Common use of Organization and Good Standing Clause in Contracts

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, and has the corporate power and authority to own its properties and to conduct the business in which it is currently 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 67 contracts

Samples: Sale and Servicing Agreement (John Deere Owner Trust 2016-B), Sale and Servicing Agreement (John Deere Receivables, Inc.), Sale and Servicing Agreement (John Deere Owner Trust 2023-C)

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Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, and has the incorporation with all requisite corporate power and authority to own its properties and to conduct the its business in which it is currently engaged, and had at all relevant times, and has, the power, authority and legal right to acquire, own, sell and service the Receivables as presently conducted and to hold the Receivable Files as custodianenter into and perform its obligations pursuant to this Agreement.

Appears in 38 contracts

Samples: Loan and Servicing Agreement (Prospect Capital Corp), Loan and Servicing Agreement (Prospect Capital Corp), Loan and Servicing Agreement (Prospect Capital Corp)

Organization and Good Standing. The Servicer is a corporation duly organized, organized and validly existing and as a limited liability company in good standing under the laws of the jurisdiction state of its incorporationformation, and has with the corporate power and authority as a limited liability company to own its properties and to conduct the its business in which it as such properties are currently owned and such business is currently engagedpresently 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 34 contracts

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

Organization and Good Standing. The Servicer is duly organized and validly existing as a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction state of its incorporation, and has with the corporate power and authority to own its properties and to conduct the its business in which it as such properties are currently owned and such business is currently engagedpresently 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 24 contracts

Samples: Sale and Servicing Agreement (CNH Capital Receivables Inc), Sale and Servicing Agreement (CNH Capital Receivables Inc), Sale and Servicing (Money Store Auto Trust 1996-2)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction state of its incorporation, and has the with corporate power and authority to own its properties and to conduct the its business in which it as such properties are currently owned and such business is currently engagedpresently 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 custodiancustodian on behalf of the Issuer and the Indenture Trustee.

Appears in 23 contracts

Samples: Sale and Servicing Agreement (Nissan Auto Receivables 2017-a Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables 2016-C Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables 2017-B Owner Trust)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, and has the corporate power and authority to own its properties and to conduct the business in which it is currently 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 custodianReceivables.

Appears in 12 contracts

Samples: Sale and Servicing Agreement (Caterpillar Financial Asset Trust 2005-A), Form of Sale and Servicing Agreement (Caterpillar Financial Funding Corp), Sale and Servicing Agreement (Caterpillar Financial Asset Trust 2004-A)

Organization and Good Standing. The Servicer is a corporation duly organized, or other legal entity validly existing and in good standing under the laws applicable law of the jurisdiction of its incorporationorganization or incorporation and has, and has the corporate in all material respects, full power and authority to own its properties and to conduct the its servicing business in which it is currently engagedas presently owned or conducted, and had at all relevant timesto execute, deliver and has, the power, authority perform its obligations under this Agreement and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodianeach Supplement.

Appears in 10 contracts

Samples: Pooling and Servicing Agreement, Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Credit Account Master Trust)

Organization and Good Standing. The Servicer is a corporation duly organized, an entity validly existing and in good standing under the laws applicable law of the jurisdiction of its incorporationorganization or incorporation and has, and has the corporate in all material respects, full power and authority to own its properties and to conduct the its servicing business in which it is currently engagedas presently owned or conducted, and had at all relevant timesto execute, deliver and has, the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodianperform its obligations under this Agreement.

Appears in 7 contracts

Samples: Servicing Agreement (American Express Receivables Financing Corp VIII LLC), Servicing Agreement, Servicing Agreement (American Express Receivables Financing Corp VIII LLC)

Organization and Good Standing. The Servicer is duly organized and validly existing as a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction state of its incorporation, and has incorporation with the corporate power and authority to own its properties and to conduct the its business in which it as such properties are currently owned and such business is currently engagedpresently 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 custodiancustodian 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), Sale and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing organized and in good standing under the laws of the jurisdiction state of its incorporation, and has with the corporate power and authority to own its properties and to conduct the its business in which it as such properties are currently owned and such business is currently engagedpresently 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 custodianServiced Intangible Transition Property.

Appears in 7 contracts

Samples: Servicing Agreement (West Penn Funding LLC), Master Servicing Agreement (Peco Energy Transition Trust), Servicing Agreement (West Penn Power Co)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporationorganization or incorporation and has, and has the corporate in all material respects, full power and authority to own its properties and to conduct the its credit servicing business in which it is currently engagedas presently owned or conducted, and had at all relevant timesto execute, deliver and has, the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodianperform its obligations under this Agreement.

Appears in 7 contracts

Samples: Transfer and Servicing Agreement (HSBC Credit Card Master Note Trust (Usa) I), Transfer and Servicing Agreement (HSBC Private Label Credit Card Master Note Trust (Usa) I), Transfer and Servicing Agreement (Hrsi Funding Inc Ii)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, and has the corporate power and authority to own its properties and to conduct the business in which it is currently 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 custodianReceivables.

