Common use of Organization and Good Standing Clause in Contracts

Organization and Good Standing. Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaser.

Appears in 203 contracts

Samples: Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2024-2), Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2024-2), Purchase Agreement (AFS SenSub Corp.)

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Organization and Good Standing. The Seller has shall have been duly organized and is shall be validly existing as a corporation limited liability company in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are shall be currently owned and such business is currently presently conducted, and had at all relevant times, and shall now hashave, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserReceivables.

Appears in 114 contracts

Samples: Sale and Servicing Agreement (Toyota Auto Receivables 2014-a Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2016-C Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2015-C Owner Trust)

Organization and Good Standing. The Seller has been is a limited liability company duly organized and is organized, validly existing as a corporation and in good standing under the laws of the State of Delaware, with and has power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and had at all relevant times, and now hasshall have, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserReceivables.

Appears in 100 contracts

Samples: Receivables Purchase Agreement (CarMax Auto Owner Trust 2011-1), Receivables Purchase Agreement (Carmax Auto Owner Trust 2007-1), Receivables Purchase Agreement (CarMax Auto Owner Trust 2010-3)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation limited liability company in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and to perform its obligations under and consummate the Other Conveyed Property to be transferred to Purchasertransactions contemplated by the Basic Documents.

Appears in 98 contracts

Samples: Sale and Servicing Agreement (Honda Auto Receivables 2013-2 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2020-2 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2017-1 Owner Trust)

Organization and Good Standing. The Seller has been is duly organized and is validly existing as a corporation limited liability company in good standing under the laws of the State of Delaware, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaser.

Appears in 93 contracts

Samples: Sale and Servicing Agreement (CNH Equipment Trust 2012-C), Sale and Servicing Agreement (CNH Equipment Trust 2015-C), Sale and Servicing Agreement (CNH Equipment Trust 2020-A)

Organization and Good Standing. Seller has been duly organized and is validly existing as a corporation limited liability company in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the EFLLC Receivables and the EFLLC Other Conveyed Property to be transferred to Purchaser.

Appears in 34 contracts

Samples: Purchase Agreement (Exeter Automobile Receivables Trust 2022-3), Purchase Agreement (Exeter Automobile Receivables Trust 2022-1), Purchase Agreement (Exeter Automobile Receivables Trust 2021-3)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation limited liability company in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaserthe Issuer.

Appears in 33 contracts

Samples: Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2022-2), Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2022-3), Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2023-5)

Organization and Good Standing. The Seller has been duly organized formed and is validly existing as a corporation an entity in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently presently owned and such business is currently presently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaser.;

Appears in 31 contracts

Samples: Pooling and Servicing Agreement (Capital Auto Receivables Asset Trust 2015-1), Pooling and Servicing Agreement (Capital Auto Receivables LLC), Pooling and Servicing Agreement (Capital Auto Receivables Asset Trust 2015-2)

Organization and Good Standing. The Seller has been is duly organized and is validly existing as a corporation limited liability company in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and has and had at all relevant times, and now has, full power, authority authority, and legal right to acquire, acquire and own and sell the Receivables Loans and the Other Conveyed Property to be transferred to Purchaserrelated Contracts.

Appears in 29 contracts

Samples: Sale and Servicing Agreement (Credit Acceptance Corp), Sale and Servicing Agreement (Credit Acceptance Corp), Sale and Servicing Agreement (Credit Acceptance Corp)

Organization and Good Standing. The Seller has been is duly organized and is organized, validly existing as a corporation in good standing under the laws of the State of Delaware, with and has the power and authority to own its properties and to conduct its the business as such properties are currently owned and such business in which it is currently conductedengaged, and had at all relevant times, and now has, the power, authority and legal right to acquire, acquire and own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserReceivables.

Appears in 26 contracts

Samples: Purchase Agreement (Caterpillar Financial Funding Corp), Purchase Agreement (Caterpillar Financial Asset Trust 2005-A), Purchase Agreement (Caterpillar Financial Funding Corp)

Organization and Good Standing. The Seller has been duly organized established and is validly existing as a corporation business trust in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are shall be currently owned and such business is currently presently conducted, and had at all relevant times, and now hasshall have, power, authority authority, and legal right to acquire, acquire and own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserReceivables.

Appears in 25 contracts

Samples: Sale and Servicing Agreement (Mmca Auto Receivables Trust), Sale and Servicing Agreement (Mmca Auto Receivables Trust), Sale and Servicing Agreement (Mmca Auto Owner Trust 2001-3)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation in good standing limited liability company under the laws of the State of Delaware, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaser.

Appears in 25 contracts

Samples: Receivables Purchase Agreement (BMW Fs Securities LLC), Receivables Purchase Agreement (BMW Vehicle Owner Trust 2016-A), Receivables Purchase Agreement (BMW Vehicle Owner Trust 2019-A)

Organization and Good Standing. The Seller has been is duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, Delaware limited liability company with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, presently conducted and had at all relevant times, and now has, power, authority and legal right is proposed to acquire, own and sell the Receivables be conducted pursuant to this Agreement and the Other Conveyed Property to be transferred to Purchaserother Basic Documents.

