Due Qualification. Seller is duly qualified to do business as a foreign corporation, is in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification.
Appears in 175 contracts
Samples: Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2024-3), Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2024-3), Purchase Agreement (AmeriCredit Automobile Receivables Trust 2024-1)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is entity in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires or shall require such qualification.;
Appears in 146 contracts
Samples: Pooling Agreement (Ally Auto Receivables Trust 2024-1), Pooling Agreement (Ally Auto Receivables Trust 2024-1), Pooling Agreement (Ally Auto Receivables Trust 2023-1)
Due Qualification. The Seller is shall be duly qualified to do business as a foreign corporation, is limited liability company in good standing, and has shall have obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications and where the failure to so qualify will have a material adverse effect on the ability of the Seller to conduct its business or perform its obligations under this Agreement.
Appears in 116 contracts
Samples: Sale and Servicing Agreement (Toyota Auto Receivables 2024-C Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2024-C Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2024-B Owner Trust)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is in good standing, standing and has obtained all necessary licenses and approvals in all jurisdictions in which where the ownership or lease of its property failure to do so would materially and adversely affect Seller’s ability to transfer the Receivables and the Other Conveyed Property to the Trust pursuant to this Agreement, or the conduct validity or enforceability of its business requires such qualificationthe Receivables and the Other Conveyed Property or to perform Seller’s obligations hereunder and under the Seller’s Basic Documents.
Appears in 109 contracts
Samples: Sale and Servicing (GM Financial Consumer Automobile Receivables Trust 2020-1), Sale and Servicing (GM Financial Consumer Automobile Receivables Trust 2020-1), Sale and Servicing (GM Financial Consumer Automobile Receivables Trust 2019-4)
Due Qualification. The Seller is shall be duly qualified to do business as a foreign corporation, is corporation in good standing, and has shall have obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications and where the failure to so qualify will have a material adverse effect on the ability of the Seller to conduct its business or perform its obligations under this Agreement.
Appears in 106 contracts
Samples: Receivables Purchase Agreement (Toyota Auto Receivables 2024-C Owner Trust), Form of Receivables Purchase Agreement (Toyota Auto Receivables 2024-C Owner Trust), Receivables Purchase Agreement (Toyota Auto Receivables 2024-B Owner Trust)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications and where the failure to so qualify would have a material adverse effect on the ability of the Seller to perform its obligations under this Agreement.
Appears in 87 contracts
Samples: Sale and Servicing Agreement, Sale and Servicing Agreement (Nissan Auto Receivables 2019-B Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables 2019-B Owner Trust)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications.
Appears in 72 contracts
Samples: Sale and Servicing Agreement (Honda Auto Receivables 2011-1 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2011-1 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2010-3 Owner Trust)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications.
Appears in 61 contracts
Samples: Sale and Servicing Agreement (Hyundai Abs Funding Corp), Purchase Agreement (Caterpillar Financial Asset Trust 2005-A), Receivables Purchase Agreement (Hyundai Abs Funding Corp)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which where the ownership or lease of its property or failure to do so would materially and adversely affect the conduct of its business requires such qualificationSeller’s ability to acquire, own and service the Receivables.
Appears in 53 contracts
Samples: Receivables Purchase Agreement (Hyundai Auto Receivables Trust 2015-C), Sale and Servicing Agreement (Hyundai Auto Receivables Trust 2015-C), Receivables Purchase Agreement (Hyundai Auto Receivables Trust 2015-B)
Due Qualification. Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification.
Appears in 43 contracts
Samples: Purchase Agreement, Purchase Agreement (Americredit Financial Services Inc), Purchase Agreement (AmeriCredit Automobile Receivables Trust 2008-1)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership failure to so qualify or lease of its property to obtain such license or approval would render any Receivable unenforceable that would otherwise be enforceable by the Seller, the Sub-Servicer or the conduct of its business requires such qualificationOwner Trustee.
Appears in 41 contracts
Samples: Sale and Servicing Agreement (John Deere Owner Trust 2019), Sale and Servicing Agreement (John Deere Owner Trust 2019), Sale and Servicing Agreement (John Deere Receivables, Inc.)
