Common use of Power and Authority; Due Authorization; Enforceability Clause in Contracts

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 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 will 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 Seller Purchaser has full power and authority to convey purchase the Receivables and assign the property conveyed and assigned to the Purchaser hereunder perform its other obligations under this Agreement and has duly authorized such sale purchase and assignment to the Purchaser performance of its obligations under this Agreement by all necessary corporate action. This The Agreement has been duly authorized, executed and delivered by the Seller Purchaser and shall constitute constitutes the legal, valid, binding and enforceable obligation of the Seller Purchaser, 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.