Appears in 7 contracts

Samples: Sale and Servicing Agreement (Caterpillar Financial Funding Corp), Form of Sale and Servicing Agreement (Caterpillar Financial Funding Corp), Sale and Servicing Agreement (Caterpillar Financial Asset Trust 2007-A)

Organization and Good Standing. The Servicer is a corporation duly organized, organized and validly existing and in good standing under the laws of the jurisdiction State of its incorporation, incorporation and has the corporate full power and authority to own its properties and to conduct the its business in which it as such properties are presently owned and such business is currently 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 custodianpresently conducted.

Appears in 7 contracts

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

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, organization and has the corporate power and authority to own its properties assets and to conduct transact the business in which it is currently engaged. The Servicer is duly qualified to do business as a foreign corporation and is in good standing in each jurisdiction in which the character of the business transacted by it or properties owned or leased by it requires such qualification and in which the failure so to qualify would have a material adverse effect on the business, and had at all relevant timesproperties, and hasassets, or condition (financial or other) of the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodianServicer.

Appears in 6 contracts

Samples: Trust Agreement (Conseco Finance Securitizations Corp), Grantor Trust Agreement (Green Tree Financial Corp), Pooling and Servicing Agreement (Conseco Finance Securitizations Corp)

Organization and Good Standing. The Servicer is a corporation duly organized, organized and validly existing and in good standing under the laws of the its jurisdiction of its incorporation, incorporation and has the all necessary corporate power and authority to own its properties and to conduct its business as the properties presently are owned and as the business in which it presently is currently 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 custodianconducted.

Appears in 6 contracts

Samples: Pooling and Servicing Agreement (Big Flower Press Holdings Inc), Pooling and Servicing Agreement (International Comfort Products Corp), Pooling and Servicing Agreement (International Comfort Products Corp)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing organized and in good standing under the laws of the jurisdiction state of its incorporation, and has 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 to execute, deliver and carry out the business in which it is currently engagedterms of this Agreement, 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 custodianTransferred Securitization Property.

Appears in 5 contracts

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

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws applicable law of the jurisdiction of its incorporationincorporation and has, and has the corporate in all material respects, full power and authority to own its properties and to conduct the its credit card servicing business in which it is currently engagedas presently owned or conducted, and had at all relevant timesto execute, deliver and hasperform its obligations under this Agreement, the power, authority Indenture and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodianeach Indenture Supplement.

Appears in 4 contracts

Samples: Transfer and Servicing Agreement (Compucredit Corp), Transfer and Servicing Agreement (Compucredit Corp), Transfer and Servicing Agreement (Compucredit Corp)

Organization and Good Standing. The Servicer is a corporation duly organized, organized and validly existing and as a banking corporation in good standing under the laws of the jurisdiction state of its incorporation, and has the corporate with power and authority to own its properties and to conduct the its business in which it as such properties are currently owned and such business is currently engagedpresently 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 custodiancustodian on behalf of the Trustee.

Appears in 4 contracts

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

Organization and Good Standing. The Servicer is duly organized and validly existing as a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction State of its incorporation, and has the with corporate power and authority to own its properties and to conduct the its business in which it as such properties are currently owned and such business is currently engagedpresently conducted, and had at all relevant times, and now has, the corporate power, authority and legal right to acquire, own, sell hold, transfer, convey and service the Receivables and to hold the Receivable Files as custodiancustodian on behalf of the Issuer and Trustee.

Appears in 4 contracts

Samples: Indenture and Servicing Agreement (MCM Capital Group Inc), Indenture and Servicing Agreement (MCM Capital Group Inc), Indenture and Servicing Agreement (MCM Capital Group Inc)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing organized and in good standing under the laws of the jurisdiction State of its incorporation, and has 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 to execute, deliver and carry out the business in which it is currently engagedterms of this Servicing Agreement, 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 custodianTransferred Bondable Transition Property.

Appears in 4 contracts

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

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction state of its incorporation, and has with the corporate power and authority to own its properties and to conduct the its business in which it as such properties are currently owned and such business is currently engagedpresently 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 custodianTransferred Environmental Control Property.

Appears in 3 contracts

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

Organization and Good Standing. The Servicer is a corporation duly organized, or other legal entity validly existing and in good standing under the laws applicable law of the jurisdiction of its incorporationorganization or incorporation and has, and has the corporate in all material respects, full power and authority to own its properties and to conduct the its credit card servicing business in which it is currently engagedas presently owned or conducted, and had at all relevant timesto execute, deliver and has, the power, authority perform its obligations under this Agreement and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodianeach Supplement.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (At&t Universal Funding Corp), Pooling and Servicing Agreement (Partners First Receivables Funding Corp), Pooling and Servicing Agreement (Credit Card Receivables Funding Corp)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction state of its incorporation, and has with the corporate power and authority to own its properties and to conduct the its business in which it as such properties are currently owned and such business is currently engagedpresently 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 custodianEnvironmental Control Property.

