Common use of Preservation of Existence; Compliance with Law Clause in Contracts

Preservation of Existence; Compliance with Law. Seller shall (i) preserve and maintain its legal existence and all of its rights, privileges, licenses and franchises necessary for the operation of its business; (ii) comply with any applicable Requirement of Law, rules, regulations and orders, whether now in effect or hereafter enacted or promulgated by any applicable Governmental Authority (including, without limitation, all environmental laws); (iii) maintain all licenses, permits or other approvals necessary for Seller to conduct its business and to perform its obligations under the Program Documents, and shall conduct its business strictly in accordance with any applicable Requirement of Law; and (iv) keep adequate records and books of account, in which complete entries will be made in accordance with GAAP consistently applied.

Appears in 4 contracts

Samples: Master Repurchase Agreement (Finance of America Companies Inc.), Master Repurchase Agreement (Finance of America Companies Inc.), Master Repurchase Agreement (Finance of America Companies Inc.)

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Preservation of Existence; Compliance with Law. Each Seller shall shall: (i) preserve Preserve and maintain its legal existence and all of its rights, privileges, licenses and franchises necessary for the operation of its business; existence; (ii) comply Comply with any the requirements of all applicable Requirement of Lawlaws, rules, regulations and orders, whether now in effect or hereafter enacted or promulgated by any applicable Governmental Authority (including, without limitation, all environmental laws); ; (iii) Preserve and maintain all material rights, privileges, licenses, franchises, permits or other approvals necessary for each Seller to conduct its business and to perform its obligations under the Program Facility Documents, and shall conduct its business strictly in accordance with any applicable Requirement of Lawlaw; and and (iv) keep Keep adequate records and books of account, in which complete entries will be made in accordance with GAAP consistently applied.

Appears in 3 contracts

Samples: Master Repurchase Agreement (Angel Oak Mortgage, Inc.), Master Repurchase Agreement (Angel Oak Mortgage, Inc.), Master Repurchase Agreement (Angel Oak Mortgage, Inc.)

Preservation of Existence; Compliance with Law. Seller shall (i) preserve and maintain its legal existence and all of its material rights, privileges, licenses and franchises necessary for the operation of its business; (ii) comply with any applicable Requirement of Law, rules, regulations and orders, whether now in effect or hereafter enacted or promulgated by any applicable Governmental Authority (including, without limitation, all environmental lawsEnvironmental Laws); (iii) maintain all licenses, permits or other approvals necessary for Seller to conduct its business and to perform its obligations under the Program Facility Documents, and shall conduct its business strictly in accordance with any applicable Requirement of LawLaw except where the failure to do so would not have a Material Adverse Effect; and (iv) keep adequate records and books of account, in which complete entries will be made in accordance with GAAP consistently applied.

Appears in 3 contracts

Samples: Master Repurchase Agreement (FS Credit Real Estate Income Trust, Inc.), Master Repurchase Agreement (FS Credit Real Estate Income Trust, Inc.), Master Repurchase Agreement (FS Credit Real Estate Income Trust, Inc.)

Preservation of Existence; Compliance with Law. Seller Guarantor shall (i) preserve and maintain its legal existence and all of its material rights, privileges, licenses and franchises necessary for the operation of its business; (ii) comply with any applicable Requirement of Law, rules, regulations and orders, whether now in effect or hereafter enacted or promulgated by any applicable Governmental Authority (including, without limitation, all environmental lawsEnvironmental Laws); (iii) maintain all licenses, permits or other approvals necessary for Seller Guarantor to conduct its business and to perform its obligations under the Program Facility Documents, and shall conduct its business strictly in accordance with any applicable Requirement of LawLaw except where the failure to do so would not have a Material Adverse Effect; and (iv) keep adequate records and books of account, in which complete entries will be made in accordance with GAAP consistently applied.

Appears in 2 contracts

Samples: Guaranty (FS Credit Real Estate Income Trust, Inc.), Limited Guaranty (FS Credit Real Estate Income Trust, Inc.)

Preservation of Existence; Compliance with Law. Seller shall (i) preserve and maintain its legal existence and all of its material rights, privileges, licenses and franchises necessary for the operation of its business; (ii) comply with any material applicable Requirement of Law, rules, regulations and orders, whether now in effect or hereafter enacted or promulgated by any applicable Governmental Authority (including, without limitation, all environmental laws); (iii) maintain all material licenses, permits or other approvals necessary for Seller to conduct its business and to perform its obligations under the Program Documents, and shall conduct its business strictly materially in accordance with any applicable Requirement of Law; and (iv) keep adequate records and books of account, in which complete entries will be made in accordance with GAAP consistently applied.

Appears in 1 contract

Samples: Master Repurchase Agreement (AmeriHome, Inc.)

Preservation of Existence; Compliance with Law. Seller shall (i) preserve and maintain its legal existence and all of its material rights, privileges, licenses and franchises necessary for the operation of its business; (ii) comply with any material applicable Requirement of Law, rules, regulations and orders, whether now in effect or hereafter enacted or promulgated by any applicable Governmental Authority (including, without limitation, all environmental laws); (iii) maintain all licenses, permits or other approvals necessary for Seller to conduct its business and to perform its obligations under the Program Documents, and shall conduct its business strictly in accordance with any material applicable Requirement of Law; and (iv) keep adequate records and books of account, in which complete entries will be made in accordance with GAAP consistently applied.

Appears in 1 contract

Samples: Master Repurchase Agreement (Caliber Home Loans, Inc.)

