Organization and Good Standing. The Collateral Manager has been duly organized, and is validly existing as a corporation in good standing, under the laws of Delaware, with all requisite corporate power and authority to own or lease its properties and conduct its business as such business is presently conducted.
Organization and Good Standing. The Collateral Manager has been duly organized, and is validly existing as a corporation in good standing, under the laws of Maryland, with all requisite corporate power and authority to own or lease its properties and conduct its business as such business is presently conducted.
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