Common use of Due Qualification Clause in Contracts

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;

Due Qualification. The Servicer is duly qualified to do business as a foreign corporation, is entity in good standing 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 (including the servicing of the Receivables as required by this AgreementReceivables) requires or shall require such qualification;

Due Qualification. The Servicer is shall be duly qualified to do business as a foreign corporation, is corporation in good standing standing, and has shall have obtained all necessary licenses and approvals, approvals in all jurisdictions in which the ownership or lease of property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;qualifications and where the failure to so qualify will have a material adverse effect on the ability of the Servicer to conduct its business or perform its obligations under this Agreement.

Due Qualification. The Servicer is duly qualified to do business as a foreign corporation, is corporation in good standing standing, and has obtained all necessary material licenses and approvals, in all jurisdictions in which the ownership or lease of property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;qualifications, except where the failure to be so qualified or to have obtained such licenses or approvals would not have a material adverse effect on the Servicer’s earnings, business affairs or business prospects.

Due Qualification. The Servicer is duly qualified to do business as a foreign corporationbusiness, is in good standing as a foreign entity and has obtained all necessary licenses and approvals, approvals in all jurisdictions in which the ownership or lease of property or the conduct of its business (including or the servicing of the Pool Receivables as required by this Agreement) Agreement requires or shall require such qualification;, licenses or approvals, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.

Due Qualification. The Servicer 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 property or the conduct of its business (including relating to the servicing of the Receivables as required by this Agreement) requires or Agreement shall require such qualification;qualifications and where the failure to so qualify would have a material adverse effect on the ability of the Servicer to perform its obligations under this Agreement.

Due Qualification. The Servicer 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 each jurisdiction in which the ownership failure to so qualify or lease to obtain such licenses and approvals would, in the reasonable judgment of property the Servicer, materially and adversely affect the performance by the Servicer of its obligations under, or the conduct of its business (including the servicing validity or enforceability of, this Agreement, any of the Receivables as required by this Agreement) requires other Transaction Documents, the Receivables, the Notes or shall require such qualification;the Certificates.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;qualifications.

Due Qualification. The Servicer 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 each jurisdiction in which such qualification, license or approval is necessary for the ownership or lease of property or the conduct performance of its business (including the servicing obligations under and consummation of the Receivables as required transactions contemplated by this Agreement) requires or shall require such qualification;the Basic Documents.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;

Due Qualification. The Servicer is duly qualified to do business as a foreign corporationbusiness, is in good standing as a foreign entity (or is exempt from such requirements) and has obtained all necessary licenses and approvals, approvals in all jurisdictions each jurisdiction in which the ownership or lease of property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;, licenses or approvals, except where the failure to so qualify or obtain licenses or approvals would not reasonably be expected to have a Material Adverse Effect.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;qualifications.

Due Qualification. The Servicer 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 where the ownership or lease of property or failure to do so would reasonably be expected to materially and adversely affect the conduct of its business (including Servicer’s ability to acquire, own and service the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;Receivables.

Due Qualification. The Servicer 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 each jurisdiction where any such failure to do so would materially and adversely affect the ownership or lease of property or Servicer’s ability to perform its obligations under and consummate the conduct of its business (including transactions contemplated by the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;Basic Documents.

Due Qualification. The Servicer is shall be duly qualified to do business as a foreign corporation, is corporation in good standing standing, and has shall have obtained all necessary licenses and approvals, approvals in all jurisdictions in which the ownership or lease of property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;qualifications.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;

Due Qualification. The Servicer 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 each jurisdiction in which the ownership failure to so qualify or lease to obtain such licenses and approvals would, in the reasonable judgment of property the Servicer, materially and adversely affect the performance by the Servicer of its obligations under, or the conduct of its business (including validity or enforceability of, this Agreement, the servicing Indenture, the Trust Agreement, any of the Receivables as required by this Agreement) requires other Transaction Documents, the Receivables, the Notes or shall require such qualification;the Certificates.

