Common use of Due Organization and Good Standing Clause in Contracts

Due Organization and Good Standing. The Servicer is duly organized, validly existing and in good standing a limited liability company under the laws of the State of Delaware and has the power and authority to own its assets and to transact the business in which it is currently engaged, and the Servicer is in compliance with the laws of each state or other jurisdiction in which any Mortgaged Property is located to the extent necessary to perform its obligations under this Agreement.

Due Organization and Good Standing. The Servicer is duly organized, validly existing and in good standing as a limited liability company under the laws of the State of Delaware and has the power and authority to own its assets and to transact the business in which it is currently engaged, and the Servicer is in compliance with the laws of each state or other jurisdiction in which any Mortgaged Property is located to the extent necessary to perform its obligations under this Agreement.

Due Organization and Good Standing. The Servicer has been duly organized and is duly organized, validly existing and as a corporation in good standing a limited liability company under the laws of the State of Delaware and has the Delaware, with power and authority to own its assets properties and to transact the conduct its business in which it as such properties shall be currently owned and such business is currently engagedpresently conducted, and had at all relevant times, and shall have, power, authority and legal right to acquire, own and service the Servicer is in compliance with the laws of each state or other jurisdiction in which any Mortgaged Property is located to the extent necessary to perform its obligations under this AgreementReceivables.

Due Organization and Good Standing. The Servicer is duly organized, validly existing and in good standing a limited liability company under the laws of the State of Delaware Delaware, and has the power full power, authority and authority legal right to own its assets properties and conduct its business as such properties are presently owned and such business is presently conducted, and to transact the business in which it is currently engagedexecute, deliver and the Servicer is in compliance with the laws of each state or other jurisdiction in which any Mortgaged Property is located to the extent necessary to perform its obligations under this Agreement. The Servicer is duly qualified to do business and is in good standing as a foreign limited liability company, and has obtained all necessary licenses and approvals in each jurisdiction in which the nature of its activities requires such qualification or licensing.