Appears in 3 contracts

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

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing organized and in good standing under the laws of the jurisdiction State of its incorporationNew York, and has with the requisite corporate power and authority to own its properties as such properties are currently owned and to conduct the its business in which it as such business is currently engagednow conducted by it, and had at all relevant times, has the requisite corporate power and has, the power, authority and legal right to acquire, own, sell and service the Receivables Restructuring Property and to hold the Receivable Files Restructuring Property and Restructuring Property Documentation as custodian.

Appears in 3 contracts

Samples: Restructuring Property Servicing Agreement, Restructuring Property Servicing Agreement, Restructuring Property Servicing Agreement

Organization and Good Standing. The Servicer is a corporation duly organized, incorporated and validly existing and in good standing under the laws applicable law of the jurisdiction of its incorporationorganization or incorporation and has, and has the corporate in all material respects, full power and authority to own its properties and to conduct the its servicing business in which it is currently engagedas presently owned or conducted, and had at all relevant timesto execute, deliver and has, the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodianperform its obligations under this Agreement.

Appears in 3 contracts

Samples: Transfer and Servicing Agreement (American Express Issuance Trust), Transfer and Servicing Agreement (American Express Issuance Trust), Transfer and Servicing Agreement (American Express Issuance Trust)

Organization and Good Standing. The Servicer is a corporation duly organized, organized and validly existing and limited liability company in good standing under the laws of the jurisdiction of its incorporationformation, and has with the corporate power and authority under its organizational documents and under the laws of its jurisdiction of formation to own its properties and to conduct the its business in which it as such properties are currently owned and such business is currently 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 custodianpresently conducted.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Ashland Inc.), Receivables Purchase Agreement (Ashland Inc.), Receivables Purchase Agreement (Ashland Global Holdings Inc)

Organization and Good Standing. The Servicer is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the jurisdiction of its incorporation, and has the corporate power and authority to own its properties and to conduct the business in which it is currently engaged, and had at all relevant times, and has, the full power, authority and legal right to acquireown its properties and conduct its business as such properties are presently owned and such business is presently conducted, own, sell and service the Receivables and to hold the Receivable Files as custodianexecute, deliver and perform its obligations under this Agreement and any Supplement.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Proffitts Credit Card Master Trust), Pooling and Servicing Agreement (Proffitts Credit Card Master Trust), Pooling and Servicing Agreement (Proffitts Credit Corp)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction State of its incorporationNew York, and has the full corporate power and authority to own its properties and to conduct the business in which it is currently engaged, and had at all relevant times, and has, the power, authority and legal right to acquireown its properties and conduct its business as such properties are presently owned and such business is presently conducted, own, sell and service the Receivables and to hold the Receivable Files as custodianexecute, deliver and perform its obligations under this Agreement and any Supplement.

Appears in 3 contracts

Samples: Master Pooling and Servicing Agreement (American Express Centurion Bank), Pooling and Servicing Agreement (American Express Centurion Bank), Pooling and Servicing Agreement (American Express Credit Account Master Trust)

Organization and Good Standing. The Servicer is a limited liability company, corporation duly organized, or other legal entity validly existing and in good standing under the laws applicable law of the jurisdiction of its incorporationorganization or incorporation and has, and has the corporate in all material respects, full power and authority to own its properties and to conduct the its credit card servicing business in which it is currently engagedas presently owned or conducted, and had at all relevant timesto execute, deliver and has, the power, authority perform its obligations under this Agreement and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian.each Supplement. (b)

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Partners First Receivables Funding Corp), Pooling and Servicing Agreement (Partners First Receivables Funding Corp), Pooling and Servicing Agreement (Partners First Credit Card Master Trust)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing organized and in good standing or equivalent status under the laws of the jurisdiction state of its incorporation, and has 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 to execute, deliver and carry out the business in which it is currently engagedterms of this Agreement, 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 custodianStorm-Recovery Property.

Appears in 3 contracts

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

Organization and Good Standing. The Servicer is a corporation duly organized, an entity validly existing and in good standing under the laws applicable law of the jurisdiction of its incorporationincorporation and has, and has the corporate in all material respects, full power and authority to own its properties and to conduct the its servicing business in which it is currently engagedas presently owned or conducted, and had at all relevant timesto execute, deliver and has, the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodianperform its obligations under this Agreement.