Due Qualification. Seller is duly qualified to do business as a foreign corporationlimited liability company, is in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification.
Appears in 38 contracts
Samples: Purchase Agreement (Exeter Automobile Receivables Trust 2024-4), Purchase Agreement (Exeter Automobile Receivables Trust 2024-4), Purchase Agreement (Exeter Automobile Receivables Trust 2024-3)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions each jurisdiction in which such qualification, license or approval is necessary for the ownership or lease performance of its property or obligations under and consummation of the conduct of its business requires such qualificationtransactions contemplated by the Basic Documents.
Appears in 37 contracts
Samples: Receivables Purchase Agreement (Honda Auto Receivables 2015-4 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2015-4 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2015-3 Owner Trust)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has shall have obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications.
Appears in 37 contracts
Samples: Sale and Servicing Agreement (United Pan Am Financial Corp), Sale and Servicing Agreement (WFS Financial 2005-3 Owner Trust), Sale and Servicing Agreement (WFS Receivables Corp 4)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires (including the servicing of the Receivables as required by the Sale and Servicing Agreement) shall require such qualificationqualifications.
Appears in 32 contracts
Samples: Receivables Purchase Agreement (American Honda Receivables LLC), Receivables Purchase Agreement (Honda Auto Receivables 2011-1 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2011-1 Owner Trust)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is business trust in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications.
Appears in 28 contracts
Samples: Sale and Servicing Agreement (Mmca Auto Owner Trust 2001 2), Sale and Servicing Agreement (Mmca Auto Owner Trust 2001-1), Sale and Servicing Agreement (Mmca Auto Owner Trust 2001-1)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification.
Appears in 19 contracts
Samples: Sale and Servicing Agreement (Olympic Financial LTD), Sale and Servicing Agreement (Arcadia Receivables Finance Corp), Sale and Servicing Agreement (Arcadia Receivables Finance Corp)
Due Qualification. The Seller is shall be duly qualified to do business as a foreign corporation, is limited partnership in good standing, and has shall have obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications.
Appears in 18 contracts
Samples: Sale and Servicing Agreement (Ford Credit Auto Receivables Two L P), Sale and Servicing Agreement (Ford Credit Auto Receivables Two L P), Sale Agreement (Ford Credit Auto Receivables Two L P)
Due Qualification. The Seller is shall be duly qualified to do business as a foreign corporation, is corporation in good standing, and has shall have obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications.
Appears in 17 contracts
Samples: Pooling and Servicing Agreement (Toyota Motor Credit Corp), Pooling and Servicing Agreement (Fleetwood Credit Receivables Corp), Sale and Servicing Agreement (Fleetwood Credit Receivables Corp)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification.
Appears in 12 contracts
Samples: Sale and Servicing (Afs Sensub Corp.), Purchase Agreement (Afs Sensub Corp.), Sale and Servicing (Afs Sensub Corp.)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires or shall require such qualification.;
Appears in 11 contracts
Samples: Pooling Agreement (Navistar Financial Corp), Pooling Agreement (Navistar Financial Corp), Pooling Agreement (Navistar Financial Corp)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, corporation and is in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications and in which the failure to do so would materially and adversely affect the Purchaser’s performance of its obligations under, the validity or enforceability of, this Agreement or the Seller Assets.
Appears in 11 contracts
Samples: Receivables Purchase Agreement (California Republic Funding LLC), Sale Agreement (UPFC Auto Receivables Trust 2007-A), Sale Agreement (UPFC Auto Receivables Trust 2005-A)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualificationqualifications.
Appears in 8 contracts
Samples: Purchase Agreement (Caterpillar Financial Funding Corp), Purchase Agreement (Caterpillar Financial Asset Trust 2006-A), Purchase Agreement (Caterpillar Financial Funding Corp)
Due Qualification. Seller is duly qualified to do business as a foreign corporationstatutory trust, is in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification.
Appears in 8 contracts
Samples: Sale Agreement (Exeter Automobile Receivables Trust 2021-3), Sale Agreement (Exeter Automobile Receivables Trust 2021-3), Sale Agreement (Exeter Automobile Receivables Trust 2021-2)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualificationqualifications.
