Common use of Organization and Authority of Purchaser Clause in Contracts

Organization and Authority of Purchaser. Purchaser is a duly organized, validly existing Delaware statutory trust in good standing under the laws of the State of Delaware; Purchaser has, and its Eligible Lender Trustee and officers acting on its behalf have, all necessary statutory power and authority to make and perform this Agreement, including (without limitation) the power and authority to purchase Student Loans from Seller under the terms and conditions of this Agreement.

Organization and Authority of Purchaser. Purchaser is a duly organized, validly existing Delaware statutory trust and in good standing under the laws of the State of Delaware; Purchaser has, and its Eligible Lender Trustee Purchaser ELT and officers acting on its behalf have, all necessary statutory power and authority to make and perform this Agreement, including (without limitation) the power and authority to purchase Student Eligible Loans from Seller under the terms and conditions of this Agreement.

Organization and Authority of Purchaser. Purchaser is a corporation duly organized, organized and validly existing Delaware statutory trust in good standing under the laws of the State of Delaware; Purchaser has, Delaware and its Eligible Lender Trustee and officers acting on its behalf have, has all necessary statutory corporate power and authority to make enter into this Agreement and perform this Agreementto consummate the transactions contemplated hereby. This Agreement has been duly authorized, including (without limitation) the power executed and authority to purchase Student Loans from Seller under the terms delivered by Purchaser and conditions constitutes a legal, valid and binding obligation of this AgreementPurchaser enforceable against Purchaser in accordance with its terms.

Organization and Authority of Purchaser. Purchaser is a duly organized, validly existing Delaware statutory business trust in good standing under the laws of the State of Delaware; Purchaser has, and its Eligible Lender Trustee and officers acting on its behalf have, all necessary statutory power and authority to make and perform this Agreement, including (without limitation) the power and authority to purchase Student Loans from Seller under the terms and conditions of this Agreement.

Organization and Authority of Purchaser. Purchaser is a duly organized, validly existing Delaware statutory trust and in good standing under the laws of the State of Delaware; Purchaser has, and its Eligible Lender Trustee and officers acting on its behalf have, all necessary statutory power and authority to make and perform this Agreement, including (without limitation) the power and authority to purchase Student Loans from Seller under the terms and conditions of this Agreement.

Organization and Authority of Purchaser. Purchaser is a duly organized, validly existing Delaware statutory trust and in good standing under the laws of the State of Delaware; Purchaser has, and its Eligible Lender Trustee Purchaser ELT and officers acting on its behalf have, all necessary statutory power and authority to make and perform this Agreement, including (without limitation) the power and authority to purchase Student Loans from Seller under the terms and conditions of this Agreement.