Due Organization and Good Standing. The Purchaser is duly organized, validly existing and in good standing under the laws of the state of its organization and has the power and authority to own its assets and to transact the business in which it is currently engaged.
Appears in 8 contracts
Samples: Master Spread Acquisition and MSR Servicing Agreement (PennyMac Mortgage Investment Trust), Master Spread Acquisition and MSR Servicing Agreement (PennyMac Mortgage Investment Trust), Master Spread Acquisition and MSR Servicing Agreement (PennyMac Mortgage Investment Trust)
Due Organization and Good Standing. The Purchaser is duly organized, validly existing existing, and in good standing under the laws of the state of its organization and has the power and authority to own its assets and to transact the business in which it is currently engagedorganization.
Appears in 3 contracts
Samples: Subscription and Standby Commitment Agreement (Westpoint International Inc), Subscription and Standby Commitment Agreement (Westpoint International Inc), Subscription and Standby Commitment Agreement (American Real Estate Partners L P)
Due Organization and Good Standing. The Purchaser is duly organized, validly existing and in good standing under the laws of the state of its organization and has the power and authority to own its assets and to transact the business in which it is currently engaged.β
Appears in 2 contracts
Samples: Master Spread Acquisition and MSR Servicing Agreement (Pennymac Financial Services, Inc.), Master Spread Acquisition and MSR Servicing Agreement (PennyMac Mortgage Investment Trust)