Appears in 2 contracts

Samples: Servicing Agreement (Dryrock Issuance Trust), Servicing Agreement (Dryrock Issuance Trust)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction state of its incorporation, and has the with corporate power and authority to own its properties and to conduct the its business in which it as such properties are currently owned and such business is currently engagedpresently 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. 47 (NAROT 2019-A Sale and Servicing Agreement)

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Nissan Auto Receivables 2019-a Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables 2019-a Owner Trust)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing organized and in good standing under the laws of the jurisdiction State of its incorporation, and has 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 to execute, deliver and carry out the business in which it is currently engagedterms of this Agreement, 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 custodianTransferred Bondable Transition Property.

Appears in 2 contracts

Samples: Servicing Agreement (Pse&g Transition Funding LLC), Servicing Agreement (Pse&g Transition Funding LLC)

Organization and Good Standing. The Servicer is a corporation duly ------------------------------ organized, validly existing and in good standing under the laws of the jurisdiction its state of its incorporation, incorporation and has the corporate power and authority to own its properties and to conduct the business in which it is currently engaged, and had at all relevant times, and has, the power, authority and legal right to acquireown its properties and conduct its business as such properties are presently owned and such business is presently conducted, own, sell and service the Receivables and to hold the Receivable Files as custodianexecute, deliver and perform its obligations under this Agreement.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Greentree Floorplan Funding Corp), Pooling and Servicing Agreement (Greentree Floorplan Funding Corp)

Organization and Good Standing. The Servicer is a corporation limited partnership duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, and has the corporate organization with all requisite power and authority to own its properties and to conduct the its business in which it is currently engaged, and had at all relevant times, and has, the power, authority and legal right to acquire, own, sell and service the Receivables as presently conducted and to hold the Receivable Files as custodianenter into and perform its obligations pursuant to this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (GSC Investment Corp.), Credit Agreement (GSC Investment Corp.)

Organization and Good Standing. The Servicer is a corporation an entity duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, organization and has the corporate full power and authority to own its properties and to conduct the its credit account servicing business in which it is currently engagedas presently owned or conducted, and had at all relevant timesto execute, deliver and has, the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodianperform its obligations under this Agreement.

Appears in 2 contracts

Samples: Servicing Agreement (Bluestem Brands, Inc.), Servicing Agreement (Bluestem Brands, Inc.)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, and has the corporate power and authority to own its properties and to conduct the business in which it is currently engaged, and had at all relevant times, and has, the power, authority and legal right to acquire, own, sell transfer and service the Receivables and to hold the Receivable Files as custodianReceivables.

Appears in 2 contracts

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

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing organized and in good standing under the laws of the jurisdiction State of its incorporation, and has 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 to execute, deliver and carry out the business in which it is currently engagedterms of this Agreement, 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 custodianTransferred BGS Bondable Transition Property.

Appears in 2 contracts

Samples: Transition Property Servicing Agreement (PSE&G Transition Funding II LLC), Transition Property Servicing Agreement (PSE&G Transition Funding II LLC)

Organization and Good Standing. The Servicer is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the jurisdiction of its incorporation, incorporation and has the full corporate power and authority to own its properties and to conduct the business in which it is currently engaged, and had at all relevant times, and has, the power, authority and legal right to acquireown its properties and conduct its business as such properties are presently owned and as such business is presently conducted, own, sell and service the Receivables and to hold the Receivable Files as custodianexecute, deliver and perform its obligations under this Agreement.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (A I Receivables Transfer Corp), Indenture (A I Receivables Transfer Corp)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing organized and in good standing under the laws of the jurisdiction state of its incorporation, and has with the corporate power and authority to own its properties and to conduct the its business in which it is as such properties are currently engagedowned and 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 and to hold the Receivable Files as custodianTransferred Bondable Transition Property.

Appears in 2 contracts

Samples: Transition Property Servicing Agreement (Atlantic City Electric Transition Funding LLC), Atlantic City Electric Transition Funding LLC

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the its jurisdiction of its incorporation, incorporation and has the corporate power and authority to own its properties assets and to conduct transact the business in which it is currently engaged. The Servicer is duly qualified to do business as a foreign corporation and is in good standing in each jurisdiction in which the character of the business transacted by it or properties owned or leased by it requires such qualification and in which the failure so to qualify would have a material adverse effect on the business, and had at all relevant timesproperties, and hasassets, the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian.or condition (financial or

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (NCT Funding Co LLC), Pooling and Servicing Agreement (CIT Equipment Collateral 2004-Ef1)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, organization and has the corporate power and authority to own its properties assets and to conduct transact the business in which it is currently engaged. The Servicer is duly qualified to do business as a foreign corporation and is in good standing in each jurisdiction in which the character of the business transacted by it or properties owned or leased by it requires such qualification and in which the failure so to qualify would have a material adverse effect on the business, and had at all relevant timesproperties, and hasassets, or condition (financial or otherwise) of the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian.Servicer or the

