Good Standing of the Investment Manager Clause Samples

The "Good Standing of the Investment Manager" clause ensures that the investment manager maintains all necessary legal and regulatory qualifications to operate lawfully throughout the term of the agreement. This typically requires the manager to hold valid licenses, remain in compliance with applicable laws, and avoid any actions that could jeopardize their professional status, such as regulatory violations or insolvency. By including this clause, the agreement protects investors by ensuring that their assets are managed by a reputable and authorized entity, thereby reducing the risk of mismanagement or legal complications.
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Good Standing of the Investment Manager. The Investment Manager has been duly organized and is validly existing and in good standing as a corporation under the laws of the State of New York with full corporate power and authority to own, lease and operate its properties and to conduct its business as described in the Prospectus and is duly qualified as a foreign corporation to transact business and is in good standing in each other jurisdiction in which such qualification is required except where the failure so to register or to qualify does not have a material adverse effect on the condition (financial or other), business, business prospects, properties, net assets or results of operations of the Investment Manager to perform its obligations under this Agreement and the Management Agreement.
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Good Standing of the Investment Manager. The Investment Manager has been duly organized and is validly existing and in good standing as a limited liability company under the laws of the State of Delaware with full limited liability company power and authority to own, lease and operate its properties and to conduct its business as described in the prospectus and is duly qualified as a foreign limited liability company to transact business and is in good standing in each other jurisdiction in which such qualification is required.
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Good Standing of the Investment Manager. The Investment Manager has been duly organized and is validly existing and in good standing as a corporation under the laws of the state of New York, with full power and authority to own, lease and operate its properties and to conduct its business as described in the Registration Statement, the General Disclosure Package, and the Prospectus and to enter into and perform its obligations under this Agreement and the Fund Agreements; and the Investment Manager is duly qualified as a foreign corporation to transact business and is in good standing in each other jurisdiction in which such qualification is required, except where the failure so to qualify or to be in good standing would not result in a material adverse effect on the Investment Manager’s ability to perform its obligations under the Investment Management Agreement, the Structuring Fee Agreement between ▇▇▇▇▇▇▇ ▇▇▇▇▇ and the Investment Manager (the “Fee Agreement”), the Structuring Fee Agreement between [EACH OTHER REPRESENTATIVE] and the Investment Manager (the “[EACH OTHER REPRESENTATIVE] Structuring Fee Agreement”) and, together with the Fee Agreement, the “Fee Agreements”) to which it is a party.
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Good Standing of the Investment Manager. The Investment Manager has been duly organized and is validly existing and in good standing as a corporation under the laws of the State of California with full corporate power and authority to own, lease and operate its properties and to conduct its business as described in the Prospectus and the Investment Manager is duly qualified as a foreign corporation to transact business and is in good standing in each other jurisdiction in which such qualification is required, except to the extent that failure to be so qualified and in good standing would not have a Material Adverse Effect on the Investment Manager's ability to provide services to the Fund.
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Good Standing of the Investment Manager. The Investment Manager has been duly organized and is validly existing and in good standing as a limited partnership under the laws of the state of Illinois, with full limited partnership power and authority to own, lease and operate its properties and to conduct its business as described in the Prospectus and is duly qualified to transact business and is in good standing in each other jurisdiction in which such qualification is required, except where failure to so qualify or to be in good standing would not result in a material adverse effect.
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Good Standing of the Investment Manager. The Investment Manager has been duly organized, is validly existing as a limited liability company, and is in good standing under the laws of the State of Delaware, with full power and authority to own, lease and operate its properties and to conduct its business as described in the Registration Statement, the General Disclosure Package, and the Prospectus and to enter into and perform its obligations under this Agreement and the Fund Agreements; and the Investment Manager is duly qualified to transact business and is in good standing as a foreign limited liability company in each other jurisdiction in which such qualification is required, except where the failure so to qualify or to be in good standing would not result in a material adverse effect on the Investment Manager’s ability to provide services to the Fund, perform its obligations under this Agreement, the Investment Management Agreement, the Structuring and Syndication Fee Agreement between BofA Securities and the Investment Manager (the “BofA Securities Fee Agreement”), the Structuring Fee Agreement between [•] and the Investment Manager (the “[•] Fee Agreement”), the Structuring Fee Agreement between [•] and the Investment Manager (the “[•] Fee Agreement”), the Fee Agreement between [•] and the Investment Manager (the “[•] Fee Agreement”) (the “[•] Fee Agreement”, and, together with the BofA Securities Fee Agreement and the [•], the “Fee Agreements”), or consummate any of the transactions herein contemplated, or would not have a material adverse effect on the condition (financial or otherwise), prospects, earnings, business, operations or properties of the Investment Manager, whether or not arising from transactions in the ordinary course of business (“Investment Manager Material Adverse Effect”).
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Related to Good Standing of the Investment Manager

  • Good Standing of the Fund The Fund has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Maryland and has the corporate power and authority to own, lease and operate its properties and to conduct its business as described in the Prospectus and to enter into and perform its obligations under this Agreement; and the Fund is duly qualified as a foreign corporation to transact business and is in good standing in each other jurisdiction in which such qualification is required, whether by reason of the ownership or leasing of property or the conduct of business, except where the failure so to qualify or to be in good standing would not result in a Material Adverse Effect.

  • Good Standing of the Manager The Manager has been duly formed and is validly existing as a limited liability company in good standing under the laws of the State of Delaware and has power and authority to conduct its business as described in the Registration Statement, the General Disclosure Package and the Prospectus and to enter into and perform its obligations under this Agreement; and the Manager is duly qualified as a foreign limited liability company to transact business and is in good standing in each other jurisdiction in which such qualification is required, whether by reason of the ownership or leasing of property or the conduct of business, except where the failure so to qualify or to be in good standing would not result in a Material Adverse Effect.

  • Organization and Standing of the Investor The Investor is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware.

  • Good Standing of the Company The Company has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware and has corporate power and authority to own, lease and operate its properties and to conduct its business as described in the Registration Statement, the General Disclosure Package and the Prospectus and to enter into and perform its obligations under this Agreement; and the Company is duly qualified as a foreign corporation to transact business and is in good standing in each other jurisdiction in which such qualification is required, whether by reason of the ownership or leasing of property or the conduct of business, except where the failure so to qualify or to be in good standing would not result in a Material Adverse Effect.

  • Organization and Good Standing of the Company The Company is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation as set forth above. The Company is not required to be qualified to transact business in any other jurisdiction where the failure to so qualify would have an adverse effect on the business of the Company.