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

Organization and Good Standing; Licensing. The Owner is a Delaware 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 3 contracts

Samples: Servicing Agreement (PennyMac Mortgage Investment Trust), Servicing Agreement (PennyMac Mortgage Investment Trust), Servicing Agreement (PennyMac Mortgage Investment Trust)

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Organization and Good Standing; Licensing. The Owner is a Delaware limited partnershipliability company, 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 3 contracts

Samples: Flow Servicing Agreement (Pennymac Financial Services, Inc.), Flow Servicing Agreement (Pennymac Financial Services, Inc.), Flow Servicing Agreement (Pennymac Financial Services, Inc.)

Organization and Good Standing; Licensing. The Owner is a Delaware limited partnership, corporation 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 3 contracts

Samples: Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2006-Oa1), Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2007-Oa2), Servicing Agreement (Deutsche Alt-B Securities Mortgage Loan Trust, Series 2006-Ab3)

Organization and Good Standing; Licensing. The Each Owner is a Delaware limited partnership, corporation 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 1 contract

Samples: Flow Servicing Agreement (Merrill Lynch Mortgage Investors Trust, Series 2006-Sl2)

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Organization and Good Standing; Licensing. The Owner is a Delaware 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 1 contract

Samples: Servicing Agreement (Oak Street Financial Services Inc)

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