Common use of Organization and Good Standing, etc Clause in Contracts

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. 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 an Adverse Effect.

Organization and Good Standing, etc. Servicer has been -------------------------------------- duly organized and is validly existing and as a corporation in good standing under the laws of its state of organizationincorporation, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business are is presently conducted. Servicer It is duly licensed or qualified to do business as a foreign entity 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. Servicer has been duly organized and is validly existing and as a corporation in good standing under the laws of its state of organizationincorporation, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business are is presently conducted. Servicer It is duly licensed or qualified to do business as a foreign entity 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.