Appears in 24 contracts

Samples: Trust Agreement (Credit Acceptance Corp), Trust Agreement (Credit Acceptance Corp), Trust Agreement (Credit Acceptance Corp)

Organization and Good Standing. The Seller has been is a corporation duly organized and is organized, validly existing as a corporation and in good standing under the laws of the State of Delaware, with corporate power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and had at all relevant times, and now has, corporate power, authority and legal right to acquire, acquire and own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserReceivables.

Appears in 23 contracts

Samples: Sale and Servicing Agreement (Nissan Auto Receivables 2018-a Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables Corp Ii), Sale and Servicing Agreement (Nissan Auto Receivables 2016-B Owner Trust)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with corporate power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and had at all relevant times, and now has, corporate power, authority and legal right to acquire, acquire and own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserReceivables.

Appears in 22 contracts

Samples: Sale and Servicing Agreement (Nissan Auto Receivables 2014-a Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables 2013-a Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables 2012-a Owner Trust)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with corporate power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and had at all relevant times, and now has, corporate power, authority and legal right to acquireacquire and own the Receivables. The location of the Seller's chief executive office and principal place of business is Torrance, own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserCalifornia.

Appears in 20 contracts

Samples: Sale and Servicing Agreement (Nissan Auto Receivables Corp /De), Sale and Servicing Agreement (Nissan Auto Receivables 2000-C Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables 2001-B Owner Trust)

Organization and Good Standing. The Seller has been duly organized organized, and is validly existing as a corporation limited liability company in good standing standing, under the laws of the State of Delaware, with all requisite company power and authority to own or lease its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and had at all relevant times, and now has, has all necessary power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserCollateral.

Appears in 19 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

Organization and Good Standing. The Seller has been is duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with the corporate power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and had at all relevant times, and now has, the corporate power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserReceivables.

Appears in 19 contracts

Samples: Sale and Servicing Agreement (CNH Capital Receivables Inc), Sale and Servicing Agreement (CNH Equipment Trust 2003-B), Sale and Servicing Agreement (Case Receivables Ii Inc)

Organization and Good Standing. The Seller has been duly organized and organized, is validly existing as a corporation in good standing under the laws of the State of Delaware, Delaware with power and authority to own its properties and to conduct its business businesses as such properties are currently owned and such business is currently conducted, and has had at all relevant times, and now has, the power, authority and legal right to acquire, own and sell the Subsequent Receivables and the Subsequent Other Conveyed Property to be transferred to the Purchaser.

Appears in 18 contracts

Samples: Purchase Agreement (AFS SenSub Corp.), Purchase Agreement (Americredit Automobile Receivable Trust 2005-D-A), Purchase Agreement (Afs Sensub Corp.)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently presently owned and such business is currently presently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, acquire and own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaser.Receivables;

Appears in 18 contracts

Samples: Pooling Agreement (Navistar Financial Corp), Pooling Agreement (Navistar Financial Corp), Pooling Agreement (Navistar Financial 2005-a Owner Trust)

Organization and Good Standing. The Seller has been is duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, Delaware limited liability company with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, presently conducted and had at all relevant times, and now has, power, authority and legal right is proposed to acquire, own and sell the Receivables be conducted pursuant to this Agreement and the Other Conveyed Property to be transferred to PurchaserBasic Documents.

Appears in 17 contracts

Samples: Trust Agreement (Credit Acceptance Corporation), Trust Agreement (Credit Acceptance Corp), Trust Agreement (Credit Acceptance Corp)

Organization and Good Standing. The Seller has been duly organized formed and is validly existing as a corporation limited liability company solely under the laws of the State of Delaware and is in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaserthe Trust.

Appears in 14 contracts

Samples: Sale and Servicing (Consumer Portfolio Services Inc), Sale and Servicing (Consumer Portfolio Services Inc), Sale and Servicing (Consumer Portfolio Services Inc)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be other property transferred to Purchaserthe Trust.

Appears in 14 contracts

Samples: Sale and Servicing Agreement (Olympic Receivables Finance Corp), Sale and Servicing Agreement (Arcadia Receivables Finance Corp), Sale and Servicing Agreement (Arcadia Receivables Finance Corp)

Organization and Good Standing. Seller has been duly organized and is validly existing as a corporation Delaware limited liability company in good standing under the laws of the State of Delaware, with the power and authority to own its properties and to conduct its business as such properties are currently presently owned and such business is currently conducted, presently conducted and had at all relevant times, and now has, full power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaserother Trust Property.

