Common use of Organization and Good Standing Clause in Contracts

Organization and Good Standing. The Servicer is duly organized and validly existing as a limited liability company in good standing under the laws of the state of its organization, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has, the power, authority and legal right to service the Receivables and to hold the Receivable Files as custodian.

Appears in 75 contracts

Samples: Sale and Servicing Agreement (CNH Capital Receivables LLC), Sale and Servicing Agreement (CNH Capital Receivables LLC), Sale and Servicing Agreement (CNH Capital Receivables LLC)

Find Contract Templates for Drafting

Create higher quality contracts in record time by searching through millions of contracts from the best law firms.

30+ Reviews on G2 Crowd
"Excellent source of contracts and clauses"
Michael-G.png
Michael G
Special Counsel

Organization and Good Standing. The Servicer Depositor is duly organized and validly existing as a limited liability company in good standing under the laws of the state State of its organization 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 presently conducted, and had at all relevant times, and has, the requisite power, authority and legal right to service acquire and own the Receivables and to hold the Receivable Files as custodian Receivables.

Appears in 71 contracts

Samples: Sale and Servicing Agreement (World Omni Select Auto Trust 2020-A), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2020-B), Sale and Servicing Agreement (World Omni Select Auto Trust 2020-A)

Organization and Good Standing. The Servicer is a corporation duly organized and organized, validly existing as a limited liability company and in good standing under the laws of the state jurisdiction of its organization incorporation, with and has the corporate power and authority to own its properties and to conduct its the business as such properties are in which it is currently owned and such business is presently conducted engaged, and had at all relevant times, and has, the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian.

Appears in 49 contracts

Samples: Sale and Servicing Agreement (John Deere Owner Trust 2021), Sale and Servicing Agreement (John Deere Owner Trust 2020), Sale and Servicing Agreement (John Deere Owner Trust 2020-B)

Organization and Good Standing. The Servicer is has been duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the state State of its organization California, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has, the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian custodian on behalf of the Issuer.

Appears in 42 contracts

Samples: Sale and Servicing Agreement (American Honda Receivables LLC), Sale and Servicing Agreement (Honda Auto Receivables 2010-1 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2011-1 Owner Trust)

Organization and Good Standing. The Servicer Seller is duly organized and validly existing as a limited liability company in good standing under the laws of the state State of its organization Michigan, with the power and authority as a limited liability company to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has, the power, authority and legal right to service acquire and own the Standard Receivables and to hold the Receivable Files as custodian Fixed Value Receivables.

Appears in 32 contracts

Samples: Sale and Servicing Agreement (DaimlerChrysler Auto Trust 2007-A), Sale and Servicing Agreement (Daimlerchrysler Auto Trust 2008-B), Sale and Servicing Agreement (Daimlerchrysler Auto Trust 2008-A)

Organization and Good Standing. The Servicer is duly organized and validly existing as a limited liability company in good standing under the laws of the state of its organization formation, with the power and authority as a limited liability company to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has, the power, authority and legal right to acquire, own, sell and service the Standard Receivables and the Fixed Value Receivables and to hold the Receivable Files as custodian.

Appears in 32 contracts

Samples: Sale and Servicing Agreement (DaimlerChrysler Auto Trust 2007-A), Sale and Servicing Agreement (Daimlerchrysler Auto Trust 2008-B), Sale and Servicing Agreement (Daimlerchrysler Auto Trust 2008-A)

Organization and Good Standing. The Servicer is has been duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the state of its organization incorporation, with the power and authority to own its properties and to conduct its business as such properties are shall be currently owned and such business is presently conducted, and had at all relevant times, and has shall have, the power, authority authority, and legal right to acquire, own, sell, and service the Receivables and to hold the Receivable Files as custodian custodian on behalf of the Trustee.

Appears in 30 contracts

Samples: Sale and Servicing Agreement (Mmca Auto Owner Trust 2001-3), Sale and Servicing Agreement (Mmca Auto Owner Trust 2001-3), Sale and Servicing Agreement (Mmca Auto Owner Trust 2001 2)

Organization and Good Standing. The Servicer is duly organized and validly existing as a limited liability company corporation in good standing under the laws of the state State of its organization incorporation, 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 presently conducted, and had at all relevant times, and has, the corporate power, authority and legal right to acquire, own, and service the Receivables and to hold the Receivable Files as custodian Receivables.

Appears in 30 contracts

Samples: Sale and Servicing Agreement (Hyundai Abs Funding Corp), Form of Sale and Servicing Agreement (Hyundai Abs Funding Corp), Sale and Servicing Agreement (Hyundai Auto Receivables Trust 2012-A)

Organization and Good Standing. The Servicer is has been duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the state State of its organization incorporation, 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 presently conducted, and had at all relevant times, and has, the corporate power, authority and legal right to acquire, own, and service the Receivables and to hold the Receivable Files as custodian Receivables.

Appears in 26 contracts

Samples: Sale and Servicing Agreement (Hyundai Auto Receivables Trust 2020-C), Sale and Servicing Agreement (Hyundai Auto Receivables Trust 2020-B), Sale and Servicing Agreement (Hyundai Auto Receivables Trust 2020-B)

Organization and Good Standing. The Servicer is a corporation duly organized and organized, validly existing as a limited liability company and in good standing under the laws of the state of its organization incorporation, 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 presently conducted, and had at all relevant times, and has, the corporate power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian custodian on behalf of the Issuer and the Indenture Trustee.

Appears in 25 contracts

Samples: Sale and Servicing Agreement (Nissan Auto Receivables 2017-B Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables 2019-A Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables 2018-A Owner Trust)

Organization and Good Standing. The Servicer is has been duly organized and is validly existing as a limited liability company federally chartered savings association or corporation and is in good standing under the laws of the United States of America or its state of its organization incorporation, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has, the power, authority authority, and legal right to acquire, own, sell, and service the Receivables and to hold the Receivable Files as custodian custodian on behalf of the Indenture Trustee.

Appears in 24 contracts

Samples: Sale and Servicing Agreement (Usaa Acceptance LLC), Sale and Servicing Agreement (USAA Auto Owner Trust 2007-1), Sale and Servicing Agreement (USAA Auto Owner Trust 2007-2)

Organization and Good Standing. The Servicer is Depositor has been duly organized and is validly existing as a limited liability company in good standing under the laws of the state State of its organization 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 presently conducted, and had at all relevant times, and has, including the power, authority and legal right to service acquire and sell the Receivables and to hold the Receivable Files as custodian Receivables.