Due Qualification. The Servicer is duly qualified to do business as a foreign corporation, is limited liability company in good standing 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 (including the servicing of the Standard Receivables and the Fixed Value Receivables as required by this Agreement) requires or shall require such qualification;qualifications.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables Loans and the related Contracts as required by this Agreement) Agreement requires or shall require such qualification;qualifications except where such failure will not have a material adverse effect.

Due Qualification. The Servicer is shall be duly qualified to do business as a foreign corporation, is corporation in good standing standing, and has shall have obtained all necessary licenses and approvals, approvals in all jurisdictions in which the ownership or lease of property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;qualifications.

Due Qualification. The Servicer 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 where the ownership or lease of property or failure to do so would materially and adversely affect the conduct of its business (including Servicer’s ability to acquire, own and service the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;Receivables.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this AgreementAgreement and the performance of its other obligations under this Agreement and the other Basic Documents to which it is a party) requires or shall require such qualification;qualifications.

Due Qualification. The Servicer is duly qualified to do business as a foreign corporation, is entity in good standing standing, and has obtained all necessary licenses and approvals, approvals in all jurisdictions in which the ownership or lease of property or the conduct of its business (including relating to the servicing of the Receivables as required by this Agreement) requires or Agreement shall require such qualification;qualifications and where the failure to so qualify would have a material adverse effect on the ability of the Servicer to perform its obligations under this Agreement.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) or the consummation of the transactions contemplated by the Basic Documents requires or shall require such qualification;.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;

Due Qualification. The Servicer is duly qualified to do business as a foreign corporation, and is in good standing as a foreign corporation or other foreign entity (or is exempt from such requirements) and has obtained all necessary licenses and approvals, approvals in all jurisdictions each jurisdiction in which the ownership or lease of property or the conduct of its business (including the servicing of the Receivables and any Participation Interests as required by this Agreement requires such qualification except where the failure to so qualify or obtain licenses or approvals would not have a material adverse effect on its ability to perform its obligations as Servicer under this Agreement) requires or shall require such qualification;.

Due Qualification. The Servicer is duly qualified to do business as a foreign corporationand, where necessary, is in good standing as a foreign corporation (or is exempt from such requirement) and has obtained all necessary licenses and approvals, approvals in all jurisdictions each jurisdiction in which the ownership or lease of property or the conduct of its business (including businesses requires such qualification, except where the servicing of the Receivables as required by failure to so qualify or obtain licenses or approvals would not have material adverse effect on its ability to perform its obligations under this Agreement) requires or shall require such qualification;.

Due Qualification. The Servicer 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 property or the conduct of its business (including the of servicing of the Receivables as required by this Agreement) Agreement requires or shall will require such qualification;

Due Qualification. The Servicer is duly qualified to do business as a foreign corporation, and is in good standing as a foreign corporation or other foreign entity (or is exempt from such requirements) and has obtained all necessary licenses and approvals, approvals in all jurisdictions each jurisdiction in which the ownership or lease of property or the conduct of its business (including the servicing of the Receivables (including the underlying receivables) and any Participation Interests as required by this Agreement requires such qualification except where the failure to so qualify or obtain licenses or approvals would not have a material adverse effect on its ability to perform its obligations as Servicer under this Agreement) requires or shall require such qualification;.

Due Qualification. The Servicer is duly qualified to do business as a foreign corporation, is entity in good standing 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 (including the servicing of the Receivables as required by this AgreementLease Assets) requires or shall require such qualification;.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;qualifications.

Due Qualification. The Servicer is duly qualified to do business as a foreign corporation, and is in good standing as a foreign corporation or other foreign entity (or is exempt from such requirements) and has obtained all necessary licenses and approvals, approvals in all jurisdictions each jurisdiction in which the ownership or lease of property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) Agreement requires or shall require such qualification;, except where the failure to so qualify or obtain licenses or approvals would not have a material adverse effect on its ability to perform its obligations as Servicer under this Agreement.