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Eaglemark Inc), Agreement (Eaglemark Inc)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction its state of its incorporation, incorporation and has the full corporate power and authority to own its properties and to conduct the business in which it is currently engaged, and had at all relevant times, and has, the power, authority and legal right to acquireown its properties and conduct its business as such properties are presently owned and such business is presently conducted, own, sell and service the Receivables and to hold the Receivable Files as custodianexecute, deliver and perform its obligations under this Agreement and any Supplement.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Apparel Retailers Inc), Pooling and Servicing Agreement (Stage Stores Inc)

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

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp), Pooling and Servicing Agreement (Green Tree Financial Corp)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing organized and in good standing under the laws of the jurisdiction state of its incorporation, and has 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 to execute, deliver and carry out the business in which it is currently engagedterms of this Agreement, 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 custodianSecuritization Property.

Appears in 2 contracts

Samples: Securitization Property Servicing Agreement (Detroit Edison Securitization Funding LLC), Securitization Property Servicing Agreement (Detroit Edison Securitization Funding LLC)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, state if Utah and has the corporate power and authority to own its properties and to conduct the business in which it is currently engaged, and had at all relevant times, and has, the power, authority and legal right to acquire, own, sell transfer and service the Receivables and to hold the Receivable Files as custodianContracts.

Appears in 2 contracts

Samples: Transfer and Servicing Agreement (Advanta Bank Corp), Transfer and Servicing Agreement (Advanta Bank Corp)

Organization and Good Standing. The Servicer is a ------------------------------ corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporationorganization or incorporation and has, and has the corporate in all material respects, full power and authority to own its properties and to conduct the its credit servicing business in which it is currently engagedas presently owned or conducted, and had at all relevant timesto execute, deliver and has, the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodianperform its obligations under this Agreement.

Appears in 2 contracts

Samples: Transfer and Servicing Agreement (Household Credit Card Master Note Trust I), Transfer and Servicing Agreement (Household Credit Card Master Note Trust I)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, organization and has the corporate power and authority to own its properties assets and to conduct transact the business in which it is currently engaged. The Servicer is duly qualified to do business as a foreign corporation and is in good standing in each jurisdiction in which the character of the business transacted by it or any properties owned or leased by it requires such authorization and in which the failure to be so authorized would have a material adverse effect on the business, properties, assets, or condition (financial or other) of the Servicer. The Servicer has, and had at all relevant times, and hastimes had, the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodianReceivables.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (SSB Vehicle Securities Inc SSB Auto Loan Trust 2002-1), Sale and Servicing Agreement (SSB Vehicle Securities Inc SSB Auto Loan Trust 2002-1)

Organization and Good Standing. The Servicer is a corporation duly ------------------------------ organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, organization and has the corporate power and authority to own its properties assets and to conduct transact the business in which it is currently engaged. The Servicer is duly qualified to do business as a foreign corporation and is in good standing in each jurisdiction in which the character of the business transacted by it or properties owned or leased by it requires such qualification and in which the failure so to qualify would have a material adverse effect on the business, and had at all relevant timesproperties, and hasassets, or condition (financial or other) of the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodianServicer.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Conseco Finance Corp), Pooling and Servicing Agreement (Conseco Finance Securitizations Corp)

Organization and Good Standing. The Servicer is a ------------------------------------ corporation duly organized, organized and validly existing and in good standing under the laws of the jurisdiction State of its incorporation, incorporation and has the corporate full power and authority to own its properties and to conduct the its business in which it as such properties are presently owned and such business is currently 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 custodianpresently conducted.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Levi Strauss & Co)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction State of its incorporation, New York and has full power, authority and the corporate power and authority legal right to own its properties and to conduct the its business in which it is currently engagedas now conducted, and had at all relevant timesto execute, deliver and has, the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian.perform its obligations under this Agreement. (b)

Appears in 1 contract

Samples: Nonexclusive Servicing and Indemnification Agreement (Dollar Financial Group Inc)

Organization and Good Standing. The Servicer is a corporation duly organized, organized and validly existing and in good standing under the laws of the its jurisdiction of its incorporation, incorporation and has the corporate full power and authority to own its properties and to conduct the its business in which it as such properties are presently owned and as such business is currently 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 custodianpresently conducted.

