Common use of Organization, Good Standing and Due Qualification Clause in Contracts

Organization, Good Standing and Due Qualification. The Transferee is a limited liability company, duly organized, validly existing and in good standing under the laws of the State of Delaware and has the power and, except where failure to do so could not reasonably be expected to cause a material adverse effect, all licenses necessary to own its assets and to transact the business in which it is engaged, except where failure to do so could not reasonably be expected to cause a material adverse effect, and is duly qualified and in good standing under the laws of each jurisdiction where the transaction of such business or its ownership of the Transferred Assets and the Collateral requires such qualification.

Organization, Good Standing and Due Qualification. The Transferee is a limited liability company, duly organized, validly existing and in good standing under the laws of the State of Delaware and has the power and, except where failure to do so could not reasonably be expected to cause a material adverse effectMaterial Adverse Effect, all licenses necessary to own its assets and to transact the business in which it is engaged, except where failure to do so could not reasonably be expected to cause a material adverse effectMaterial Adverse Effect, and is duly qualified and in good standing under the laws of each jurisdiction where the transaction of such business or its ownership of the Transferred Assets and the Collateral requires such qualification.

Organization, Good Standing and Due Qualification. The Transferee is a limited liability company, duly organized, validly existing and in good standing under the laws of the State of Delaware and has the power and, except where failure to do so could would not reasonably be expected to cause a material adverse effectMaterial Adverse Effect, all licenses necessary to own its assets and to transact the business in which it is engagedengaged and, except except, in the case of foreign qualifications, where failure to do so could would not reasonably be expected to cause a material adverse effectMaterial Adverse Effect, and is duly qualified and in good standing under the laws of each jurisdiction where the transaction of such business or its ownership of the Transferred Loan Assets and the Collateral requires Portfolio Assets require such qualification.

Organization, Good Standing and Due Qualification. The Transferee is a limited liability company, duly organized, validly existing and in good standing under the laws of the State of Delaware and has the power and, except where failure to do so could would not reasonably be expected to cause a material adverse effectMaterial Adverse Effect, all licenses necessary to own its assets and to transact the business in which it is engaged, except where failure to do so could would not reasonably be expected to cause a material adverse effectMaterial Adverse Effect, and is duly qualified and in good standing under the laws of each jurisdiction where the transaction of such business or its ownership of the Transferred Collateral Assets and the Collateral requires such qualification.