Due Qualification. The Servicer is duly qualified to do business as a foreign corporation, and is in good standing as a foreign corporation (or is exempt from such requirements), and has obtained all necessary licenses and approvals, approvals in all jurisdictions each jurisdiction in which failure to so qualify or to obtain such licenses and approvals would have a material adverse effect on the ownership or lease of property or the conduct of its business (including the servicing interests of the Receivables as required by this Agreement) requires Investor Certificateholders hereunder or shall require such qualification;under any Supplement.

Due Qualification. The Servicer is duly qualified to do business as a foreign corporationbusiness, is in good standing as a foreign entity and has obtained all necessary licenses and approvals, approvals in all jurisdictions in which the ownership or lease of property or the conduct of its business (including or the servicing of the Pool Receivables as required by this Agreement) Agreement requires or shall require such qualification;, licenses or approvals, except where the failure to do so would not reasonably be expected to have a Material Adverse Effect.

Due Qualification. The Servicer is duly qualified to do business business, is in good standing as a foreign corporation, is in good standing and has obtained all necessary licenses and approvals, approvals in all jurisdictions in which the ownership or lease of property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;, licenses or approvals and in which the failure so to qualify or to obtain such licenses and approvals or to preserve and maintain such qualification, licenses or approvals could reasonably be expected to give rise to a Material Adverse Effect with respect to the Servicer.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this AgreementReceivables) requires or shall require such qualification;

Due Qualification. The Servicer 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 where the ownership or lease of property or failure to do so would materially and adversely affect the conduct performance of its business (including obligations under this Agreement and the servicing of the Receivables as required by this Agreement) requires or shall require such qualificationRelated Documents;

Due Qualification. The Servicer 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 the ownership failure to so qualify or lease to obtain such licenses and approvals would, in the reasonable judgment of property the Depositor, materially and adversely affect the performance by the Depositor of its obligations under, or the conduct of its business (including validity or enforceability of, this Agreement, the servicing Indenture, the Trust Agreement, any of the Receivables as required by this Agreement) requires other Transaction Documents, the Receivables, the Notes or shall require such qualification;the Certificates.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;

Due Qualification. The Servicer is duly qualified to do business as a foreign corporation, and is in good standing as a foreign corporation (or is exempt from such requirements) and has obtained all necessary licenses and approvals, approvals in all jurisdictions each jurisdiction in which the ownership or lease of property or the conduct of its business (including the servicing of the Receivables as required by this Agreement requires such qualification except where the failure to so qualify or obtain licenses or approvals would not have a material adverse affect on its ability to perform its obligations as Servicer under this Agreement) requires or shall require such qualification;.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement and the Titling Trust Servicing Agreement) requires or shall require such qualification;.

Due Qualification. The Servicer is duly qualified to do business as a foreign corporation, is limited liability company in good standing 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 (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;qualifications.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;qualification except where the failure to so qualify or obtain such licenses or consents could not reasonably be expected to result in a material adverse effect with respect to it or to the Receivables.

Due Qualification. The Servicer 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 property or the conduct of its business (including the in servicing of the Receivables Contracts as required by this Agreement requires such qualifications except where such failure will not have a material adverse effect or the Servicer’s ability to service the Contracts as required by this Agreement) requires or shall require such qualification;

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;qualifications.

Due Qualification. The Servicer is duly qualified to do business as a foreign corporation, and is in good standing as a foreign corporation (or is exempt from such requirements), and has obtained all necessary licenses and approvals, in all jurisdictions each jurisdiction in which the ownership or lease of property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) the Agreement requires such qualification except where failure to so qualify or shall require to obtain such qualification;licenses and approvals would not have a material adverse effect on its ability to perform its obligations hereunder or under any Supplement.

Due Qualification. The Servicer 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 where the ownership or lease failure to do so would materially and adversely affect the ability of property the Servicer to service, or the conduct of its business (including enforceability of, the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;Receivables.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;; except where the failure to qualify or obtain licenses or approvals would not have a material adverse effect on its ability to perform its obligations as Servicer under this Agreement and the other Related Documents to which it is a party.

