Common use of Due Formation and Good Standing Clause in Contracts

Due Formation and Good Standing. The Servicer is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Arizona, has all limited liability company power and authority to carry on its business as now conducted and is qualified to do business in, and is in good standing in, every jurisdiction where the nature of its business requires it to be so qualified except where the failure so to qualify could not reasonably be expected to result in a Material Adverse Change.

Due Formation and Good Standing. The Servicer is a limited liability company company, duly organized, validly existing and in good standing under the laws of the State of Arizona, Arizona and has all limited liability company power and authority to carry on its business as now conducted and is qualified to do business in, and is in good standing in, every jurisdiction where the nature of its business requires it to be so qualified except where the failure so to qualify could not reasonably be expected to result in have a Material Adverse ChangeEffect.

Due Formation and Good Standing. The Servicer is a limited liability company corporation duly organizedincorporated, validly existing and in good standing under the laws of the State of Arizona, has all limited liability company corporate power and authority to carry on its business as now conducted and is qualified to do business in, and is in good standing in, every jurisdiction where the nature of its business requires it to be so qualified except where the failure so to qualify could not reasonably be expected to result in have a Material Adverse ChangeEffect.