Appears in 23 contracts

Samples: Receivables Purchase Agreement (Hyundai Auto Receivables Trust 2020-C), Receivables Purchase Agreement (Hyundai Auto Receivables Trust 2020-A), Receivables Purchase Agreement (Hyundai Auto Receivables Trust 2020-B)

Organization and Good Standing. The Backup Servicer is has been duly organized and is validly existing as a limited liability company national banking association in good standing under the laws of the state of its organization United States, with has the power power, authority and authority legal right to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, currently conducted and had at all relevant times, and has, has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian custodian on behalf of the Trust.

Appears in 21 contracts

Samples: Sale and Servicing Agreement (Carmax Auto Funding LLC), Sale and Servicing Agreement (Carmax Auto Funding LLC), Sale and Servicing Agreement (Carmax Auto Funding LLC)

Organization and Good Standing. The Servicer is duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the state of its organization incorporation, 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 presently conducted, and had at all relevant times, and has, the corporate power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian custodian on behalf of the Trust and the Indenture Trustee.

Appears in 21 contracts

Samples: Sale and Servicing Agreement (Nissan Auto Receivables 2014-A Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables 2015-C Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables Corp Ii)

Organization and Good Standing. The Servicer is duly organized and validly existing as a limited liability company corporation in good standing under the laws of the state State of its organization Delaware, with the corporate power and authority to own its properties and to conduct its business as such properties are shall be currently owned and such business is presently conducted, and had at all relevant times, and has, the corporate power, authority authority, and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian.

Appears in 21 contracts

Samples: Sale and Servicing Agreement (Long Beach Acceptance Auto Receivables Trust 2005-B), Sale and Servicing Agreement (Long Beach Acceptance Receivables Corp.), Sale and Servicing Agreement (Long Beach Acceptance Receivables Corp. II)

Organization and Good Standing. The Servicer is Depositor has been duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the state State of its organization 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 presently conducted, and had at all relevant times, and has, including the corporate power, authority and legal right to service acquire and sell the Receivables and to hold the Receivable Files as custodian Receivables.

Appears in 19 contracts

Samples: Receivables Purchase Agreement (Hyundai Abs Funding Corp), Receivables Purchase Agreement (Hyundai Auto Receivables Trust 2015-A), Receivables Purchase Agreement (Hyundai Auto Receivables Trust 2015-B)

Organization and Good Standing. The Servicer is duly organized and validly existing as a limited liability company corporation in good standing under the laws of the state of its organization incorporation, 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 presently conducted, and had at all relevant times, and has, the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian.

Appears in 19 contracts

Samples: Sale and Servicing Agreement (CNH Capital Receivables Inc), Sale and Servicing Agreement (Case Receivables Ii Inc), Sale and Servicing Agreement (Case Receivables Ii Inc)

Organization and Good Standing. The Servicer Franklin Capital is duly organized and validly existing as a limited liability company corporation in good standing under the laws of the state of its organization incorporation, 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 presently conducted, and had at all relevant times, and has, the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian.

Appears in 14 contracts

Samples: Sale and Servicing Agreement (Franklin Auto Trust 2008-A), Sale and Servicing Agreement (Franklin Auto Trust 2006-1), Sale and Servicing Agreement (Franklin Auto Trust 2007-1)

Organization and Good Standing. The Servicer is has been duly organized and is validly existing as a limited liability company national banking association or corporation and is in good standing under the laws of the state United States of America or the jurisdiction of its organization incorporation, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has, the power, authority authority, and legal right to acquire, own, sell, and service the Receivables and to hold the Receivable Files as custodian custodian on behalf of the Issuer.

Appears in 14 contracts

Samples: Form of Sale and Servicing Agreement (Chase Manhattan Bank Usa), Form of Sale and Servicing Agreement (Chase Manhattan Bank Usa National Association), Chase Manhattan Auto Owner Trust 2001-B

Organization and Good Standing. The Servicer is shall have been duly organized and shall be validly existing as a limited liability company corporation in good standing under the laws of the state State of its organization incorporation, with the power and authority to own its properties and to conduct its business as such properties are shall be currently owned and such business is presently conducted, and had at all relevant times, and has shall have, the power, authority authority, and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian custodian on behalf of the Issuer and the Indenture Trustee.

Appears in 14 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 LLC)

Organization and Good Standing. The Servicer is duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the state of its organization incorporation, 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 presently conducted, and had at all relevant times, and has, the corporate power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian custodian on behalf of the Trust and the Indenture Trustee. The location of the Servicer's chief executive office and principal place of business is Torrance, California.

Appears in 13 contracts

Samples: Sale and Servicing Agreement (Nissan Auto Receivables 2002-A Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables 2002 C Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables 2004-C Owner Trust)

Organization and Good Standing. The Servicer It has been duly incorporated and is duly organized and validly existing as a limited liability company corporation in good standing under the laws of the state State of its organization California authorized to engage in the business of banking, with has the corporate power and authority to execute and legal right to own its properties and to conduct its business of originating Receivables as such properties are currently at present owned and such business is presently conducted, at present conducted and had at all relevant times, and has, the power, authority and legal right to acquire, own, service and sell the Receivables and Conveyed Assets pursuant to hold the Receivable Files as custodian terms of this Agreement.

Appears in 12 contracts

Samples: Agreement (California Republic Auto Receivables Trust 2018-1), Agreement (California Republic Auto Receivables Trust 2018-1), California Republic Auto Receivables Trust 2015-3

Organization and Good Standing. The Servicer Practice is a professional service corporation duly organized organized, validly existing, and validly existing as a limited liability company in good standing under the laws of the state State of its organization Delaware, with the and has all necessary corporate power and authority to own all of its properties and assets and to conduct carry on its business as such properties are currently owned and such business is presently now being conducted , and had at all relevant times, and has, the power, authority and legal right to service the Receivables and to hold the Receivable Files as custodian .

Appears in 12 contracts

Samples: Management Services Agreement (Virtual Radiologic CORP), Management Services Agreement (Virtual Radiologic CORP), Management Services Agreement (Virtual Radiologic CORP)

Organization and Good Standing. The Servicer Seller has been duly incorporated and is duly organized and validly existing as a limited liability company corporation in good standing under the laws of the state State of its organization 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 presently conducted, and had at all relevant times, and now has, the power, authority and legal right to service acquire and own the Eligible Receivables in the Accounts in the Pool of Accounts and to hold the Receivable Files as custodian Collateral Security related thereto.

