Common use of Due Qualification Clause in Contracts

Due Qualification. The Servicer is duly qualified to do business 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 Trust Student Loans as required by this Agreement) shall require such qualifications.

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

Due Qualification. The Servicer is duly qualified to do business in good standing and has obtained all necessary licenses and 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, the servicing of Servicer Basic Documents, the Trust Student Loans as required by this Agreement) shall require such qualificationsReceivables or the Securities.

Due Qualification. The Servicer is duly qualified to do business as a limited liability company and is in good standing as a limited liability company, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property and or the conduct of its business (including the servicing of the Trust Student Loans as required by this Agreement) shall require requires such qualificationsqualification, licenses or approvals.

Due Qualification. The Servicer is duly qualified to do business and 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 Trust Student Loans Recovery Property as required by this Agreement) shall require such qualifications, licenses or approvals (except where the failure to so qualify would not be reasonably likely to have a material adverse effect on the Servicer’s business, operations, assets, revenues or properties or to its servicing of the Recovery Property).

Due Qualification. The Servicer is duly qualified to do business 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 Trust Student Loans Receivables as required by this Agreement) requires or shall require such qualifications.qualification;

Due Qualification. The Servicer is duly qualified to do business 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 Trust Student Loans as required by this Agreement) shall require such qualifications.

Due Qualification. The Servicer is duly qualified to do business as a corporation and is in good standing as a corporation, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or and/or the conduct of its business (including the servicing of the Trust Student Loans as required by this Agreement) shall require requires such qualificationsqualification, licenses or approvals.

Due Qualification. The Servicer is duly qualified to do business as a statutory trust and is in good standing as a statutory trust, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property and or the conduct of its business (including the servicing of the Trust Student Loans requires such qualification, licenses or approvals, except as required by this Agreement) shall require such qualificationswould not reasonably be expected to have a Material Adverse Effect.

Due Qualification. The Servicer is duly qualified to do business 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 Trust Student Loans as required by this Agreement) shall require such qualifications.

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

Due Qualification. The Servicer is duly qualified to do business and 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 Trust Student Loans Receivables as required by this Agreement) shall require such qualifications.

Due Qualification. The Servicer is duly qualified to do business as an entity 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 Trust Student Loans Series 20 -SN Lease Assets as required by this Agreement) shall require requires such qualifications.qualification;

Due Qualification. The Servicer is duly qualified to do business ----------------- 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 Trust Student Loans Receivables as required by this Agreement) shall require such qualifications, and was duly qualified and had all licenses in all relevant jurisdictions required for the origination of the Receivables.

Due Qualification. The Servicer is duly qualified to do business (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 Trust Student Loans Receivables in accordance with the terms of the Transaction Documents requires such qualification, except where failure to so qualify or to obtain such licenses or approvals would not have a material adverse effect upon a Beneficiary or on the Servicer's ability to perform its obligations as required by this Agreement) shall require such qualificationsServicer under the Transaction Documents.

Due Qualification. The Servicer is duly qualified to do business as a corporation, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or and the conduct of its business (including the servicing of the Trust Student Loans as required by this Agreement) shall require requires such qualificationsqualification, licenses or approvals.

Due Qualification. The Servicer is duly qualified to do business 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 Trust Student Loans Receivables as required by this Agreement) shall require such qualifications.

Due Qualification. The Servicer is duly qualified to do business 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 Trust Financed Student Loans as required by this Agreement) shall require such qualifications.

Due Qualification. The Servicer is duly qualified to do business ----------------- 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 Trust Student Loans as required by this Agreement) shall require such qualifications.

Due Qualification. The Servicer is duly qualified to do business and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease leasing of property or the conduct of its business (including the servicing of the Trust Student Loans Receivables as required by this Agreement) shall require such qualifications.

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

Due Qualification. The Servicer is duly qualified to do business 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 of servicing the servicing of the Trust Student Loans Receivables as required by this Agreement) shall Agreement requires or will require such qualifications.qualification or is exempt from such qualification;

Due Qualification. The Servicer is duly qualified to do business ----------------- 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 Trust Student Loans Receivables as required by this Agreement) requires or shall require such qualifications.qualification;

Due Qualification. The Servicer is duly qualified to do business and 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 Trust Student Loans as required by this AgreementReceivables) requires or shall require such qualificationsqualification.

Due Qualification. The Servicer is duly qualified to do business ----------------- 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 Trust Student Home Equity Loans as required by this Agreement) shall require such qualifications.

Due Qualification. The Servicer is duly qualified to do business 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 ownership or servicing of the Trust Student Loans Receivables as required by this the Agreement) shall require such qualifications, and was duly qualified and had all licenses in all relevant jurisdictions required for the origination of the Receivables.

Due Qualification. The Servicer is duly qualified to do business and is in good standing 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 Trust Student Loans as required by this Agreement) shall require Receivables, the Related Security and the Loan Documents in accordance with the Transaction Documents requires such qualificationsqualification, except where the failure to so qualify or to obtain such licenses or approvals would not have a Material Adverse Effect.

Due Qualification. The Servicer is shall be duly qualified to do business and has in good standing, and 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 Trust Student Loans Receivables as required by this Agreement) shall require such qualifications.

Due Qualification. The Servicer is duly qualified to do business 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 Trust Student Mortgage Loans as required by this Agreement) shall require such qualifications.

Due Qualification. The Servicer is duly qualified to do business 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 Trust Student Loans Receivables as required by this Agreement) shall require such qualifications, and was duly qualified and had all licenses in all relevant jurisdictions required for the origination of the Receivables, except where failure to obtain the same would not have a material adverse effect upon the rights of the Issuer, the Noteholders or the Certificateholders.