Due Qualification. Seller is duly qualified to do business as a foreign corporation, is in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification.
Appears in 183 contracts
Sources: Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2025-3), Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2025-3), Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2025-2)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is entity in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires or shall require such qualification.;
Appears in 149 contracts
Sources: Pooling Agreement (Ally Auto Assets LLC), Pooling Agreement (Ally Auto Receivables Trust 2024-2), Pooling Agreement (Ally Auto Receivables Trust 2024-2)
Due Qualification. The Seller is shall be duly qualified to do business as a foreign corporation, is limited liability company in good standing, and has shall have obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications and where the failure to so qualify will have a material adverse effect on the ability of the Seller to conduct its business or perform its obligations under this Agreement.
Appears in 125 contracts
Sources: Sale and Servicing Agreement (Toyota Auto Receivables 2025-C Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2025-C Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2025-B Owner Trust)
Due Qualification. The Seller is shall be duly qualified to do business as a foreign corporation, is corporation in good standing, and has shall have obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications and where the failure to so qualify will have a material adverse effect on the ability of the Seller to conduct its business or perform its obligations under this Agreement.
Appears in 115 contracts
Sources: Receivables Purchase Agreement (Toyota Auto Receivables 2025-C Owner Trust), Receivables Purchase Agreement (Toyota Auto Receivables 2025-C Owner Trust), Receivables Purchase Agreement (Toyota Auto Receivables 2025-a Owner Trust)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is in good standing, standing and has obtained all necessary licenses and approvals in all jurisdictions in which where the ownership or lease of its property failure to do so would materially and adversely affect Seller’s ability to transfer the Receivables and the Other Conveyed Property to the Trust pursuant to this Agreement, or the conduct validity or enforceability of its business requires such qualificationthe Receivables and the Other Conveyed Property or to perform Seller’s obligations hereunder and under the Seller’s Basic Documents.
Appears in 109 contracts
Sources: Sale and Servicing Agreement (GM Financial Consumer Automobile Receivables Trust 2020-1), Sale and Servicing Agreement (GM Financial Consumer Automobile Receivables Trust 2020-1), Sale and Servicing Agreement (GM Financial Consumer Automobile Receivables Trust 2019-4)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications and where the failure to so qualify would have a material adverse effect on the ability of the Seller to perform its obligations under this Agreement.
Appears in 91 contracts
Sources: Sale and Servicing Agreement, Sale and Servicing Agreement (Nissan Auto Receivables 2019-B Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables 2019-B Owner Trust)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is 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 property or the conduct of its business activities requires such qualification, license or approval, unless the failure to obtain such qualifications, licenses or approvals would not reasonably be expected to have a material adverse effect on the Seller’s ability to perform its obligations under this Agreement.
Appears in 85 contracts
Sources: First Tier Sale Agreement (Mercedes-Benz Vehicle Trust), Second Tier Sale Agreement (Mercedes-Benz Vehicle Trust), First Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2025-A)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications.
Appears in 75 contracts
Sources: Sale and Servicing Agreement (Honda Auto Receivables 2011-1 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2011-1 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2010-3 Owner Trust)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is limited liability company in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications.
Appears in 73 contracts
Sources: Sale and Servicing Agreement (Chrysler Financial Auto Securitization Trust 2010-A), Sale and Servicing Agreement (Chrysler Financial Services Americas LLC), Sale and Servicing Agreement (Chrysler Financial Auto Securitization Trust 2009-A)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is in good standing, standing and has obtained all necessary licenses and approvals in all jurisdictions in where the failure to do so would materially and adversely affect Seller’s ability to transfer the Receivables and the Other Conveyed Property to the Trust pursuant to this Agreement, or the validity or enforceability of the Receivables and the Other Conveyed Property or to perform Seller’s obligations hereunder and under the Basic Documents to which the ownership or lease of its property or the conduct of its business requires such qualificationSeller is a party.
Appears in 69 contracts
Sources: Sale and Servicing Agreement (GM Financial Consumer Automobile Receivables Trust 2025-3), Sale and Servicing Agreement (GM Financial Consumer Automobile Receivables Trust 2025-3), Sale and Servicing Agreement (GM Financial Consumer Automobile Receivables Trust 2025-2)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications.
Appears in 61 contracts
Sources: Receivables Purchase Agreement (Hyundai Abs Funding Corp), Receivables Purchase Agreement (Goldman Sachs Asset Backed Securities Corp), Purchase Agreement (Caterpillar Financial Asset Trust 2005-A)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is limited liability company in good standing, and has obtained all necessary licenses and approvals in all jurisdictions each jurisdiction in which such qualification, license or approval is necessary for the ownership or lease performance of its property or obligations under and consummation of the conduct of its business requires such qualificationtransactions contemplated by the Basic Documents.
Appears in 56 contracts
Sources: Sale and Servicing Agreement (Honda Auto Receivables 2018-1 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2018-1 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2017-4 Owner Trust)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which where the ownership or lease of its property or failure to do so would reasonably be expected to materially and adversely affect the conduct of its business requires such qualificationSeller’s ability to acquire, own and service the Receivables.