Appears in 12 contracts

Samples: Trust Sale and Servicing Agreement (Superior Wholesale Inventory Financing Trust Xii), Trust Sale and Servicing Agreement (Superior Wholesale Inventory Financing Trust Ix), Trust Sale and Servicing Agreement (Superior Wholesale Inventory Financing Trust X)

Organization and Good Standing. The Servicer is Purchaser has been duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the state State of its organization 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 presently conducted, and had at all relevant times, and now has, the power, authority and legal right to service acquire and own the Eligible Receivables arising in the Accounts in the Pool of Accounts and to hold the Receivable Files as custodian. Collateral Security related thereto;

Appears in 11 contracts

Samples: Pooling and Servicing Agreement (Superior Wholesale Inventory Financing Trust X), Pooling and Servicing Agreement (Wholesale Auto Receivables Corp), Pooling and Servicing Agreement (Superior Wholesale Inventory Financing Trust Xi)

Organization and Good Standing. The Servicer is duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the state of its organization incorporation, 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 presently conducted, and had at all relevant times, and has, the corporate power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian custodian on behalf of the Trust and the Indenture Trustee. The location of the Servicer’s chief executive office is in Nashville, Tennessee.

Appears in 10 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 Corp Ii)

Organization and Good Standing. The Servicer is duly organized and validly existing as a limited liability company corporation in good standing under the laws of the state The Commonwealth of its organization Massachusetts, with the requisite corporate power and authority to own its properties as such properties are currently owned and to conduct its business as such properties are currently owned and such business is presently conducted now conducted by it, and had at all relevant times, has the requisite corporate power and has, the power, authority and legal right to service the Receivables Transition Property and to hold the Receivable Files Transition Property Records as custodian.

Appears in 9 contracts

Samples: Transition Property Servicing Agreement (BEC Funding II, LLC), Transition Property Servicing Agreement (CEC Funding, LLC), Transition Property Servicing Agreement (BEC Funding II, LLC)

Organization and Good Standing. The Servicer is Such Party has been duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the state State of its organization 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 presently conducted, and had at all relevant times, and now has, the power, authority and legal right (A) in the case of the Seller, to acquire and own the Receivables and (B) in the case of the Servicer, to service the Receivables and to hold the Receivable Files as custodian. provided in this Agreement;

Appears in 8 contracts

Samples: Pooling and Servicing Agreement (Navistar Financial Retail Receivables Corporation), Pooling and Servicing Agreement (Navistar Financial Retail Receivables Corporation), Pooling and Servicing Agreement (Navistar Financial Retail Receivables Corporation)

Organization and Good Standing. The Servicer is has been duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the state of its organization incorporation, with has the power power, authority and authority legal right to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, currently conducted and had at all relevant times, and has, has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian custodian on behalf of the Trust.

Appears in 8 contracts

Samples: CarMax Auto Owner Trust 2004-2, CarMax Auto Owner Trust 2004-1, Carmax Auto Funding LLC

Organization and Good Standing. The Servicer is duly organized and validly existing as a limited liability company in good standing under the laws of the state State of its organization, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has, the power, authority and legal right to service the Receivables and to hold the Receivable Files as custodian.

Appears in 8 contracts

Samples: Sale and Servicing Agreement (CNH Equipment Trust 2020-A), Sale and Servicing Agreement (CNH Equipment Trust 2021-A), Sale and Servicing Agreement (CNH Equipment Trust 2019-C)

Organization and Good Standing. The Servicer Collateral Custodian is a national banking association duly organized and organized, validly existing as a limited liability company and in good standing under the laws of the state of its organization United States, with the power and has full power, authority and legal right to own its properties and to conduct its business as such properties are currently presently owned and such business is presently conducted, and had at all relevant times to execute, deliver and has, perform its obligations under the power, authority and legal right Transaction Documents to service the Receivables and to hold the Receivable Files as custodian which it is a party.

Appears in 7 contracts

Samples: Collateral Custodian Agreement (Carvana Auto Receivables Trust 2021-P1), Collateral Custodian Agreement (Carvana Auto Receivables Trust 2020-P1), Collateral Custodian Agreement (Carvana Auto Receivables Trust 2020-P1)

Organization and Good Standing. The Servicer is duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the state of its organization incorporation, 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 presently conducted, and had at all relevant times, and has, the corporate power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian custodian on behalf of the Trust and the Indenture Trustee. The location of the Servicer’s chief executive office is in Franklin, Tennessee.

Appears in 7 contracts

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

Organization and Good Standing. The Servicer is duly organized and validly existing as a limited liability company corporation in good standing under the laws of the state of its organization, incorporation 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 presently conducted, and had at all relevant times, and has, the corporate power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian custodian on behalf of the Trust and the Indenture Trustee.

Appears in 7 contracts

Samples: Form of Sale and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp), Form of Sale and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp), Form of Sale and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp)

Organization and Good Standing. The Servicer Seller is duly organized and validly existing as a limited liability company in good standing under the laws of the state State of its organization 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 presently conducted, and had at all relevant times, and has, the power, authority and legal right to service the Receivables and to hold the Receivable Files as custodian Receivables.

Appears in 6 contracts

Samples: Sale and Servicing Agreement (CNH Capital Receivables LLC), Sale and Servicing Agreement (CNH Equipment Trust 2005-B), Sale and Servicing Agreement (CNH Equipment Trust 2006-A)

Organization and Good Standing. The Servicer is and each Subservicer has been duly organized and is validly existing as a corporation or limited liability company company, as applicable, in good standing under the laws of the state State of its organization incorporation or formation, as applicable, with the 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 presently conducted, conducted and to enter into and perform its obligations pursuant to this Agreement and the Servicer had at all relevant times, and has now has all requisite corporate power and authority to acquire, the power own, authority sell and legal right to service the Receivables and to hold the Receivable Files as custodian other Collateral.

Appears in 6 contracts

Samples: Omnibus Amendment (Regional Management Corp.), Credit Agreement (Regional Management Corp.), Credit Agreement

Organization and Good Standing. The Servicer is has been duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the state State of its organization incorporation, with the power and authority to own its properties and to conduct its business as in each jurisdiction in the United States of America in which the conduct of its business or the ownership of its properties requires such properties are currently owned and such business is presently conducted qualifications, and had at all relevant times, and has, the power, authority authority, and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian custodian on behalf of the Issuer and the Indenture Trustee.

Appears in 6 contracts

Samples: Ford Credit Auto Receivables Two LLC, Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2004-A)

Organization and Good Standing. The Servicer is has been duly organized and is validly existing as a limited liability company corporation, and in good standing under the laws of the state State of its organization 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 presently conducted, and had at all relevant times, and now has, the power, authority and legal right to service the Receivables as provided in this Agreement and to hold the Receivable Files as custodian Titling Trust Servicing Agreement.

Appears in 6 contracts

Samples: Servicing Agreement (Navistar Financial Corp), Servicing Agreement (Navistar Financial 2004-B Owner Trust), Servicing Agreement (Navistar Financial 2005-A Owner Trust)

Organization and Good Standing. The Servicer is duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the state of its organization incorporation, 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 presently conducted, and had at all relevant times, and has, the corporate power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian custodian on behalf of the Trust and the Indenture Trustee. The location of the Servicer’s chief executive office and principal place of business is Torrance, California.