Appears in 8 contracts
Samples: Trust and Servicing Agreement (Uacsc 2001-C Owner Trust), Trust and Servicing Agreement (Uacsc Auto Trusts Uacsc 1999-C Owner Trust Auto Rec Bac Note), Trust and Servicing Agreement (Uacsc 2000-D Owner Trust Auto Rec Backed Notes)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, corporation and is in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications and in which the failure to do so would materially and adversely affect the Purchaser’s performance of its obligations under, the validity or enforceability of, this Agreement or the Conveyed Assets.
Appears in 8 contracts
Samples: Receivables Purchase Agreement (California Republic Auto Receivables Trust 2015-2), Receivables Purchase Agreement (California Republic Funding LLC), Receivables Purchase Agreement (California Republic Funding LLC)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification.;
Appears in 7 contracts
Samples: Sale and Servicing Agreement (Capital Auto Receivables Inc), Trust Sale and Servicing Agreement (Capital Auto Receivables Inc), Sale and Servicing Agreement (Capital Auto Receivables Inc)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires (including the origination of the Samco Receivables as required by the Sale and Servicing Agreement) shall require such qualificationqualifications.
Appears in 7 contracts
Samples: Execution (Consumer Portfolio Services Inc), Purchase Agreement (Consumer Portfolio Services Inc), Receivables Purchase Agreement (Consumer Portfolio Services Inc)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications.
Appears in 7 contracts
Samples: Receivables Purchase Agreement (Nal Financial Group Inc), Receivables Purchase Agreement (Nal Financial Group Inc), Receivables Purchase Agreement (World Omni Auto Receivables LLC)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires (including the origination and the servicing of the Receivables as required by the Sale and Servicing Agreement) shall require such qualificationqualifications.
Appears in 6 contracts
Samples: CPS Purchase Agreement (Consumer Portfolio Services Inc), Execution (Consumer Portfolio Services Inc), Purchase Agreement (Consumer Portfolio Services Inc)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires (including the origination, sale and servicing of the Receivables as required by this Agreement) shall require such qualificationqualifications.
Appears in 6 contracts
Samples: Sale and Servicing Agreement (Consumer Portfolio Services Inc), Sale and Servicing Agreement (Consumer Portfolio Services Inc), Sale and Servicing Agreement (Consumer Portfolio Services Inc)
Due Qualification. The Seller is duly qualified to do business as a foreign corporationlimited liability company, is in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications.
Appears in 5 contracts
Samples: Contribution Agreement (Capital One Auto Receivables LLC), Contribution Agreement (Capital One Auto Finance Trust 2002-C), Contribution Agreement (Capital One Auto Finance Trust 2002-A)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires or the consummation of the transactions contemplated by the Basic Documents shall require such qualificationqualifications.
Appears in 5 contracts
Samples: Sale and Servicing Agreement (Consumer Portfolio Services Inc), Sale and Servicing (Consumer Portfolio Services Inc), Agreement (Consumer Portfolio Services Inc)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires (including the origination and the servicing of the Receivables as required by the Pooling and Servicing Agreement) shall require such qualificationqualifications.
Appears in 5 contracts
Samples: Receivables Purchase Agreement (Consumer Portfolio Services Inc), Purchase Agreement (Consumer Portfolio Services Inc), CPS Purchase Agreement (Consumer Portfolio Services Inc)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property property, including the Receivables, or the conduct of its business requires shall require such qualificationqualifications.
Appears in 5 contracts
Samples: Sale and Servicing (TMS Auto Holdings Inc), Sale and Servicing (TMS Auto Holdings Inc), Sale and Servicing (TMS Auto Holdings Inc)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, corporation and is in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications.
Appears in 4 contracts
Samples: Form of Purchase Agreement (FCC Receivables Corp), Purchase Agreement (Franklin Receivables LLC), Purchase Agreement (Franklin Receivables LLC)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, corporation and is in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires (including, without limitation, the origination and servicing of the Receivables) shall require such qualificationqualifications.