Appears in 56 contracts
Sources: Receivables Purchase Agreement (Hyundai Auto Receivables Trust 2025-C), Receivables Purchase Agreement (Hyundai Auto Receivables Trust 2025-C), Receivables Purchase Agreement (Hyundai Auto Receivables Trust 2025-B)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is limited liability company in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which each jurisdiction where any such failure to do so would materially and adversely affect the ownership or lease of Seller’s ability to perform its property or obligations under and consummate the conduct of its business requires such qualificationtransactions contemplated by the Basic Documents.
Appears in 55 contracts
Sources: Sale and Servicing Agreement (Honda Auto Receivables 2025-3 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2025-3 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2025-2 Owner Trust)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which where the ownership or lease of its property or failure to do so would materially and adversely affect the conduct of its business requires such qualificationSeller’s ability to acquire, own and service the Receivables.
Appears in 53 contracts
Sources: Sale and Servicing Agreement (Hyundai Auto Receivables Trust 2015-C), Receivables Purchase Agreement (Hyundai Auto Receivables Trust 2015-C), Sale and Servicing Agreement (Hyundai Auto Receivables Trust 2015-B)
Due Qualification. Seller is duly qualified to do business as a foreign corporationlimited liability company, is in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification.
Appears in 52 contracts
Sources: Purchase Agreement (Exeter Automobile Receivables Trust 2025-4), Purchase Agreement (Exeter Automobile Receivables Trust 2025-4), Purchase Agreement (Exeter Select Automobile Receivables Trust 2025-2)
Due Qualification. Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification.
Appears in 43 contracts
Sources: Purchase Agreement, Purchase Agreement (AFS SenSub Corp.), Purchase Agreement (AmeriCredit Automobile Receivables Trust 2006-1)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is 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 property or the conduct of its business requires such qualificationqualifications.
Appears in 41 contracts
Sources: Sale and Servicing Agreement (Credit Acceptance Corp), Sale and Servicing Agreement (Credit Acceptance Corp), Sale and Servicing Agreement (Credit Acceptance Corp)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership failure to so qualify or lease of its property to obtain such license or approval would render any Receivable unenforceable that would otherwise be enforceable by the Seller, the Sub-Servicer or the conduct of its business requires such qualificationOwner Trustee.
Appears in 41 contracts
Sources: Sale and Servicing Agreement (John Deere Owner Trust 2019), Sale and Servicing Agreement (John Deere Owner Trust 2019), Sale and Servicing Agreement (John Deere Receivables, Inc.)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has shall have obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications.
Appears in 37 contracts
Sources: Sale and Servicing Agreement (United Pan Am Financial Corp), Sale and Servicing Agreement (WFS Receivables Corp 4), Sale and Servicing Agreement (WFS Financial 1996-D Owner Trust)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions each jurisdiction in which such qualification, license or approval is necessary for the ownership or lease performance of its property or obligations under and consummation of the conduct of its business requires such qualificationtransactions contemplated by the Basic Documents.
Appears in 37 contracts
Sources: Receivables Purchase Agreement (Honda Auto Receivables 2015-4 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2015-4 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2015-3 Owner Trust)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires (including the servicing of the Receivables as required by the Sale and Servicing Agreement) shall require such qualificationqualifications.
Appears in 32 contracts
Sources: Receivables Purchase Agreement (American Honda Receivables LLC), Receivables Purchase Agreement (Honda Auto Receivables 2011-1 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2011-1 Owner Trust)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is business trust in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications.
Appears in 28 contracts
Sources: Sales Contracts (Mmca Auto Receivables Trust), Sale and Servicing Agreement (Mmca Auto Receivables Trust), Sale and Servicing Agreement (Mmca Auto Owner Trust 2001-1)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, standing and has obtained all necessary licenses and approvals in all jurisdictions in which where the ownership or lease of its property failure to do so would materially and adversely affect Seller’s ability to transfer the Receivables and the Other Conveyed Property to the Trust pursuant to this Agreement, or the conduct validity or enforceability of its business requires such qualificationthe Receivables and the Other Conveyed Property or to perform Seller’s obligations hereunder and under the Seller’s Basic Documents.
Appears in 25 contracts
Sources: Sale and Servicing Agreement (UPFC Auto Receivables Trust 2007-A), Sale and Servicing Agreement (UPFC Auto Receivables Trust 2007-B), Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2006-1)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is entity in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications and where the failure to so qualify would have a material adverse effect on the ability of the Seller to perform its obligations under this Agreement.
Appears in 21 contracts
Sources: Sale and Servicing Agreement (Nissan Auto Receivables 2025-a Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables 2025-a Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables 2024-B Owner Trust)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification.
Appears in 20 contracts
Sources: Sale and Servicing Agreement (Olympic Receivables Finance Corp), Transfer Agreement (Conseco Finance Securitizations Corp), Sale and Servicing Agreement (Olympic Receivables Finance Corp)
Due Qualification. The Seller is shall be duly qualified to do business as a foreign corporation, is limited partnership in good standing, and has shall have obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications.
Appears in 18 contracts
Sources: Sale and Servicing Agreement (Ford Motor Credit Co), Sale and Servicing Agreement (Ford Credit Auto Receivables Two L P), Sale and Servicing Agreement (Ford Credit Auto Receivables Two L P)
Due Qualification. The Seller is shall be duly qualified to do business as a foreign corporation, is corporation in good standing, and has shall have obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications.
