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

Organization and Good Standing; Licensing. Seller is a company duly organized, validly existing and in good standing under the laws of the jurisdiction of its formation and has all licenses necessary to carry out its business as now being conducted, and is licensed and qualified to transact business in and is in good standing under the laws of its state of jurisdiction;

Appears in 6 contracts

Samples: Loan Purchase Agreement (Irwin Whole Loan Home Equity Trust 2005-C), Loan Purchase Agreement (CSFB Home Equity Mortgage Trust 2005-Hf1), Loan Purchase Agreement (Credit Suisse First Boston Mor Ac Corp CSFB Abs Tr 2002 Hi23)

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Organization and Good Standing; Licensing. The Seller is a company duly organized, validly existing and in good standing under the laws of the jurisdiction of its formation and has all licenses necessary to carry out its business as now being conducted, and is licensed and qualified to transact business in and is in good standing under the laws of its state of jurisdiction;

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Abs Trust 2002-Mh3), Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)

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