Due Qualification. The Servicer is shall be duly qualified to do business as a foreign corporation, is corporation in good standing standing, and has shall have obtained all necessary licenses and approvals, approvals in all jurisdictions in which the ownership or lease of property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;qualifications.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;qualification except where the failure to so qualify or obtain such licenses or consents would not result in a Material Adverse Effect or a Material Adverse Change.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;qualifications.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables Dealer Loans and the related Contracts as required by this Agreement) Agreement requires or shall require such qualification;qualifications except where such failure will not have a material adverse effect.

Due Qualification. The Servicer is shall be duly qualified to do business as a foreign corporation, is corporation in good standing standing, and has shall have obtained all necessary licenses and approvals, approvals in all jurisdictions in which the ownership or lease of property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;qualifications, except where the failure to so qualify would not materially and adversely affect the performance by the Depositor of its obligations under, or the validity or enforceability of this Agreement or the Certificates.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;

Due Qualification. The Servicer is duly qualified to do business as a foreign corporationbusiness, is in good standing as a foreign entity and has obtained all necessary licenses and approvals, approvals in all jurisdictions in which the ownership or lease of property or the conduct of its business (including or the servicing of the Pool Receivables as required by this Agreement) Agreement requires or shall require such qualification;, licenses or approvals, except where the failure to do so would not reasonably be expected to have a Material Adverse Effect on the Servicer.

Due Qualification. The Servicer is duly qualified to do business as a foreign corporation, is in good standing standing, and has obtained all necessary licenses and approvalsapprovals as required under the laws of, in all jurisdictions states in which the ownership or lease of property its property, the performance of its obligations pursuant to this Agreement or the other conduct of its business (including requires such qualification, standing, license or approval, except to the servicing extent that the failure to so qualify, maintain such standing or be so licensed or approved would not, in the aggregate, materially and adversely affect the ability of the Receivables as required by Servicer to comply with this Agreement) requires or shall require such qualification;.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;, licenses and approvals except where the failure to be qualified or to obtain such qualifications, licenses and approvals would not materially and adversely affect the rights or interests of any of the Noteholders, the Note Insurer or the Trust Estate.

Due Qualification. The Servicer is duly qualified to do business as a foreign corporation, and is in good standing as a foreign corporation (or is exempt from such requirements), and has obtained all necessary licenses and approvals, approvals in all jurisdictions in which the ownership or lease of property or the conduct of its business (including the servicing of order to service the Receivables as required by this Agreement) requires . If the Servicer shall be required by any Requirement of Law to so qualify or register or obtain such license or approval, then it shall require such qualification;do so.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;qualifications, except where failure to qualify will not have a material adverse effect on the Receivables or the business, prospects or financial condition of the Servicer.

Due Qualification. The Servicer is shall be duly qualified to do business as a foreign corporation, is corporation in good standing standing, and has shall have obtained all necessary licenses and approvals, in all jurisdictions in which the ownership or lease of property or the conduct of its business (including the servicing of the Receivables as required by this the Agreement) requires or shall require such qualification;qualifications.

Due Qualification. The Servicer is duly qualified to do business as a foreign corporation, is in good standing as a foreign corporation, 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 (including or the servicing of the Pool Receivables as required by this Agreement) Agreement requires or shall require such qualification;, licenses or approvals, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this AgreementAgreement and the other Transaction Documents to which it is a party) requires or shall require such qualification;.

Due Qualification. The Servicer 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 where the ownership or lease of property or failure to do so would materially and adversely affect the conduct of its business (including Servicer's ability to acquire, own and service the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;Receivables.

Due Qualification. The Servicer is duly qualified to do business as a foreign corporation, and is in good standing as a foreign corporation or other foreign entity (or is exempt from such requirements), and has obtained all necessary licenses and approvals, in all jurisdictions each jurisdiction in which the ownership or lease of property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) the Agreement requires such qualification except where failure to so qualify or shall require to obtain such qualification;licenses and approvals would not have a material adverse effect on its ability to perform its obligations hereunder or under any Supplement.

Due Qualification. The Servicer is duly qualified to do business as a foreign corporation, is corporation in good standing standing, and has obtained all necessary material licenses and approvals, in all jurisdictions in which the ownership or lease of property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;qualifications, except where the failure to be so qualified or to have obtained such licenses or approvals would not have a material adverse effect on the Servicer's earnings, business affairs or business prospects.

