvals approvals, in each jurisdiction where any all jurisdictions in which the ownership or lease of property or the conduct of its business shall require such failure to do so would materially and adversely affect the Purchaser’s ability to perform its obligations under and consummate the transactions contemplated by the Basic Documentsqualification.

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company in good standing, standing and has obtained all necessary licenses and approvals in each jurisdiction where any such in which the failure to do so would qualify or to obtain such licenses and approvals would, in the reasonable judgment of the Purchaser, materially and adversely affect the Purchaser’s ability to perform performance by the Purchaser of its obligations under and consummate under, or the transactions contemplated by the Basic Documentsvalidity or enforceability of, this Agreement.

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company in good standing, and has obtained all necessary licenses and approvals in each jurisdiction where any all jurisdictions in which the ownership or lease of property or the conduct of its business shall require such failure to do so would materially and adversely affect the Purchaser’s ability to perform its obligations under and consummate the transactions contemplated by the Basic Documentsqualifications.

Due Qualification. The Purchaser Buyer is duly qualified to do business and is in good standing as a foreign limited liability company in good standingcorporation (or is exempt from such requirements), and has obtained or will obtain all necessary licenses and approvals approvals, in each jurisdiction where any such in which failure to do so qualify or to obtain such licenses and approvals would materially and adversely affect the Purchaser’s have a material adverse effect on its ability to perform its obligations hereunder or under and consummate the transactions contemplated by the Basic DocumentsSale Papers.

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company corporation in good standing, and has obtained all necessary licenses and approvals approvals, in each jurisdiction where any all jurisdictions in which the ownership or lease of its property or the conduct of its business shall require such failure to do so would materially and adversely affect the Purchaser’s ability to perform its obligations under and consummate the transactions contemplated by the Basic Documentsqualifications.

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company in good standing, and has obtained all necessary material licenses and approvals approvals, in each jurisdiction all jurisdictions in which the ownership or lease of its property or the conduct of its business shall require such qualifications, except where any such the failure to do be so qualified or to have obtained such licenses or approvals would materially and adversely affect not have a material adverse effect on the Purchaser’s ability to perform its obligations under and consummate the transactions contemplated by the Basic Documents's earnings, business affairs or business prospects.

Due Qualification. The Purchaser Buyer is duly qualified to do business as a foreign limited liability company in good standing, and has obtained all necessary licenses and approvals approvals, in each jurisdiction where any all jurisdictions in which the ownership or lease of property or the conduct of its business requires such failure to do so would materially and adversely affect the Purchaser’s ability to perform its obligations under and consummate the transactions contemplated by the Basic Documents.qualification;

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company in good standing, and has obtained all necessary licenses and approvals approvals, in each jurisdiction all jurisdictions where any such the failure to do so would materially and adversely affect the Purchaser’s ability to perform its obligations under and consummate acquire the transactions contemplated by Conveyed Assets or the Basic Documentsvalidity or enforceability of the Conveyed Assets.

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company corporation in good standing, and has obtained all necessary licenses and approvals in each jurisdiction all jurisdictions where any such the failure to do so would materially and adversely affect the Purchaser’s 's ability to acquire the Mortgage Loans or the Other Conveyed Property or the validity or enforceability of the Mortgage Loans and the Other Conveyed Property or to perform its Purchaser's obligations hereunder and under and consummate the transactions contemplated by the Basic Related Documents.

Due Qualification. The Purchaser is duly qualified (except where the failure to be so qualified would not have a Material Adverse Effect) to do business as a foreign limited liability company partnership in good standing, and has obtained all necessary licenses (except to the extent that such failure to obtain such licenses is inconsequential) and approvals in each jurisdiction where any all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such failure to do so would materially and adversely affect the Purchaser’s ability to perform its obligations under and consummate the transactions contemplated by the Basic Documentsqualification, licenses and/or approvals.

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company in good standing, and has obtained all necessary licenses and approvals in each jurisdiction where any such the failure to do so would materially and adversely affect the Purchaser’s ability to perform its obligations under and consummate the transactions contemplated by the Basic Documents.

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company corporation in good standing, and has obtained all necessary licenses and approvals in each jurisdiction all jurisdictions where any such the failure to do so would materially and adversely affect the validity or enforceability of the Receivables and the Other Conveyed Property, or Purchaser’s ability to acquire the Receivables or the Other Conveyed Property or to perform its obligations under and consummate the transactions contemplated by the Basic Documentshereunder.

