Common use of Power and Authority Clause in Contracts

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust and the Depositor has duly authorized such sale and assignment and deposit to the Trust by all necessary action; and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary action.

Appears in 173 contracts

Samples: Trust Agreement (GM Financial Consumer Automobile Receivables Trust 2024-2), Trust Agreement (GM Financial Consumer Automobile Receivables Trust 2024-2), Trust Agreement (GM Financial Consumer Automobile Receivables Trust 2021-2)

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Power and Authority. The Depositor has the corporate requisite power and authority to execute and deliver this Agreement and to carry out its terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust Issuing Entity, and the Depositor has shall have duly authorized such sale and assignment and deposit to the Trust Issuing Entity by all necessary action; and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary action.

Appears in 98 contracts

Samples: Sale and Servicing Agreement (World Omni Auto Receivables Trust 2020-A), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2015-A), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2013-A)

Power and Authority. The Depositor has the corporate power and authority to execute execute, deliver and deliver perform its obligations under this Agreement and to carry out its terms; the Agreement. The Depositor has full the power and authority to sell sell, assign, transfer and assign convey the property to be sold and assigned transferred to and deposited with the Trust and the Depositor has duly authorized such sale and assignment transfer and deposit to the Trust by all necessary limited liability company action; , and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary limited liability company action.

Appears in 71 contracts

Samples: Sale and Servicing Agreement (Carmax Auto Funding LLC), Sale and Servicing Agreement (Carmax Auto Funding LLC), Sale and Servicing Agreement (CarMax Auto Owner Trust 2016-2)

Power and Authority. The Depositor has the corporate power and the authority to execute and deliver this Agreement and to carry out its terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust and the Depositor has duly authorized such sale and assignment and deposit to the Trust by all necessary action; and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary action.

Appears in 66 contracts

Samples: Series Certificate Transfer Agreement (Nissan Auto Lease Trust 2023-A), Certificate Transfer Agreement (Nissan Auto Leasing LLC Ii), Certificate Transfer Agreement (Nissan Auto Lease Trust 2009-B)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the . The Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with as part of the Owner Trust Estate and the Depositor has duly authorized such sale and assignment and deposit to the Trust by all necessary corporate action; and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary corporate action.

Appears in 59 contracts

Samples: Trust Agreement (Nissan Auto Receivables 2006-B Owner Trust), Trust Agreement (Nissan Auto Receivables Corp Ii), Trust Agreement (Nissan Auto Receivables 2011-a Owner Trust)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust and the Depositor has duly authorized such sale and assignment and deposit to the Trust by all necessary action; and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary action.

Appears in 58 contracts

Samples: Trust Agreement (Exeter Automobile Receivables Trust 2022-1), Trust Agreement (Exeter Automobile Receivables Trust 2024-1), Trust Agreement (Exeter Automobile Receivables Trust 2023-5)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust and the Depositor has duly authorized such sale and assignment and deposit to the Trust by all necessary corporate action; and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary corporate action.

Appears in 51 contracts

Samples: Trust Agreement (AmeriCredit Automobile Receivables Trust 2005-a-X), Trust Agreement (Americredit Automobile Receivables Trust 2003-a-M), Trust Agreement (Americredit Automobile Receivables Trust 2003-B-X)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust and the Depositor has duly authorized such sale and assignment and deposit to the Trust by all necessary action; and the execution, delivery and performance of this Agreement has have been duly authorized by the Depositor by all necessary action.

Appears in 44 contracts

Samples: Receivables Purchase Agreement (Hyundai Abs Funding LLC), Receivables Purchase Agreement (Hyundai Auto Receivables Trust 2023-B), Receivables Purchase Agreement (Hyundai Auto Receivables Trust 2023-A)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust and the Depositor has duly authorized such sale and assignment and deposit to the Trust by all necessary action; , and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary action.

