Power and Authority; Due Authorization; Enforceability. The Seller has full power and authority to convey and assign the property conveyed and assigned to the Purchaser hereunder and has duly authorized such sale and assignment to the Purchaser by all necessary corporate action. This Agreement has been duly authorized, executed and delivered by the Seller and shall constitute the legal, valid, binding and enforceable obligation of the Seller except as the same may be limited by insolvency, bankruptcy, reorganization or other laws relating to or affecting the enforcement of creditors' rights or by general equity principles.
Power and Authority; Due Authorization; Enforceability. The Servicer has full power and authority to perform its obligations under this Agreement and has duly authorized the performance of its obligations under this Agreement by all necessary action. The Agreement has been duly authorized, executed and delivered by the Servicer and constitutes the legal, valid, binding and enforceable obligation of the Servicer except as the same may be limited by insolvency, bankruptcy, reorganization or other laws relating to or affecting the enforcement of creditors' rights or by general equity principles.
Power and Authority; Due Authorization; Enforceability. The Bank has full power and authority to convey and assign the Receivables and to perform its obligations under this Agreement and has duly authorized such sale and assignment to the Purchaser and the performance of its obligations under this Agreement by all necessary action. The Agreement has been duly authorized, executed and delivered by the Bank and constitutes the legal, valid, binding and enforceable obligation of the Bank except as the same may be limited by insolvency, bankruptcy, reorganization or other laws relating to or affecting the enforcement of creditors' rights or by general equity principles.
Power and Authority; Due Authorization; Enforceability. The Servicer has 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 had at all relevant times, and has power, authority and legal right to service the Receivables and to hold the Receivable Files, as applicable, as custodian on behalf of the Master Servicer as contemplated under this Agreement. The Servicer has power and authority to execute and deliver this Agreement and to carry out its terms and this Agreement has been duly authorized, executed and delivered by the Servicer and will constitute the legal, valid and binding obligation of the Servicer, enforceable against the Servicer in accordance with its terms, except as such enforceability may be limited by applicable insolvency, bankruptcy, reorganization, conservatorship, receivership, liquidation and other similar laws and general equitable principles.
Power and Authority; Due Authorization; Enforceability. The Master Servicer has full power and authority to execute and deliver this Agreement and to carry out its terms and this Agreement has been duly authorized, executed and delivered by the Master Servicer and constitutes the legal, valid and binding obligation of the Master Servicer, enforceable against the Master Servicer in accordance with its terms, except as such enforceability may be limited by insolvency, bankruptcy, reorganization, conservatorship, receivership, liquidation or other similar laws and to general equitable principles.
Power and Authority; Due Authorization; Enforceability. The Administrator has full power and authority to execute and deliver this Agreement and to carry out its terms and this Agreement has been duly authorized, executed and delivered by the Administrator and constitutes the legal, valid and binding obligation of the Administrator, enforceable against the Administrator in accordance with its terms, except as such enforceability may be limited by insolvency, bankruptcy, reorganization, conservatorship, receivership, liquidation or other similar laws and to general equitable principles.
Power and Authority; Due Authorization; Enforceability. The Bank has full power and authority to perform its obligations under this Agreement and has duly authorized the performance of its obligations under this Agreement by all necessary action. This Agreement has been duly authorized, executed and delivered by the Bank and constitutes the legal, valid, binding and enforceable obligation of the Bank except as the same may be limited by insolvency, bankruptcy, reorganization or other laws relating to or affecting the enforcement of creditors' rights or by general equity principles.
Power and Authority; Due Authorization; Enforceability. The Seller has full power and authority to convey and assign the property conveyed and assigned to the Purchaser hereunder and under each First Tier Subsequent Assignment and has duly authorized such sale and assignment to the Purchaser by all necessary corporate action. This Agreement and each First Tier Subsequent Assignment has been duly authorized, executed and delivered by the Seller and shall constitute the legal, valid, binding and enforceable obligation of the Seller except as the same may be limited by insolvency, bankruptcy, reorganization or other laws relating to or affecting the enforcement of creditors' rights or by general equity principles.
Power and Authority; Due Authorization; Enforceability. This Agreement and all other instruments or documents to be delivered hereunder or pursuant hereto, and the transactions contemplated hereby, have been duly authorized by all necessary proceedings of the Servicer. This Agreement has been duly and validly executed and delivered by the Servicer and, assuming due authorization, execution and delivery by the Company, this Agreement is a valid and legally binding agreement of the Company enforceable in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, or other similar laws affecting the enforcement of creditors' rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.
Power and Authority; Due Authorization; Enforceability. (a) Each Obligated Party has all requisite corporate power and authority to conduct its business as presently conducted and to execute, deliver and perform its Obligations under this Agreement and the Financing Documents to which it is a party. The execution, delivery and performance of this Agreement have been duly authorized by all necessary corporate action by each Obligated Party. This Agreement and the applicable Financing Documents have been duly and validly executed and delivered by each Obligated Party and constitute the valid, binding and enforceable Obligations of such Obligated Party, enforceable against it in accordance with their terms, except to the extent that the enforceability hereof or thereof may be limited by Bankruptcy, insolvency, reorganization or other Laws and judicial decisions of general application relating to or affecting the enforcement of creditors' rights generally or by general equitable principles.