Preservation of Existence; Compliance with Law. The Seller shall shall: (i) preserve Preserve and maintain its legal existence and all of its material rights, privileges, licenses and franchises necessary for the operation of its business; ; (ii) comply Comply with any the requirements of all applicable Requirement of Lawlaws, rules, regulations and orders, whether now in effect or hereafter enacted or promulgated by any applicable Governmental Authority (including, without limitation, all environmental laws); ; (iii) maintain Maintain all licenses, permits or other approvals necessary for the Seller to conduct its business and to perform its obligations under the Program Repurchase Documents, and shall conduct its business strictly in accordance with any applicable Requirement of Lawlaw; and and (iv) keep Keep adequate records and books of account, in which complete entries will be made in accordance with GAAP consistently applied.

Appears in 1 contract

Samples: Master Repurchase Agreement (WMC Finance Co)

Preservation of Existence; Compliance with Law. Seller shall (i) preserve and maintain its legal existence and all of its rights, privileges, licenses and franchises necessary for the operation of its business; (ii) comply with any applicable Requirement of Law, rules, regulations and orders, whether now in effect or hereafter enacted or promulgated by any applicable Governmental Authority (including, without limitation, all environmental laws); (iii) maintain all licenses, permits or other approvals necessary for Seller to conduct its business and to perform its obligations under the Program Documents, and shall conduct its business strictly in accordance with any applicable Requirement of Law; and (iv) keep adequate records and books of account, in which complete entries will be made in accordance with GAAP consistently applied.keep

Appears in 1 contract

Samples: Master Repurchase Agreement (Finance of America Companies Inc.)

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Preservation of Existence; Compliance with Law. Seller shall (i) preserve and maintain its legal existence and all of its material rights, privileges, licenses and franchises necessary for the operation of its business; (ii) comply with any applicable Requirement of Law, rules, regulations and orders, whether now in effect or hereafter enacted or promulgated by any applicable Governmental Authority (including, without limitation, all environmental laws); (iii) maintain all licenses, permits or other approvals necessary for Seller to conduct its business and to perform its obligations under the Program Documents, and shall conduct its business strictly in accordance with any applicable Requirement of Law; and (iv) keep adequate records and books of account, in which complete entries will be made in accordance with GAAP consistently applied.

Appears in 1 contract

Samples: Master Repurchase Agreement (loanDepot, Inc.)

Preservation of Existence; Compliance with Law. The Seller shall shall: (i) preserve Preserve and maintain its legal existence and all of its material rights, privileges, licenses and franchises necessary for the operation of its business; ; (ii) comply Comply, in all material respects, with any the requirements of all applicable Requirement of Lawlaws, rules, regulations and orders, whether now in effect or hereafter enacted or promulgated by any applicable Governmental Authority (including, without limitation, all environmental laws); ; (iii) maintain Maintain all material licenses, permits or other approvals necessary for the Seller to conduct its business and to perform its obligations under the Program Repurchase Documents, and shall conduct its business strictly in accordance with any applicable Requirement of Lawlaw; and and (iv) keep Keep adequate records and books of account, in which complete entries will be made in accordance with GAAP consistently applied.

Appears in 1 contract

Samples: Master Repurchase Agreement (Fieldstone Investment Corp)

Preservation of Existence; Compliance with Law. Seller shall (i) preserve and maintain its legal existence and all of its material rights, privileges, licenses and franchises necessary for the operation of its business; (ii) comply with any applicable Requirement of Law, rules, regulations and orders, whether now in effect or hereafter enacted or promulgated by any applicable Governmental Authority (including, without limitation, all environmental lawsEnvironmental Laws); (iii) maintain all licenses, permits or other approvals necessary for Seller to conduct its business and to perform its obligations under the Program Documents, and shall conduct its business strictly in accordance with any applicable Requirement of Law; and (iv) keep adequate records and books of account, in which complete entries will be made in accordance with GAAP consistently applied.

Appears in 1 contract

Samples: Master Repurchase Agreement (Granite Point Mortgage Trust Inc.)

Preservation of Existence; Compliance with Law. Seller shall (i) preserve and maintain its legal existence and all of its rights, privileges, licenses and franchises necessary for the operation of its business; (ii) comply with any applicable Requirement of Law, rules, regulations and orders, whether now in effect or hereafter enacted or promulgated by any applicable Governmental Authority (including, without limitation, all environmental laws); (iii) maintain all licenses, permits or other approvals necessary for Seller to conduct its business and to perform its obligations under the Program Documents, and shall conduct its business strictly in accordance with any applicable Requirement of Law; and (iv) keep adequate records and books of account, in which complete entries will be made in accordance with GAAP consistently applied.and

Appears in 1 contract

Samples: Master Repurchase Agreement (Finance of America Companies Inc.)

Preservation of Existence; Compliance with Law. Each Seller shall shall: (i) preserve Preserve and maintain its legal existence and all of its material rights, privileges, licenses and franchises necessary for the operation of its business; ; (ii) comply Comply with any the requirements of all applicable Requirement of Lawlaws, rules, regulations and orders, whether now in effect or hereafter enacted or promulgated by any applicable Governmental Authority (including, without limitation, all environmental laws); ; (iii) maintain Maintain all licenses, permits or other approvals necessary for such Seller to conduct its business and to perform its obligations under the Program Repurchase Documents, and shall conduct its business strictly in accordance with any applicable Requirement of Lawlaw; and and (iv) keep Keep adequate records and books of account, in which complete entries will be made in accordance with GAAP consistently applied.

Appears in 1 contract

Samples: Master Repurchase Agreement (Homebanc Corp)

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