Appears in 1 contract

Samples: Master Trust Indenture and Security Agreement (Stone Container Corp)

Organization and Good Standing. The Servicer is a corporation duly organized, organized and validly existing and as a limited liability company in good standing under the laws of the jurisdiction state of its incorporation, and has with the corporate power and authority to own its properties and to conduct the its business in which it as such properties are currently owned and such business is currently engagedpresently 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 1 contract

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

Organization and Good Standing. The Servicer is a limited partnership or a corporation duly organized, or other legal entity validly existing and in good standing under the laws applicable law of the jurisdiction of its incorporationorganization or incorporation and has, and has the corporate in all material respects, full power and authority to own its properties and to conduct the its credit card servicing business in which it is currently engagedas presently owned or conducted, and had at all relevant timesto execute, deliver and has, the power, authority perform its obligations under this Agreement and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodianeach Supplement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Compucredit Corp)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction its state of its incorporation, incorporation or formation and has the corporate power and authority to own its properties and to conduct the business in which it is currently engaged, and had at all relevant times, and has, the power, authority and legal right to acquireown its properties and conduct its business as such properties are presently owned and such business is presently conducted, own, sell and service the Receivables and to hold the Receivable Files as custodianexecute, deliver and perform its obligations under this Agreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bally Total Fitness Holding Corp)

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Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction its state of its incorporation, and has the corporate power and authority to own its properties and to conduct the business in which it is currently engaged, and had at all relevant times, and has, the full power, authority and legal right to acquireexecute, owndeliver and perform its obligations under this Agreement and, sell in all material respects, to own its property and service the Receivables conduct its business as such properties are presently owned and to hold the Receivable Files as custodiansuch business is presently conducted.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Smurfit-Stone Container Enterprises Inc)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing existing, and in good standing under the laws of the jurisdiction its state of its incorporation, and has the full corporate power and authority to own its properties and to conduct the business in which it is currently engaged, and had at all relevant times, and has, the power, authority authority, and legal right to acquireexecute, owndeliver, sell and service the Receivables perform its obligations under this Agreement, and any Supplement and, in all material respects, to hold the Receivable Files own its property and conduct its business as custodiansuch properties are presently owned and as such business is presently conducted.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Fremont Funding Inc)

Organization and Good Standing. The Servicer is duly organized and validly existing as a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction state of its incorporation, and has with the corporate power and authority to own its properties and to conduct the its business in which it as such properties are currently owned and such business is currently engagednow 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 1 contract

Samples: Sale and Servicing (Nationsfinancial Funding Corp)

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

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Deutsche Recreational Asset Funding Corp)

Organization and Good Standing. The Servicer is duly organized and validly existing as a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction state of its incorporation, and has the corporate with power and authority to own its properties and to conduct the its business in which it as such properties are currently owned and such business is currently engagedpresently 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.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Ml Asset Backed Corp)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction its state of its incorporation, and has the full corporate power and authority to own its properties and to conduct the business in which it is currently engaged, and had at all relevant times, and has, the power, authority and legal right to acquireown its properties and conduct its business as such properties are presently owned and such business is presently contemplated, own, sell and service the Receivables and to hold the Receivable Files as custodianexecute, deliver and perform its obligations under this Agreement.

Appears in 1 contract

Samples: Servicing Agreement (Tamarack Funding Corp)

Organization and Good Standing. The Servicer is a ------------------------------ corporation (or with respect to such Successor Servicer, such other corporate entity as may be applicable) duly organized, validly existing and in good standing under the laws of its state of incorporation (or, in the jurisdiction case of its incorporationa national banking association, in good standing under applicable federal law), and has the full corporate power and authority to own its properties and to conduct the business in which it is currently engaged, and had at all relevant times, and has, the power, authority and legal right to acquireexecute, own, sell deliver and service the Receivables perform its obligations under this Agreement and each Supplement and to hold the Receivable Files own its properties and conduct its business as custodiansuch properties are presently owned and as such business is presently conducted.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Mail Well Inc)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing organized and in good standing under the laws of the jurisdiction state of its incorporation, and has 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 to execute, deliver and carry out the business in which it is currently engagedterms of this Servicing Agreement, 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 custodianTransferred Intangible Transition Property.

Appears in 1 contract

Samples: Servicing Agreement (Pp&l Transition Bond Co Inc)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, and has the incorporation with all requisite corporate power and authority to own its properties and to conduct the its business in which it is currently engaged, and had at all relevant times, and has, the power, authority and legal right to acquire, own, sell and service the Receivables as presently conducted and to hold the Receivable Files as custodian.enter into and perform its obligations pursuant to this Agreement. (b)

Appears in 1 contract

Samples: Credit Agreement (Gladstone Investment Corporation\de)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing organized and in good standing under the laws of the jurisdiction state of its incorporation, and has 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 to execute, deliver and carry out the business in which it is currently engaged, terms of this Agreement 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 custodianTransition Property.

Appears in 1 contract

Samples: Transition Property Servicing Agreement (Reliant Energy Transition Bond Co LLC)

Organization and Good Standing. The Servicer is a corporation corporation, limited liability company or partnership duly organized, validly existing and in good standing under the all applicable laws of the its jurisdiction of its incorporationformation and has, and has the corporate in all material respects, full power and authority to own its properties and conduct its business as such properties are presently owned and as such business is presently conducted, and to conduct execute, deliver and perform its obligations under the business in Loan Documents to which it is currently 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 custodiana party or by which it is bound.

