Licensing/Qualification Sample Clauses

The Licensing & Qualification clause establishes the requirement that parties involved in the agreement must possess and maintain all necessary licenses, permits, and professional qualifications relevant to the work or services being provided. In practice, this means that a contractor, for example, must hold valid trade licenses or certifications as required by law or industry standards throughout the duration of the contract. This clause ensures that only properly qualified and legally authorized individuals or entities perform the contracted work, thereby reducing the risk of non-compliance with regulations and safeguarding the quality and legality of the services rendered.
Licensing/Qualification. Broker and each of its employees or agents is, as applicable, (i) duly licensed or approved to act as a mortgage loan originator and conduct all activities contemplated by this Agreement in each applicable jurisdiction for which it submits a Package and (ii) duly qualified or authorized to do business (in good standing) in or with each applicable jurisdiction or Agency. To the extent required by applicable federal and/or state laws, rules, and/or regulations, Broker and Broker’s agents have and will maintain an NMLS Registration and all qualifications and licenses necessary to act as a mortgage loan originator, as defined under the SAFE Act, and to undertake the transactions contemplated by this Agreement. Notwithstanding the foregoing, Broker shall not be required to maintain licensure to the extent such federal and/or state laws do not require Broker to be licensed including but not limited to laws related to submitting business purpose Loans to ARC HOME.
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Licensing/Qualification. Under the law of the Borrower's Country, neither the Lender nor Eximbank will, by reason of their entering into the Borrower Documents and performing their obligations and enforcing their rights thereunder: (i) be required to be qualified, licensed or otherwise entitled to do business in the Borrower's Country, or be required to comply with any requirement as to foreign registration or qualification in the Borrower's Country; (ii) be subject to taxation in the Borrower's Country; or (iii) be required to make any filing with any court or other governmental authority in the Borrower's Country prior to any enforcement of any of the Borrower Documents or performance of any of the transactions contemplated by the Borrower Documents. FORM OF OPINION OF GUARANTOR'S COUNSEL A-5 (CA) Annex D We have been and are acting as counsel for _______________ ("Guarantor"). You have requested our opinion as to certain matters concerning the Credit Agreement (the "Agreement") dated as of _______________, among the Borrower, _______________, as Lender, Guarantor and the Export-Import Bank of the United States. Terms not otherwise defined in this opinion shall have the meanings assigned to them in the Agreement. In connection with this opinion, we have reviewed such matters of law, and have examined originals, or copies identified to our satisfaction, of such agreements, corporate records, public records, communications of public officials and other documents and instruments, as we have considered necessary or appropriate. Based upon the foregoing we are of the opinion that:
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Licensing/Qualification. Under the law of the Guarantor's Country, neither the Lender nor Eximbank will, by reason of their entering into the Borrower Documents and performing their obligations and enforcing their rights thereunder: (i) be required to be qualified, licensed or otherwise entitled to do business in the Guarantor's Country, or be required to comply with any requirement as to foreign registration or qualification in the Guarantor's Country; (ii) be subject to taxation in the Guarantor's Country; or (iii) be required to make any filing with any court or other governmental authority in the Guarantor's Country prior to any enforcement of any of the Borrower Documents or performance of any of the transactions contemplated by the Borrower Document.
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Licensing/Qualification. Under the law of the Lessee’s Country, neither the Lessor nor Ex-Im Bank will, by reason of their entering into the Lease Documents, performing their obligations, and enforcing their rights thereunder: (i) be required to be qualified, licensed, or otherwise entitled to do business in the Lessee’s Country, or be required to comply with any requirement as to foreign registration or qualification in the Lessee’s Country; (ii) be subject to taxation in the Lessee’s Country; or (iii) be required to make any filing with any court or other Governmental Authority in the Lessee’s Country prior to any enforcement of any of the Lease Documents or performance of any of the transactions contemplated by the Lease Documents.
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Licensing/Qualification. Under the law of the Lessee’s Country, neither the Lessor nor Ex-Im Bank will, by reason of their entering into the Lease Documents, performing their obligations, and enforcing their rights thereunder: (i) be required to be qualified, licensed, or otherwise entitled to do business in the Lessee’s Country, or be required to comply with any requirement as to foreign registration or qualification in the Lessee’s Country; (ii) be subject to taxation in the Lessee’s Country; or (iii) be required to make any filing with any court or other Governmental Authority in the Lessee’s Country prior to any enforcement of any of the Lease Documents or performance of any of the transactions contemplated by the Lease Documents. ANNEX F FORM OF EX-IM BANK APPROVAL OF FORM OF LEASE AGREEMENT1 [Lessor] [Address of Lessor] Re: MGA No. -F Ex-Im Bank Transaction No. - [Country] Ladies and Gentlemen: The Export-Import Bank of the United States (“Ex-Im Bank”) hereby approves the Form of Lease Agreement and Lease Supplement attached hereto to be used under the Master Guarantee Agreement – Finance Lease (Medium Term Credits – Electronic Compliance Program), dated as of , as amended from time to time (the “MGA”) between [Lessor] and Ex-Im Bank on the basis set forth below. - Lessee’s Country: - Governing Law:2 - Type of Lease [indicate one]: [None/List any conditions, such as registration, payment of taxes, etc., that are advisable in light of the opinions contained in the opinion letter.] This approval is only effective for the type of lease indicated above. No changes shall be permitted to the form of the Lease Agreement and the Lease Supplement without further approval by Ex-Im Bank. Each Lease Agreement, as supplemented by the Lease Supplement, must contain all Required Lease Provisions. This approval is based upon the opinion letter of dated as of , that you have submitted with the form of Lease Agreement and Lease Supplement. If the legal basis for such legal opinion should change, you must submit to Ex-Im Bank the form of Lease Agreement and Lease Supplement, together with a new legal opinion in the form of Annex E to the MGA, for further approval. This approval will expire on the date three (3) years after the date of this approval. Responsible Division: Legal Division (Telephone: (▇-▇▇▇) ▇▇▇-▇▇▇▇; Facsimile: (▇-▇▇▇) ▇▇▇-▇▇▇▇) EXPORT-IMPORT BANK OF THE UNITED STATES 1 Attorney must ensure that all Required Lease Provisions are included and that, based upon the opinion of couns...
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Related to Licensing/Qualification