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company corporation in good standing, standing and has obtained all necessary licenses and approvals in each jurisdiction all jurisdictions where any such the failure to do so would materially and adversely affect the Purchaser’s 's ability to acquire the Receivables and the Other Conveyed Property or the validity or enforceability of the Receivables and the Other Conveyed Property or to perform its the Purchaser's obligations under and consummate the transactions contemplated by the Basic Documentshereunder.

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company in good standing, and has obtained all necessary licenses and approvals approvals, in each jurisdiction where any all jurisdictions in which the ownership or lease of its property or the conduct of its business shall require such failure to do so would materially and adversely affect the Purchaser’s ability to perform its obligations under and consummate the transactions contemplated by the Basic Documentsqualifications.

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company in good standing, and has obtained all necessary licenses and approvals in each jurisdiction all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification, licenses or approvals, except where any such failure to do so would materially and adversely affect the Purchaser’s ability to perform its obligations under and consummate the transactions contemplated by the Basic Documentsnot cause a Material Adverse Effect.

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company corporation in good standing, and has obtained all necessary licenses and approvals in each jurisdiction all jurisdictions where any such the failure to do so would materially and adversely affect the Purchaser’s 's ability to perform its obligations under and consummate acquire the transactions contemplated by Receivables or the Basic Documentsother Purchased Property or the validity or enforceability of the Receivables or the other Purchased Property.

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company [corporation] in good standing, and has obtained all necessary licenses and approvals in each jurisdiction where any all jurisdictions, in which the ownership or lease of property or the conduct of its business requires such qualification except to the extent that the failure to do so comply therewith would materially and adversely affect not have a material adverse effect with respect to the Purchaser’s ability to perform its obligations under and consummate the transactions contemplated by the Basic Documents.

Due Qualification. The Purchaser is duly qualified (except where the failure to be so qualified would not have a Material Adverse Effect) to do business as a foreign limited liability company in good standing, and has obtained all necessary licenses (except to the extent that such failure to obtain such licenses is inconsequential) and approvals in each jurisdiction where any all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such failure to do so would materially and adversely affect the Purchaser’s ability to perform its obligations under and consummate the transactions contemplated by the Basic Documentsqualification, licenses and/or approvals.

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company in good standing, and has obtained all necessary licenses and approvals in each jurisdiction where any such failure all jurisdictions in which the ownership or lease of property or the conduct of its business (including, without limitation, the purchase of Receivables from CPS, the pledge of Collateral to do so would materially the Trustee for the benefit of the Note Purchaser and adversely affect the Purchaser’s ability Noteholders pursuant to perform the Indenture, and the performance of its other obligations under this Agreement and consummate the transactions contemplated by the each other Basic DocumentsDocument) shall require such qualifications.

Due Qualification. The Purchaser is (A) duly qualified to do business and is in good standing as a foreign limited liability company in good standingeach jurisdiction where such qualification is necessary in order to perform its duties hereunder, and (B) has obtained all necessary licenses and approvals in each jurisdiction where any such failure to do so would materially as required under federal and adversely affect the Purchaser’s ability state law that are necessary to perform its obligations under duties hereunder and consummate the transactions contemplated by the Basic Documents.(C) is in compliance with its organizational documents;

Due Qualification. The Purchaser Buyer is duly qualified to do business and is in good standing as a foreign limited liability company in good standingcorporation (or is exempt from such requirements), and has obtained or will obtain all necessary licenses and approvals approvals, in each jurisdiction where any such in which failure to do so qualify or to obtain such licenses and approvals would materially and adversely affect the Purchaser’s have a material adverse effect on its ability to perform its obligations under and consummate the transactions contemplated by the Basic DocumentsSale Papers.

Due Qualification. The Purchaser is duly qualified to do business ----------------- as a foreign limited liability company corporation in good standing, and has obtained all necessary licenses and approvals in each jurisdiction where any such the failure to do so would materially and adversely affect have a material adverse effect on the validity or enforceability of or the Purchaser’s ability 's performance under this Agreement or the other Basic Documents to perform its obligations under and consummate which it is a party or the transactions contemplated by validity or enforceability of the Basic DocumentsContracts.

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company corporation in good standing, standing and has obtained all necessary licenses and approvals in each jurisdiction where any such in which the failure to do so would qualify or to obtain such licenses and approvals would, in the reasonable judgment of the Purchaser, materially and adversely affect the Purchaser’s ability to perform performance by the Purchaser of its obligations under and consummate under, or the transactions contemplated by the Basic Documentsvalidity or enforceability of, this Agreement.

Due Qualification. The Purchaser Buyer is duly qualified to do business and is in good standing as a foreign limited liability company in good standing(or is exempt from such requirements), and has obtained or will obtain all necessary licenses and approvals approvals, in each jurisdiction where any such in which failure to do so qualify or to obtain such licenses and approvals would materially and adversely affect the Purchaser’s have a material adverse effect on its ability to perform its obligations hereunder or under and consummate the transactions contemplated by the Basic DocumentsSale Papers.