Appears in 17 contracts
Sources: Pooling and Servicing Agreement (Toyota Motor Credit Corp), Transfer Agreement (Fleetwood Credit Receivables Corp), Pooling and Servicing Agreement (Toyota Motor Credit Corp)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications, licenses or approvals (except where the failure to so qualify or obtain such licenses and approvals would not be reasonably likely to have a material adverse effect on the Seller’s business, operations, assets, revenues or properties).
Appears in 16 contracts
Sources: Purchase and Sale Agreement (PSNH Funding LLC 3), Phase in Recovery Property Purchase and Sale Agreement, Phase in Recovery Property Purchase and Sale Agreement
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications, licenses or approvals (except where the failure to so qualify or obtain such licenses and approvals would not be reasonably likely to have a material adverse effect on the Seller's business, operations, assets, revenues or properties).
Appears in 14 contracts
Sources: Transition Property Purchase and Sale Agreement (Boston Edison Co), Purchase and Sale Agreement (PSNH Funding LLC), Property Purchase and Sale Agreement (Central & South West Corp)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is 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 property or the conduct of its business requires or the consummation of the transactions contemplated by the Basic Documents shall require such qualificationqualifications.
Appears in 14 contracts
Sources: Sale and Servicing Agreement (Consumer Portfolio Services Inc), Sale and Servicing Agreement (Consumer Portfolio Services Inc), Sale and Servicing Agreement (Consumer Portfolio Services Inc)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification.
Appears in 12 contracts
Sources: Purchase Agreement (Afs Sensub Corp.), Sale and Servicing Agreement (Afs Sensub Corp.), Sale and Servicing Agreement (Afs Sensub Corp.)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, corporation and is in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications and in which the failure to do so would materially and adversely affect the Purchaser’s performance of its obligations under, the validity or enforceability of, this Agreement or the Seller Assets.
Appears in 11 contracts
Sources: Receivables Purchase Agreement (California Republic Funding LLC), Sale Agreement (UPFC Auto Receivables Trust 2006-B), Sale Agreement (UPFC Auto Receivables Trust 2006-A)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires or shall require such qualification.;
Appears in 11 contracts
Sources: Pooling Agreement (Navistar Financial Corp), Pooling Agreement (Navistar Financial Corp), Pooling Agreement (Navistar Financial Corp)
Due Qualification. The Seller is duly qualified to do business as a ----------------- foreign corporation, is corporation in good standing, standing and has obtained all necessary licenses and approvals in all jurisdictions in which where the ownership or lease of its property failure to do so would materially and adversely affect Seller's ability to transfer the Receivables and the Other Conveyed Property to the Trust pursuant to this Agreement, or the conduct validity or enforceability of its business requires such qualificationthe Receivables and the Other Conveyed Property or to perform Seller's obligations hereunder and under the Seller's Basic Documents.
Appears in 11 contracts
Sources: Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc)
Due Qualification. The Seller is duly qualified to do business as a foreign corporationand, where necessary, is in good standing, standing as a foreign corporation (or is exempt from such requirement) and has obtained all necessary licenses and approvals in all jurisdictions each jurisdiction in which the ownership or lease of its property or the conduct of its business requires such qualificationqualification except where the failure to so qualify or obtain licenses or approvals would not have a material adverse effect on its ability to perform its obligations hereunder.
Appears in 9 contracts
Sources: Trust Sale and Servicing Agreement (Navistar Financial Corp), Pooling and Servicing Agreement (Daimlerchrysler Wholesale Receivables LLC), Receivables Purchase Agreement (Federal Mogul Corp)
Due Qualification. The Seller is shall be duly qualified to do business as a foreign corporation, is limited liability company in good standing, and has shall have obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications.
Appears in 9 contracts
Sources: Pooling and Servicing Agreement (Toyota Motor Credit Corp), Pooling and Servicing Agreement (Toyota Motor Credit Corp), Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualificationqualifications.
Appears in 9 contracts
Sources: Trust and Servicing Agreement (Uacsc 2000-a Owner Trust Auto Rec Backed Notes), Trust and Servicing Agreement (Uacsc Auto Trusts Uacsc 2000-B Owner Trust Auto Rec Bac Note), Trust and Servicing Agreement (Uacsc 2001-C Owner Trust)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, standing and has obtained all necessary licenses and approvals in all jurisdictions in which where the ownership or lease of its property failure to do so would materially and adversely affect the Seller’s ability to transfer the respective Subsequent Receivables and the Subsequent Other Conveyed Property to the Purchaser pursuant to this Agreement, or the conduct validity or enforceability of its business requires such qualificationthe respective Subsequent Receivables and the Subsequent Other Conveyed Property or to perform the Seller’s obligations hereunder and under the Seller’s Related Documents.
Appears in 8 contracts
Sources: Purchase Agreement, Purchase Agreement (Americredit Automobile Receivables Trust 2004-B-M), Purchase Agreement (AmeriCredit Automobile Receivables Trust 2005-B-M)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualificationqualifications.
Appears in 8 contracts
Sources: Purchase Agreement (Caterpillar Financial Asset Trust 2006-A), Purchase Agreement (Caterpillar Financial Asset Trust 2008-A), Purchase Agreement (Caterpillar Financial Funding Corp)
Due Qualification. Seller is duly qualified to do business as a foreign corporationstatutory trust, is in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification.
