Common use of Organization and Licensing Clause in Contracts

Organization and Licensing. The Certificate Insurer is a duly organized, validly existing and in good standing New York stock insurance company duly qualified to conduct an insurance business in the State of New York.

Appears in 3 contracts

Samples: Insurance and Indemnity Agreement (Bayview Financial Mortgage Pass-Through Certificates, Series 2005-B), Insurance and Indemnity Agreement (Bayview Financial Mortage Pass-Through Trust 2005-D), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-Nc4)

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Organization and Licensing. The Certificate Insurer is a duly organized, validly incorporated and existing and in good standing New York stock insurance company duly qualified licensed to conduct an insurance do business in the State of New York.

Appears in 3 contracts

Samples: Indemnification Agreement (Advanta Mortgage Loan Trust 1997-3), Indemnification Agreement (Advanta Mortgage Loan Trust 1998-3), Indemnification Agreement (Advanta Mortgage Conduit Services Inc)

Organization and Licensing. The Certificate Insurer is a duly organized, validly -------------------------- incorporated and existing and in good standing New York stock insurance company duly qualified corporation licensed to conduct an insurance do business in the State of New York.

Appears in 3 contracts

Samples: Indemnification Agreement (Chevy Chase Bank FSB), Indemnification Agreement (Chevy Chase Bank FSB), Indemnification Agreement (Chevy Chase Bank FSB)

Organization and Licensing. The Certificate Insurer is a duly organized, organized and licensed and validly existing and in good standing New York Wisconsin stock insurance company duly qualified to conduct an insurance business in the State of New York.

Appears in 2 contracts

Samples: Indemnification Agreement (Advanta Mortgage Loan Trust 1999-3), Indemnification Agreement (Advanta Mortgage Loan Trust 1999-2)

Organization and Licensing. The Certificate Insurer is a -------------------------- duly organized, validly incorporated and existing and in good standing New York stock insurance company duly qualified corporation licensed to conduct an insurance do business in the State of New York.

Appears in 1 contract

Samples: Indemnification Agreement (Chevy Chase Bank FSB)

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Organization and Licensing. The Certificate Insurer is a duly organized, validly incorporated and existing and in good standing New York New_York stock insurance company duly qualified licensed to conduct an insurance do business in the State of New YorkNew_York.

Appears in 1 contract

Samples: Advanta Revolving Home Equity Loan Trust 1996-A

Organization and Licensing. The Certificate Insurer is a duly organized, authorized and validly existing and in good standing New York stock insurance company duly qualified to conduct an insurance business in organized under the Insurance Laws of the State of New York, duly qualified and licensed to issue financial guaranty insurance policies under the laws of the State of New York and is in good standing under the laws of that State.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (American Business Financial Services Inc /De/)

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