Organization and Good Standing; FDIC. The Seller has been duly organized and is validly existing as a Utah chartered bank, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted; and as of the date hereof, the Seller is insured by the Federal Deposit Insurance Corporation and is subject to the Federal Deposit Insurance Act;
Appears in 91 contracts
Samples: Pooling Agreement (Ally Auto Receivables Trust 2011-5), Pooling Agreement (Ally Auto Receivables Trust 2022-2), Pooling and Servicing Agreement (Ally Auto Receivables Trust 2010-4)
Organization and Good Standing; FDIC. The Seller has been duly organized and is validly existing as a Utah chartered bank, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted; and as of the date hereof, the Seller is insured by the Federal Deposit Insurance Corporation FDIC and is subject to the Federal Deposit Insurance Act;
Appears in 10 contracts
Samples: Pooling Agreement (Ally Auto Assets LLC), Pooling Agreement (Ally Auto Assets LLC), Pooling Agreement (Ally Auto Assets LLC)
Organization and Good Standing; FDIC. The Seller has been duly organized and is validly existing as a Utah chartered bank, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted; and as of the date hereof, the Seller is insured by the Federal Deposit Insurance Corporation FDIC and is subject to the Federal Deposit Insurance Act;
Appears in 9 contracts
Samples: Sale and Contribution Agreement (Ally Auto Receivables Trust 2013-Sn1), Sale and Contribution Agreement (Ally Auto Assets LLC), Sale and Contribution Agreement (Ally Auto Assets LLC)
Organization and Good Standing; FDIC. The Seller has been duly organized and is validly existing as a Utah chartered bank, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted; and as of the date hereof, the Seller is insured by the Federal Deposit Insurance Corporation and is subject to the Federal Deposit Insurance Act;
Appears in 2 contracts
Samples: Pooling Agreement (Ally Central Originating Lease Trust), Pooling Agreement (Ally Auto Receivables Trust 2012-Sn1)
