Common use of Due Qualification Clause in Contracts

Due Qualification. CNHCR is duly qualified to do business as a foreign limited liability company in good standing, and has obtained all necessary licenses and approvals, in all jurisdictions in which the ownership of property or the conduct of its business shall require such qualifications, except where the failure to be so qualified and have such licenses and approvals would not have a material adverse effect on (i) the Trust Estate, (ii) CNHCR’s performance of its obligations under the Basic Documents to which it is a party, (iii) the business or condition (financial or otherwise) of CNHCR or (iv) the validity or enforceability of any Receivable.

Due Qualification. CNHCR CNHICA is duly qualified to do business as a foreign limited liability company in good standing, and has obtained all necessary licenses and approvals, in all jurisdictions in which the ownership of property or the conduct of its business shall require such qualifications, except where the failure to be so qualified and have such licenses and approvals would not have a material adverse effect on (ia) the Trust Estate, (iib) CNHCRCNHICA’s performance of its obligations under the Basic Documents to which it is a party, (iiic) the business or condition (financial or otherwise) of CNHCR CNHICA or (ivd) the validity or enforceability of any Receivable.

Due Qualification. CNHCR is duly qualified to do business as a foreign limited liability company in good standing, and has obtained all necessary licenses and approvals, in all jurisdictions in which the ownership or lease of property or the conduct of its business shall require such qualifications, except where the failure to be so qualified and have such licenses and approvals would not have a material adverse effect on (i) the Trust Estate, (ii) CNHCR’s performance of its obligations under the Basic Documents to which it is a party, (iii) the business or condition (financial or otherwise) of CNHCR or (iv) the validity or enforceability of any Receivable.

Due Qualification. CNHCR CNHCA is duly qualified to do business as a foreign limited liability company in good standing, and has obtained all necessary licenses and approvals, in all jurisdictions in which the ownership or lease of property or the conduct of its business shall require such qualifications, except where the failure to be so qualified and have such licenses and approvals would not have a material adverse effect on (ia) the Trust Estate, (iib) CNHCRCNHCA’s performance of its obligations under the Basic Documents to which it is a party, (iiic) the business or condition (financial or otherwise) of CNHCR CNHCA or (ivd) the validity or enforceability of any Receivable.

Due Qualification. CNHCR CNHICA is duly qualified to do business as a foreign limited liability company in good standing, and has obtained all necessary licenses and approvals, in all jurisdictions in which the ownership or lease of property or the conduct of its business shall require such qualifications, except where the failure to be so qualified and have such licenses and approvals would not have a material adverse effect on (ia) the Trust Estate, (iib) CNHCRCNHICA’s performance of its obligations under the Basic Documents to which it is a party, (iiic) the business or condition (financial or otherwise) of CNHCR CNHICA or (ivd) the validity or enforceability of any Receivable.

Due Qualification. CNHCR is duly qualified to do business as a foreign limited liability company in good standing, and has obtained all necessary licenses and approvals, in all jurisdictions in which the ownership or lease of property or the conduct of its business shall require such qualifications, except where the failure to be so qualified and have such licenses and approvals would not have a material adverse effect on (i) the Trust Estate, (ii) CNHCR’s performance of its obligations under the Basic Documents to which it is a party, (iii) or the business or condition (financial or otherwise) of CNHCR or (iv) impair the validity or enforceability of any Receivable.