Appears in 6 contracts

Samples: Sale and Servicing Agreement (Nissan Auto Receivables Corp Ii), 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 Servicer is duly organized and organized, validly existing as a limited liability company and in good standing under the laws of the state of its organization formation, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has, the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian custodian on behalf of the Issuer and the Indenture Trustee.

Appears in 6 contracts

Samples: Sale and Servicing Agreement (Nissan Auto Receivables 2020-A Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables Corp Ii), Sale and Servicing Agreement (Nissan Auto Receivables 2020-A Owner Trust)

Organization and Good Standing. The Servicer is CFSC has been duly organized and is validly existing as a limited liability company and in good standing as a corporation under the laws of the state State of its organization Minnesota, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently currently conducted, and had at all relevant times, and has, the full power, authority and legal right to service acquire and own the Receivables Initial Contracts and the Initial Collateral Security and to hold transfer the Receivable Files as custodian Initial Contracts and the Initial Collateral Security to the Trust pursuant to the Pooling and Servicing Agreement.

Appears in 5 contracts

Samples: Transfer Agreement (Conseco Finance Securitizations Corp), Transfer Agreement (Conseco Finance Securitizations Corp), Transfer Agreement (Conseco Finance Securitizations Corp)

Organization and Good Standing. The Servicer is has been duly organized and is validly existing as a limited liability company national banking association in good standing under the laws of the state of its organization United States, 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 presently conducted, and had at all relevant times, and has shall have, the power, authority and legal right to service the Receivables and to hold the Receivable Files as custodian other Trust Property.

Appears in 5 contracts

Samples: Bas Securitization LLC, Bas Securitization LLC, Lehman Brothers Asset Securitization LLC

Organization and Good Standing. The Servicer Administrator is duly organized incorporated and validly existing as a limited liability company corporation in good standing under the laws of the state of its organization incorporation, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has, the power, authority and legal right right, to service administer the Receivables and to hold the Receivable Files as custodian Financed Student Loans.

Appears in 5 contracts

Samples: Transworld Insurance Co, Sale and Servicing Agreement (Classnotes Inc), Classnotes Inc

Organization and Good Standing. The Servicer Borrower has been duly organized, and is duly organized and validly existing as a limited liability company corporation in good standing under the laws of the state State of its organization Nevada, with the all requisite power and authority to own or lease its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and the Borrower had at all relevant times, and has, the now has all necessary power, authority and legal right to service acquire, own and pledge the Receivables Collateral and to hold the Receivable Files as custodian perform its obligations under this Agreement.

Appears in 5 contracts

Samples: Representations and Warrant (Credit Acceptance Corp), Amended and Restated Loan and Security Agreement (Credit Acceptance Corp), Amended and Restated Loan and Security Agreement (Credit Acceptance Corporation)

Organization and Good Standing. The Servicer Seller is duly organized and validly existing as a limited liability company corporation in good standing under the laws of the state The Commonwealth of its organization Massachusetts, with the requisite corporate power and authority to own its properties as such properties are currently owned and to conduct its business as such properties are currently owned and such business is presently conducted now conducted by it, and had at all relevant times, has the requisite corporate power and has, authority to own the power, authority and legal right to service the Receivables and to hold the Receivable Files as custodian Transition Property.

Appears in 5 contracts

Samples: Note (Wmeco Funding LLC), Note (Northeast Utilities System), Note (B E C Energy)

Organization and Good Standing. The Servicer has been duly incorporated and is duly organized and validly existing as a limited liability company in good standing under the laws of the state of its organization national banking association, 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 presently conducted, and had at all relevant times, and has shall have, the power, authority and legal right to service the Receivables and to hold the Receivable Files as custodian Receivables.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (First Security Corp /Ut/), First Security Bank Na, First Security Bank Na

Organization and Good Standing. The Servicer is has been duly organized and is validly existing as a limited liability company national banking association or corporation and is in good standing under the laws of the state United States of America or the jurisdiction of its organization incorporation, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has, the power, authority authority, and legal right to service the Receivables and to hold the Receivable Files as custodian custodian on behalf of the Issuer.

Appears in 5 contracts

Samples: Sale and Servicing Agreement (Chase Auto Owner Trust 2005-A), Sale and Servicing Agreement (JPMorgan Chase Bank, National Association), Sale and Servicing Agreement (Chase Auto Owner Trust 2005-B)

Organization and Good Standing. The Servicer is a corporation duly organized and organized, validly existing as a limited liability company and in good standing under the laws of the state jurisdiction of its organization incorporation, with and has the corporate power and authority to own its properties and to conduct its the business as such properties are in which it is currently owned and such business is presently conducted engaged, and had at all relevant times, and has, the power, authority and legal right to service the Receivables and to hold the Receivable Files as custodian Receivables.

Appears in 5 contracts

Samples: Sale and Servicing Agreement (Caterpillar Financial Funding Corp), Sale and Servicing Agreement (Caterpillar Financial Funding Corp), Sale and Servicing Agreement (Caterpillar Financial Funding Corp)

Organization and Good Standing. The Servicer is duly organized ------------------------------- and validly existing as a limited liability company corporation in good standing under the laws of the state of its organization incorporation, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has, the requisite power, authority and legal right to service the Receivables Transition Property and to hold the Receivable Files Transition Property Records as custodian.

Appears in 5 contracts

Samples: Note (Pg&e Funding LLC), Note (Sdg&e Funding LLC a De Limited Liability Co), Note (Pg&e Funding LLC)

Organization and Good Standing. The Servicer is duly organized and validly existing as a limited liability company and is in good standing under the laws of the state State of its organization Texas, with the requisite corporate or other power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted conducted and to execute, deliver and carry out the terms of this Agreement and the Intercreditor Agreement, and had at all relevant times, and has, the requisite power, authority and legal right to service the Receivables Transition Property and to hold the Receivable Files Transition Property Records as custodian.