Appears in 44 contracts

Samples: Trust Agreement (Nissan Auto Leasing LLC Ii), Trust Agreement (Nissan Auto Leasing LLC Ii), Trust Agreement (Nissan Auto Leasing LLC Ii)

Power and Authority. The Depositor has the corporate power and authority to execute execute, deliver and deliver this Agreement and to carry out perform its terms; obligations under the Depositor Basic Documents. The Depositor has full the power and authority to sell sell, assign, transfer and assign convey the property to be sold and assigned transferred to and deposited with the Trust Issuer and the Depositor has duly authorized such sale sale, assignment, transfer and assignment and deposit to the Trust conveyance by all necessary limited liability company action; and the execution, delivery and performance of this Agreement the Depositor Basic Documents has been duly authorized by the Depositor by all necessary limited liability company action.

Appears in 35 contracts

Samples: Sale and Servicing Agreement (Daimler Trucks Retail Trust 2024-1), Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2023-2), Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2020-1)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Holding Trust and the Depositor has duly authorized such sale and assignment and deposit to the Holding Trust by all necessary action; and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary action.

Appears in 34 contracts

Samples: Trust Agreement (Exeter Automobile Receivables Trust 2020-3), Trust Agreement (Exeter Automobile Receivables Trust 2022-3), Trust Agreement (Exeter Automobile Receivables Trust 2023-1)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and the other Basic Documents to which it is a party and to carry out its their respective terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust Issuer, and the Depositor has shall have duly authorized such sale and assignment and deposit to the Trust Issuer by all necessary corporate action; and the execution, delivery and performance of this Agreement has and the other Basic Documents to which the Depositor is a party have been and will be duly authorized by the Depositor by all necessary corporate action.

Appears in 32 contracts

Samples: Sale and Servicing Agreement (Hyundai Auto Receivables Trust 2008-A), Sale and Servicing Agreement (Hyundai Auto Receivables Trust 2013-A), Sale and Servicing Agreement (Hyundai Auto Receivables Trust 2015-C)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust and the Depositor has duly authorized such sale and assignment and deposit to the Trust by all necessary action; and the execution, delivery and performance of this Agreement has have been duly authorized by the Depositor by all necessary corporate action.

Appears in 32 contracts

Samples: Receivables Purchase Agreement (Hyundai Abs Funding Corp), Receivables Purchase Agreement (Hyundai Auto Receivables Trust 2012-B), Receivables Purchase Agreement (Hyundai Auto Receivables Trust 2006-A)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust and Trust; the Depositor has duly authorized such sale and sale, assignment and deposit to the Trust by all necessary corporate action; and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary corporate action.

Appears in 25 contracts

Samples: Trust Agreement (HSBC Automotive Trust 2005-3), Trust Agreement (HSBC Automotive Trust (USA) 2006-1), Trust Agreement (Household Automotive Trust 2003-2)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the . The Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with as part of the Owner Trust Estate and the Depositor has duly authorized such sale and assignment and deposit to the Trust Issuer by all necessary corporate action; and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary corporate action.

Appears in 24 contracts

Samples: Trust Agreement (Nissan Auto Receivables 2019-B Owner Trust), Trust Agreement (Nissan Auto Receivables 2016-a Owner Trust), Trust Agreement (Nissan Auto Receivables 2018-a Owner Trust)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the . The Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with as part of the Owner Trust Estate and the Depositor has duly authorized such sale and assignment and deposit to the Trust Issuer by all necessary action; and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary action.

Appears in 15 contracts

Samples: Trust Agreement (Nissan Auto Receivables 2021-a Owner Trust), Trust Agreement (NISSAN AUTO RECEIVABLES Co II LLC), Trust Agreement (Nissan Auto Receivables Corp Ii)

Power and Authority. The Depositor has shall have the corporate power and authority to execute and deliver this Agreement and to carry out its terms; , the Depositor has shall have full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trustee as part of the Trust and the Depositor has shall have duly authorized such sale and assignment and deposit to the Trust Trustee by all necessary corporate action; and the execution, delivery delivery, and performance of this the Agreement has shall have been duly authorized by the Depositor by all necessary corporate action.

