Common use of Organization and Qualification Clause in Contracts

Organization and Qualification. The Asset Representations Reviewer is duly organized and validly existing as a limited liability company in good standing under the laws of the State of Delaware. The Asset Representations Reviewer is qualified as a foreign limited liability company in good standing and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its properties or the conduct of its activities requires the qualification, license or approval, unless the failure to obtain the qualifications, licenses or approvals would not reasonably be expected to have a material adverse effect on the Asset Representations Reviewer’s ability to perform its obligations under this Agreement.

Appears in 282 contracts

Samples: Asset Representations Review Agreement (Honda Auto Receivables 2024-3 Owner Trust), Asset Representations Review Agreement (Honda Auto Receivables 2024-3 Owner Trust), Asset Representations Review Agreement (CarMax Auto Owner Trust 2024-3)

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Organization and Qualification. The Asset Representations Reviewer is duly organized and validly existing as a limited liability company in good standing under the laws of the State of Delaware. The Asset Representations Reviewer is qualified as a foreign limited liability company in good standing and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its properties or the conduct of its activities requires the qualification, license or approval, unless the failure to obtain the qualifications, licenses or approvals would not reasonably be expected to have a material adverse effect on the Asset Representations Reviewer’s ability to perform its obligations under this Agreement.

Appears in 178 contracts

Samples: Asset Representations Review Agreement (Toyota Auto Receivables 2024-C Owner Trust), Asset Representations Review Agreement (Toyota Auto Receivables 2024-C Owner Trust), Review Agreement (Mercedes-Benz Auto Lease Trust 2024-A)

Organization and Qualification. The Asset Representations Reviewer is duly organized and validly existing as a limited liability company in good standing under the laws of the State of Delaware. The Asset Representations Reviewer is qualified as a foreign limited liability company in good standing and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its properties or the conduct of its activities requires the qualification, license or approval, unless the failure to obtain the qualifications, licenses or approvals would not reasonably be expected to have a material adverse effect on the Asset Representations Reviewer’s ability to perform its obligations under this Agreement.

Appears in 119 contracts

Samples: Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2024-3), Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2024-3), Asset Representations Review Agreement (AmeriCredit Automobile Receivables Trust 2024-1)

Organization and Qualification. The Asset Representations Reviewer is duly organized and validly existing as a limited liability company in good standing under the laws of the State of Delaware. The Asset Representations Reviewer is qualified as a foreign limited liability company in good standing and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its properties or the conduct of its activities requires the qualification, license or approval, unless the failure to obtain the qualifications, licenses or approvals would not reasonably be expected to have a material adverse effect on the Asset Representations Reviewer’s ability to perform its obligations under this Agreement.

Appears in 69 contracts

Samples: Asset Representations Review Agreement (Nissan Auto Receivables 2024-a Owner Trust), Asset Representations Review Agreement (Nissan Auto Receivables 2024-a Owner Trust), Asset Representations Review Agreement (NISSAN AUTO RECEIVABLES Co II LLC)

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Organization and Qualification. The Asset Representations Reviewer is duly organized and validly existing as a limited liability company in good standing under the laws of the State of Delaware. The Asset Representations Reviewer is qualified as a foreign limited liability company in good standing and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its properties or the conduct of its activities requires the qualification, license or approval, unless the failure to obtain the qualifications, licenses or approvals would not reasonably be expected to have a material adverse effect on the Asset Representations Reviewer’s 's ability to perform its obligations under this Agreement.

Appears in 24 contracts

Samples: Asset Representations Review Agreement (Ford Credit Auto Lease Trust 2024-B), Asset Representations Review Agreement (Ford Credit Auto Lease Trust 2024-B), Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2024-B)

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