Common use of Due Organization and Good Standing Clause in Contracts

Due Organization and Good Standing. Purchaser is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware. Purchaser is qualified to transact business in each jurisdiction in which such qualification is deemed necessary.

Appears in 52 contracts

Samples: Future Spread Agreement for Non Agency Mortgage Loans, Current Excess Servicing Spread Acquisition Agreement, Future Spread Agreement for Non Agency Mortgage Loans (Nationstar Mortgage Holdings Inc.)

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Due Organization and Good Standing. Purchaser is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware. Purchaser is qualified to transact business in each jurisdiction in which such qualification is deemed necessarynecessary to service the Mortgage Loans and has all related licenses, registrations, permits, and approvals required in accordance with Applicable Requirements.

Appears in 1 contract

Samples: Mortgage Servicing Rights Purchase and Sale Agreement (Ocwen Financial Corp)

Due Organization and Good Standing. Purchaser is a limited liability company partnership duly organized, validly existing and in good standing under the laws of the State of Delaware. Purchaser is qualified to transact business in each jurisdiction in which such qualification is deemed necessary.

Appears in 1 contract

Samples: Reference Spread Payment Agreement (GlassBridge Enterprises, Inc.)

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Due Organization and Good Standing. Purchaser is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware. To the extent required by Applicable Law, Purchaser is properly licensed and qualified to transact business in each jurisdiction in which such qualification is deemed necessaryall appropriate jurisdictions.

Appears in 1 contract

Samples: Master Mortgage Loan Purchase and Sale Agreement (Residential Capital, LLC)

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