Appears in 8 contracts
Sources: Sale Agreement (Exeter Automobile Receivables Trust 2021-3), Sale Agreement (Exeter Automobile Receivables Trust 2021-3), Sale Agreement (Exeter Automobile Receivables Trust 2021-2)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, corporation and is in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications and in which the failure to do so would materially and adversely affect the Purchaser’s performance of its obligations under, the validity or enforceability of, this Agreement or the Conveyed Assets.
Appears in 8 contracts
Sources: Receivables Purchase Agreement (California Republic Auto Receivables Trust 2015-2), Receivables Purchase Agreement (California Republic Funding LLC), Receivables Purchase Agreement (California Republic Funding LLC)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires (including the origination of the Samco Receivables as required by the Sale and Servicing Agreement) shall require such qualificationqualifications.
Appears in 7 contracts
Sources: Receivables Purchase Agreement (Consumer Portfolio Services Inc), Assignment (Consumer Portfolio Services Inc), Assignment (Consumer Portfolio Services Inc)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualificationqualifications, licenses or approvals (except where the failure to so qualify or obtain such licenses and approvals would not be reasonably likely to have a material adverse effect on the Seller’s business, operations, assets, revenues or properties).
Appears in 7 contracts
Sources: Securitization Property Purchase and Sale Agreement (SIGECO Securitization I, LLC), Securitization Property Purchase and Sale Agreement (SIGECO Securitization I, LLC), Securitization Property Purchase and Sale Agreement (SIGECO Securitization I, LLC)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification.;
Appears in 7 contracts
Sources: Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2006-1), Trust Sale and Servicing Agreement (Capital Auto Receivables Inc), Trust Sale and Servicing Agreement (Capital Auto Receivables Inc)
Due Qualification. The Seller is duly qualified to do business as a foreign corporationand, where necessary, is in good standing, standing as a foreign corporation (or is exempt from such requirement) and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or each jurisdiction where the conduct of its business requires such qualification, except where the failure to so qualify or obtain licenses or approvals would not have a material adverse effect on its ability to perform its obligations hereunder.
Appears in 7 contracts
Sources: Receivables Purchase Agreement (GMF Floorplan Owner Revolving Trust), Receivables Purchase Agreement (Ford Credit Floorplan LLC), Receivables Purchase Agreement (Nissan Wholesale Receivables Corp Ii)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications.
Appears in 7 contracts
Sources: Receivables Purchase Agreement (Securitized Asset Backed Receivables LLC), Receivables Purchase Agreement (Nal Financial Group Inc), Receivables Purchase Agreement (Nal Financial Group Inc)
Due Qualification. The Seller is duly qualified to do business as a foreign corporationand, where necessary, is in good standing, standing as a foreign corporation (or is exempt from such requirement) and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or each jurisdiction where the conduct of its business requires such qualificationqualification except where the failure to so qualify or obtain licenses or approvals would not have a material adverse effect on its ability to perform its obligations hereunder.
Appears in 7 contracts
Sources: Receivables Purchase Agreement (GMF Floorplan Owner Revolving Trust), Receivables Purchase Agreement (Ford Credit Floorplan LLC), Receivables Purchase Agreement (Nissan Wholesale Receivables Corp Ii)
Due Qualification. The Seller is duly qualified to do business and is in good standing (or is exempt from such requirements) as a foreign corporation, is corporation in good standingany state required in order to conduct its business, and has obtained all necessary licenses and approvals with respect to the Seller required under applicable law; provided that no representation or warranty is made with respect to any qualifications, licenses or approvals which the Buyer would have to obtain to do business in all jurisdictions any state in which the ownership or lease of its property or the conduct of its business requires such qualificationBuyer seeks to enforce any Receivable.
Appears in 6 contracts
Sources: Receivables Purchase Agreement, Receivables Purchase Agreement (HSBC Credit Card Master Note Trust (Usa) I), Receivables Purchase Agreement (Metris Master Trust)
Due Qualification. The Seller is duly qualified to do business as a foreign corporationand, where necessary, is in good standing, standing as a foreign corporation (or is exempt from such requirement) and has obtained all necessary licenses and approvals in all jurisdictions each jurisdiction in which the ownership or lease of its property or the conduct of its business requires such qualification.qualification except where the failure to so qualify or obtain licenses or approvals would not have a material adverse effect on its ability to perform its obligations hereunder;
Appears in 6 contracts
Sources: Pooling and Servicing Agreement (Green Tree Financial Corp), Receivables Contribution and Sale Agreement (Deutsche Floorplan Receivables L P), Receivables Contribution and Sale Agreement (Distribution Financial Services Floorplan Master Trust)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires (including the origination and the servicing of the Receivables as required by the Sale and Servicing Agreement) shall require such qualificationqualifications.
Appears in 6 contracts
Sources: Assignment (Consumer Portfolio Services Inc), Assignment (Consumer Portfolio Services Inc), Receivables and Purchase Agreement (Consumer Portfolio Services Inc)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is limited liability company in good standing, and has obtained all necessary licenses and approvals in all jurisdictions (including Pennsylvania) in which the ownership or lease of its property or the conduct of its business requires such qualificationqualifications.
