Legal Existence. (a) During the term of this Agreement and the Trust Agreement, the Company will keep in full force and effect its existence, rights and franchises as a limited liability company under the laws of the jurisdiction of its organization and will obtain and preserve its qualification to do business in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement, the Basic Documents and each other instrument or agreement necessary or appropriate to the proper administration of this Agreement, the Basic Documents and the transactions contemplated hereby and thereby.
Appears in 31 contracts
Samples: Purchase Agreement (Chrysler Financial Auto Securitization Trust 2010-A), Purchase Agreement (Daimlerchrysler Auto Trust 2008-B), Purchase Agreement (DaimlerChrysler Auto Trust 2007-A)