Common use of Qualification to Conduct Business Clause in Contracts

Qualification to Conduct Business. Each Seller is duly qualified to do business and is in good standing in every jurisdiction in which the character of the properties owned or leased by it or the nature of the businesses conducted by it makes such qualification necessary.

Qualification to Conduct Business. Each Seller is duly qualified or licensed to do business and is in good standing in every jurisdiction in which the character of the properties owned or leased by it or the nature of the businesses conducted by it makes such qualification necessaryor license necessary except where the failure to be so qualified or licensed would not, individually or in the aggregate, result in a Material Adverse Effect.