Organization and Good Standing, etc. Servicer has been duly organized and is validly existing and in good standing under the laws of its state of organization, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business are presently conducted. Servicer is duly licensed or qualified to do business as a foreign entity in good standing in the jurisdiction where its principal place of business and chief executive office are located and in each other jurisdiction in which the failure to be so licensed or qualified would be reasonably likely to have a Material Adverse Effect.
Organization and Good Standing, etc. The Issuer has been duly organized and is validly existing and in good standing under the Laws of the State of Delaware, with power and authority to own its properties and to conduct its respective businesses as such properties are presently owned and such business is presently conducted. The Issuer is not organized under the Laws of any other jurisdiction or Governmental Authority. The Issuer is duly licensed or qualified to do business as a foreign entity in good standing in the jurisdiction where its principal place of business and chief executive office is located and in each other jurisdiction in which the failure to be so licensed or qualified would be reasonably likely to have a Material Adverse Effect.
Organization and Good Standing, etc. Each of Borrower and Master Servicer has been duly organized and is validly existing and in good standing under the laws of its state of organization, with power and authority to own their respective properties and to conduct their respective businesses as such properties are presently owned and such businesses are presently conducted. Each of Borrower and Master Servicer is duly licensed or qualified to do business as a foreign entity in good standing in the jurisdiction where its principal place of business and chief executive office are located and in each other jurisdiction in which the failure to be so licensed or qualified has had, or would be reasonably likely to have a Material Adverse Effect.
Organization and Good Standing, etc. Each of the Borrower, GWG DLP Funding II, LLC, Subsidiaries, and the Master Trusts has been duly organized and is validly existing and in good standing under the laws of the State of Delaware (and is not organized under the laws of any other jurisdiction or Governmental Authority), with power and authority to own their respective properties and to conduct their respective businesses as such properties are presently owned and such businesses are presently conducted. Each of the Borrower, GWG DLP Funding II, LLC, Subsidiaries, and the Master Trusts is duly licensed or qualified to do business as a foreign entity in good standing in the jurisdiction where its principal place of business and chief executive office are located and in each other jurisdiction in which the failure to be so licensed or qualified would be reasonably likely to have a Material Adverse Effect.
Organization and Good Standing, etc. Borrower has been duly organized and is existing as a limited liability company in good standing under the laws of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted. Borrower is duly licensed or qualified to do business and is in good standing in (a) the State of Delaware and (b) each other jurisdiction in which the failure to be so licensed or qualified would be reasonably likely to have a Material Adverse Effect.
Organization and Good Standing, etc. Seller has been -------------------------------------- duly organized and is validly existing as a corporation in good standing under the laws of its state of incorporation, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted. It is duly licensed or qualified to do business as a foreign corporation in good standing in the jurisdiction where its principal place of business and chief executive office are located and in each other jurisdiction in which the failure to be so licensed or qualified would be reasonably likely to have a Material Adverse Effect.
Organization and Good Standing, etc. The Servicer (i) is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware, (ii) is duly qualified to do business and is in good standing as a foreign entity (or is exempt from such requirements) in 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, and (iii) has all requisite power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, enter into this Agreement and to carry out the transactions contemplated hereby.
Organization and Good Standing, etc. OF EWINX. Xxinx xx a corporation duly organized, validly existing and in good standing under the laws of the State of Ohio and has all requisite corporate power and authority to own and lease its properties and to carry on its business as presently conducted and as proposed to be conducted. Ewinx xx registered or qualified to transact business as a foreign corporation and in good standing (including tax good standing) in each jurisdiction in which the property owned or leased by Ewinx xx the conduct of its business requires such registration or qualification. Except for its limited partnership interests in the Partnerships, as of the Corporate Merger Effective Date, Ewinx xxxl not own, beneficially or of record, any other material asset or any shares or capital stock of, or hold any other equity interest in, any Person. The copies of Ewinx'x Xxxicles of Incorporation and Code of Regulations which have been furnished to Summit include all amendments made thereto at any time prior to the date of this Agreement and are correct and complete. The corporate minute books of Ewinx xxx accurate as to their content and include therein the Articles of Incorporation and Code of Regulations of Ewinx xxxh any amendments thereto; the meetings of the directors or stockholders referred to therein were duly called and held; the signatures appearing on all documents contained in such minute books are the true signatures of the persons purporting to have executed the same; and no minutes of meetings or written consents of the directors or stockholders of Ewinx xxx omitted from such minute books which would contain any resolutions or other actions which would (i) be inconsistent with any of the representations and warranties contained in Article 7 hereof, (ii) relate to any merger, consolidation, liquidation or dissolution of Ewinx, xx (iii) prevent or limit any of the transactions contemplated by this Agreement.
Organization and Good Standing, etc. OF PARTNERSHIP. Such Partnership is a limited partnership duly formed, validly existing and, if applicable, in good standing under the laws of the State of Texas and has all requisite partnership power and authority to own and lease its properties and to carry on its business as presently conducted and as proposed to be conducted. Such Partnership does not own, beneficially or of record, any shares or capital stock of, or hold any other equity interest in, any Person. The copies of such Partnership's Certificate of Limited Partnership and limited partnership agreement which have been furnished to Summit include all amendments made thereto at any time prior to the date of this Agreement and are correct and complete.
Organization and Good Standing, etc. OF EWINX XXXITED PARTNERS THAT ARE ENTITIES. If such Ewinx Xxxited Partner is a legal entity, such Ewinx Xxxited Partner is duly formed, validly existing and, if applicable, in good standing under the laws of the jurisdiction of its formation and has all requisite power and authority to own and lease its properties and to carry on its business as presently conducted and as proposed to be conducted.
