Common use of Maintenance of Licenses Clause in Contracts

Maintenance of Licenses. Each of Seller and each Guarantor shall maintain, all licenses, permits or other approvals necessary for each of Seller and each Guarantor to conduct its business and to perform its obligations under the Program Documents, and each of Seller and each Guarantor shall conduct its business strictly in accordance with applicable law.

Appears in 4 contracts

Samples: Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (New Century Financial Corp)

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Maintenance of Licenses. Each of Seller and each Guarantor shall maintain, (i) maintain all licenses, permits or other approvals necessary for each of Seller and each Guarantor to conduct its business and to perform its obligations under the Program Documents, (ii) remain in good standing under the laws of each state in which it conducts business or any Mortgage Property is located, and each of Seller and each Guarantor (iii) shall conduct its business strictly in accordance with applicable law.

Appears in 3 contracts

Samples: Master Repurchase Agreement, Master Repurchase Agreement (New York Mortgage Trust Inc), Master Repurchase Agreement (New Century Financial Corp)

Maintenance of Licenses. Each of Seller and each Guarantor shall maintain, (i) maintain all licenses, permits or other approvals necessary for each of Seller and each Guarantor to conduct its business and to perform its obligations under the Program Documents, (ii) remain in good standing under, and comply in all material respects with, all laws of each of Seller state in which it conducts business or any Mortgaged Property is located, and each Guarantor shall (iii) conduct its business strictly in accordance with applicable law.

Appears in 3 contracts

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (Pennymac Financial Services, Inc.), Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

Maintenance of Licenses. Each of Seller and each the Guarantor shall maintain, all licenses, permits or other approvals necessary for each of Seller and each the Guarantor to conduct its business and to perform its obligations under the Program Documents, and each of Seller and each the Guarantor shall conduct its business strictly in accordance with applicable law.

Appears in 3 contracts

Samples: Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (New Century Financial Corp)

Maintenance of Licenses. Each of Seller and each Guarantor shall maintain, all licenses, permits or other approvals necessary for each of Seller and each Guarantor to conduct its business and to perform its obligations under the Program Documents, and each of Seller and each Guarantor shall conduct its business strictly in accordance with applicable law.

Appears in 2 contracts

Samples: Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (New Century Financial Corp)

Maintenance of Licenses. Each of Seller and each Guarantor shall maintain, all licenses, permits or other approvals necessary for each of Seller and each Guarantor to conduct its business and to perform its obligations under the Program Documents, and each of Seller and each Guarantor shall conduct its business strictly in accordance with applicable law. Nothing hereunder shall prohibit any Guarantor from terminating a license that is non-material to its business or the performance of its obligations under the Program Documents.

Appears in 1 contract

Samples: Master Repurchase Agreement (American Business Financial Services Inc /De/)

Maintenance of Licenses. Each of Seller and each Guarantor shall maintain, maintain all licenses, permits or other approvals necessary for each of Seller and each Guarantor to conduct its business and to perform its obligations under the Program Documents, and each of Seller and each Guarantor shall conduct its business strictly in accordance with applicable law.

Appears in 1 contract

Samples: Master Repurchase Agreement (New Century Financial Corp)

Maintenance of Licenses. Each of Seller and each Guarantor shall maintain, maintain all licenses, permits or other approvals necessary for each of such Seller and each or the Guarantor to conduct its business and to perform its obligations Obligations under the Program Documents, and each of Seller and each the Guarantor shall conduct its business strictly in accordance with applicable law.

Appears in 1 contract

Samples: Master Repurchase Agreement (New Century Financial Corp)

Maintenance of Licenses. Each of Seller and each Guarantor shall (i) maintain, all licenses, permits or other approvals necessary for each of Seller and each Guarantor to conduct its business and to perform its obligations under the Program Documents, (ii) remain in good standing under the laws of each state in which it conducts business or any Mortgage Property is located, and each of Seller and each Guarantor shall (iii) conduct its business strictly in accordance with applicable law.

Appears in 1 contract

Samples: Master Repurchase Agreement (Taberna Realty Finance Trust)

Maintenance of Licenses. Each of Seller and each Guarantor ----------------------- shall maintain, all licenses, permits or other approvals necessary for each of Seller and each Guarantor to conduct its business and to perform its obligations under the Program Documents, and each of Seller and each Guarantor shall conduct its business strictly in accordance with applicable law.

Appears in 1 contract

Samples: Master Repurchase Agreement (New Century Financial Corp)

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Maintenance of Licenses. Each of Seller and each Guarantor shall maintain, (i) maintain all licenses, permits or other approvals necessary for each of Seller and each Guarantor to conduct its business and to perform its obligations under the Program Documents, (ii) remain in good standing under, and comply in all material respects with, all laws of each of Seller state in which it conducts business or any Mortgaged Property is located, and each Guarantor shall (iii) conduct its business strictly in accordance with applicable law.

Appears in 1 contract

Samples: Master Repurchase Agreement (Home Loan Servicing Solutions, Ltd.)

Maintenance of Licenses. Each of Seller and each Guarantor shall maintain, maintain all material licenses, permits or other approvals necessary for each of Seller and each Guarantor to conduct its business and to perform its obligations under the Program Documents, and each of Seller and each Guarantor shall conduct its business strictly in accordance with applicable law.

Appears in 1 contract

Samples: Master Repurchase Agreement (ECC Capital CORP)

Maintenance of Licenses. Each of the Seller and each the Guarantor shall maintain, (i) maintain all licenses, permits or other approvals necessary for each of the Seller and each the Guarantor to conduct its business and to perform its obligations under the Program Documents, (ii) remain in good standing under the laws of each state in which it conducts business or in which any Mortgage Property is located, and each of Seller and each Guarantor (iii) shall conduct its business strictly in accordance with applicable law.

Appears in 1 contract

Samples: Master Repurchase Agreement (New Century Financial Corp)

Maintenance of Licenses. Each of Seller and each Guarantor shall maintain, all material licenses, permits or other approvals necessary for each of Seller and each Guarantor to conduct its business and to perform its obligations under the Program Documents, and each of Seller and each Guarantor shall conduct its business strictly in accordance with applicable law.

Appears in 1 contract

Samples: Master Repurchase Agreement (Novastar Financial Inc)

Maintenance of Licenses. Each of Guarantor and Seller and each Guarantor shall maintain, (i) maintain all material licenses, permits or other approvals necessary for each of Guarantor and Seller and each Guarantor to conduct its business and to perform its obligations under the Program Documents, (ii) remain in good standing under, and comply in all material respects with, all laws of each of Seller state in which it conducts business or any Mortgaged Property is located, and each Guarantor shall (iii) conduct its business strictly in accordance with applicable lawlaw in all material respects.

Appears in 1 contract

Samples: Master Repurchase Agreement (Two Harbors Investment Corp.)

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