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

Power and Authority; Due Authorization. It (i) has all necessary power and authority to execute, deliver and carry out the terms of the Basic Documents to which it is a party and (ii) has duly authorized by all necessary action on its part the execution, delivery and performance of such Basic Documents.

Power and Authority; Due Authorization. It has (i) has all necessary power power, authority and authority legal right to execute, deliver and carry out the terms of the Basic Documents to which it is a party perform its obligations under this Guarantee and (ii) has duly authorized by all necessary organizational action on its part the such execution, delivery and performance of such Basic Documentsthis Guarantee.

Power and Authority; Due Authorization. It (i) has all necessary power and authority to execute, (A) execute and deliver this Agreement and (B) carry out the terms of the Basic Documents to which it is a party and perform its obligations under this Agreement, and (ii) has duly authorized by all necessary action on its part corporate, partnership or limited liability company action, as applicable, the execution, delivery and performance of such Basic Documentsthis Agreement.

Power and Authority; Due Authorization. It (i) has all necessary power power, authority and authority legal right to execute(A) execute and deliver the Basic Documents to which it is a party, deliver and (B) carry out the terms of the Basic Documents to which it is a party and (C) to assign or grant the security interest in the assets transferred by it on the terms and conditions in this Agreement and (ii) has duly authorized by taken all necessary action on its part to authorize the execution, delivery and performance of such the Basic DocumentsDocuments to which it is a party and to assign or grant a security interest in the assets transferred by it on the terms and conditions in this Agreement.

Power and Authority; Due Authorization. It has (a) all necessary power, authority and legal right (i) has all necessary power to execute and authority to execute, deliver this Agreement and carry out the terms of the Basic Documents each other Transaction Document to which it is a party and party; (ii) has to perform its obligations under each Transaction Document to which it is a party; (iii) to generate, own, sell and assign Receivables on the terms and subject to the conditions herein and therein provided; and (b) duly authorized such execution and delivery and such sale and assignment and the performance of such obligations by all necessary action on its part the execution, delivery and performance of such Basic Documentscorporate action.

Power and Authority; Due Authorization. It (i) has all necessary power power, authority and authority legal right to execute, (A) execute and deliver this Undertaking and the other Transaction Documents to which it is a party and (B) carry out the terms of and perform its obligations under the Basic Transaction Documents to which it is a party and (ii) has duly authorized by all necessary corporate action on its part the execution, delivery and performance of such Basic Documentsthis Undertaking.

Power and Authority; Due Authorization. It has (i) has all necessary power power, authority and authority legal right (A) to executeexecute and deliver, deliver and carry out the terms of the Basic Documents perform its obligations under, each Transaction Document to which it is a party and (B) to generate, own, sell, contribute and assign Receivables on the terms and subject to the conditions herein and therein provided; and (ii) has duly authorized such execution and delivery and such sale, contribution and assignment and the performance of such obligations by all necessary action on its part the execution, delivery and performance of such Basic Documentscorporate action.

Power and Authority; Due Authorization. It has (i) has all necessary power corporate power, authority and authority legal right to execute, deliver and carry out the terms of the Basic Documents perform its obligations under this Agreement and each other Transaction Document to which it is a party in its capacity as Servicer and (ii) has duly authorized by all necessary corporate action on its part the such execution, delivery and performance of this Agreement and such Basic other Transaction Documents.

Power and Authority; Due Authorization. It has (i) has all necessary power power, authority and authority legal right to execute, deliver and carry out the terms of the Basic Documents perform its obligations under this Agreement and each other Transaction Document to which it is a party in its capacity as Servicer and (ii) has duly authorized by all necessary corporate action on its part the such execution, delivery and performance of this Agreement and such Basic other Transaction Documents.

Power and Authority; Due Authorization. It has (i) has all necessary power corporate power, authority and authority legal right to (A) execute, deliver and carry out perform its obligations under this Agreement, the terms of the Basic Documents Certificate and each other Transaction Document to which it is a party party, and (B) to sell and assign Undivided Interests on the terms and subject to the conditions herein provided and (ii) has duly authorized by all necessary action on its part the execution, delivery and performance of such Basic Documents.all

Power and Authority; Due Authorization. It (i) has all necessary power and authority to execute, deliver and carry out the terms of the Basic Documents 101 to which it is a party and (ii) has duly authorized by all necessary action on its part the execution, delivery and performance of such Basic Documents.

Power and Authority; Due Authorization. It (i) has all necessary corporate power and authority to execute(A) own its properties and to conduct its business as such properties are presently owned and such business is presently conducted, (B) execute and deliver the Transaction Documents to which it is a party, and (C) carry out the terms of the Basic Documents to which it is a party Transaction Documents, and (ii) has duly authorized by all necessary corporate action on its part the execution, delivery and performance of such Basic Documentsthe Transaction Documents to which it is a party.

Power and Authority; Due Authorization. It has (a) all corporate power and authority (i) has all necessary power to execute and authority to executedeliver, deliver and carry out the terms of the Basic Documents perform its obligations under, each Transaction Document to which it is a party and (ii) has to generate, own, sell, contribute and assign Receivables on the terms and subject to the conditions herein and therein provided; and (b) duly authorized such execution and delivery and such sale, contribution and assignment and the performance of such obligations by all necessary action on its part the execution, delivery and performance of such Basic Documentscorporate action.

Power and Authority; Due Authorization. It has (i) has all necessary power power, authority and authority legal right (A) to executeexecute and deliver, deliver and carry out the terms of the Basic Documents perform its obligations under, each Transaction Document to which it is a party and (B) to generate, own, sell, contribute and assign Receivables on the terms and subject to the conditions herein and therein provided; and (ii) has duly authorized such execution and delivery and such sale, contribution and assignment and the performance of such obligations by all necessary action on its part the execution, delivery and performance of such Basic Documentscorporate or limited liability company action.