Appears in 13 contracts

Samples: Pooling and Servicing Agreement (Citizens Auto Receivables, LLC), Pooling and Servicing Agreement (Usaa Acceptance LLC), Pooling and Servicing Agreement (Bas Securitization LLC)

Organization and Good Standing. The Seller has shall have been duly organized and is shall be validly existing as a corporation limited partnership in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are shall be currently owned and such business is currently presently conducted, and had at all relevant times, and now hasshall have, power, authority and legal right to acquire, acquire and own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserReceivables.

Appears in 11 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Receivables Two L P), Sale and Servicing Agreement (Ford Credit Auto Receivables Two L P), Sale and Servicing Agreement (Ford Credit Auto Receivables Two L P)

Organization and Good Standing. The Seller has been is duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, Delaware limited liability company with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and had at all relevant times, and now has, the power, authority and legal right to acquire, acquire and own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserReceivables.

Appears in 10 contracts

Samples: Sale and Servicing Agreement (Franklin Receivables Auto Trust 2003-1), Subsequent Transfer Agreement (Franklin Auto Trust 2004-2), Sale and Servicing Agreement (Franklin Auto Trust 2004-1)

Organization and Good Standing. Seller has been duly organized and is validly existing as a Delaware corporation in good standing under the laws of the State of Delaware, with the power and authority to own its properties and to conduct its business as such properties are currently presently owned and such business is currently conducted, presently conducted and had at all relevant times, and now has, full power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property other properties and rights included in the Owner Trust Estate assigned to be transferred Issuer pursuant to PurchaserArticle II.

Appears in 10 contracts

Samples: Sale and Servicing Agreement (Key Consumer Acceptance Corp), Sale and Servicing Agreement (Key Consumer Acceptance Corp), Sale and Servicing Agreement (Wells Fargo Auto Receivables Corp)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are shall be currently owned and such business is currently presently conducted, and had at all relevant times, and now has, power, authority authority, and legal right to acquire, acquire and own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserReceivables.

Appears in 9 contracts

Samples: Trust and Servicing Agreement (Uacsc 2000-D Owner Trust Auto Rec Backed Notes), Trust and Servicing Agreement (Uacsc Auto Trusts Uacsc 1999-D Owner Trust Auto Rec Bac Note), Trust and Servicing Agreement (Uacsc 2000-a Owner Trust Auto Rec Backed Notes)

Organization and Good Standing. The Seller has been is duly organized and is validly existing as a corporation statutory trust in good standing under the laws of the State of Delaware, with the trust power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaser.

Appears in 9 contracts

Samples: Receivables Purchase Agreement (GS Auto Loan Trust 2005-1), Receivables Purchase Agreement (GS Auto Loan Trust 2005-1), Receivables Purchase Agreement (GS Auto Loan Trust 2005-1)

Organization and Good Standing. The Seller has been is duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, Delaware limited liability company with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaser.

Appears in 9 contracts

Samples: Trust Agreement (Franklin Auto Trust 2004-1), Trust Agreement (Franklin Auto Trust 2003-2), Trust Agreement (Franklin Auto Trust 2004-2)

Organization and Good Standing. Seller has been duly organized and is validly existing as a corporation Delaware statutory trust in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the EFIT Receivables and the EFIT Other Conveyed Property to be transferred to Purchaser.

Appears in 8 contracts

Samples: Sale Agreement (Exeter Automobile Receivables Trust 2021-3), Sale Agreement (Exeter Automobile Receivables Trust 2021-1), Sale Agreement (Exeter Automobile Receivables Trust 2021-1)

Organization and Good Standing. The Seller has been duly organized organized, and is validly existing as a corporation limited liability company in good standing standing, under the laws of the State of Delaware, with all requisite company power and authority to own or lease its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and had at all relevant times, and now has, has all necessary power, authority and legal right to acquire, own own, pledge and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserCollateral.

Appears in 8 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are shall be currently owned and such business is currently conducted, presently conducted and had at all relevant times, and now hasshall have, power, authority and legal right to acquire, and own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserSamco Receivables.

Appears in 8 contracts

Samples: Execution (Consumer Portfolio Services Inc), Purchase Agreement (Consumer Portfolio Services Inc), Subsequent Purchase Agreement (Consumer Portfolio Services Inc)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaser.

Appears in 7 contracts

Samples: Receivables Purchase Agreement (First Merchants Acceptance Corp), Receivables Purchase Agreement (First Merchants Acceptance Corp), Receivables Purchase Agreement (Citigroup Vehicle Securities Inc)

Organization and Good Standing. Seller has been duly organized and is validly existing as a corporation Delaware limited liability company in good standing under the laws of the State of Delaware, with the power and authority to own its properties and to conduct its business as such properties are currently presently owned and such business is currently conducted, presently conducted and had at all relevant times, and now has, full power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property other properties and rights included in the Owner Trust Estate assigned to be transferred Issuer pursuant to PurchaserArticle II.