Appears in 4 contracts
Samples: Purchase Agreement (Franklin Receivables Auto Trust 2003-1), Purchase Agreement (Franklin Auto Trust 2004-2), Purchase Agreement (Franklin Auto Trust 2003-2)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires (including the origination of the Linc Receivables as required by the Sale and Servicing Agreement) shall require such qualificationqualifications.
Appears in 4 contracts
Samples: Execution (Consumer Portfolio Services Inc), Purchase Agreement (Consumer Portfolio Services Inc), Purchase Agreement (Consumer Portfolio Services Inc)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, corporation and is in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires (including without limitation, the origination and servicing of the Receivables) shall require such qualificationqualifications.
Appears in 4 contracts
Samples: Purchase Agreement (Franklin Auto Trust 2003-2), Purchase Agreement (Franklin Receivables Auto Trust 2003-1), Purchase Agreement (Franklin Auto Trust 2004-2)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires or shall require such qualification.
Appears in 3 contracts
Samples: Pooling Agreement (Navistar Financial Corp), Pooling Agreement (Navistar Financial Corp), Pooling Agreement (Navistar Financial Corp)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualification.qualifications. (c)
Appears in 3 contracts
Samples: Sale and Servicing Agreement (Mmca Auto Receivables Inc), Sale and Servicing Agreement (Mmca Auto Receivables Inc), Sale and Servicing Agreement (Mmca Auto Receivables Inc)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is company in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property property, including the Receivables, or the conduct of its business requires shall require such qualificationqualifications.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (Painewebber Asset Acceptance Corp), Sale and Servicing Agreement (Ml Asset Backed Corp), Sale and Servicing Agreement (Ml Asset Backed Corp)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is limited liability company in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (American Honda Receivables LLC), Pooling and Servicing Agreement (Pooled Auto Securities Shelf LLC), Pooling and Servicing Agreement (World Omni Auto Receivables LLC)
Due Qualification. The Seller is duly qualified to do business and is in good standing as a foreign corporation, is in good standing, corporation and has obtained all necessary licenses and approvals approvals, in all jurisdictions each jurisdiction in which the ownership or lease of its property or the conduct nature of its business requires such qualificationit to be so qualified.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (American Capital Strategies LTD), Purchase and Sale Agreement (American Capital Strategies LTD), Purchase and Sale Agreement (American Capital Strategies LTD)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires (including the origination of the Samco Receivables as required by the Pooling and Servicing Agreement) shall require such qualificationqualifications.
Appears in 2 contracts
Samples: Purchase Agreement (Consumer Portfolio Services Inc), Purchase Agreement (Consumer Portfolio Services Inc)
Due Qualification. Seller is duly qualified to do business as a foreign corporation[_______], is in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification.
Appears in 2 contracts
Samples: Sale Agreement (Efcar, LLC), Sale Agreement (Efcar, LLC)
Due Qualification. Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification.
Appears in 2 contracts
Samples: Transfer Agreement (Conseco Finance Securitizations Corp), Transfer Agreement (Conseco Finance Securitizations Corp)
Due Qualification. Seller is duly qualified to do business ----------------- as a foreign corporation, corporation and is in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business business, including without limitation, the acquisition and sale of the Receivables, requires such qualification.
Appears in 2 contracts
Samples: Purchase Agreement (TFC Enterprises Inc), Purchase Agreement (TFC Enterprises Inc)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification.;
Appears in 2 contracts
Samples: Purchase Agreement and Assignment (Prudential Securities Secured Financing Corp), Purchase Agreement and Assignment (Prudential Securities Secured Financing Corp)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation----------------- and, where necessary, is in good standing, standing as a foreign corporation (or is exempt from such requirement) and has obtained all necessary licenses and approvals in all jurisdictions each jurisdiction in which the ownership or lease of its property or the conduct of its business requires such qualificationqualification except where the failure to so qualify, be in good standing or obtain licenses or approvals would not have a Material Adverse Effect.