Due Qualification. The Purchaser is duly qualified to do ----------------- business as a foreign limited liability company [corporation] in good standing, and has obtained all necessary licenses and approvals in each jurisdiction where any all jurisdictions, in which the ownership or lease of property or the conduct of its business requires such qualification except to the extent that the failure to do so comply therewith would materially and adversely affect not have a material adverse effect with respect to the Purchaser’s ability to perform its obligations under and consummate the transactions contemplated by the Basic Documents.

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company in good standing, and has obtained all necessary licenses and approvals in each jurisdiction where any all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such failure to do so would materially and adversely affect the Purchaser’s ability to perform its obligations under and consummate the transactions contemplated by the Basic Documentsqualification, licenses and/or approvals.

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company in good standing, standing and has obtained all necessary required licenses and approvals approvals, if any, in each jurisdiction where any all jurisdictions in which the ownership or lease of property or the conduct of its business requires such qualifications except those jurisdictions in which failure to do be so qualified would materially and adversely affect not have a material adverse effect on the business or operations of the Purchaser or the Purchaser’s ability to perform its obligations under and consummate the transactions contemplated by the Basic Documentsperformance hereunder.

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company company, is in good standing, and has obtained all necessary licenses and approvals in each jurisdiction all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification and where any such the failure to do so would materially and adversely affect the Purchaser’s ability to acquire the Receivables or to perform its the Purchaser’s obligations under and consummate the transactions contemplated by the Basic Documentshereunder.

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company corporation in good standing, and has obtained all necessary licenses and approvals in each jurisdiction all jurisdictions in which the ownership or lease of property or the conduct of its business shall require such qualifications, except where any the failure of the Purchaser to so qualify or obtain such failure to do so licenses or approvals would materially and adversely not have a material adverse affect on the Purchaser’s ability to perform its obligations under and consummate , the transactions contemplated by the Basic DocumentsTrust or any Receivable.

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company in good standing, and has obtained all necessary licenses and approvals in each jurisdiction all jurisdictions where any such the failure to do so would materially and adversely affect the Purchaser’s 's ability to perform its obligations under and consummate acquire the transactions contemplated by Receivables or the Basic Documentsvalidity or enforceability of the Receivables.

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company in good standing, and has obtained all necessary licenses and approvals in each jurisdiction where any such failure all jurisdictions in which the ownership or lease of property or the conduct of its business (including, without limitation, (i) the purchase of Receivables from CPS, (ii) the pledge of Collateral to do so would materially the Collateral Agent for the benefit of the Secured Parties pursuant to the Security Agreement, and adversely affect (iii) the Purchaser’s ability to perform performance of its other obligations under this Agreement and consummate the transactions contemplated by the Basic Documentseach other Loan Document) shall require such qualifications.

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company corporation in good standing, and has obtained all necessary licenses and approvals in each jurisdiction all jurisdictions in which the ownership or lease of property or the conduct of its business shall require such qualifications, 2 3 except where any the failure of the Purchaser to so qualify or obtain such failure to do so licenses or approvals would materially and adversely not have a material adverse affect on the Purchaser’s ability to perform its obligations under and consummate , the transactions contemplated by the Basic Documents.Trust or any Receivable. (c)

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company corporation in good standing, and has obtained all necessary licenses and approvals in each jurisdiction all jurisdictions where any such the failure to do so would materially and adversely affect the Purchaser’s ability to perform its obligations under and consummate acquire the transactions contemplated by Receivables or the Basic Documentsother Purchased Property or the validity or enforceability of the Receivables or the other Purchased Property.

Due Qualification. The Purchaser is duly qualified to do business as a foreign limited liability company in good standing, and has obtained all necessary licenses and approvals approvals, in each jurisdiction where any all jurisdictions in which the ownership or lease of property or the conduct of its business shall require such failure to do so would materially and adversely affect the Purchaser’s ability to perform its obligations under and consummate the transactions contemplated by the Basic Documentsqualification.

Due Qualification. The Purchaser is shall be duly qualified to do business as a foreign limited liability company in good standing, and has shall have obtained all necessary licenses and approvals in each jurisdiction all jurisdictions in which the ownership or lease of property or the conduct of its business shall require such qualifications and where any such the failure to do so would materially and adversely affect qualify will have a material adverse effect on the Purchaser’s ability of the Purchaser to conduct its business or perform its obligations under and consummate the transactions contemplated by the Basic Documents.this Agreement. (iii)