Appears in 7 contracts

Samples: Sale and Servicing Agreement (Bas Securitization LLC), Sale and Servicing Agreement (Volkswagen Public Auto Loan Securitization LLC), Sale and Servicing Agreement (Bas Securitization LLC)

Organization and Good Standing. The Seller has shall have been duly organized and is shall be validly existing as a corporation limited partnership in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are shall be currently owned and such business is currently presently conducted, and had at all relevant times, and now hasshall have, power, authority authority, and legal right to acquire, acquire and own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserReceivables.

Appears in 7 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Receivables Two L P), Sale and Servicing Agreement (Ford Credit Auto Receivables Two L P), Sale and Servicing Agreement (Ford Motor Credit Co)

Organization and Good Standing. The Seller has been is duly organized and is validly existing as a corporation limited liability company in good standing under the laws of the State of Delaware, with the requisite power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and had at all relevant times, and now has, the requisite power, authority and legal right to acquire, acquire and own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserReceivables.

Appears in 7 contracts

Samples: Sale and Servicing Agreement (World Omni Auto Receivables LLC), Sale and Servicing Agreement (World Omni Auto Receivables LLC), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2005-A)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with corporate power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and had at all relevant times, and now has, corporate power, authority and legal right to acquireacquire and own the Receivables. The location of the Seller’s chief executive office is in Nashville, own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserTennessee.

Appears in 7 contracts

Samples: Sale and Servicing Agreement (Nissan Auto Receivables 2009-a Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables Corp Ii), Sale and Servicing Agreement (Nissan Auto Receivables 2008-C Owner Trust)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with corporate power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and had at all relevant times, and now has, corporate power, authority and legal right to acquireacquire and own the Receivables. The location of the Seller’s chief executive office is in Franklin, own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserTennessee.

Appears in 7 contracts

Samples: Sale and Servicing Agreement (Nissan Auto Receivables 2011-a Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables 2010-a Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables 2011-B Owner Trust)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and had at all relevant times, and now has, the power, authority and legal right to acquire, acquire and own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserReceivables.

Appears in 6 contracts

Samples: Form of Purchase Agreement (FCC Receivables Corp), Receivables Purchase Agreement (Nal Financial Group Inc), Execution Copy (Nal Financial Group Inc)

Organization and Good Standing. The Seller has been duly organized formed and is validly existing as a corporation limited liability company solely under the laws of the State of Delaware and is in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Subsequent Receivables and the related Other Conveyed Property to be transferred to Purchaserthe Trust.

Appears in 6 contracts

Samples: Sale and Servicing (Consumer Portfolio Services Inc), Sale and Servicing (Consumer Portfolio Services Inc), Sale and Servicing (Consumer Portfolio Services Inc)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaserthe Trust.

Appears in 6 contracts

Samples: Sale and Servicing Agreement (United Pan Am Financial Corp), Sale and Servicing (UPFC Auto Receivables Trust 2005-B), Sale and Servicing (UPFC Auto Receivables Trust 2004-A)

Organization and Good Standing. The Seller has shall have been duly organized and is shall be validly existing as a corporation limited liability company in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are shall be currently owned and such business is currently presently conducted, and had at all relevant times, and now hasshall have, power, authority and legal right to acquire, acquire and own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserReceivables.

Appears in 6 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC), Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC), Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC)

Organization and Good Standing. The Seller has been is duly organized and is validly existing as a corporation limited liability company in good standing under the laws of the State of Delaware, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and had at all relevant times, and now has, the power, authority and legal right to acquire, own and sell service the Receivables and the Other Conveyed Property to be transferred to PurchaserReceivables.

Appears in 6 contracts

Samples: Sale and Servicing Agreement (CNH Capital Receivables LLC), Sale and Servicing Agreement (CNH Equipment Trust 2007-A), Sale and Servicing Agreement (CNH Equipment Trust 2006-B)

Organization and Good Standing. The Seller has been is duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with the corporate power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaser.

Appears in 5 contracts

Samples: Sale and Servicing Agreement (First Merchants Acceptance Corp), Sale and Servicing Agreement (Allied Capital Corp), Sale and Servicing Agreement (First Merchants Acceptance Corp)

Organization and Good Standing. The Seller has been is a corporation duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with Delaware and has full power and authority to own its properties and to conduct its business as such properties are currently presently owned and such business is currently presently conducted, and . The Seller had at all relevant times, and now has, all necessary power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserARSC Purchased Assets.

Appears in 5 contracts

Samples: Purchase Agreement (NRT Settlement Services of Missouri LLC), Purchase Agreement (Realogy Corp), Receivables Purchase Agreement (Domus Holdings Corp)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are shall be currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority authority, and legal right to acquire, acquire and own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserReceivables.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (Daimler Benz Vehicle Receivables Corp), Purchase Agreement (Daimler Benz Vehicle Receivables Corp), Pooling and Servicing Agreement (Daimler Benz Vehicle Receivables Corp)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with corporate power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and had at all relevant times, and now has, corporate power, authority and legal right to acquireacquire and own the Receivables. The location of the Seller’s chief executive office and principal place of business is Torrance, own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserCalifornia.