Appears in 13 contracts

Samples: Pooling and Servicing Agreement (Uacsc 1997-a Auto Trust), Pooling and Servicing Agreement (Uacsc 1997-C Auto Trust), Pooling and Servicing Agreement (Uacsc 1997-D Auto Trust)

Power and Authority. The Depositor has the corporate power and ------------------- authority to execute and deliver this Agreement and to carry out its terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust and the Depositor has duly authorized such sale and assignment and deposit to the Trust by all necessary corporate action; and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary corporate action.

Appears in 12 contracts

Samples: Trust Agreement (Americredit Financial Services Inc), Trust Agreement (Prudential Securities Secured Financing Corp), Trust Agreement (Americredit Financial Services Inc)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and the other Basic Documents to which it is a party and to carry out its their respective terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust Issuer, and the Depositor has shall have duly authorized such sale and assignment and deposit to the Trust Issuer by all necessary corporate action; and the execution, delivery and performance of this Agreement has and the other Basic Documents to which the Depositor is a party have been duly authorized by the Depositor by all necessary corporate action.

Appears in 10 contracts

Samples: Receivables Purchase Agreement (BMW Fs Securities LLC), Receivables Purchase Agreement (BMW Fs Securities LLC), Sale and Servicing Agreement (National City Auto Receivables Trust 2002-A)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the Depositor has full power and authority to sell and assign the Receivables and other property to be sold and assigned to and deposited with the Trust Issuing Entity and the Depositor has duly authorized such sale and assignment and deposit to the Trust Issuing Entity by all necessary corporate action; and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary corporate action.

Appears in 8 contracts

Samples: Sale and Servicing Agreement (Caterpillar Financial Asset Trust 2006-A), Form of Sale and Servicing Agreement (Caterpillar Financial Funding Corp), Form of Sale and Servicing Agreement (Caterpillar Financial Funding Corp)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and the other Basic Documents to which it is a party and to carry out its their respective terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust Issuer, and the Depositor has shall have duly authorized such sale and assignment and deposit to the Trust Issuer by all necessary corporate action; and the execution, delivery and performance of this Agreement has been and the other Basic Documents to which the Depositor is a party have been, duly authorized by the Depositor by all necessary corporate action.

Appears in 8 contracts

Samples: Sale and Servicing Agreement (SSB Vehicle Sec Huntington Auto Trust 2000-A), Sale and Servicing Agreement (Morgan Stanley Auto Loan Trust 2003-Hb1), Sale and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and its Related Documents and to carry out its terms and their terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust and the Depositor has duly authorized such sale and assignment and deposit to the Trust by all necessary action, respectively; and the execution, delivery and performance of this Agreement has and the Depositor's Related Documents have been duly authorized by the Depositor by all necessary action.

Appears in 7 contracts

Samples: Purchase Agreement (Triad Financial Special Purpose LLC), Purchase Agreement (Triad Automobile Receivables Trust 2004-A), Purchase Agreement (Triad Automobile Receivables Trust 2006-A)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust and the Depositor has duly authorized such sale and assignment and deposit to the Trust by all necessary action; terms and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary corporate action.

Appears in 7 contracts

Samples: Purchase Agreement (Caterpillar Financial Funding Corp), Purchase Agreement (Caterpillar Financial Asset Trust 2006-A), Purchase Agreement (Caterpillar Financial Asset Trust 2008-A)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and the other Basic Documents to which it is a party and to carry out its their respective terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust Issuer, and the Depositor has shall have duly authorized such sale and assignment and deposit to the Trust Issuer by all necessary action; and the execution, delivery and performance of this Agreement has and the other Basic Documents to which the Depositor is a party have been duly authorized by the Depositor by all necessary action.

Appears in 6 contracts

Samples: Sale and Servicing Agreement (BMW Fs Securities LLC), Sale and Servicing Agreement (BMW Fs Securities LLC), Sale and Servicing Agreement (BMW Vehicle Owner Trust 2004-A)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust Issuer, and the Depositor has shall have duly authorized such sale and assignment and deposit to the Trust Issuer by all necessary corporate action; and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary corporate action.

