Common use of Organization and Licensing Clause in Contracts

Organization and Licensing. Ambac is a stock insurance corporation duly organized, validly existing and in good standing under the laws of the State of Wisconsin.

Appears in 5 contracts

Samples: Indemnification Agreement (AmeriCredit Automobile Receivables Trust 2004-C-A), Indemnification Agreement (UPFC Auto Receivables Trust 2006-B), Indemnification Agreement (Americredit Automobile Receivable Trust 2005-D-A)

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Organization and Licensing. Ambac is a stock insurance corporation duly organized, validly existing and in good standing under the laws of the State of WisconsinWisconsin and in any other jurisdiction where qualification may be necessary to accomplish the Transaction.

Appears in 4 contracts

Samples: Insurance Agreement (Capital One Auto Receivables LLC), Insurance Agreement (Capital One Auto Finance Trust 2004-A), Insurance Agreement (Capital One Auto Receivables LLC)

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