Appears in 5 contracts

Samples: Sale and Servicing Agreement (Nissan Auto Receivables 2005-B Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables Corp Ii), Sale and Servicing Agreement (Nissan Auto Receivables 2006-B Owner Trust)

Organization and Good Standing. The Seller has been is a corporation duly ------------------------------ organized and is validly existing as a corporation and in good standing under the laws law of the State of DelawareDelaware and has, with power in all material respects, full corporate power, authority and authority legal right to own its properties and to conduct its business as such properties are currently presently owned and such business is currently presently conducted, and had at all relevant timesto execute, deliver and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaser.perform its obligations under this Assignment;

Appears in 5 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Receivables LLC), Receivables Purchase Agreement (Greentree Floorplan Funding Corp), Pooling and Servicing Agreement (Greentree Floorplan Funding Corp)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation limited liability company in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and had at all relevant times, and now haswill have, power, authority and legal right to acquire, acquire and own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserReceivables.

Appears in 5 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC), Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC), Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation limited liability company in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaserthe Trust.

Appears in 5 contracts

Samples: Sale and Servicing (Efcar, LLC), Sale and Servicing (Efcar, LLC), Sale and Servicing (Triad Automobile Receivables Trust 2002 A)

Organization and Good Standing. The Seller has been is duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, Delaware with the corporate power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and had at all relevant times, and now has, the power, authority and legal right to acquire, acquire and own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserReceivables.

Appears in 5 contracts

Samples: Sale and Servicing (TMS Auto Holdings Inc), Sale and Servicing (Money Store Auto Trust 1996-2), Sale and Servicing (TMS Auto Holdings Inc)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are shall be currently owned and such business is currently conducted, presently conducted and had at all relevant times, and now hasshall have, power, authority and legal right to acquire, and own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserLinc Receivables.

Appears in 5 contracts

Samples: Execution (Consumer Portfolio Services Inc), Receivables Purchase Agreement (Consumer Portfolio Services Inc), Purchase Agreement (Consumer Portfolio Services Inc)

Organization and Good Standing. The Seller has been is duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and had at all relevant times, and now has, the power, authority and legal right to acquire, acquire and own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserReceivables.

Appears in 5 contracts

Samples: Sale and Servicing (Money Store Auto Trust 1996-2), Sale and Servicing (TMS Auto Holdings Inc), Sale and Servicing (TMS Auto Holdings Inc)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation statutory trust in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaserthe Trust.

Appears in 5 contracts

Samples: Sale and Servicing (Americredit Automobile Receivables Trust 2005-C-F), Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing (Americredit Automobile Receivables Trust 2003-C-F)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are shall be currently owned and such business is currently presently conducted, and had at all relevant times, and now hasshall have, power, authority authority, and legal right to acquire, acquire and own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserReceivables.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Mmca Auto Receivables Inc), Sale and Servicing Agreement (Daimler Benz Vehicle Receivables Corp), Sale and Servicing Agreement (Mmca Auto Receivables Inc)

Organization and Good Standing. Seller has been duly organized and is validly existing as a corporation limited liability company in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently presently owned and such business is currently presently conducted, and had at all relevant times, and now has, all necessary power, authority authority, and legal right to acquire, acquire and own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserPool Assets.

Appears in 4 contracts

Samples: Receivables Purchase Agreement (Land O Lakes Inc), Receivables Purchase Agreement (Land O Lakes Inc), Receivables Purchase Agreement (Land O Lakes Inc)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation an entity in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently presently owned and such business is currently presently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaser.;

Appears in 4 contracts

Samples: Pooling and Administration Agreement (Capital Auto Receivables LLC), Sale and Contribution Agreement (Capital Auto Receivables LLC), Sale and Contribution Agreement (Central Originating Lease Trust)

Organization and Good Standing. Seller has been duly organized and is validly existing as a corporation limited liability company in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently presently owned and such business is currently presently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, acquire and own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaser.Specified Assets;

Appears in 3 contracts

Samples: Purchase Agreement (Alliance Laundry Systems LLC), Purchase Agreement (Alliance Laundry Systems LLC), Purchase Agreement (Alliance Laundry Corp)

Organization and Good Standing. The related Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaserthe Trust.

Appears in 3 contracts

Samples: Sale and Servicing (Americredit Corp), Sale and Servicing (Americredit Corp), Sale and Servicing Agreement (Americredit Corp)

Organization and Good Standing. The Seller has shall have been duly organized and is shall be validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are shall be currently owned and such business is currently presently conducted, and had at all relevant times, and now hasshall have, power, authority authority, and legal right to acquire, acquire and own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserReceivables.