Appears in 5 contracts
Sources: Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC), Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC), Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC)
Due Qualification. The Seller is duly qualified to do business as a foreign corporationlimited liability company, is in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications.
Appears in 5 contracts
Sources: Contribution Agreement (Capital One Auto Receivables LLC), Contribution Agreement (Capital One Auto Receivables LLC), Contribution Agreement (Capital One Auto Receivables Trust 2001-B)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications, licenses or approvals (except where the failure to so qualify would not be reasonably likely to have a material adverse effect on the Seller's business, operations, assets, revenues, properties or prospects).
Appears in 5 contracts
Sources: Intangible Transition Property Sale Agreement (Peco Energy Transition Trust), Intangible Transition Property Sale Agreement (West Penn Funding LLC), Intangible Transition Property Sale Agreement (Peco Energy Transition Trust)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires or the consummation of the transactions contemplated by the Basic Documents shall require such qualificationqualifications.
Appears in 5 contracts
Sources: Sale and Servicing Agreement (Consumer Portfolio Services Inc), Sale and Servicing Agreement (Consumer Portfolio Services Inc), Sale and Servicing Agreement (Consumer Portfolio Services Inc)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property property, including the Receivables, or the conduct of its business requires shall require such qualificationqualifications.
Appears in 5 contracts
Sources: Sale and Servicing Agreement (TMS Auto Holdings Inc), Sale and Servicing Agreement (Money Store Auto Trust 1996-2), Sale and Servicing Agreement (TMS Auto Holdings Inc)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires (including the origination and the servicing of the Receivables as required by the Pooling and Servicing Agreement) shall require such qualificationqualifications.
Appears in 5 contracts
Sources: Receivables Purchase Agreement (Consumer Portfolio Services Inc), Receivables Purchase Agreement (Consumer Portfolio Services Inc), Purchase Agreement (Consumer Portfolio Services Inc)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications, licenses or approvals and as to which the failure to obtain such licenses or approvals would have a material and adverse impact upon the value or collectability of the Receivables.
Appears in 4 contracts
Sources: Receivables Contribution Agreement (MCM Capital Group Inc), Receivables Contribution Agreement (MCM Capital Group Inc), Receivables Contribution Agreement (MCM Capital Group Inc)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, corporation and is in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications.
Appears in 4 contracts
Sources: Purchase Agreement (Franklin Receivables LLC), Purchase Agreement (Franklin Receivables LLC), Purchase Agreement (FCC Receivables Corp)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary material licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications, except where the failure to be so qualified or to have obtained such licenses or approvals would not have a material adverse effect on the Seller's earnings, business affairs or business prospects.
Appears in 4 contracts
Sources: Receivables Purchase Agreement (World Omni Auto Receivables LLC), Receivables Purchase Agreement (World Omni Auto Receivables LLC), Receivables Purchase Agreement (World Omni Auto Receivables LLC)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, corporation and is in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires (including, without limitation, the origination and servicing of the Receivables) shall require such qualificationqualifications.
Appears in 4 contracts
Sources: Purchase Agreement (Franklin Receivables Auto Trust 2003-1), Purchase Agreement (Franklin Auto Trust 2004-2), Purchase Agreement (Franklin Auto Trust 2004-1)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, corporation and is in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires (including without limitation, the origination and servicing of the Receivables) shall require such qualificationqualifications.
Appears in 4 contracts
Sources: Purchase Agreement (Franklin Receivables Auto Trust 2003-1), Purchase Agreement (Franklin Auto Trust 2004-2), Purchase Agreement (Franklin Auto Trust 2004-1)
Due Qualification. Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification, licenses or approvals except where the failure to so qualify or have such licenses or approvals has not had, and could not reasonably be expected to have, a Material Adverse Effect.
Appears in 4 contracts
Sources: Accounts Receivable Purchase Agreement (Telos Corp), Accounts Receivable Purchase Agreement (Implant Sciences Corp), Accounts Receivable Purchase Agreement (Lattice INC)
Due Qualification. The Seller is duly qualified to do business and is in good standing as a foreign corporation, corporation (or is in good standingexempt from such requirements), and has obtained or will obtain all necessary licenses and approvals approvals, in all jurisdictions each jurisdiction in which the ownership failure to so qualify or lease of to obtain such licenses and approvals would have a material adverse effect on its property or the conduct of ability to perform its business requires such qualificationobligations hereunder.
Appears in 4 contracts
Sources: Trust Indenture (Newcourt Receivables Corp), Pooling, Collateral Agency and Servicing Agreement (Newcourt Receivables Corp), Asset Purchase Agreement (Bluegreen Corp)
Due Qualification. The Seller is duly qualified to do business and is in good standing (or is exempt from such requirements), as a foreign corporation, is corporation in good standingany state required in order to conduct business, and has obtained all necessary licenses and approvals with respect to the Seller required under applicable law; provided that no representation or warranty is made with respect to any qualifications, licenses or approvals which the Buyer would have to obtain to do business in all jurisdictions any state in which the ownership or lease of its property or the conduct of its business requires such qualificationBuyer seeks to enforce any Receivable.