Appears in 1 contract

Samples: Dwip Loan and Security Agreement (Digital Landscape Group, Inc.)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporationorganization or incorporation and has, and has the corporate in all material respects, full power and authority to own its properties and to conduct the its credit card servicing business in which it is currently engagedas presently owned or conducted, and had at all relevant timesto execute, deliver and has, the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodianperform its obligations under this Agreement.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Advanta Business Recievables Corp)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing ------------------------------ organized and in good standing under the laws of the jurisdiction state of its incorporation, and has with the corporate power and authority to own its properties and to conduct the its business in which it as such properties are currently owned and such business is currently engagedpresently 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 custodianServiced Intangible Transition Property.

Appears in 1 contract

Samples: Servicing Agreement (West Penn Power Co)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction states of its incorporation, and has with the corporate power and authority to own its properties and to conduct the its business in which it as such properties are currently owned and such business is currently engagedpresently 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 custodianTransferred Environmental Control Property.

Appears in 1 contract

Samples: Servicing Agreement (MP Environmental Funding LLC)

Organization and Good Standing. The Servicer is a corporation (or with respect to such Successor Servicer, such other corporate entity as may be applicable) duly organized, validly existing and in good standing under the laws of the jurisdiction its state of its incorporation, and has the full corporate power and authority to own its properties and to conduct the business in which it is currently engaged, and had at all relevant times, and has, the power, authority and legal right to acquireexecute, owndeliver and perform its obligations under this Agreement and each Supplement and, sell in all material respects, to own its properties and service the Receivables conduct its business as such properties are presently owned and to hold the Receivable Files as custodian.such business is presently conducted. (b)

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Neiman Marcus Group Inc)

Organization and Good Standing. The Servicer is a corporation ------------------------------ duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, and has the corporate power and authority to execute, deliver and perform its obligations under this Agreement and, in all material respects, to own its property and conduct its business as such properties are presently owned and to conduct the as such business in which it is currently 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 custodianpresently conducted.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Firestone Retail Credit Corp)

Organization and Good Standing. The Servicer is a corporation duly organized, or limited liability company validly existing and in good standing under the laws applicable law of the jurisdiction of its incorporationincorporation or organization, or is a national bank duly organized and validly existing in good standing under the laws of the United States, and has the corporate has, in all material respects, full power and authority to own its properties and to conduct the its credit card servicing business in which it is currently engagedas presently owned or conducted, and had at all relevant timesto execute, deliver and has, the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodianperform its obligations under this Agreement.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Compucredit Corp)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, organization and has the corporate power and authority to own its properties assets and to conduct transact the business in which it is currently 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 1 contract

Samples: Sale and Servicing Agreement (Conseco Finance Securitizations Corp)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction its state of its incorporation, and has the corporate power and authority to own its properties and to conduct the business in which it is currently engaged, and had at all relevant times, and has, the full power, authority and legal right to acquireexecute, owndeliver and perform its obligations under this Agreement and any Supplement and, sell in all material respects, to own its property and service the Receivables conduct its business as such properties are presently owned and to hold the Receivable Files as custodiansuch business is presently conducted.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Stone Container Corp)

Organization and Good Standing. The Servicer is a corporation duly ------------------------------ organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, and has the incorporation with all requisite corporate power and authority to own its properties and to conduct the its business in which it is currently engaged, and had at all relevant times, and has, the power, authority and legal right to acquire, own, sell and service the Receivables as presently conducted and to hold the Receivable Files as custodianenter into and perform its obligations pursuant to this Agreement.

Appears in 1 contract

Samples: Loan Funding and Servicing Agreement (Healthcare Financial Partners Inc)

Organization and Good Standing. The Servicer is duly organized and validly existing as a corporation duly organized, validly existing and in good standing under the laws of the its jurisdiction of its incorporation, and has with the corporate power and authority to own its properties and to conduct the its business in which it as such properties are currently owned and such business is currently engagedpresently 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 1 contract

Samples: Sale and Servicing Agreement (Americredit Corp)

Organization and Good Standing. The Servicer is a corporation duly organized, organized and validly existing and in good standing under the laws of the jurisdiction its state of its incorporation, incorporation and has the corporate full power and authority to own its properties and to conduct the its credit card servicing business in which it is currently engagedas presently owned or conducted, and had at all relevant timesto execute, deliver and has, the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodianperform its obligations under this Agreement.

Appears in 1 contract

Samples: Note Purchase Agreement (Bon Ton Stores Inc)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction its state of its incorporation, and has the full corporate power and authority to own its properties and to conduct the business in which it is currently engaged, and had at all relevant times, and has, the power, authority and legal right to acquireown its properties and conduct its business as such properties are presently owned and such business is presently contemplated, own, sell and service the Receivables and to hold the Receivable Files as custodian.execute, deliver and perform its obligations under this Agreement. (b)

Appears in 1 contract

Samples: Servicing Agreement (Tamarack Funding Corp)

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

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Provident Lease Receivables Corp)

Organization and Good Standing. The Servicer is duly ------------------------------ organized and validly existing as a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction state of its incorporation, and has with the corporate power and authority to own its properties and to conduct the its business in which it as such properties are currently owned and such business is currently engagedpresently 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.