Appears in 5 contracts

Samples: Sale and Servicing Agreement (Nal Financial Group Inc), Sale and Servicing Agreement (Nal Financial Group Inc), Sale and Servicing Agreement (Nal Financial Group Inc)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to to, and deposited with with, the Trust and the Depositor has duly authorized such sale and assignment and deposit to the Trust by all necessary corporate action; and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary corporate action.

Appears in 5 contracts

Samples: Trust Agreement (Consumer Portfolio Services Inc), And (Consumer Portfolio Services Inc), Trust Agreement (Consumer Portfolio Services Inc)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its respective terms; the Depositor has full power and authority to sell transfer and assign the property to be sold transferred and assigned to and deposited with the Trust Issuer, and the Depositor has shall have duly authorized such sale transfer and assignment and deposit to the Trust Issuer by all necessary corporate action; and the execution, delivery and performance of this Agreement by the Depositor has been duly authorized by the Depositor by all necessary corporate action.

Appears in 4 contracts

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

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and Agreement, to carry out its terms; terms and to consummate the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust and the Depositor has duly authorized such sale and assignment and deposit to the Trust by all necessary action; transactions contemplated herein, and the execution, delivery and performance of this Agreement has and the consummation of the transactions contemplated herein have been duly authorized by the Depositor by all necessary actioncorporate action on the part of the Depositor.

Appears in 4 contracts

Samples: Trust Sale and Servicing Agreement (Wholesale Auto Receivables Corp), Pooling and Servicing Agreement (Superior Wholesale Inventory Financing Trust 2007-Ae-1), Trust Sale and Servicing Agreement (SWIFT Master Auto Receivables Trust)

Power and Authority. The Depositor has shall have the corporate power and authority to execute and deliver this the Agreement and to carry out its terms; the Depositor has shall have full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trustee as part of the Trust and the Depositor has shall have duly authorized such sale and assignment and deposit to the Trust Trustee by all necessary corporate action; and the execution, delivery and performance of this the Agreement has shall have been duly authorized by the Depositor by all necessary corporate action.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Nationscredit Grantor Trust 1997-1), Pooling and Servicing Agreement (Nationscredit Grantor Trust 1997-2), Nationscredit Securitization Corp

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and its Related Documents and to carry out its terms and their terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust and the Depositor has duly authorized such sale and assignment and deposit to the Trust by all necessary action, respectively; and the execution, delivery and performance of this Agreement has and Depositor's Related Documents have been duly authorized by the Depositor by all necessary action.

Appears in 3 contracts

Samples: Purchase Agreement (Triad Auto Receivables Trust 2003-A), Purchase Agreement (Bond Securitization LLC), Purchase Agreement (Triad Automobile Receivables Trust 2003-B)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and the other Basic Documents to which it is a party and to carry out its their respective terms; the Depositor has full corporate power and authority to sell and assign the property to be sold and assigned to and deposited with the Trustee as part of the Trust and the Depositor has duly authorized such sale and assignment and deposit to the Trust Trustee by all necessary corporate action; and the execution, delivery delivery, and performance of this Agreement has and the other Basic Documents to which it is a party have been duly authorized by the Depositor by all necessary corporate action.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Long Beach Acceptance Corp), Pooling and Servicing Agreement (Long Beach Holdings Corp), Pooling and Servicing Agreement (Long Beach Holdings Corp)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trustee as part of the Trust and the Depositor has duly authorized such sale and assignment and deposit to the Trust Trustee by all necessary corporate action; and the execution, delivery delivery, and performance of this Agreement has been duly authorized by the Depositor by all necessary limited liability company action.

