Common use of Authorized to do Business Clause in Contracts

Authorized to do Business. To the extent required under applicable law, as of the Purchase Date or as of the date that such entity held the Note, each holder of the Note was authorized to originate, acquire and/or hold (as applicable) the Note in the jurisdiction in which each related Property is located, or the failure to be so authorized does not materially and adversely affect the enforceability of such Purchased Loan.

Authorized to do Business. To the extent required under applicable law, as of the Purchase Date or as of the date that such entity held the NotePromissory Note being assigned to Purchaser, each holder of the Promissory Note was authorized to originate, acquire and/or hold (as applicable) the Note 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 LoanMortgage Loan by any holder thereof.

Authorized to do Business. To the extent required under applicable law, as of the Purchase Date or as of the date that such entity held the Mortgage Note, each holder of the Mortgage Note was authorized to originate, acquire and/or hold (as applicable) the Mortgage Note 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 Loan.

Authorized to do Business. To the extent required under applicable law, as of the Purchase Reference Date or as of the date that such entity held the Note, each holder of the Note was authorized to originate, acquire and/or hold (as applicable) the Note 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 Mortgage Loan.