Duly Licensed Sample Clauses

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. You are and shall be duly licensed and in good standing to provide all of the services you furnish in the State of New York, as applicable to you.
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. 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. Such entity is duly organized and validly existing, duly licensed and/or qualified in all jurisdictions where such licensing and/or qualification is necessary.
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;