Appears in 3 contracts

Samples: Supplement Agreement (Usaa Acceptance LLC), Supplement Agreement (Usaa Acceptance LLC), Supplement Agreement (Usaa Acceptance LLC)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and the other Basic Documents to which it is a party and to carry out its their respective terms; , the Depositor has full power and authority to sell and assign the property to be sold and assigned to the Issuer as the Owner Trust Estate and deposited with the Trust and the Depositor has duly authorized such sale and assignment and deposit to the Trust Issuer by all necessary corporate action; and the execution, delivery delivery, and performance of this Agreement and the other Basic Documents to which it is a party has been duly authorized by the Depositor by all necessary action.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (JPMorgan Chase Bank, National Association), Sale and Servicing Agreement (Chase Auto Owner Trust 2006-A), Sale and Servicing Agreement (JPMorgan Chase Bank, National Association)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and the Depositor's Related Documents and to carry out its termsthe terms hereof and thereof; the Depositor has full power and authority to sell transfer and assign the property Trust Assets to be sold transferred and assigned to and deposited with the Trust Issuer by it and the Depositor has duly authorized such sale transfer and assignment and deposit to the Trust Issuer by all necessary corporate action; and the execution, delivery and performance of this Agreement has and the Depositor's Related Documents have been duly authorized by the Depositor by all necessary corporate action.

Appears in 3 contracts

Samples: Transfer and Servicing Agreement (Antigua Funding Corp), Transfer and Servicing Agreement (Antigua Funding Corp), Transfer and Servicing Agreement (Capita Equipment Receivables Trust 1996-1)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and its Related Documents and to carry out its terms and their terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust and the Depositor has duly authorized such sale and assignment and deposit to the Trust by all necessary action, respectively; and the execution, delivery and performance of this Agreement has and the Depositor’s Related Documents have been duly authorized by the Depositor by all necessary action.

Appears in 3 contracts

Samples: Purchase Agreement (Triad Financial Special Purpose LLC), Purchase Agreement (Triad Financial Special Purpose LLC), Purchase Agreement (Triad Financial Special Purpose LLC)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust Issuer and the Depositor has Seller and shall have duly authorized such sale and assignment and deposit to the Trust Issuer by all necessary corporate action; and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor Seller by all necessary corporate action.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Ml Asset Backed Corp), Sale and Servicing Agreement (Ml Asset Backed Corp), Sale and Servicing Agreement (Painewebber Asset Acceptance Corp)

Power and Authority. The Depositor has the corporate power and authority to execute execute, deliver and deliver perform its obligations under this Agreement and the other Transaction Documents to carry out its terms; the which it is a party. The Depositor has full the power and authority to sell sell, assign, transfer and assign convey the property to be sold and assigned transferred to and deposited with the Trust and the Depositor has duly authorized such sale and assignment transfer and deposit to the Trust by all necessary corporate action; , and the execution, delivery and performance of this Agreement has and the other Transaction Documents to which the Depositor is a party have been duly authorized by the Depositor by all necessary corporate action.

Appears in 3 contracts

Samples: Sale and Allocation Agreement (First Investors Financial Services Group Inc), Sale and Allocation Agreement (First Investors Financial Services Group Inc), Sale and Allocation Agreement (First Investors Financial Services Group Inc)

Power and Authority. The Depositor has the corporate trust power and authority to execute and deliver this Agreement and to carry out its terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust and the Depositor has duly authorized such sale and assignment and deposit to the Trust by all necessary corporate action; and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary trust action.

Appears in 3 contracts

Samples: Trust Agreement (National Auto Finance Co Inc), Trust Agreement (National Financial Auto Funding Trust), Trust Agreement (National Auto Finance Co Inc)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and the Related Documents to which it is a party and to carry out its terms and their terms, respectively; the Depositor has full power and authority to sell and assign the property Trust Property to be sold and assigned to and deposited with the Trust Trustee by it and the Depositor has duly authorized such sale and assignment and deposit to the Trust Trustee by all necessary corporate action; and the execution, delivery and performance of this Agreement has and the Related Documents to which it is a party have been duly authorized by the Depositor by all necessary corporate action.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Painewebber Asset Acceptance Corp), Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust Trust, and the Depositor has duly authorized such sale and assignment and deposit to the Trust by all necessary corporate action; and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary corporate action.