Appears in 5 contracts

Samples: Transition Property Servicing Agreement (AEP Transition Funding III LLC), Transition Property Servicing Agreement (AEP Texas Restoration Funding LLC), Transition Property Servicing Agreement (AEP Transition Funding III LLC)

Organization and Good Standing. The Servicer is shall have been duly organized and shall be validly existing as a limited liability company corporation in good standing under the laws of the state State of its organization California, with the corporate power and authority to own its properties and to conduct its business as such properties are shall be currently owned and such business is presently conducted, and had at all relevant times, and has shall now have, the corporate power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian custodian on behalf of the Trustee.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (Toyota Motor Credit Corp), Pooling and Servicing Agreement (Toyota Motor Credit Corp), Pooling and Servicing Agreement (Toyota Motor Credit Corp)

Organization and Good Standing. The Servicer is Such Party has been duly ------------------------------ organized and is validly existing as a limited liability company corporation in good standing under the laws of the state State of its organization 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 presently conducted, and had at all relevant times, and now has, the power, authority and legal right (A) in the case of the Seller, to acquire and own the Receivables and (B) in the case of the Servicer, to service the Receivables and to hold the Receivable Files as custodian. provided in this Agreement;

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Navistar Financial Retail Receivables Corporation), Pooling and Servicing Agreement (Navistar Financial Retail Receivables Corporation), Navistar Financial Retail Receivables Corporation

Organization and Good Standing. The Servicer Administrator is duly organized and validly existing as a limited liability company in good standing under the laws of the state of its organization, Virginia banking corporation with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted conducted except for such power and authority the absence of which would not have a material adverse effect on the Administrator or its ability to consummate the transactions contemplated by the Basic Documents, and had at all relevant times, and has, the power, authority and legal right right, to service administer the Receivables and to hold the Receivable Files as custodian Financed Student Loans.

Appears in 4 contracts

Samples: Crestar Securitization LLC, Transfer and Servicing Agreement (Crestar Bank /Va), Transfer and Servicing Agreement (Crestar Bank /Va)

Organization and Good Standing. The Backup Servicer is duly organized and validly existing as a limited liability company in good standing under the laws of the state of its organization formation, with the power and authority as a limited liability company to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has, the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian.

Appears in 4 contracts

Samples: Form of Sale and Servicing Agreement (Chrysler Financial Services Americas LLC), Sale and Servicing Agreement (Chrysler Financial Auto Securitization Trust 2009-B), Sale and Servicing Agreement (Chrysler Financial Auto Securitization Trust 2009-A)

Organization and Good Standing. The Servicer Borrower has been duly formed, and is duly organized and validly existing as a limited liability company in good standing under the laws of the state State of its organization Delaware, with the all requisite power and authority to own or lease its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and the Borrower had at all relevant times, and has, the now has all necessary power, authority and legal right to service acquire, own and pledge the Receivables Collateral and to hold the Receivable Files as custodian perform its obligations under this Agreement.

Appears in 4 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Amended and Restated Loan and Security Agreement (Credit Acceptance Corp)

Organization and Good Standing. The Servicer Grantee is duly organized and validly existing as a limited liability company in good standing under the laws of the state State of its organization 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 presently conducted, and had at all relevant times, and has, the requisite power, authority and legal right to service own the Receivables 1998 Transition Property and to hold the Receivable Files as custodian Related Assets.

Appears in 4 contracts

Samples: Note (Illinois Power Securitization Limited Liability Co), Note (Illinois Power Securitization Limited Liability Co), Note (Illinois Power Securitization Limited Liability Co)

Organization and Good Standing. The Servicer Seller is duly organized and validly existing as a limited liability company in good standing under the laws of the state State of its organization Michigan, with the power and authority as a limited liability company to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has, the power, authority and legal right to service acquire and own the Receivables and to hold the Receivable Files as custodian Receivables.

Appears in 4 contracts

Samples: Form of Sale and Servicing Agreement (Chrysler Financial Services Americas LLC), Sale and Servicing Agreement (Chrysler Financial Auto Securitization Trust 2009-B), Sale and Servicing Agreement (Chrysler Financial Auto Securitization Trust 2009-A)

Organization and Good Standing. The Servicer Seller is duly organized and validly existing as a limited liability company national banking association in good standing under the laws of the state United States of its organization America, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has, the power, authority and legal right to service acquire and own the Receivables and to hold the Receivable Files as custodian KBUSA Additional Student Loans.

Appears in 4 contracts

Samples: Student Loan Transfer Agreement (Keycorp Student Loan Trust 2004-A), Student Loan Transfer Agreement (Keycorp Student Loan Trust 2002-A), Student Loan Transfer Agreement (Keycorp Student Loan Trust 2003-A)

Organization and Good Standing. The Servicer is has been duly organized and is validly existing as a limited liability company in good standing under the laws of the state of its organization Delaware, with has the power power, authority and authority legal right to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, currently conducted and had at all relevant times, and has, has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian custodian on behalf of the Trust.

Appears in 4 contracts

Samples: Carmax Auto Funding LLC, CarMax Auto Owner Trust 2005-2, Carmax Auto Owner Trust 2005-3

Organization and Good Standing. The Servicer is a corporation duly organized and validly existing as a limited liability company in good standing under the laws of the state State of its organization incorporation, 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 presently conducted conducted and to execute, deliver and carry out the terms of this Servicing Agreement, and had at all relevant times, and has, has the power, authority and legal right to service the Receivables and to hold the Receivable Files as custodian Transferred Bondable Transition Property.

Appears in 4 contracts

Samples: Transition Property Servicing Agreement (JCP&L Transition Funding II LLC), Transition Property Servicing Agreement (JCP&L Transition Funding II LLC), Transition Property Servicing Agreement (Jcp&l Transition Funding LLC)

Organization and Good Standing. The Servicer is duly organized and validly existing as a limited liability company and in good standing under the laws of the state State of its organization Michigan, with the requisite corporate or other power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted conducted and to execute, deliver and carry out the terms of this Servicing Agreement and the Intercreditor Agreement, and had at all relevant times, and has, the requisite power, authority and legal right to service the Receivables Securitization Property and to hold the Receivable Files Securitization Property Records as custodian.

Appears in 4 contracts

Samples: Securitization Property Servicing Agreement (Consumers 2014 Securitization Funding LLC), Securitization Property Servicing Agreement (Consumers 2014 Securitization Funding LLC), Securitization Property Servicing Agreement (Consumers Energy Co)

Organization and Good Standing. The Servicer is duly organized and validly existing as a limited liability company banking corporation in good standing under the laws of the state of its organization incorporation, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has, the corporate power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian custodian on behalf of the Trustee.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp), Pooling and Servicing Agreement (Gs Mortgage Securities Corp), Goldman Sachs Asset Backed Securities Corp

Organization and Good Standing. The Servicer is duly organized and validly existing as a limited liability company corporation in good standing under the laws of the state of its organization incorporation, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has, the requisite power, authority and legal right to service the Receivables Intangible Transition Property and to hold the Receivable Files Intangible Transition Property Records as custodian.

Appears in 4 contracts

Samples: Transition Property Servicing Agreement (Comed Funding LLC), Transition Property Servicing Agreement (Illinois Power Securitization Limited Liability Co), Transition Property Servicing Agreement (Illinois Power Securitization Limited Liability Co)

Organization and Good Standing. The Servicer is duly organized and validly existing as a limited liability company in good standing under the laws of the state of its organization formation, with the power and authority as a limited liability company to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has, the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian.