Due Qualification. The Servicer is shall be duly qualified to do business as a foreign corporation, is corporation in good standing standing, and has shall have obtained all necessary licenses and approvals, approvals in all jurisdictions in which the ownership or lease of property or the conduct of its business (including the servicing of the Receivables as required by this the Agreement) requires or shall require such qualification;qualifications.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Standard Receivables and the Fixed Value Receivables as required by this Agreement) requires or shall require such qualification;qualifications.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this the Agreement) requires or shall require such qualification;qualifications.

Due Qualification. The Servicer is duly qualified to do business as a foreign corporation, is cooperative corporation in good standing 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 (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;, licenses or approvals, except where the failure to so qualify or have such licenses or approvals has not had, and could not reasonably be expected to have, a Material Adverse Effect.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualificationqualifications, licenses or approvals;

Due Qualification. The Servicer is duly qualified to do business as a foreign corporation, and is in good standing as a foreign corporation (or is exempt from such requirements), 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 (including the servicing of the Receivables and the Related Transferred Assets as required by this Agreement) Agreement requires qualification, licenses or shall require such qualification;approvals.

Due Qualification. The Servicer 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 property or the conduct of failure to do so would have a material adverse effect on its business (including the servicing of ability to perform its obligations under its Related Documents and its ability to enforce the Receivables as required by this Agreement) requires or shall require such qualificationand the other Trust Property;

Due Qualification. The Servicer 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 property or the conduct of its business (including involving the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;

Due Qualification. The Servicer is duly qualified to do business as a foreign corporation, and is in good standing as a foreign corporation (or is exempt from such requirements) in any jurisdiction where such qualification is required in order to conduct its business, and has obtained all necessary licenses and approvals, approvals in all jurisdictions each jurisdiction in which the ownership or lease of property or the conduct of its business (including the servicing of the Underlying Receivables as required by this Agreement requires such qualification except where the failure to so qualify or obtain such licenses and approvals would not reasonably be expected to have a material adverse effect on its ability to perform its obligations as Servicer under this Agreement) requires or shall require such qualification;.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;qualifications, licenses or approvals.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;qualifications, except where the failure of the Servicer so to qualify or obtain such licenses or approvals would not have a material adverse effect on the Servicer, the Trust or any Receivable.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;qualifications.

Due Qualification. The Servicer is duly qualified to do business as a foreign corporation, is entity in good standing standing, and has obtained all necessary licenses and approvals, approvals in all jurisdictions in which the ownership or lease of property or the conduct of its business (including relating to the servicing of the Receivables as required by this Agreement) requires or Agreement shall require such qualification;qualifications and where the failure to so qualify would have a material adverse effect on the ability of the Servicer to perform its obligations under this Agreement. 44 (NAROT 2022-B Sale and Servicing Agreement)

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;qualifications, except where the failure of the Servicer so to qualify or obtain such licenses or approvals would not have a material adverse effect on the Servicer, the Issuer or any Receivable.

Due Qualification. The Servicer is duly qualified to do business as a foreign corporation, is limited liability company in good standing standing, and has obtained all necessary licenses and approvals, in all jurisdictions in which the its ownership or lease of property or the conduct of its business (including the servicing of the Receivables Contracts as required by this Agreement) requires or shall require such qualification;qualifications, licenses and approvals and where the failure to so qualify (or to obtain such licenses or approvals) could reasonably be expected to result in a Material Adverse Effect.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;qualification except where the failure to so qualify or obtain such licenses or consents could not reasonably be expected to result in a material adverse effect with respect to it or to the Receivables or the Other Conveyed Property.

Due Qualification. The Servicer 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 property or the conduct of its business (including relating to the servicing of the Receivables as required by this Agreement) requires or Agreement shall require such qualification;qualifications and where the failure to so qualify would have a material adverse effect on the ability of the Servicer to perform its obligations under this Agreement. 47 (NAROT 2017-C Sale and Servicing Agreement)

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;.