Appears in 2 contracts

Samples: Trust Agreement (Bay View Capital Corp), Trust Agreement (Bay View Capital Corp)

Power and Authority. The Depositor has the all corporate power and authority to execute and deliver this Agreement and the other Basic Documents to which it is a party and to carry out its their terms; the Depositor has full power and authority to sell and assign the property to be sold sold, and assigned to and deposited with the Trust Trust, and the Depositor has shall have duly authorized such sale and assignment and deposit to the Trust by all necessary corporate action; and the execution, delivery delivery, and performance of this Agreement has and the other Basic Documents to which the Depositor is a party have been duly authorized authorized, executed and delivered by the Depositor by all necessary corporate action.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Funding Ii Inc), Pooling and Servicing Agreement (Bear Stearns Asset Backed Funding Inc)

Power and Authority. The Depositor has the all corporate power and authority to execute execute, deliver and deliver perform this Agreement and the other Basic Documents to which it is a party and to carry out its their respective terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust Issuer, and the Depositor has shall have duly authorized such sale and assignment and deposit to the Trust Issuer by all necessary corporate action; and the execution, delivery and performance of this Agreement has and the other Basic Documents to which the Depositor is a party have been duly authorized by the Depositor by all necessary corporate action.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Bear Stearns Asset Backed Funding Inc), Receivables Purchase Agreement (Bear Stearns Asset Backed Funding Ii Inc)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the . The Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with as part of the Owner Trust Estate and the Depositor has duly authorized such sale and assignment and deposit to the Trust and the Owner Trustee by all necessary corporate action; and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary corporate action.

Appears in 2 contracts

Samples: Trust Agreement (Nissan Auto Receivables Corp /De), Trust Agreement (Nissan Auto Receivables Corp /De)

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Power and Authority. The Depositor has shall have the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the Depositor has shall have full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trustee as part of the Trust and the Depositor has shall have duly authorized such sale and assignment and deposit to the Trust Trustee by all necessary corporate action; and the execution, delivery delivery, and performance of this the Agreement has shall have been duly authorized by the Depositor by all necessary corporate action.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Uacsc 1998-D Auto Trust), Pooling and Servicing Agreement (Uacsc 1998-C Auto Trust)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust and the Depositor has duly authorized such sale and assignment and deposit to the Trust by all necessary actionTrust; and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary limited liability company action.

Appears in 1 contract

Samples: Trust Agreement (MFN Financial Corp)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trustee as part of the Trust and the Depositor has duly authorized such sale and assignment and deposit to the Trust Trustee by all necessary corporate action; and the execution, delivery delivery, and performance of this Agreement has been duly authorized by the Depositor by all necessary corporate action.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Asset Securities Corp)

Power and Authority. The Depositor has the corporate power and ------------------- authority to execute and deliver this Agreement and to carry out its respective terms; the Depositor has full power and authority to sell transfer and assign the property to be sold transferred and assigned to and deposited with the Trust Issuer, and the Depositor has shall have duly authorized such sale transfer and assignment and deposit to the Trust Issuer by all necessary corporate action; and the execution, delivery and performance of this Agreement by the Depositor has been duly authorized by the Depositor by all necessary corporate action.

Appears in 1 contract

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

Power and Authority. The Depositor has shall have the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the Depositor has shall have full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trustee as part of the Trust and the Depositor has shall have duly authorized such sale and assignment and deposit to the Trust Trustee by all necessary corporate action; and the execution, delivery and performance of this Agreement has shall have been duly authorized by the Depositor by all necessary corporate action.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Cit Group Inc)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust and Trust; the Depositor has duly authorized such sale and sale, assignment and deposit to the Trust by all necessary corporate action; and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary corporate action.. (d)

Appears in 1 contract

Samples: Trust Agreement (Household Automotive Trust v Series 2000 2)

Power and Authority. The Depositor has the corporate power ------------------- and authority to execute and deliver this Agreement and to carry out its respective terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust Issuer, and the Depositor has shall have duly authorized such sale and assignment and deposit to the Trust Issuer by all necessary corporate action; and the execution, delivery and performance of this Agreement has been been, duly authorized by the Depositor by all necessary corporate action.