Appears in 2 contracts
Samples: Interest Purchase Agreement (Federal Mogul Corp), Receivable Interest Purchase Agreement (Federal Mogul Corp)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, corporation and is in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification.and
Appears in 2 contracts
Samples: Subsequent Purchase Agreement (Franklin Receivables LLC), Subsequent Purchase Agreement (Franklin Receivables LLC)
Due Qualification. Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business (including the origination and the servicing of the Receivables) requires such qualification.qualifications. (c)
Appears in 2 contracts
Samples: First Tier Receivables Purchase Agreement (Asset Backed Securities Corp), First Tier Receivables Purchase Agreement (Compass Auto Receivables Trust 1998-A)
Due Qualification. Such Seller is duly qualified to do business and is in good standing as a foreign corporation, corporation (or is in good standingexempt from such requirements), and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification, licenses or approvals.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (International Comfort Products Corp), Receivables Purchase Agreement (International Comfort Products Corp)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires (including the origination, sale and servicing of the Receivables and the Other Conveyed Property as required by this Agreement) shall require such qualificationqualifications.
Appears in 2 contracts
Samples: Sale and Servicing (Silverleaf Resorts Inc), Sale and Servicing Agreement (Silverleaf Resorts Inc)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is entity in good standing, and has obtained all necessary licenses licenses, permits and approvals in all jurisdictions in which the ownership or lease of its property Property or the conduct of its business requires shall require such qualificationqualifications.
Appears in 2 contracts
Samples: Sale and Servicing Agreement, Sale and Servicing Agreement (DriveTime Automotive, Inc.)
Due Qualification. Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business (including, without limitation, such business as a "premium finance company") requires such qualificationqualification or approvals.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Anuhco Inc), Receivables Purchase Agreement (Anuhco Inc)
Due Qualification. The Seller is duly qualified to do business ----------------- as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp), Pooling and Servicing Agreement (Nissan Auto Receivables Corp /De)
Due Qualification. The Seller is duly qualified to do business as ----------------- a foreign corporation, is company in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property property, including the Receivables, or the conduct of its business requires shall require such qualificationqualifications.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Prudential Securities Secured Financing Corp), Sale and Servicing Agreement (Prudential Securities Secured Financing Corp)
Due Qualification. The Seller is duly qualified to do business as a ----------------- foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires or shall require such qualification.;
Appears in 1 contract
Samples: Pooling Agreement (Navistar Financial Retail Receivables Corporation)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is entity in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business (including the servicing of the Series 2007-SN1 Lease Assets) requires or shall require such qualification.;
Appears in 1 contract
Samples: Sale and Contribution Agreement (Capital Auto Receivables Asset Trust 2007-Sn1)
Due Qualification. Such Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, standing and has obtained all necessary licenses and approvals in all jurisdictions each jurisdiction in which the ownership failure to so qualify or lease of its property or the conduct of its business requires to obtain such qualificationlicenses and approvals would have a Material Adverse Effect.
Appears in 1 contract
Due Qualification. Seller is duly qualified to do business as a ----------------- foreign corporation, corporation and is in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business business, including without limitation, the acquisition and sale of the Receivables, requires such qualification.
Appears in 1 contract
Due Qualification. Seller is duly qualified to do business as a ----------------- foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification.
Appears in 1 contract
Due Qualification. The Seller is duly qualified to do business as a ----------------- foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification, licenses and/or approvals.
Appears in 1 contract
Due Qualification. The Seller is duly qualified to do business ----------------- as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification.
Appears in 1 contract
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business (including the servicing of the Series 200_-__ Lease Assets) requires or shall require such qualification.;
Appears in 1 contract
Samples: Sale and Contribution Agreement (Central Originating Lease Trust)
Due Qualification. The Seller is duly qualified to do business ----------------- as a foreign corporation, corporation and is in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications.
Appears in 1 contract
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification.and
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Consumer Portfolio Services Inc)
Due Qualification. Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership failure to so qualify or lease of its property obtain such licenses or the conduct of its business requires such qualificationapprovals would have a Material Adverse Effect.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Charming Shoppes Inc)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is or extra-provincial corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications.
Appears in 1 contract
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is entity in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification.;
Appears in 1 contract
Samples: Pooling and Administration Agreement (Capital Auto Receivables LLC)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, standing and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualificationqualifications.
