Common use of Qualification in a Foreign Jurisdiction Clause in Contracts

Qualification in a Foreign Jurisdiction. The Company shall comply with all requirements necessary to qualify or register the Company as a foreign limited liability company in the State of New York and any jurisdiction in which the Company transacts business to the extent such qualification or registration is necessary, appropriate or advisable for the Company. At the request of any of the Members, each Member shall, execute, acknowledge and deliver any certificates, documents and other instruments that are necessary or appropriate to qualify, register, continue or terminate the Company as a foreign limited liability company in any such jurisdiction in which the Company owns property or transacts business or ceases to own property or transact business (as the case may be).