Appears in 1 contract

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

Power and Authority. The Depositor has the corporate power and authority to execute execute, deliver and deliver perform this Agreement and the other Basic Documents to which it is a party and to carry out its their respective terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust Issuer, and the Depositor has shall have duly authorized such sale and assignment and deposit to the Trust Issuer by all necessary corporate action; and the execution, delivery and performance of this Agreement has and the other Basic Documents to which the Depositor is a party have been duly authorized by the Depositor by all necessary corporate action.

Appears in 1 contract

Samples: Receivables Purchase Agreement (National City Bank /)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and the other Basic Documents to which it is a party and to carry out its their respective terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust Issuer, and the Depositor has shall have duly authorized such sale and assignment and deposit to the Trust Issuer by all necessary corporate action; and the execution, delivery and performance of this Agreement has and the other Basic Documents to which the Depositor is a party have been and will be duly authorized by the Depositor by all necessary corporate action.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Hyundai Abs Funding Corp)

Power and Authority. The Depositor has the corporate power and authority to execute execute, deliver and deliver this Agreement and to carry out perform its terms; obligations under the Depositor Basic Documents. The Depositor has full the power and authority to sell sell, assign, transfer and assign convey the property to be sold and assigned transferred to and deposited with the Trust Issuer and the Depositor has duly authorized such sale sale, assignment, transfer and assignment and deposit to the Trust conveyance by all necessary limited liability company action; and the execution, delivery and performance of this Agreement and each other Depositor Basic Document has been duly authorized by the Depositor by all necessary limited liability company action.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2009-1)

Power and Authority. The Depositor has the corporate power and ------------------- authority to execute and deliver this Agreement and to carry out its terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust Issuer and the Depositor has Seller and shall have duly authorized such sale and assignment and deposit to the Trust Issuer by all necessary corporate action; and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor Seller by all necessary corporate action.

Appears in 1 contract

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

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the . The Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with as part of the Owner Trust Estate and the Depositor has duly authorized such sale and assignment and deposit to the Trust by all (Nissan 2004-C Amended & Restated Trust Agreement) necessary corporate action; and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary corporate action.

Appears in 1 contract

Samples: Trust Agreement (Nissan Auto Receivables 2004-C Owner Trust)

Power and Authority. The Depositor has the corporate power power, authority and authority legal right to execute and deliver this Agreement and the Basic Documents to which it is a party and to carry out its terms; the Depositor has full power their respective terms and authority to sell and assign the property to be sold and assigned to and deposited with Owner Trustee as the Owner Trust and the Depositor has duly authorized such sale and assignment and deposit to the Trust by all necessary actionEstate; and the execution, delivery and performance of this Agreement has and the Basic Documents to which it is a party have been duly authorized by the Depositor by all necessary action.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Bond Securitization LLC)

Power and Authority. The Depositor has the corporate [corporate] power and authority to execute and deliver this Agreement and to carry out its terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust and the Depositor has duly authorized such sale and assignment and deposit to the Trust by all necessary [corporate] action; and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary [corporate] action.

Appears in 1 contract

Samples: Trust Agreement (AFS Funding Trust)

Power and Authority. (i) The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; (ii) the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust and the Depositor has duly authorized such sale and assignment and deposit to the Trust by all necessary action; and (iii) the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary action.

Appears in 1 contract

Samples: Trust Agreement (Bond Securitization LLC)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; terms and the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Issuer as part of the Trust Estate, and the Depositor has duly authorized such sale and assignment and deposit to the Trust Issuer by all necessary limited liability company action; and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary actionDepositor.

Appears in 1 contract

Samples: Trust Agreement (Bank One Auto Securitization Trust 2003-1)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; terms and the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust Issuer, and the Depositor has duly authorized such sale and assignment and deposit to the Trust Issuer by all necessary action; and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary actionDepositor.