Appears in 4 contracts

Samples: Form of Sale and Servicing Agreement (Chrysler Financial Services Americas LLC), Sale and Servicing Agreement (Chrysler Financial Auto Securitization Trust 2009-B), Sale and Servicing Agreement (Chrysler Financial Auto Securitization Trust 2009-A)

Organization and Good Standing. The Servicer is Each of such Obligor and each of its Subsidiaries has been duly organized and is validly existing as a limited liability company and in good standing under the laws of the state its jurisdiction of its organization, with the and has all requisite corporate or limited liability company power and authority to own its properties and to conduct its business as such properties are currently presently owned and such business is presently conducted, and had at all relevant times, and now has, the all necessary power, authority and legal right to service own the Receivables and to hold portion of the Receivable Files as custodian Collateral that it owns.

Appears in 3 contracts

Samples: Loan Agreement (Residential Capital, LLC), Credit Agreement (Residential Capital, LLC), Loan Agreement (Residential Capital, LLC)

Organization and Good Standing. The Each of the Transferor and the Master Servicer is duly organized and validly existing as a limited liability company in good standing under the laws of the state of its organization, Virginia banking corporation with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, except for such power and authority the absence of which would not have a material adverse effect on the Master Servicer or Transferor, as the case may be, or their respective ability to consummate the transactions contemplated by the Basic Documents, and the Transferor had at all relevant times, and has, the power, authority and legal right to originate, acquire and own the Financed Student Loans and the Master Servicer had at all relevant times, and has the power, authority and legal right to service the Receivables and to hold the Receivable Files as custodian Financed Student Loans.

Appears in 3 contracts

Samples: Transfer and Servicing Agreement (Crestar Bank /Va), Transfer and Servicing Agreement (Crestar Bank /Va), Transfer and Servicing Agreement (Crestar Bank /Va)

Organization and Good Standing. The Servicer Administrator is duly organized and validly existing as a limited liability company in good standing under the laws of the state State of its organization Virginia, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has, the power, authority and legal right to service administer the Receivables Issuer and to hold the Receivable Files as custodian Pledged Student Loans.

Appears in 3 contracts

Samples: Indenture (Collegiate Funding Services Inc), Amended and Restated Indenture (Collegiate Funding Services Inc), Collegiate Funding Services Inc

Organization and Good Standing. The Backup Servicer is has been duly organized and is validly existing as a limited liability company New York banking corporation in good standing under the laws of the state State of its organization New York, with the power power, authority and authority legal right to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and now has, the power, authority and legal right to service the Receivables and to hold the Receivable Files as custodian enter into and perform its obligations under this Agreement and each of its Related Documents.

Appears in 3 contracts

Samples: Asset Backed Securities Corp, Triad Financial Corp, Triad Financial Corp

Organization and Good Standing. The Master Servicer is duly organized and validly existing as a limited liability company corporation in good standing under the laws of the state State of its organization, Ohio 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 presently conducted, and had at all relevant times, and has, the power, authority and legal right to service the Receivables and to hold the Receivable Files perform its obligations as custodian required by this Agreement.

Appears in 3 contracts

Samples: Master Servicing Agreement (Student Loan Funding LLC), Master Servicing Agreement (Student Loan Funding LLC), Master Servicing Agreement (Student Loan Funding LLC)

Organization and Good Standing. The Master Servicer is duly organized and validly existing as a limited liability company corporation in good standing under the laws of the state State of its organization, [ ] 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 presently conducted, and had at all relevant times, and has, the power, authority and legal right to service the Receivables and to hold the Receivable Files as custodian Mortgage Loans.

Appears in 3 contracts

Samples: Master Servicing Agreement (Gs Mortgage Securities Corp), Gs Mortgage Securities Corp, Gs Mortgage Securities Corp

Organization and Good Standing. The Master Servicer is duly organized and validly existing as a limited liability company in good standing under the laws of the state State of its organization Virginia, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has, the power, authority and legal right to master service the Receivables and to hold the Receivable Files as custodian Pledged Student Loans.

Appears in 3 contracts

Samples: Indenture (Collegiate Funding Services Inc), Amended and Restated Indenture (Collegiate Funding Services Inc), Collegiate Funding Services Inc

Organization and Good Standing. The Servicer Seller is duly organized and validly existing as a limited liability company national banking association in good standing under the laws of the state United States of its organization America, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has, the power, authority and legal right to service acquire and own the Receivables and to hold the Receivable Files as custodian Additional Student Loans.

Appears in 3 contracts

Samples: Student Loan Transfer Agreement (KeyCorp Student Loan Trust 2005-A), Sale and Servicing Agreement (Keycorp Student Loan Trust 2000-B), Sale and Servicing Agreement (Keycorp Student Loan Trust 2000-A)

Organization and Good Standing. The Servicer is has been duly organized and is validly existing as a limited liability company federally chartered savings association in good standing under the laws of the state United States of its organization America, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has, the power, authority authority, and legal right to acquire, own, sell, and service the Receivables and to hold the Receivable Files as custodian custodian on behalf of the Trustee.

Appears in 3 contracts

Samples: Usaa Acceptance LLC, Usaa Acceptance LLC, Usaa Acceptance LLC

Organization and Good Standing. The Servicer is a corporation duly organized and validly existing as a limited liability company in good standing or equivalent status under the laws of the state of its organization incorporation, 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 presently conducted conducted and to execute, deliver and carry out the terms of this Agreement, and had at all relevant times, and has, has the power, authority and legal right to service the Receivables and to hold the Receivable Files as custodian Storm-Recovery Property.

Appears in 3 contracts

Samples: Servicing Agreement (Florida Power & Light Co), Servicing Agreement (FPL Recovery Funding LLC), Servicing Agreement (FPL Recovery Funding LLC)

Organization and Good Standing. The Servicer is a corporation duly organized and validly existing as a limited liability company in good standing under the laws of the state of its organization incorporation, 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 presently conducted conducted and to execute, deliver and carry out the terms of this Agreement, and had at all relevant times, and has, has the power, authority and legal right to service the Receivables and to hold the Receivable Files as custodian Transferred Securitization Property.

Appears in 3 contracts

Samples: Servicing Agreement (Consumers Energy Co Financing V), Consumers Funding LLC, Consumers Funding LLC

Organization and Good Standing. The Servicer is a corporation duly organized and organized, validly existing as a limited liability company and in good standing under the laws of the state of its organization incorporation, 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 presently conducted, and had at all relevant times, and has, has the power, authority and legal right to service the Receivables and to hold the Receivable Files as custodian Environmental Control Property.