Appears in 3 contracts

Samples: Trust and Servicing Agreement (Uacsc Auto Trusts), Pooling and Servicing Agreement (Ford Credit Auto Receivables Corp), Trust and Servicing Agreement (Bay View Securitization Corp)

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Organization and Good Standing. Seller has been is a corporation duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with Delaware and has full power and authority to own its properties and to conduct its business as such properties are currently presently owned and such business is currently presently conducted, and . Seller had at all relevant times, and now has, all necessary power, authority authority, and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserRelated Assets.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Westpoint Stevens Inc), Receivables Purchase Agreement (Westpoint Stevens Inc), Receivables Purchase Agreement (Westpoint Stevens Inc)

Organization and Good Standing. The Seller has been is duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with and has the power and authority to own its properties and to conduct its the business as such properties are currently owned and such business in which it is currently conductedengaged, and had at all relevant times, and now has, the power, authority and legal right to acquire, acquire and own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserReceivables.

Appears in 3 contracts

Samples: Purchase Agreement (John Deere Receivables LLC), Purchase Agreement (John Deere Receivables, Inc.), Purchase Agreement (John Deere Receivables LLC)

Organization and Good Standing. The Seller has been duly organized established and is validly existing as a corporation statutory trust in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are shall be currently owned and such business is currently presently conducted, and had at all relevant times, and now hasshall have, power, authority authority, and legal right to acquire, acquire and own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserReceivables.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Mmca Auto Owner Trust 2002-5), Sale and Servicing Agreement (Mmca Auto Owner Trust 2002-5), Sale and Servicing Agreement (Mmca Auto Owner Trust 2002-4)

Organization and Good Standing. The Seller has been duly organized organized, and is validly existing as a corporation limited liability company in good standing standing, under the laws of the State of Delaware, with all requisite company power and authority to own or lease its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and had at all relevant times, and now has, all necessary power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserPurchased Collateral.

Appears in 3 contracts

Samples: Sale and Contribution Agreement (Capitalsource Inc), Sale and Contribution Agreement (Capitalsource Inc), Sale and Contribution Agreement (Capitalsource Inc)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are shall be currently owned and such business is currently presently conducted, and had at all relevant times, and now hasshall have, power, authority authority, and legal right to acquire, acquire and own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaser.Receivables. (b)

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Mmca Auto Receivables Inc), Sale and Servicing Agreement (Mmca Auto Receivables Inc), Sale and Servicing Agreement (Mmca Auto Receivables Inc)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaser.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Paragon Auto Receivables Corp), Pooling and Servicing Agreement (Paragon Auto Receivables Corp), Sale and Servicing Agreement (Paragon Auto Receivables Corp)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently presently owned and such business is currently presently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, acquire and own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserReceivables.

Appears in 3 contracts

Samples: Pooling Agreement (Navistar Financial Corp), Pooling Agreement (Navistar Financial Corp), Pooling Agreement (Navistar Financial Corp)

Organization and Good Standing. The Unaffiliated Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables Mortgage Loans and the Other Conveyed Property to be transferred to Purchaserthe Depositor.

Appears in 3 contracts

Samples: 'S Agreement (Prudential Securities Secured Financing Corp), S Agreement (Prudential Securities Secured Financing Corp), Prudential Securities Secured Financing Corp

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation in good standing limited liability company under the laws of the State of Delaware, with the corporate power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaser.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (BMW Vehicle Owner Trust 2002-A), Subsequent Purchase Agreement (BMW Vehicle Owner Trust 2001-A), Subsequent Purchase Agreement (BMW Vehicle Owner Trust 2001-A)

Organization and Good Standing. The Seller has been duly organized organized, and is validly existing as a corporation limited liability company in good standing standing, under the laws of the State of Delaware, with all requisite limited liability company power and authority to own or lease its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and had at all relevant times, and now has, all necessary power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserCollateral.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (NewStar Financial, Inc.), Sale and Servicing Agreement (NewStar Financial, Inc.), Sale and Servicing Agreement (NewStar Financial, Inc.)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are shall be currently owned and such business is currently conducted, presently conducted and had at all relevant times, and now hasshall have, power, authority and legal right to acquire, own and sell service the Receivables and the Other Conveyed Property transferred by it to be transferred to the Purchaser.

Appears in 2 contracts

Samples: Purchase Agreement (Asta Funding Inc), Purchase Agreement (Asta Funding Inc)

Organization and Good Standing. The Receivables Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be Collateral transferred to Purchaserthe Issuer.

Appears in 2 contracts

Samples: Sale and Servicing (Americredit Corp), Sale and Servicing Agreement (Americredit Corp)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently presently owned and such business is currently presently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaser.;

Appears in 2 contracts

Samples: Sale and Contribution Agreement (Central Originating Lease Trust), Sale and Contribution Agreement (Capital Auto Receivables Asset Trust 2005-Sn1)

Organization and Good Standing. Seller has been duly organized and is validly existing as a corporation Delaware limited liability company in good standing under the laws of the State of Delaware, with the power and authority to own its properties and to conduct its business as such properties are currently presently owned and such business is currently conducted, presently conducted and had at all relevant times, and now has, full power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property other properties and rights included in the Owner Trust Estate assigned to be transferred the Trust pursuant to PurchaserArticle II.