  • Upgrading Qualifications ‌ Where the Employer requires an employee to upgrade their skills or qualifications in order to operate or maintain new equipment, the cost of training and normal living and travel expenses as laid down in this agreement will be borne by the Employer.

  • Organization and Good Standing; Qualification The Seller has been duly organized and is validly existing as a limited liability company in good standing under the laws of the State of Delaware, with the power and authority to own or lease its properties and to conduct its activities as such properties are currently owned or leased and such activities are currently conducted.

  • Organization; Good Standing; Qualification The Company is duly incorporated, validly existing and in good standing under the laws of the State of Delaware and is qualified or registered to do business in each jurisdiction in which the nature of its business or operations requires such qualification or registration.

  • STAFF QUALIFICATIONS a) CONTRACTOR shall ensure that all individuals employed, contracted, and/or otherwise hired by CONTRACTOR to provide classroom and/or individualized instruction or related services hold a license, certificate, permit, or other document equivalent to that which staff in a public school are required to hold in the service rendered consistent with Education Code section 56366.1(n)(1) and are qualified pursuant to Title 5 of the California Code of Regulations sections 3064 and 3065. b) Only those NPS/A located outside of California that employ staff that hold a current valid credential or license to render special education and related services as required by that state shall be eligible to be certified. NPA/NPS staff shall be required to hold credentials and licenses within the state where they are providing services regardless of where the agency is located. c) When CONTRACTOR is a nonpublic school, NPS, an appropriately qualified person shall serve as curricular and instructional leader, and be able to provide leadership, oversight and professional development. The administrator of the NPS holds or is in the process of obtaining one of the following: (A) An administrative credential granted by an accredited postsecondary educational institution and two years of experience with pupils with disabilities.

  • Tax Qualification Each Employee Benefit Plan intended to be qualified under Section 401(a) of the Code has been determined to be so qualified by the Internal Revenue Service and nothing has occurred since the date of the last such determination which resulted or is likely to result in the revocation of such determination.