Servicing Qualifications. The Purchaser is, and as of the Closing Date shall be, licensed and qualified in all jurisdictions necessary to service the Accounts in accordance with all applicable Requirements of Law, except where the failure to be so qualified would not reasonably be expected to have a Material Adverse Effect on the Purchaser or the Business or on the ability of the Purchaser to perform its duties as servicer under the Pooling and Servicing Agreement following the Closing Date.
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Samples: Purchase, Sale and Servicing Transfer Agreement (Neiman Marcus, Inc.), Purchase, Sale and Servicing Transfer Agreement (Neiman Marcus Group Inc)
Servicing Qualifications. The Purchaser is, and or as of the Closing Date shall will be, licensed and qualified in all jurisdictions necessary to service the Accounts in accordance with all applicable Requirements of Lawlaws, except where the failure to be so qualified would not reasonably be expected to have a Purchaser Material Adverse Effect on the Purchaser or the Business or on the ability of the Purchaser to perform its duties as servicer under the Pooling and Servicing Agreement following the Closing DateEffect.
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Samples: Purchase, Sale and Servicing Transfer Agreement (Sears Roebuck & Co)
Servicing Qualifications. The Purchaser is, and or as of the Closing Date shall will be, licensed and qualified in all jurisdictions necessary to service the Accounts in accordance with all applicable Requirements of Law, except where the failure to be so qualified would not reasonably be expected to have a Material Adverse Effect on the Purchaser or the Business or on the ability of the Purchaser to perform its duties as servicer under the Pooling and Servicing Agreement following the Closing Date.
Appears in 1 contract
Samples: Purchase, Sale and Servicing Transfer Agreement (Dillards Inc)
Servicing Qualifications. The Purchaser or any entity to which it has subcontracted its servicing obligations is, and or as of the Closing Date shall will be, licensed and qualified in all jurisdictions necessary to service the Eligible Accounts in accordance with all applicable Requirements of Law, except where the failure to be so qualified would not reasonably be expected to have a Material Adverse Effect on the Purchaser or the Business or on the ability of the Purchaser to perform its duties as servicer under the Pooling and Servicing Agreement following the Closing DateBusiness.
Appears in 1 contract
Samples: Purchase, Sale and Servicing Transfer Agreement (Blair Corp)
Servicing Qualifications. The Each of the Purchaser and the Purchaser Parent is, and or as of the Closing Date shall will be, licensed and qualified in all jurisdictions necessary to service the Accounts in accordance with all applicable Requirements of Law, except where the failure to be so qualified would not reasonably be expected to have a Material Adverse Effect on the Purchaser or the Purchaser Parent or the Business or on the ability of the Purchaser to perform its duties as servicer under the Pooling Program Agreement and the Servicing Agreement following the Closing Date.
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