Appears in 2 contracts

Samples: Sale and Servicing (M&i Dealer Auto Securitization LLC), Sale and Servicing Agreement (M&i Dealer Auto Securitization LLC)

Organization and Good Standing. The Seller has been duly ------------------------------ organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaserthe Trust.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (TFC Enterprises Inc), Sale and Servicing (TFC Enterprises Inc)

Organization and Good Standing. Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently presently owned and such business is currently presently conducted, and had at all relevant times, and now has, all necessary power, authority authority, and legal right to acquire, own own, dispose of, and sell otherwise deal with, the Receivables and the Other Conveyed Property to be transferred to PurchaserPool Receivables.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Anuhco Inc), Receivables Purchase Agreement (Anuhco Inc)

Organization and Good Standing. Seller has been duly organized and is validly existing as a corporation [_______] in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the [Seller] Receivables and the [Seller] Other Conveyed Property to be transferred to Purchaser.

Appears in 2 contracts

Samples: Sale Agreement (Efcar, LLC), Sale Agreement (Efcar, LLC)

Organization and Good Standing. The Unaffiliated Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables Mortgage Loans and the Other Conveyed Property to be transferred to Purchaser.the Depositor;

Appears in 2 contracts

Samples: Trust Agreement (Prudential Securities Secured Financing Corp), Prudential Securities Secured Financing Corp

Organization and Good Standing. Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently presently owned and such business is currently presently conducted, and had at all relevant times, and now has, all necessary power, authority authority, and legal right to acquire, acquire and own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserPool Assets.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (D & K Healthcare Resources Inc), Receivables Purchase Agreement (D & K Healthcare Resources Inc)

Organization and Good Standing. The Seller has been is duly ------------------------------ organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, Delaware limited liability company with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaser.

Appears in 2 contracts

Samples: Trust Agreement (Franklin Receivables LLC), Trust Agreement (Franklin Receivables LLC)

Organization and Good Standing. The Seller has been duly organized organized, and is validly existing as a corporation statutory trust in good standing standing, under the laws of the State of Delaware, with all requisite trust power and authority to own or lease its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and had at all relevant times, and now has, has all necessary power, authority and legal right to acquire, own own, pledge and sell the Receivables and Assets in the Other Conveyed Property to be transferred to PurchaserAsset Pool.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (MCG Capital Corp), Sale and Servicing Agreement (MCG Capital Corp)

Organization and Good Standing. The Seller has been duly organized incorporated and is validly existing as a corporation in good standing solely under the laws of the State of Delaware, in good standing thereunder, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Subsequent Receivables and the related Other Conveyed Property to be transferred to Purchaserthe Trust.

Appears in 2 contracts

Samples: Sale and Servicing (Consumer Portfolio Services Inc), Sale and Servicing (Consumer Portfolio Services Inc)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of DelawareDelaware (subject to Section 5.1(f)), with all requisite corporate power and authority to own or lease its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and had at all relevant times, and now has, all necessary power, authority and legal right to acquire, acquire and own the Sale Portfolio and sell to Sell such Sale Portfolio to the Receivables and the Other Conveyed Property to be transferred to PurchaserPurchaser hereunder.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Fifth Street Finance Corp), Purchase and Sale Agreement (Fifth Street Finance Corp)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation limited liability company in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserReceivables.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (American Honda Receivables LLC), Pooling and Servicing Agreement (Pooled Auto Securities Shelf LLC)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with all requisite corporate power and authority to own or lease its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and had at all relevant times, and now has, all necessary power, authority and legal right to acquire, acquire and own each Collateral Obligation and to sell or contribute such Collateral Obligation to the Receivables and the Other Conveyed Property to be transferred to PurchaserIntermediate Seller hereunder.

Appears in 2 contracts

Samples: Master Loan Sale Agreement (GOLUB CAPITAL BDC, Inc.), Master Loan Sale Agreement (GOLUB CAPITAL BDC, Inc.)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are shall be currently owned and such business is currently conducted, presently conducted and had at all relevant times, and now hasshall have, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserTransferred Receivables.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Consumer Portfolio Services Inc), Receivables Purchase Agreement (Consumer Portfolio Services Inc)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation limited liability company in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business businesses as such properties are currently presently owned and such business is currently businesses are presently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaser.;

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (SWIFT Master Auto Receivables Trust), Pooling and Servicing Agreement (Wholesale Auto Receivables LLC)

Organization and Good Standing. Seller has been duly organized and is validly existing as a Delaware corporation in good standing under the laws of the State of Delaware, with the power and authority to own its properties and to conduct its business as such properties are currently presently owned and such business is currently conducted, presently conducted and had at all relevant times, and now has, full power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaserother Trust Property.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Key Consumer Acceptance Corp), Pooling and Servicing Agreement (Amsouth Auto Corp Inc)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with all requisite corporate power and authority to own or lease its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and had at all relevant times, and now has, all necessary power, authority and legal right to acquire, acquire and own each Collateral Obligation and to sell or contribute such Collateral Obligation to the Receivables and the Other Conveyed Property to be transferred to PurchaserClosing Date Seller hereunder.

