Common use of Organization and Good Standing; Licensing Clause in Contracts

Organization and Good Standing; Licensing. The Owner is a New York limited partnership duly organized, validly existing and has the power and authority to own its assets and to transact the business in which it is currently engaged.

Appears in 22 contracts

Samples: Servicing Agreement (GSR Mortgage Loan Trust 2007-2f), Flow Servicing Agreement (GSR Mortgage Loan Trust 2007-Ar1), Servicing Agreement (GSR Mortgage Loan Trust 2006-10f)

AutoNDA by SimpleDocs

Organization and Good Standing; Licensing. The Owner is a New York limited partnership liability company duly organized, organized and validly existing and has the power and authority to own its assets and to transact the business in which it is currently engaged.

Appears in 10 contracts

Samples: Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-12), Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-11ar), Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-12)

AutoNDA by SimpleDocs

Organization and Good Standing; Licensing. The Owner is a New York limited partnership corporation duly organized, organized and validly existing and has the power and authority to own its assets and to transact the business in which it is currently engaged.

Appears in 1 contract

Samples: Interim Heloc Loan Servicing Agreement (MortgageIT Holdings, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!