Common use of Authorized to do Business Clause in Contracts

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

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 related Mortgage Note, each holder of such Mortgage the Note was authorized to originate, acquire and/or hold (as applicable) such Mortgage the Note in the jurisdiction in which the each related Mortgaged Property is located, or the failure to be so authorized does not materially and adversely affect the enforceability of such Mortgage Loan by SellerPurchased 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 related Mortgage NotePromissory Note being assigned to Purchaser, each holder of such Mortgage the Promissory Note was authorized to originate, acquire and/or hold (as applicable) such Mortgage Note transact and do business in the jurisdiction in which the each related Mortgaged Property is located, or the failure to be so authorized does not materially and adversely affect the enforceability of such Mortgage Loan by Sellerany holder thereof.

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

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 related Mortgage Note, each holder of such the Mortgage Note was authorized to originate, acquire and/or hold (as applicable) such the Mortgage Note in the jurisdiction in which the each related Mortgaged Property is located, or the failure to be so authorized does not materially and adversely affect the enforceability of such Mortgage Loan by SellerPurchased Loan.