Appears in 2 contracts

Samples: Master Loan Sale Agreement (GOLUB CAPITAL BDC, Inc.), Master Loan Sale Agreement (GOLUB CAPITAL BDC, Inc.)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property sold to be transferred to Purchaserthe Borrower.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Americredit Corp), Sale and Servicing Agreement (Americredit Corp)

Organization and Good Standing. Seller has been duly organized and is validly existing as a corporation limited liability company in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently presently owned and such business is currently presently conducted, and had at all relevant times, and now has, all necessary power, authority authority, and legal right to acquire, acquire and own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserPool Receivables.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Charming Shoppes Inc), Purchase and Sale Agreement (Charming Shoppes Inc)

Organization and Good Standing. The Seller has been duly organized organized, and is validly existing as a corporation in good standing standing, under the laws of the State of Delaware, with all requisite corporate power and authority to own or lease its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and . The Seller had at all relevant times, and now has, has all necessary power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to PurchaserAssets.

Appears in 2 contracts

Samples: Loan Sale Agreement (Fifth Street Senior Floating Rate Corp.), Loan Sale Agreement (Oaktree Specialty Lending Corp)

Organization and Good Standing. Seller has been duly organized and is validly existing as a corporation duly organized, validly existing, and in good standing under the laws of the State of Delaware, with has all requisite corporate power and authority to own and operate its properties and assets and to conduct carry on its business as such properties are currently owned now conducted and such business is currently as proposed to be conducted, to execute and had at all relevant timesdeliver this Agreement and carry out the provisions hereof, and now has, power, authority and legal right to acquire, own and sell deliver the Receivables and shares of Common Stock that the Other Conveyed Property to be transferred to PurchaserBuyer is purchasing hereunder.

Appears in 2 contracts

Samples: Subscription Agreement (Gold Run Inc.), Amended Subscription Agreement (Gold Run Inc.)

Organization and Good Standing. The Seller has been duly organized incorporated and is validly existing as a corporation solely under the laws of the State of Delaware and is in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaserthe Trust.

Appears in 2 contracts

Samples: Sale and Servicing (Consumer Portfolio Services Inc), Sale and Servicing (Consumer Portfolio Services Inc)

Organization and Good Standing. The Seller has been duly organized organized, and is validly existing as a corporation limited liability company in good standing standing, under the laws of the State of Delaware, with all requisite company power and authority to own or lease its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted, and had at all relevant times, and now has, has all necessary power, authority and legal right to acquire, own and sell the Receivables and Assets in the Other Conveyed Property to be transferred to PurchaserAsset Pool.

Appears in 2 contracts

Samples: Loan Certificate and Servicing Agreement (Capitalsource Inc), Loan Certificate and Servicing Agreement (Capitalsource Inc)

Organization and Good Standing. The Seller has been duly organized formed and is validly existing as a corporation and in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned presently conducted and such business is currently conducted, has the power and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables convey all of its properties and to execute and deliver this Agreement and the Other Conveyed Property applicable Transaction Documents and to be transferred to Purchaserperform the transactions contemplated hereby and thereby.

Appears in 2 contracts

Samples: Loan Sale and Servicing Agreement (Bluegreen Corp), Loan Sale and Servicing Agreement (Bluegreen Corp)

Organization and Good Standing. The Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaserthe Trust. The Seller is not organized under the laws of any other State.

Appears in 1 contract

Samples: Sale and Servicing (TFC Enterprises Inc)

Organization and Good Standing. Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with the power and authority to execute and legal right to own its properties and to conduct its business as such properties are currently presently owned and such business is currently conducted, presently conducted and had at all relevant times, and now has, full power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property other properties and rights included in the Owner Trust Estate assigned to be transferred Issuer pursuant to PurchaserArticle II.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Ace Sec Corp Wells Fargo Financial Auto Owner Trust 2004-A)

Organization and Good Standing. The Seller has been is a limited ------------------------------ partnership duly organized and is validly existing as a corporation and in good standing under the laws law of the State of DelawareDelaware and has, with power in all material respects, full power, authority and authority legal right to own its properties and to conduct its business as such properties are currently presently owned and such business is currently presently conducted, and had at all relevant timesto execute, deliver and now has, power, authority and legal right to acquire, own and sell the Receivables and the Other Conveyed Property to be transferred to Purchaserperform its obligations under this Assignment.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Deutsche Floorplan Receivables L P)

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