Common use of Authorized to do Business Clause in Contracts

Authorized to do Business. To Seller’s knowledge, and to the extent required under applicable law, as of the Purchase Date and as of each date that such entity held the Mortgage Note, each holder of the Mortgage Note was authorized to transact and do business in the jurisdiction in which each related Mortgaged Property is located, or the failure to be so authorized does not materially and adversely affect the enforceability of such Purchased Asset by Buyer.

Authorized to do Business. To Seller’s knowledge, and to the extent required under applicable law, as of the Purchase Date and as of each date that such entity held the Mortgage Note, Seller and any Affiliate of Seller and, to Seller’s knowledge, each other holder of the Mortgage Note was authorized to transact and do business in the jurisdiction in which each related Mortgaged Property is located, or the failure to be so authorized does not materially and adversely affect the enforceability of such Purchased Asset by Buyer.

Authorized to do Business. To Seller’s knowledge, and to the extent required under applicable law, as of the Purchase Date and as of each date that such entity held the Mortgage Note, Seller and to Seller’s Knowledge each holder of the Mortgage Note was authorized to transact and do business in the jurisdiction in which each related Underlying Mortgaged Property is located, or the failure to be so authorized does not materially and adversely affect the enforceability of such Purchased Asset by Buyer.

Authorized to do Business. To Seller’s knowledge, and to the extent required under applicable law, as of the Purchase Date and or as of each the date that such entity held the Mortgage Note, each Seller is and any Affiliate of Seller was, and to Seller’s actual knowledge, any other holder of the a Mortgage Note (that is not an Affiliate of Seller) was authorized to transact and do business in the jurisdiction in which each related Mortgaged Property is located, or the failure to be so authorized does not materially and adversely affect the enforceability of such Purchased Asset Loan by Buyerany holder thereof.

Authorized to do Business. To Seller’s knowledge, and to the extent required under applicable law, as of the Purchase Date and as of each date that such entity held the Mortgage Note, each holder of [NEWYORK 3032673_23] the Mortgage Note was authorized to transact and do business in the jurisdiction in which each related Mortgaged Property is located, or the failure to be so authorized does not materially and adversely affect the enforceability of such Purchased Asset by Buyer.

Authorized to do Business. To Seller’s knowledge, and to the extent required under applicable law, as of the Purchase Date and as of each date that such entity held the Mortgage Note, Seller and, to Seller’s Knowledge each other holder of the Mortgage Note Note, was authorized to transact and do business in the jurisdiction in which each related Underlying Mortgaged Property is located, or the failure to be so authorized does not materially and adversely affect the enforceability of such Purchased Asset by Buyer.

Authorized to do Business. To Seller’s knowledge, and to the extent required under applicable law, as of the Purchase Date and or as of each the date that such entity held the Mortgage Note, each Seller and any Affiliate of Seller is, and to Seller’s Knowledge, any other holder of the a Mortgage Note was (that is not an Affiliate of Seller) was, authorized to transact and do business in the jurisdiction in which each related Mortgaged Property is located, or the failure to be so authorized does not materially and adversely affect the enforceability of such Purchased Asset Mortgage Loan by Buyerany holder thereof.