Appears in 4 contracts
Sources: Purchase Agreement (Metris Receivables Inc), Bank Receivables Purchase Agreement (Metris Receivables Inc), Purchase Agreement (Metris Companies Inc)
Due Qualification. Seller is duly qualified to do business as a foreign corporationand, where necessary, is in good standing, standing as a foreign corporation (or is exempt from such requirement) and has obtained all necessary licenses and approvals in all jurisdictions each jurisdiction in which the ownership or lease of its property or the conduct of its business requires such qualificationqualification except where the failure to so qualify or obtain licenses or approvals would not have a material adverse effect on its ability to perform its obligations hereunder.
Appears in 4 contracts
Sources: Sale and Assignment Agreement (Ford Credit Floorplan LLC), Sale and Assignment Agreement (Ford Credit Floorplan LLC), Sale and Assignment Agreement (Ford Credit Floorplan LLC)
Due Qualification. The Seller is duly qualified to do business as a foreign corporationand, where necessary, is in good standing, standing as a foreign company (or is exempt from such requirement) and has obtained all necessary licenses and approvals in all jurisdictions each jurisdiction in which the ownership or lease of its property or the conduct of its business requires such qualificationqualification except where the failure to so qualify or obtain licenses or approvals would not have a material adverse effect on its ability to perform its obligations hereunder.
Appears in 4 contracts
Sources: Sale and Servicing Agreement (Daimlerchrysler Master Owner Trust), Sale and Servicing Agreement (Daimlerchrysler Master Owner Trust), Sale and Servicing Agreement (Daimlerchrysler Wholesale Receivables LLC)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which where the ownership or lease of its property failure to do so would materially and adversely affect the Seller's ability to transfer the Receivables to the Trust pursuant to this Agreement or the conduct validity or enforceability of its business requires such qualificationthe Receivables.
Appears in 4 contracts
Sources: Sale and Servicing Agreement (First Merchants Acceptance Corp), Sale and Servicing Agreement (First Merchants Acceptance Corp), Sale and Servicing Agreement (First Merchants Acceptance Corp)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualificationqualifications, licenses or approvals (except where the failure to so qualify and to obtain such licenses and approvals would not be reasonably likely to have a material adverse effect on the Seller's business, operations, assets, revenues, properties or prospects).
Appears in 4 contracts
Sources: BGS Bondable Transition Property Sale Agreement (PSE&G Transition Funding II LLC), Sale Agreement (Pse&g Transition Funding LLC), Sale Agreement (Pse&g Transition Funding LLC)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires (including the origination of the Linc Receivables as required by the Sale and Servicing Agreement) shall require such qualificationqualifications.
Appears in 4 contracts
Sources: Receivables Purchase Agreement (Consumer Portfolio Services Inc), Assignment (Consumer Portfolio Services Inc), Link Purchase Agreement (Consumer Portfolio Services Inc)
Due Qualification. Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all other jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification, licenses or approvals, except where the failure to so qualify or have such licenses or approvals has not had, and could not reasonably be expected to have, a Material Adverse Effect.
Appears in 3 contracts
Sources: Receivables Purchase Agreement (Conmed Corp), Receivables Purchase Agreement (Conmed Corp), Receivables Purchase Agreement (Avista Corp)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership failure to so qualify or lease of its property to obtain any such license or approval would render any Receivable unenforceable that would otherwise be enforceable by the Seller or the conduct of its business requires such qualificationIssuer.
Appears in 3 contracts
Sources: Sale and Servicing Agreement (Caterpillar Financial Asset Trust 2005-A), Sale and Servicing Agreement (Caterpillar Financial Funding Corp), Sale and Servicing Agreement (Caterpillar Financial Asset Trust 2004-A)
Due Qualification. The Seller is duly qualified to do business and is in good standing as a foreign corporation, is in good standing, corporation and has obtained all necessary licenses and approvals approvals, in all jurisdictions each jurisdiction in which the ownership or lease of its property or the conduct nature of its business requires such qualificationit to be so qualified.
Appears in 3 contracts
Sources: Purchase and Sale Agreement (American Capital Strategies LTD), Purchase and Sale Agreement (American Capital Strategies LTD), Purchase and Sale Agreement (American Capital Strategies LTD)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires or shall require such qualification.
Appears in 3 contracts
Sources: Pooling Agreement (Navistar Financial Corp), Pooling Agreement (Navistar Financial Corp), Pooling Agreement (Navistar Financial Corp)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is 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 property or the conduct of its business requires shall require such qualificationqualifications.
Appears in 3 contracts
Sources: Sale and Servicing Agreement (American Honda Receivables LLC), Pooling and Servicing Agreement (World Omni Auto Receivables LLC), Standard Terms and Conditions Agreement (Pooled Auto Securities Shelf LLC)
Due Qualification. Seller is duly qualified to do business and is in good standing as a foreign corporation, corporation (or is in good standing, exempt from such requirements) and has obtained all necessary licenses and approvals approvals, in all jurisdictions each jurisdiction in which failure to so qualify or to obtain such licenses and approvals would have a material adverse effect on Purchaser, the ownership or lease of its property Issuer or the conduct of its business requires such qualificationNoteholders.