Appears in 1 contract

Samples: Form of Sale and Servicing Agreement (Morgan Stanley Abs Capital Ii Inc)

Organization and Good Standing. The Servicer is duly organized and validly existing as a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction state of its incorporation, and has with the corporate power and authority to own its properties and to conduct the its business in which it as such properties are currently owned and such business is currently engagedpresently 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 1 contract

Samples: Sale and Servicing Agreement (CNH Equipment Trust 2003-B)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing organized and in good standing under the laws of the jurisdiction state of its incorporation, and has 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 to execute, deliver and carry out the business in which it is currently engagedterms of this Servicing Agreement, 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 custodianServiced Intangible Transition Property.

Appears in 1 contract

Samples: Servicing Agreement (Pp&l Transition Bond Co Inc)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporationOntario, and has the Canada, with all requisite corporate power and authority to own its properties and to conduct the its business in which it is currently engaged, and had at all relevant times, and has, the power, authority and legal right to acquire, own, sell and service the Receivables as presently conducted and to hold the Receivable Files as custodianenter into and perform its obligations pursuant to this Agreement.

Appears in 1 contract

Samples: Agency and Servicing Agreement (Newcourt Receivables Corp)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction its state of its incorporation, and has the full corporate power and authority to own its properties and to conduct the business in which it is currently engaged, and had at all relevant times, and has, the power, authority and legal right to acquireexecute, owndeliver and perform its obligations under this Agreement and any Supplement and, sell in all material respects, to own its property and service the Receivables conduct its business as such properties are presently owned and to hold the Receivable Files as custodiansuch business is presently conducted.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Ingram Micro Inc)

Organization and Good Standing. The Servicer is a corporation duly organizedor limited liability company, as applicable, validly existing and in good standing under the laws applicable law of the jurisdiction of its incorporationincorporation or organization and has, and has the corporate in all material respects, full power and authority to own its properties and to conduct the its credit card servicing business in which it is currently engagedas presently owned or conducted, and had at all relevant timesto execute, deliver and hasperform its obligations under this Agreement, the power, authority Indenture and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodianeach Indenture Supplement.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Compucredit Corp)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction states of its incorporation, and has with the corporate power and authority to own its properties and to conduct the its business in which it as such properties are currently owned and such business is currently engagedpresently 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 custodianEnvironmental Control Property.

Appears in 1 contract

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

Organization and Good Standing. The Servicer is a corporation corporation, duly organized, validly existing and in good standing under the laws of the jurisdiction its state of its incorporation, and the Servicer has the corporate power and authority to own its properties assets and to conduct transact the respective business in which it is currently engaged. The Servicer is duly qualified to do business as a foreign corporation and is in good standing in each jurisdiction in which its type of organization and the character of the business transacted by it or properties owned or leased by it requires such qualification and in which the failure so to qualify would have a material adverse effect on its business, and had at all relevant timesproperties, and hasassets, the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodianor condition (financial or other).

Appears in 1 contract

Samples: Non Solicitation and Referral Agreement (Greenpoint Financial Corp)

Organization and Good Standing. The Servicer is a corporation corporation, limited liability company or partnership duly organized, validly existing and in good standing under the all applicable laws of the its jurisdiction of its incorporationformation and has, and has the corporate in all material respects, full power and authority to own its properties and conduct its business as such properties are presently owned and as such business is presently conducted, and to conduct execute, deliver and perform its obligations under the business in Finance Documents to which it is currently 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 custodiana party or by which it is bound.

Appears in 1 contract

Samples: Dwip Subscription Agreement (Radius Global Infrastructure, Inc.)

Organization and Good Standing. The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, incorporation and has the full corporate power and authority to own its properties and to conduct the business in which it is currently engaged, and had at all relevant times, and has, the power, authority and legal right to acquireown its properties and conduct its business as such properties are presently owned and as such business is presently conducted, own, sell and service the Receivables and to hold the Receivable Files as custodianexecute, deliver and perform its obligations under this Agreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (A I Receivables Corp)

Organization and Good Standing. The Servicer is a corporation duly organized, an entity validly existing and in good standing under the laws of the jurisdiction of its incorporationorganization and has, and has the corporate in all material respects, full power and authority to own its properties and to conduct the its credit card servicing business in which it is currently engagedas presently owned or conducted, and had at all relevant timesto execute, deliver and has, the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodianperform its obligations under this Agreement.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Advanta Business Recievables Corp)

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