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 the State 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 as a foreign limited liability company and Borrower is 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 could 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. Guarantor is an Iowa limited liability company, duly formed and validly existing under the laws of the State of Iowa. This Guaranty, when executed and delivered, will be the legal and binding obligation of Guarantor, enforceable against Guarantor in accordance with its terms. The execution and delivery of this Guaranty will not violate any law, statute, ordinance, code or governmental rule or regulation applicable to Guarantor, and will not violate or cause a default under, or permit acceleration of, any agreement to which Guarantor is a party or by which it or any of its assets or property is bound. Except for consents, approvals and exemptions previously obtained (copies of which have been delivered to Lender), no approval of or exemption by any person is required in connection with Guarantor’s execution, delivery and performance of this Guaranty. Guarantor is not in default (beyond any applicable grace period) in the performance of any loan, agreement, order, writ, injunction, decree or demand to which he is a party or by which he is bound, and the execution and delivery of this Guaranty will not constitute a default thereunder.
Organization and Good Standing, etc. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of California, 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. The Company is duly registered or qualified and in good standing as a foreign corporation in each jurisdiction where the ownership or leasing of its properties or the conduct of its business makes such registration or qualification necessary. The copies of the Company's Articles of Incorporation and Bylaws which have been furnished to Pircher, Xxxxxxx & Xxxxx, special counsel for the Purchaser, include all amendments made thereto at any time prior to the date of this Agreement and are correct and complete. Exhibit C hereto sets forth a true and complete list of the names of all directors of the Company and the names and offices held of all officers of the Company.
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.