Appears in 3 contracts
Sources: Receivables Purchase Agreement, Receivables Purchase Agreement, Receivables Purchase Agreement (Compucredit Corp)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications, except where the failure of the Seller to so qualify or obtain such licenses or approvals would not have a material adverse effect on the Seller or any Receivable.
Appears in 3 contracts
Sources: Purchase Agreement (Daimler Benz Vehicle Receivables Corp), Purchase Agreement (Daimler Benz Vehicle Receivables Corp), Purchase Agreement (Daimler Benz Vehicle Receivables Corp)
Due Qualification. Such Seller is duly qualified to do business as a foreign corporationand, where necessary, is in good standing, standing as a foreign corporation (or is exempt from such requirement) and has obtained all necessary licenses and approvals in all jurisdictions each jurisdiction in which the ownership or lease of its property or the conduct of its business requires such qualificationqualification except where the failure to so qualify or obtain licenses or approvals would not have a material adverse effect on its ability to perform its obligations hereunder.
Appears in 3 contracts
Sources: Receivables Contribution and Sale Agreement (Deutsche Floorplan Receivables L P), Receivables Contribution and Sale Agreement (Distribution Financial Services Floorplan Master Trust), Receivables Contribution and Sale Agreement (CDF Funding, Inc.)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is limited liability company in good standing, and has obtained all necessary material licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications, except where the failure to be so qualified or to have obtained such licenses or approvals would not have a material adverse effect on the Seller’s earnings, business affairs or business prospects.
Appears in 3 contracts
Sources: Sale and Servicing Agreement (World Omni Auto Receivables LLC), Sale and Servicing Agreement (World Omni Auto Receivables LLC), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2005-A)
Due Qualification. The Seller is duly qualified to do business as a foreign corporationand, where necessary, is in good standing, standing as a foreign partnership (or is exempt from such requirement) and has obtained all necessary licenses and approvals in all jurisdictions each jurisdiction in which the ownership or lease of its property or the conduct of its business requires such qualification.qualification except where the failure to so qualify or obtain licenses or approvals would not have a material adverse effect on its ability to perform its obligations hereunder;
Appears in 3 contracts
Sources: Pooling and Servicing Agreement (Distribution Financial Services Floorplan Master Trust), Pooling and Servicing Agreement (CDF Funding, Inc.), Pooling and Servicing Agreement (Deutsche Floorplan Receivables L P)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is limited liability company in good standing, and has obtained all necessary licenses and approvals approvals, in all foreign jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications, licenses or approvals (except where the failure to so qualify or obtain such licenses and approvals would not be reasonably likely to have a material adverse effect on the Seller’s business, operations, assets, revenues or properties).
Appears in 3 contracts
Sources: Sale Agreement (MP Environmental Funding LLC), Sale Agreement (MP Environmental Funding LLC), Sale Agreement (PE Environmental Funding LLC)
Due Qualification. The Seller is duly qualified to do business as a foreign corporationand, where necessary, is in good standing, standing as a foreign partnership (or is exempt from such requirement) and has obtained all necessary licenses and approvals in all jurisdictions each jurisdiction in which the ownership or lease of its property or the conduct of its business requires such qualificationqualification except where the failure to so qualify or obtain licenses or approvals would not have a material adverse effect on its ability to perform its obligations hereunder.
Appears in 3 contracts
Sources: Pooling and Servicing Agreement (Distribution Financial Services Floorplan Master Trust), Pooling and Servicing Agreement (CDF Funding, Inc.), Pooling and Servicing Agreement (Deutsche Floorplan Receivables L P)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualificationqualifications, licenses or approvals (except where the failure to so qualify would not be reasonably likely to have a material adverse effect on the Seller's business, operations, assets, revenues, properties or prospects, the Securitization Property, the Issuer or the Securitization Bonds).
Appears in 3 contracts
Sources: Sale Agreement (Consumers Funding LLC), Sale Agreement (Consumers Energy Co Financing V), Sale Agreement (Consumers Funding LLC)
Due Qualification. Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all other jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification, licenses or approvals has not had, and except where the failure to so qualify or have such licenses or approvals has not had, and could not reasonably be expected to have, a Material Adverse Effect.
Appears in 3 contracts
Sources: Receivables Purchase Agreement (D & K Healthcare Resources Inc), Receivables Purchase Agreement (D & K Healthcare Resources Inc), Receivables Purchase Agreement (Maxtor Corp)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, corporation and is in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualificationqualifications, licenses or approvals (except where the failure to so qualify or obtain such licenses and approvals would not be reasonably likely to have a material adverse effect on the Seller’s business, operations, assets, revenues or properties).
Appears in 3 contracts
Sources: Storm Recovery Property Sale Agreement (SWEPCO Storm Recovery Funding LLC), Storm Recovery Property Sale Agreement (SWEPCO Storm Recovery Funding LLC), Storm Recovery Property Sale Agreement (SWEPCO Storm Recovery Funding LLC)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation----------------- and, where necessary, is in good standing, standing as a foreign corporation (or is exempt from such requirement) and has obtained all necessary licenses and approvals in all jurisdictions each jurisdiction in which the ownership or lease of its property or the conduct of its business requires such qualificationqualification except where the failure to so qualify, be in good standing or obtain licenses or approvals would not have a Material Adverse Effect.
