Organization and Good Standing, etc. Servicer has been duly organized and is validly existing and in good standing under the laws of its state of organization, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business are presently conducted. Servicer is duly licensed or qualified to do business as a foreign entity in good standing in the jurisdiction where its principal place of business and chief executive office are located and in each other jurisdiction in which the failure to be so licensed or qualified would be reasonably likely to have a Material Adverse Effect.
Organization and Good Standing, etc. The Issuer has been duly organized and is validly existing and in good standing under the Laws of the State of Delaware, with power and authority to own its properties and to conduct its respective businesses as such properties are presently owned and such business is presently conducted. The Issuer is not organized under the Laws of any other jurisdiction or Governmental Authority. The Issuer is duly licensed or qualified to do business as a foreign entity in good standing in the jurisdiction where its principal place of business and chief executive office is located and in each other jurisdiction in which the failure to be so licensed or qualified would be reasonably likely to have a Material Adverse Effect.
Organization and Good Standing, etc. Each of Borrower and Master Servicer has been duly organized and is validly existing and in good standing under the laws of its state of organization, with power and authority to own their respective properties and to conduct their respective businesses as such properties are presently owned and such businesses are presently conducted. Each of Borrower and Master Servicer is duly licensed or qualified to do business as a foreign entity in good standing in the jurisdiction where its principal place of business and chief executive office are located and in each other jurisdiction in which the failure to be so licensed or qualified has had, or would be reasonably likely to have a Material Adverse Effect.
Organization and Good Standing, etc. Each of the Borrower, GWG DLP Funding II, LLC, Subsidiaries, and the Master Trusts has been duly organized and is validly existing and in good standing under the laws of the State of Delaware (and is not organized under the laws of any other jurisdiction or Governmental Authority), with power and authority to own their respective properties and to conduct their respective businesses as such properties are presently owned and such businesses are presently conducted. Each of the Borrower, GWG DLP Funding II, LLC, Subsidiaries, and the Master Trusts is duly licensed or qualified to do business as a foreign entity in good standing in the jurisdiction where its principal place of business and chief executive office are located and in each other jurisdiction in which the failure to be so licensed or qualified would be reasonably likely to have a Material Adverse Effect.
Organization and Good Standing, etc. Seller has been -------------------------------------- duly organized and is validly existing as a corporation in good standing under the laws of its state of incorporation, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted. It is duly licensed or qualified to do business as a foreign corporation in good standing in the jurisdiction where its principal place of business and chief executive office are located and in each other jurisdiction in which the failure to be so licensed or qualified would be reasonably likely to have a Material Adverse Effect.
Organization and Good Standing, etc. Borrower has been duly organized and is existing as a limited liability company in good standing under the laws of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted. Borrower is duly licensed or qualified to do business and is in good standing in (a) the State of Delaware and (b) each other jurisdiction in which the failure to be so licensed or qualified would be reasonably likely to have a Material Adverse Effect.
Organization and Good Standing, etc. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of California, and has all requisite corporate power and authority to own and lease its properties and to carry on its business as presently conducted and as proposed to be conducted. The Company is duly registered or qualified and in good standing as a foreign corporation in each jurisdiction where the ownership or leasing of its properties or the conduct of its business makes such registration or qualification necessary, the copies of the Company's Articles of Incorporation and Bylaws which have been furnished to Pircher, Xxxxxxx & Xxxxx, special counsel for the Purchaser, include all amendments made thereto at any time prior to the date of this Agreement and are correct and complete. The minute books of the Company made available to Pircher, Xxxxxxx & Xxxxx, special counsel for the Purchaser, contain minutes of all meetings of directors (and any committee of directors) and shareholders of the Company and all actions by written consent without a meeting by the directors (or any committee of directors) and stockholders since the date of incorporation of the Company and accurately reflect all actions by the directors (or any committee of directors) and shareholders of the Company with respect to all transactions referred to in such minutes. Exhibit D hereto sets forth a true and complete list of all the names of all directors of the Company and the names and offices held of all officers of the Company.
Organization and Good Standing, etc. The Servicer (i) is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware, (ii) is duly qualified to do business and is in good standing as a foreign entity (or is exempt from such requirements) in each other jurisdiction in which the nature of its business, assets and properties, including the performance of its obligations under this Agreement, the other Facility Documents to which it is a party and its Constituent Documents, requires such qualification, and (iii) has all requisite power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, enter into this Agreement and to carry out the transactions contemplated hereby.
Organization and Good Standing, etc. The Borrower has been duly organized and is existing as a limited partnership in good standing under the laws of the State of Texas, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted. The Borrower is duly licensed or qualified to do business as a foreign entity and is in good standing in the jurisdiction where its principal place of business and chief executive office are located and in each other jurisdiction in which the failure to be so licensed or qualified would be reasonably likely to have a Material Adverse Effect.
Organization and Good Standing, etc. Each of Borrower's and Servicer's jurisdiction of organization is correctly set forth in the preamble to this Agreement. Each of Borrower and Servicer is duly organized and is a "registered organization" as defined in the UCC in effect in such jurisdiction. Each of Borrower and Servicer is validly existing and in good standing under the laws of its state of organization, with power and authority to own their respective properties and to conduct their respective businesses as such properties are presently owned and such businesses are presently conducted. Each of Borrower and Servicer is duly licensed or qualified to do business as a foreign entity in good standing in the jurisdiction where its principal place of business and chief executive office are located and in each other jurisdiction in which the failure to be so licensed or qualified has had, or would be reasonably likely to have a material adverse effect on its ability to pay or perform its obligations hereunder. Toro owns 100% of the capital stock of Borrower free and clear of any Lien.