Appears in 1 contract
Samples: Trust and Servicing Agreement (Uacsc 2002-a Owner TRST Auto Receivable Back Nt)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is entity in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business (including the servicing of the Series 20__-SN_ Lease Assets) requires or shall require such qualification.;
Appears in 1 contract
Samples: Sale and Contribution Agreement (Central Originating Lease Trust)
Due Qualification. Seller is duly qualified to do business as a foreign corporation, is limited liability company in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications.
Appears in 1 contract
Samples: Origination Agreement (Carvana Co.)
Due Qualification. Seller is duly qualified to do business and is in good standing as a foreign corporation, corporation (or is exempt from such requirements) in good standing, any jurisdiction where such qualification is required to conduct its business and has obtained all necessary licenses and approvals in all jurisdictions each jurisdiction in which the ownership failure to so qualify or lease of its property or the conduct of its business requires to obtain such qualificationlicenses and approvals could reasonably be expected to have a Material Adverse Effect.
Appears in 1 contract
Samples: Purchase Agreement (Consumer Portfolio Services Inc)
Due Qualification. Each Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification, licenses and/or approvals.
Appears in 1 contract
Due Qualification. Such Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications.
Appears in 1 contract
Due Qualification. Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications, except where the failure to so obtain would not have a material adverse impact either on Seller, the transactions contemplated in the Basic Documents or the Receivables.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Amsouth Auto Receivables LLC)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification.qualifications. (iii)
Appears in 1 contract
Samples: Trust and Servicing Agreement (Uacsc Auto Trusts Uacsc 1999-D Owner Trust Auto Rec Bac Note)
Due Qualification. Seller is duly licensed or qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership ownership, lease or lease license of its property or the conduct of its business requires such licensing or qualification.
Appears in 1 contract
Samples: Purchase and Resale Agreement (Aspen Technology Inc /De/)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business (including the servicing of the Series 2005-SN1 Lease Assets) requires or shall require such qualification.;
Appears in 1 contract
Samples: Sale and Contribution Agreement (Capital Auto Receivables Asset Trust 2005-Sn1)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, standing and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business (including the servicing of the Notes as required by this Agreement) requires or shall require such qualification.;
Appears in 1 contract
Samples: Asset Purchase and Service Agreement (Jackson Hewitt Inc)
Due Qualification. Seller is duly qualified to do business as a ----------------- foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification, licenses or approvals.
Appears in 1 contract
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires (including the origination of the Linc Receivables as required by the Pooling and Servicing Agreement) shall require such qualificationqualifications.
Appears in 1 contract
Samples: Purchase Agreement (Consumer Portfolio Services Inc)
Due Qualification. The Seller is duly qualified to do ----------------- business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires shall require such qualificationqualifications.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Morgan Stanley Abs Capital Ii Inc)
Due Qualification. Seller is duly qualified to do business as a foreign corporation, is limited liability company in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification.
Appears in 1 contract
Samples: Purchase Agreement (Triad Automobile Receivables Trust 2002 A)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which material to the ownership or lease performance of its property or the conduct of its business requires such qualificationobligations under this Agreement.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Consumer Portfolio Services Inc)
Due Qualification. The Seller is duly qualified to do business ----------------- as a foreign corporation, corporation and is in good standing, and has obtained all necessary licenses and approvals standing in all jurisdictions each jurisdiction in which the ownership character of the business transacted by it or lease properties owned or leased by it or the performance of its property or the conduct of its business obligations hereunder requires such qualificationqualification and in which the failure so to qualify would have a material adverse effect on the performance of the Seller's obligations hereunder.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Transamerica Consumer Mortgage Receivables Corp)
Due Qualification. The Seller is duly qualified to do ----------------- business and is in good standing as a foreign corporation, corporation (or is in good standingexempt from such requirements), and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or each jurisdiction necessary for the conduct of its business requires such qualificationbusiness.
Appears in 1 contract
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires (including the origination of the [Affiliated Originator] Receivables as required by the Pooling and Servicing Agreement) shall require such qualificationqualifications.
Appears in 1 contract
Samples: Purchase Agreement (Consumer Portfolio Services Inc)
Due Qualification. The Seller is duly qualified to do business as a foreign corporation, is corporation in good standing, and has obtained all necessary licenses and approvals approvals, in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires or shall require such qualification.
Appears in 1 contract