Appears in 1 contract

Samples: Trust Agreement (Bank One Auto Securitization LLC)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the Depositor has full power had at all relevant times, and has, the power, authority and legal right to sell acquire and assign own the property to be sold and assigned to and deposited with the Trust and the Depositor has duly authorized such sale and assignment and deposit to the Trust by all necessary actionReceivables; and the execution, delivery and performance of this Agreement has have been duly authorized by the Depositor by all necessary corporate action.

Appears in 1 contract

Samples: Receivables Transfer Agreement (Deutsche Recreational Asset Funding Corp)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its respective terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust Issuer, and the Depositor has shall have duly authorized such sale and assignment and deposit to the Trust Issuer by all necessary corporate action; and the execution, delivery and performance of this Agreement has been been, duly authorized by the Depositor by all necessary corporate action.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Citigroup Vehicle Securities Inc)

Power and Authority. The Depositor has shall have the corporate power and authority to execute and deliver this Agreement and to carry out its terms; , the Depositor has shall have full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trustee as part of the Trust and the Depositor has shall have duly authorized such sale and assignment and deposit to the Trust Trustee by all necessary corporate action; and the execution, delivery delivery, and performance of this Agreement has shall have been duly authorized by the Depositor by all necessary corporate action.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bay View Deposit CORP)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the . The Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust and the Depositor has duly authorized such sale and assignment and deposit to the Trust by all necessary action; and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary action.and

Appears in 1 contract

Samples: Trust Agreement (Nissan Auto Receivables Corp Ii)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its respective terms; the Depositor has full power and authority to sell transfer and assign the property to be sold transferred and assigned to and deposited with the Trust and the Depositor has duly authorized such sale and assignment and deposit to the Trust by all necessary action; and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary action.and

Appears in 1 contract

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

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the . The Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with as part of the Owner Trust Estate and the Depositor has duly authorized such sale and assignment and deposit to the Trust by all necessary corporate action; and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary corporate action.. (Nissan 2007-B Amended & Restated Trust Agreement)

Appears in 1 contract

Samples: Trust Agreement (Nissan Auto Receivables Corp Ii)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and the Basic Documents and to carry out its terms and their terms, respectively; the Depositor has full power and authority to sell and assign the property Receivables and the Other Conveyed Property to be sold and assigned to and deposited with the Trust by it and the Depositor has duly authorized such sale and assignment and deposit to the Trust by all necessary action; and the execution, delivery and performance of this Agreement has and the Basic Documents to which it is a party have been duly authorized by the Depositor by all necessary action.

Appears in 1 contract

Samples: Sale and Servicing (Triad Automobile Receivables Trust 2003-B)

Power and Authority. The Depositor has the corporate trust power and authority to execute and deliver this Agreement and to carry out its terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust Trust, and the Depositor has duly authorized such sale and assignment and deposit to the Trust by all necessary trust action; and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary trust action.

Appears in 1 contract

Samples: Trust Agreement (National Auto Finance Co Inc)

Power and Authority. The Depositor has the corporate power and authority to execute and deliver this Agreement and Agreement, to carry out its terms; terms and to consummate the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust and the Depositor has duly authorized such sale and assignment and deposit to the Trust by all necessary action; transactions contemplated herein, and the execution, delivery and performance of this Agreement has and the consummation of the transactions contemplated herein have been duly authorized by the Depositor by all necessary actioncompany action on the part of the Depositor.

Appears in 1 contract

Samples: Trust Sale and Servicing Agreement (Ally Wholesale Enterprises LLC)

Power and Authority. The Depositor has the corporate company power and authority to execute and deliver this Agreement and to carry out its terms; the Depositor has full power and authority to sell and assign the property to be sold and assigned to and deposited with the Trust and the Depositor has duly authorized such sale and assignment and deposit to the Trust by all necessary company action; and the execution, delivery and performance of this Agreement has been duly authorized by the Depositor by all necessary company action.

Appears in 1 contract

Samples: Trust Agreement (Securitized Asset Backed Receivables LLC)

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