Due Qualification. The Servicer 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 property or the conduct 52 (Nissan 2012-B Sale and Servicing Agreement) of its business (including relating to the servicing of the Receivables as required by this Agreement) requires or Agreement shall require such qualification;qualifications and where the failure to so qualify would have a material adverse effect on the ability of the Servicer to perform its obligations under this Agreement.

Due Qualification. The Servicer 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 property or the conduct of where failure to do so would have a material adverse affect on its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualificationability to perform its obligations hereunder;

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;

Due Qualification. The Servicer is duly qualified to do business as a foreign corporation, and is in good standing as a foreign corporation or other foreign entity (or is exempt from such requirements) and has obtained all necessary licenses and approvals, approvals in all jurisdictions each jurisdiction in which the ownership or lease of property or the conduct of its business (including the servicing of the Receivables (including the underlying receivables) as required by this Agreement requires such qualification except where the failure to so qualify or obtain licenses or approvals would not have a material adverse effect on its ability to perform its obligations as Servicer under this Agreement) requires or shall require such qualification;.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;qualifications.

Due Qualification. The Servicer 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 property or the conduct of its business (including relating to the servicing of the Receivables as required by this Agreement) requires or Agreement shall require such qualification;qualifications and where the failure to so qualify would have a material adverse effect on the ability of the Servicer to perform its obligations under this Agreement. 52 (Nissan 2014-B Sale and Servicing Agreement)

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;, licenses and approvals except where the failure to be qualified or to obtain such qualifications, -58- 66 licenses and approvals would not materially and adversely affect the rights or interests of any of the Noteholders, the Note Insurer or the Trust Estate.

Due Qualification. The Servicer is duly qualified to do business as a foreign corporation, and is in good standing as a foreign corporation (or is exempt from such requirements), and has obtained all necessary licenses and approvals, approvals in all jurisdictions each jurisdiction in which the ownership failure to obtain such license, approval or lease qualification would have a material adverse affect upon the Noteholders or upon the ability of property or the conduct of Servicer to perform its business (including the servicing of the Receivables as required by obligations under this Agreement) requires or shall require such qualification;.

Due Qualification. The Servicer is duly qualified to do business and is in good standing as a foreign corporation, limited liability company or partnership (or is in good standing exempt from such requirements), and has obtained all necessary licenses and approvals, in all jurisdictions each jurisdiction in which failure to so qualify or to obtain such licenses or approvals would cause, or could reasonably be expected to cause, a Material Adverse Change on its ability to perform its obligations as the ownership Servicer under the Finance Documents to which it is a party or lease of property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;which it is bound.

Due Qualification. The Servicer is duly qualified to do business as a foreign corporation, corporation and is in good standing standing, and has obtained all necessary licenses and approvals, in all jurisdictions where the failure to be so qualified and in good standing or obtain such licenses or approvals would have a material adverse effect on the Servicer's business and operations or in which the ownership or lease of property or the conduct of its business (including the servicing of the Receivables Leases as required by this Agreement) Agreement or the performance of its obligations under the Transaction Documents requires or shall will require such qualification;, licenses or approvals.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;qualifications (except where the failure to be so qualified or in good standing or the failure to have such licenses and approvals could not individually or in the aggregate have a material adverse effect on the Collateral or the business or condition (financial or otherwise) of the Servicer or impair the enforceability of any Loan or the related Loan Documents or Receivables).

Due Qualification. The Servicer 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 property or the conduct of its business (including involving the servicing of the Transferred Receivables as required by this Agreement) requires or shall require such qualification;

Due Qualification. The Each Servicer 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 property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;, except where the failure to qualify will not have a material adverse effect on the business or properties of such Servicer.

Due Qualification. The Servicer 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 obtain such qualifications, licenses or lease of property approvals would have a material adverse effect on the Trust Property or on the conduct of Servicer's ability to perform its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;obligations hereunder.

Due Qualification. The Servicer 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 property or the conduct of its business (including the servicing of the Receivables Portfolio as required by this Agreement) requires or shall require such qualification;.