Appears in 2 contracts
Sources: Receivable Interest Purchase Agreement (Federal Mogul Corp), Receivable Interest Purchase Agreement (Federal Mogul Corp)
Due Qualification. The Seller is duly qualified to do business and is in good standing as a foreign corporation, corporation (or is in good standingexempt from such requirements), and has obtained all necessary licenses and approvals approvals, in all jurisdictions each jurisdiction in which the ownership failure to so qualify or lease of to obtain such licenses and approvals would have a Material Adverse Effect on its property or the conduct of ability to perform its business requires such qualificationobligations hereunder.
Appears in 2 contracts
Sources: Pledge and Security Agreement (American Capital Strategies LTD), Pledge and Security Agreement (American Capital Strategies LTD)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications, except where the failure of the Seller to so qualify or obtain such licenses or approvals would not have a material adverse effect on the Seller, the Trust or any Receivable.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Daimler Benz Vehicle Receivables Corp), Pooling and Servicing Agreement (Daimler Benz Vehicle Receivables Corp)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualificationqualifications, licenses or approvals (except where the failure to so qualify and to obtain such licenses and approvals would not be reasonably likely to have a material adverse effect on the Seller’s business, operations, assets, revenues, properties or prospects).
Appears in 2 contracts
Sources: Sale Agreement (JCP&L Transition Funding II LLC), Sale Agreement (JCP&L Transition Funding II LLC)
Due Qualification. The Seller is duly qualified to do business ----------------- as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Nissan Auto Receivables Corp /De), Sale and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)
Due Qualification. Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property property, or the conduct of its business requires shall require such qualificationqualifications, except where the failure to so obtain would not have a material adverse impact either on Seller, the transactions contemplated in the Basic Documents or the Receivables.
Appears in 2 contracts
Sources: Sale and Servicing Agreement (Wells Fargo Auto Receivables Corp), Sale and Servicing Agreement (Ace Securities Corp Rv & Marine Trust 2001-Rv1)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires (including the origination, sale and servicing of the Receivables and the Other Conveyed Property as required by this Agreement) shall require such qualificationqualifications.
Appears in 2 contracts
Sources: Sale and Servicing Agreement (Silverleaf Resorts Inc), Sale and Servicing Agreement (Silverleaf Resorts Inc)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standingstanding or equivalent status, and has obtained all necessary licenses and approvals approvals, in all jurisdictions jurisdictions, other than Florida, in which the ownership or lease of its property or the conduct of its business requires such qualificationqualifications, licenses or approvals (except where the failure to so qualify and to obtain such licenses and approvals would not be reasonably likely to have a material adverse effect on the Seller's business, operations, assets, revenues, properties or prospects).
Appears in 2 contracts
Sources: Storm Recovery Property Sale Agreement (FPL Recovery Funding LLC), Storm Recovery Property Sale Agreement (Florida Power & Light Co)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualificationqualifications, licenses or approvals.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Triad Financial Corp), Pooling and Servicing Agreement (Triad Financial Corp)
Due Qualification. Seller is duly qualified to do business as a foreign corporation[_______], is in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification.
Appears in 2 contracts
Sources: Sale Agreement (Efcar, LLC), Sale Agreement (Efcar, LLC)
Due Qualification. Such Seller is duly qualified to do business as a foreign corporation, is organization in good standing, standing and has obtained all necessary qualifications, licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualificationqualifications, licenses or approvals or, if not so qualified, the failure to so qualify would not have a Material Adverse Effect with respect to such Seller.
Appears in 2 contracts
Sources: Master Framework Agreement (CHS Inc), Master Framework Agreement (CHS Inc)
Due Qualification. The Seller is duly qualified to do business and is in good standing as a foreign corporation, is in good standinglimited partnership, and has obtained all necessary licenses and approvals approvals, in all jurisdictions each jurisdiction in which the ownership failure to so qualify or lease of its property to obtain such licenses and approvals would have, or the conduct of its business requires such qualificationcould reasonably be expected to have a Material Adverse Effect.
Appears in 2 contracts
Sources: Purchase Agreement (Wentworth J G & Co Inc), Purchase Agreement (Wentworth J G & Co Inc)
Due Qualification. Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business (including the origination and the servicing of the Receivables) requires such qualificationqualifications.
Appears in 2 contracts
Sources: Receivables Purchase Agreement (Compass Auto Receivables Trust 1998-A), First Tier Receivables Purchase Agreement (Asset Backed Securities Corp)
Due Qualification. The Seller is duly qualified to do business as a foreign corporationcompany, is in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or property, the conduct of its business or the entering into, or the performance of its obligations under the Basic Documents to which it is a party requires such qualification.
Appears in 2 contracts
Sources: Purchase Agreement (Vroom, Inc.), Purchase Agreement (Vroom, Inc.)
Due Qualification. The Seller is duly qualified to do business and is in good standing (or is exempt from such requirements), as a foreign corporation, is corporation in good standingany state required in order to conduct its business, and has obtained all necessary licenses and approvals in all jurisdictions in which with respect to the ownership or lease of its property or the conduct of its business requires such qualificationSeller required under applicable law.
Appears in 2 contracts
Sources: Purchase Agreement (Fingerhut Receivables Inc), Purchase Agreement (Fingerhut Receivables Inc)