Common use of Due Qualification and Good Standing Clause in Contracts

Due Qualification and Good Standing. The Seller is validly existing and in good standing under the Laws of its jurisdiction of incorporation. The Seller is duly qualified to do business and, to the extent applicable, is in good standing in each other jurisdiction in which the nature of its business, assets and properties, including the performance of its obligations under this Agreement, the other Facility Documents to which it is a party and its Constituent Documents, requires such qualification, except where the failure to be so qualified or in good standing would not reasonably be expected to have a Material Adverse Effect.

Due Qualification and Good Standing. The Seller is validly existing and in good standing under the Laws laws of its jurisdiction of incorporationformation. The Seller is duly qualified to do business and, to the extent applicable, is in good standing in each other jurisdiction in which the nature of its business, assets and properties, including the performance of its obligations under this Agreement, Agreement and the other Facility Transaction Documents to which it is a party and its Constituent Documentsparty, requires such qualification, except where the failure to be so qualified or in good standing would not reasonably be expected to have a Material Adverse Effect.

Due Qualification and Good Standing. The Seller is validly existing and in good standing under the Laws laws of its jurisdiction of incorporation. The Seller is duly qualified to do business and, to the extent applicable, is in good standing in each other jurisdiction in which the nature of its business, assets and properties, including the performance of its obligations under this Agreement, the other Facility Documents to which it is a party and its Constituent Documents, requires such qualification, except where the failure to be so qualified or in good standing would not reasonably be expected to have a Material Adverse Effect.

Due Qualification and Good Standing. The Seller is validly existing and in good standing under the Laws of its jurisdiction of incorporationformation. The Seller is duly qualified to do business and, to the extent applicable, is in good standing in each other jurisdiction in which the nature of its business, assets and properties, including the performance of its obligations under this Agreement, the other Facility Documents to which it is a party and its Constituent Documents, requires such qualification, except where the failure to be so qualified or in good standing would not reasonably be expected to have a Material Adverse Effect.