Appears in 3 contracts

Samples: Environmental Control Property Servicing Agreement (PE Environmental Funding LLC), Environmental Control Property Servicing Agreement (MP Environmental Funding LLC), Environmental Control Property Servicing Agreement (MP Environmental Funding LLC)

Organization and Good Standing. The Servicer is a corporation duly organized and organized, validly existing as a limited liability company and in good standing under the laws of the state of its organization incorporation, 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 presently conducted, and had at all relevant times, and has, has the power, authority and legal right to service the Receivables and to hold the Receivable Files as custodian Transferred Environmental Control Property.

Appears in 3 contracts

Samples: Transferred Environmental Control Property Servicing Agreement (PE Environmental Funding LLC), Transferred Environmental Control Property Servicing Agreement (MP Environmental Funding LLC), Transferred Environmental Control Property Servicing Agreement (MP Environmental Funding LLC)

Organization and Good Standing. The Servicer is duly organized and validly existing as a limited liability company and is in good standing under the laws of the state State of its organization California, with the requisite corporate or other power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted conducted and to execute, deliver and carry out the terms of this Agreement, and had at all relevant times, and has, the requisite power, authority and legal right to service the Receivables Recovery Property and to hold the Receivable Files Recovery Property Records as custodian.

Appears in 3 contracts

Samples: Servicing Agreement (SCE Recovery Funding LLC), Servicing Agreement (SCE Recovery Funding LLC), Servicing Agreement (SCE Recovery Funding LLC)

Organization and Good Standing. The Servicer is duly organized and validly existing as a limited liability company and is in good standing under the laws of the state State of its organization Texas, with the requisite corporate or other power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted conducted and to execute, deliver and carry out the terms of this Agreement, and had at all relevant times, and has, the requisite power, authority and legal right to service the Receivables Transition Property and to hold the Receivable Files Transition Property Records as custodian.

Appears in 3 contracts

Samples: Transition Property Servicing Agreement (Aep Texas Central Co), Transition Property Servicing Agreement (Aep Texas Central Co), Transition Property Servicing Agreement (Entergy Texas Restoration Funding, LLC)

Organization and Good Standing. The Servicer is duly organized and validly existing as a limited liability company corporation in good standing under the laws of the state of its organization incorporation, 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 presently conducted, and had at all relevant times, and has, the corporate power, authority and legal right to acquire, own, sell and service the Standard Receivables and the Fixed Value Receivables and to hold the Receivable Files as custodian.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Premier Auto Trust 1996-4), Sale and Servicing Agreement (Premier Auto Trust 1998 5), Sale and Servicing Agreement (Premier Auto Trust 1997 1)

Organization and Good Standing. The Servicer is duly organized and validly existing as a limited liability company in good standing under the laws of the state of its organization formation, with the limited liability company power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has, the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian Receivables.

Appears in 3 contracts

Samples: Form of Sale and Servicing Agreement (Ml Asset Backed Corp), Form of Sale and Servicing Agreement (Painewebber Asset Acceptance Corp), Form of Sale and Servicing Agreement (Securitized Asset Backed Receivables LLC)

Organization and Good Standing. The Servicer is duly organized and organized, validly existing as a limited liability company and is in good standing under the laws of the state of its organization, with the requisite power and authority to own its properties and properties, to conduct its business as such properties are currently owned and such business is presently conducted conducted by it, and had at all relevant times, and has, the power, authority and legal right to service the Receivables Series Property and hold the records related to the Series Property, and to hold execute, deliver and carry out the Receivable Files as custodian terms of this Servicing Agreement and the Intercreditor Agreement.

Appears in 3 contracts

Samples: Servicing Agreement (Duke Energy Florida, Llc.), Servicing Agreement (Duke Energy Florida, Llc.), Servicing Agreement (Duke Energy Florida, Llc.)

Organization and Good Standing. The Servicer is shall ------------------------------ have been duly organized and shall be validly existing as a limited liability company federal savings bank in good standing under the laws of the state United States of its organization America, with the corporate power and authority to own its properties and to conduct its business as such properties are shall be currently owned and such business is presently conducted, and had at all relevant times, and has shall have, the power, corporate power and authority and legal right to acquire, own, sell, and service the Receivables and to hold the Receivable Files as custodian custodian on behalf of the Indenture Trustee.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Chevy Chase Bank FSB), Chevy Chase Bank FSB, Chevy Chase Bank FSB

Organization and Good Standing. The Servicer Transferor is duly organized and validly existing as a limited liability company corporation in good standing under the laws of the state State of its organization, 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 presently conducted, and had at all relevant times, and has, the power, authority and legal right to service acquire and own the Receivables and to hold the Receivable Files as custodian Receivables.

Appears in 3 contracts

Samples: Transfer and Servicing Agreement (Metlife Capital Equipment Loan Trusts), Transfer and Servicing Agreement (Metlife Capital Equipment Loan Trusts), Metlife Capital Equipment Loan Trusts

Organization and Good Standing. The Servicer Seller is duly organized and is validly existing as a limited liability company corporation, or other business entity recognized under state law, and is in good standing under the laws of the state of its organization, with the full power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and business. Seller has had at all relevant times, and has, times the power, authority and legal right to service acquire and own the Receivables contracts, and is duly qualified to hold the Receivable Files as custodian do business in each state in which contracts are originated.

Appears in 2 contracts

Samples: Conditional Sales Contract (TFC Enterprises Inc), Conditional Sales Contract (TFC Enterprises Inc)

Organization and Good Standing. The Servicer is has been duly organized and is validly existing as a limited liability company national banking association in good standing under the laws of the state United States of its organization America, with the full power and authority to own its properties and to conduct its business as such properties are currently presently owned and such business is presently conducted, and has had at all relevant times, and has shall have, the power, authority and legal right to service the Receivables and to hold the Receivable Files as custodian other properties and rights included in the Owner Trust Estate.

Appears in 2 contracts

Samples: Wells Fargo Auto Receivables Corp, Ace Securities Corp Rv & Marine Trust 2001-Rv1

Organization and Good Standing. The Servicer is Administrative Agent has been duly organized and validly existing as a limited liability company corporation in good standing under the laws of the state State of its organization Florida, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has, has the power, authority and legal right to acquire, own, sell and service the Receivables Leases and the Vehicles and to hold the Receivable Files Lease Documents and the Rental Documents as custodian agent, custodian and bailee on behalf of the Trust, except where failure to do so will not have a material adverse effect on the Administrative Agent's ability to perform its obligations under this Agreement.

