Common use of Due Obligation Clause in Contracts

Due Obligation. Seller is duly qualified to do business and is in good standing as a foreign corporation (or is exempt from such requirements) and has obtained all necessary licenses and approvals, in each jurisdiction in which failure to so qualify or to obtain such licenses and approvals would (i) render any Receivable unenforceable by Seller, HARC or any Trust and (ii) have a material adverse effect on any Secured Parties.

Due Obligation. Seller is duly qualified to do business and is in good standing as a foreign corporation (or is exempt from such requirements) and has obtained all necessary licenses and approvals, in each jurisdiction in which failure to so qualify or to obtain such licenses and approvals would (i) render any Receivable unenforceable by Seller, HARC or any the Trust and (ii) have a material adverse effect on any the Secured Parties.

Due Obligation. The Seller is duly qualified to do business and is in good standing as a foreign corporation (or is exempt from such requirements) and has obtained all necessary licenses and approvals, in each jurisdiction in which failure to so qualify or to obtain such licenses and approvals would (i) render any Receivable unenforceable by the Seller, HARC or any the Trust and (ii) have a material adverse effect on any Secured Partiesthe Noteholders.

Due Obligation. The Seller is duly qualified to do business and is in good standing as a foreign corporation (or is exempt from such requirements) and has obtained all necessary licenses and approvals, in each jurisdiction in which failure to so qualify or to obtain such licenses and approvals would (i) render any Receivable unenforceable by the Seller, HARC or any the Trust and (ii) have a material adverse effect on any the related Series Secured Parties.