Common use of Due Organization and Qualification Clause in Contracts

Due Organization and Qualification. Seller is duly organized, validly existing and in good standing under the laws of the jurisdiction under whose laws it is organized. Seller is duly qualified to do business, is in good standing and has obtained all necessary licenses, permits, charters, registrations and approvals necessary for the conduct of its business as currently conducted and the performance of its obligations under the Program Agreements except where any failure to obtain such a license, permit, charter, registration or approval would not cause or be likely to cause a Material Adverse Effect or impair the enforceability of any Purchased Asset.

Due Organization and Qualification. The Seller is duly organized, validly existing and in good standing under the laws of the jurisdiction under whose laws it is organized. The Seller is duly qualified to do business, is in good standing business and has obtained all necessary licenses, permits, charters, registrations and approvals necessary for the conduct of its business as currently conducted and the performance of its obligations under the Program Agreements Documents except where any failure to obtain such a license, permit, charter, registration or approval would will not cause or be likely to cause a Material Adverse Effect with respect to the Seller or impair the enforceability of any Purchased AssetLoan.

Due Organization and Qualification. Each Seller is duly organized, validly existing and in good standing under the laws of the jurisdiction under whose laws it is organized. Each Seller is duly qualified to do business, is in good standing and has obtained all necessary licenses, permits, charters, registrations and approvals necessary for the conduct of its business as currently conducted and the performance of its obligations under the Program Agreements Documents except where any failure to obtain such a license, permit, charter, registration or approval would will not cause or be likely to cause a Material Adverse Effect or impair the enforceability of any Purchased Asset.

Due Organization and Qualification. Each Seller is duly organized, validly existing and in good standing under the laws of the jurisdiction under whose laws it is organized. Each Seller is duly qualified to do business, is in good standing and has obtained all necessary licenses, permits, charters, registrations and approvals necessary for the conduct of its business as currently conducted and the performance of its obligations under the Program Agreements Documents except where any failure to be so qualified and in good standing or to obtain such a license, permit, charter, registration or approval would will not cause or be likely to cause a Material Adverse Effect or impair the enforceability of any Purchased Asset.

Due Organization and Qualification. Seller is duly organized, validly existing and in good standing under the laws of the jurisdiction under whose laws it is organized. Seller is duly qualified to do business, is in good standing business and has obtained all necessary licenses, permits, charters, registrations and approvals approvals, necessary for the conduct of its business as currently conducted and the performance of its obligations under the Program Agreements Documents except where any failure to obtain such a qualification, license, permit, charter, registration or approval would will not cause or be likely to cause a Material Adverse Effect with respect to Seller or impair the enforceability of any Purchased AssetLoan.

Due Organization and Qualification. Seller is a corporation duly ---------------------------------- organized, validly existing and in good standing under the laws of the jurisdiction under whose laws it is organized. state of its incorporation Seller is duly qualified to do business, is in good standing and has obtained all necessary licenses, permits, charters, registrations and approvals (together, "approvals") necessary for the conduct of its business as --------- currently conducted and the performance of its obligations under the Program Agreements except where any Related Documents, in each jurisdiction in which the failure to be so qualified or to obtain such approvals would have a licensematerial adverse effect upon Seller, permit, charter, registration or approval would not cause or be likely to cause a Material Adverse Effect or impair the enforceability of any Purchased AssetAsset or any Transaction.

Due Organization and Qualification. Seller is duly organized, validly existing and in good standing under the laws of the jurisdiction under whose laws it is organized. Seller is duly qualified to do business, is in good standing and has obtained all necessary licenses, permits, charters, registrations and approvals necessary for the conduct of its business as currently conducted and the performance of its obligations under the Program Agreements except where any failure to obtain such a license, permit, charter, registration or approval would not cause or be reasonably likely to cause a Material Adverse Effect or impair the enforceability of any Purchased Asset.

Due Organization and Qualification. Seller is duly organized, validly existing and in good standing under the laws of the jurisdiction under whose laws it is organizedState of its organization. Seller has no trade name. Seller is duly qualified to do business, is in good standing and has obtained all necessary licenses, permits, charters, registrations and approvals necessary for the conduct of its business as currently conducted and the performance of its obligations under the Program Agreements except where any failure to obtain such a license, permit, charter, registration or approval would not cause or be likely to cause a Material Adverse Effect or impair the enforceability of any Purchased AssetMortgage Loan.