Appears in 2 contracts

Samples: Representations and Warrant (Ryder Funding Ii Lp), Ryder Truck Rental I Lp

Organization and Good Standing. The Servicer is Depositor has been duly organized and is validly existing as a limited liability company in good standing under the laws of the state State of its organization 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 presently conducted, and had at all relevant times, and now has, the power, authority and legal right to service acquire and own the Eligible Receivables in the Scheduled Accounts and to hold the Receivable Files as custodian Collateral Security related thereto.

Appears in 2 contracts

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

Organization and Good Standing. The Servicer Depositor is duly organized and validly existing as a limited liability company in good standing under the laws of the state State of its organization 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 presently conducted, and had at all relevant times, and has, the power, authority and legal right to service acquire and own the Receivables and to hold the Receivable Files as custodian Additional Student Loans.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Keycorp Student Loan Trust 2003-A), Sale and Servicing Agreement (Keycorp Student Loan Trust 2002-A)

Organization and Good Standing. The Servicer Originator is duly organized and validly existing as a limited liability company federally-chartered savings association in good standing under the federal laws of the state United States of its organization America, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, conducted and had at all relevant times, and has, the power, authority and legal right to originate, acquire, own, sell and service the Receivables and to hold perform its other obligations under this Purchase Agreement, each Transfer Agreement and the Receivable Files as custodian other Basic Documents to which it is a party.

Appears in 2 contracts

Samples: Purchase Agreement (United Fidelity Finance LLC), Purchase Agreement (United Fidelity Auto Receivables Trust 2002-A)

Organization and Good Standing. The Servicer is Performance Guarantor has been duly organized and is validly existing as a limited liability company corporation under the laws of the State of Delaware and in good standing under the laws of the state State of its organization Delaware, with the power power, authority and authority legal right to own its properties and to conduct its business as such properties are currently owned and such business is presently currently conducted , and . The Performance Guarantor had at all relevant times, times and now has, the power, authority and legal right to service enter into and perform its obligations under this Agreement and under the Receivables and other Basic Documents to hold the Receivable Files as custodian which it is a party (in any capacity).

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Consumer Portfolio Services Inc), MFN Financial Corp

Organization and Good Standing. The Servicer Purchaser has been duly formed and is duly organized and validly existing as a limited liability company solely under the laws of the state of Delaware and is in good standing under the laws of the state State of its organization 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 presently currently conducted, and had at all relevant times, and now has, the power, authority and legal right to service acquire, own and pledge the Receivables and the Other Conveyed Property pledged to hold the Receivable Files as custodian Trustee and to enter into and perform its other obligations under this Agreement and each other Basic Document to which it is a party.

Appears in 2 contracts

Samples: Consumer Portfolio Services Inc, Consumer Portfolio Services Inc

Organization and Good Standing. The Servicer is Purchaser has been duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the state State of its organization [ ], 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 presently conducted, and had at all relevant times, and now has, the power, authority and legal right to service acquire and own the Eligible Receivables arising in the Accounts in the Pool of Accounts and to hold the Receivable Files as custodian. Collateral Security related thereto;

Appears in 2 contracts

Samples: Goldman Sachs Asset Backed Securities Corp, Gs Mortgage Securities Corp

Organization and Good Standing. The Servicer is Purchaser has been duly organized and is validly existing as a limited liability company in good standing under the laws of the state State of its organization 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 presently conducted, and had at all relevant times, and now has, the power, authority and legal right to service acquire and own the Eligible Receivables arising in the Scheduled Accounts and to hold the Receivable Files as custodian. Collateral Security related thereto;

Appears in 2 contracts

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

Organization and Good Standing. The Servicer Seller is duly organized and validly existing as a limited liability company duly organized and in good standing under the laws of the state State of its organization 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 presently conducted, or conducted and had at all relevant times, and has, the requisite power, authority and legal right to service own the Receivables and to hold the Receivable Files as custodian Intangible Transition Property.

Appears in 2 contracts

Samples: Property Sale Agreement (Pp&l Transition Bond Co Inc), Property Sale Agreement (Pp&l Transition Bond Co Inc)

Organization and Good Standing. The Servicer Seller is duly organized and ------------------------------ validly existing as a limited liability company in good standing under the laws of the state State of its organization, California with the limited liability company power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has, the power, authority and legal right to service acquire and own the Receivables and to hold the Receivable Files as custodian Receivables.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Prudential Securities Secured Financing Corp), Prudential Securities Secured Financing Corp

Organization and Good Standing. The Servicer is has been duly organized and is validly existing as a limited liability company [ ] and is in good standing under the laws of the United States of America or its state of its organization incorporation, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has, the power, authority and legal right to acquire, own, sell, and service the Receivables and to hold the Receivable Files as custodian custodian on behalf of the Indenture Trustee.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Funding Inc), Form of Sale and Servicing Agreement (Bear Stearns Asset Backed Funding Inc)

Organization and Good Standing. The Servicer is has been duly organized and is validly existing as a limited liability company corporation and in good standing under the laws of the state State of Texas (or, in the case of a successor Servicer, it is a validly existing entity in good standing in its jurisdiction of organization ), with the power power, authority and authority legal right to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has shall have, the power, authority and legal right to acquire, own and service the Receivables and to hold the Receivable Files as custodian Other Conveyed Property.

Appears in 2 contracts

Samples: Silverleaf Resorts Inc, Sale and Servicing Agreement (Silverleaf Resorts Inc)

Organization and Good Standing. The Servicer is has been duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the state of its organization incorporation, with the power and authority to own its properties and to conduct its business as such properties are shall be currently owned and such business is presently conducted, and had at all relevant times, and has shall have, the power, authority authority, and legal right to acquire, own, sell, and service the Receivables and to hold the Receivable Files as custodian custodian on behalf of the Indenture Trustee.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Daimler Benz Vehicle Receivables Corp), Representations and Warrant (Daimler Benz Vehicle Receivables Corp)

Organization and Good Standing. The Servicer is has been duly organized and is validly existing as a limited liability company national banking association or corporation and is in good standing under the laws of the state United States of America or the jurisdiction of its organization incorporation, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has, the power, authority authority, and legal right to acquire, own, sell, and service the Receivables and to hold the Receivable Files as custodian custodian on behalf of the Trustee.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Chase Manhattan Bank Usa), Pooling and Servicing Agreement (Chase Manhattan Bank Usa)

Organization and Good Standing. The Servicer is a corporation duly organized and validly existing as a limited liability company in good standing under the laws of the state State of its organization incorporation, 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 presently conducted conducted and to execute, deliver and carry out the terms of this Agreement, and had at all relevant times, and has, has the power, authority and legal right to service the Receivables and to hold the Receivable Files as custodian Transferred Bondable Transition Property.

Appears in 2 contracts

Samples: Pse&g Transition Funding LLC, Pse&g Transition Funding LLC