Duly Licensed. Such Party is duly licensed, authorized or qualified to do business and is in good standing (where such concept applies) in every jurisdiction in which a license, authorization or qualification is required for the ownership or leasing of its assets or the transaction of business of the character transacted by it, except where the failure to be so licensed, authorized or qualified would not have a material adverse effect on such Party’s ability to fulfill its obligations hereunder.
Duly Licensed. Consultant has all licenses necessary to carry on its business as it is now being conducted and is duly licensed and qualified, where required by law, to the extent that Consultant engages in the business of coordinating or arranging real estate-secured mortgage loans that have a commercial or business purpose. Consultant is in full compliance in all respects with all regulatory and supervisory agencies having jurisdictionover the Consultant. In the event of any change in Consultant’s licensing status, legal condition, or if any representation contained in this Agreement or otherwise submitted to ALTLOAN should change or no longer be accurate, Consultant agrees to immediately notify ALTLOAN consistent with this Agreement. The burden of proof of compliance with licensing in the jurisdiction where the Consultant is engaged in business and the jurisdiction where the subject property giving rise to the Consulting Fee is located is the sole and exclusive responsibility of Consultant.
Duly Licensed. Broker possesses all necessary licenses, permits, and authority to execute and deliver this Agreement to engage in the activities contemplated by this Agreement, and Broker is in full compliance in all respects, and in good standing, with all regulatory and supervisory agencies having jurisdiction over Broker.
Duly Licensed. All parties which have had any interest in the Loans, whether as mortgagee, assignee (other than Buyer or assignee of Buyer) or pledgee are (or during the period in which they held and disposed of such interest, were) in compliance with all applicable licensing requirements of the federal, state, and local government wherein the Mortgaged Property is located.
Duly Licensed. Broker is qualified to do business and possesses all necessary registration, licenses, and permits from all applicable local, state, and federal authorities, where such licensing is required, to engage in the activities contemplated by this Agreement. Broker will maintain these licenses, permits and/or registrations in full force and effect during the term of this Agreement. Broker agrees to notify Lender in writing in the event any notification of suspension, revocation, expiration, or other termination of license or registration. Broker further represents all of Broker’s Mortgage Loan Originators (“MLOs”) are properly licensed and registered with the National Mortgage Licensing System (“NMLS”) and are in compliance with all other applicable provisions of the S.A.F.E.
Duly Licensed. The Corporation is duly licensed, registered or qualified to carry on its Business in all jurisdictions where the character of its assets and property owned or leased or the nature of the activities conducted by it make such licensing, registration or qualification necessary or desirable under Applicable Law. The Corporation holds all Material Licences, Permits and all other prerequisites for conducting its Business under Applicable Law except where any failure to hold a Material Licence or Permit could not reasonably be expected to result in a Material Adverse Effect and there are no other Material Licenses, Permits or other prerequisites for conducting its Business under Applicable Laws other than as already obtained;
Duly Licensed. Broker is and shall continue during the term of this Agreement to be duly organized, validly existing, and in good standing under the laws of the state governing its creation and existence and duly qualified to transact business and in good standing in the state in which property serving as security for any Application or Loan is located. Broker and its employees possess all necessary licenses, permits, authorizations, registrations, and approvals to engage in the activities contemplated by this Agreement, including but not limited to properly licensure and sponsorship of Broker’s employees as required under the SAFE Act.