As to the Seller. (i) The Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has the corporate power to own its assets and to transact the business in which it is currently engaged. The Seller is duly qualified to do business as a foreign corporation and is in good standing in each jurisdiction in which the character of the business transacted by it or properties owned or leased by it requires such qualification and in which the failure to so qualify would have a material adverse effect on the business, properties, assets or condition (financial or other) of the Seller;
Appears in 21 contracts
Samples: Loan Purchase Agreement (Residential Funding Mortgage Securities Ii Inc), Loan Purchase Agreement (Home Equity Loan Trust 2004-Hs3), Equity Loan Purchase Agreement (Residential Funding Mortgage Securities Ii Inc)
As to the Seller. (i) The Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware [_______________] and has the corporate power to own its assets and to transact the business in which it is currently engaged. The Seller is duly qualified to do business as a foreign corporation and is in good standing in each jurisdiction in which the character of the business transacted by it or properties owned or leased by it requires such qualification and in which the failure to so qualify would have a material adverse effect on the business, properties, assets or condition (financial or other) of the Seller;
Appears in 1 contract
Samples: Loan Purchase Agreement (Homepride Mortgage Finance Corp)