Common use of Power and Authority Clause in Contracts

Power and Authority. The Transferor shall have the power and authority to execute and deliver this Agreement and to carry out its terms; and the execution, delivery and performance of this Agreement shall have been duly authorized by the Transferor by all necessary corporate action.

Appears in 95 contracts

Samples: Certificate Transfer Agreement (BMW Vehicle Lease Trust 2023-2), Certificate Transfer Agreement (BMW Vehicle Lease Trust 2009-1), Certificate Transfer Agreement (BMW Vehicle Lease Trust 2016-2)

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Power and Authority. The Transferor Transferee shall have the power and authority to execute and deliver this Agreement and to carry out its terms; and the execution, delivery and performance of this Agreement shall have been duly authorized by the Transferor Transferee by all necessary corporate action.

Appears in 95 contracts

Samples: Certificate Transfer Agreement (BMW Auto Leasing LLC), Certificate Transfer Agreement (BMW Vehicle Lease Trust 2010-1), Certificate Transfer Agreement (BMW Vehicle Lease Trust 2021-1)

Power and Authority. The Transferor shall have Transferee has the power and the authority to execute and deliver this Agreement and to carry out its terms; and the execution, delivery and performance of this Agreement shall have has been duly authorized by the Transferor Transferee by all necessary corporate action.

Appears in 65 contracts

Samples: Transfer Agreement (Nissan Auto Lease Trust 2015-B), Transfer Agreement (Nissan Auto Leasing LLC Ii), Transfer Agreement (Nissan Auto Lease Trust 2013-A)

Power and Authority. The Transferor shall have has the power and the authority to execute and deliver this Agreement and to carry out its terms; and the execution, delivery delivery, and performance of this Agreement shall have has been duly authorized by the Transferor by all necessary corporate actionacts.

Appears in 26 contracts

Samples: Transfer Agreement (Nissan Auto Leasing LLC Ii), Transfer Agreement (Nissan Auto Lease Trust 2015-B), Transfer Agreement (Nissan Auto Leasing LLC Ii)

Power and Authority. The Transferor shall have Transferee has the power and the authority to execute and deliver this Agreement and to carry out its terms; and the execution, delivery delivery, and performance of this Agreement shall have has been duly authorized by the Transferor Transferee by all necessary corporate actionacts.

Appears in 26 contracts

Samples: Transfer Agreement (Nissan-Infiniti Lt), Transfer Agreement (Nissan Auto Lease Trust 2017-B), Transfer Agreement (Nissan Auto Leasing LLC Ii)

Power and Authority. The Transferor shall have Transferee has the power and authority to execute and deliver this Agreement and to carry out its terms; and the execution, delivery delivery, and performance of this Agreement shall have has been duly authorized by the Transferor Transferee by all necessary corporate action.

Appears in 21 contracts

Samples: Certificate Transfer Agreement (Nissan Auto Lease Trust 2010-B), Certificate Transfer Agreement (Nissan Auto Lease Trust 2011-A), Certificate Transfer Agreement (Nissan Auto Lease Trust 2009-B)

Power and Authority. The Transferor shall have has the power and authority to execute and deliver this Agreement and to carry out its terms; and the execution, delivery delivery, and performance of this Agreement shall have has been duly authorized by the Transferor by all necessary corporate action.

Appears in 20 contracts

Samples: Certificate Transfer Agreement (Nissan Auto Leasing LLC Ii), Certificate Transfer Agreement (Nissan Auto Lease Trust 2011-A), Certificate Transfer Agreement (Nissan Auto Lease Trust 2011-B)

Power and Authority. The Transferor shall have Transferee has the power and the authority to execute and deliver this Agreement and to carry out its terms; and the execution, delivery delivery, and performance of this Agreement shall have has been duly authorized by the Transferor Transferee by all necessary corporate action.

Appears in 13 contracts

Samples: Series Certificate Sale Agreement (Nissan Auto Leasing LLC Ii), Series Certificate Sale Agreement (Nissan Auto Lease Trust 2021-A), Series Certificate Sale Agreement (Nissan Auto Lease Trust 2022-A)

Power and Authority. The Transferor shall have has the power and the authority to execute and deliver this Agreement and to carry out its terms; and the execution, delivery and performance of this Agreement shall have has been duly authorized by the Transferor by all necessary corporate action.

Appears in 8 contracts

Samples: Series Certificate Sale Agreement (Nissan Auto Leasing LLC Ii), Series Certificate Sale Agreement (Nissan Auto Leasing LLC Ii), Series Certificate Sale Agreement (Nissan Auto Leasing LLC Ii)

Power and Authority. The Transferor shall have Transferee has the power and authority to execute and deliver this Agreement and to carry out its terms; and the execution, delivery delivery, and performance of this Agreement shall have has been duly authorized by the Transferor Transferee by all necessary corporate actionacts.

Appears in 6 contracts

Samples: Transfer Agreement (Nissan Auto Lease Trust 2013-A), Transfer Agreement (Nissan Auto Lease Trust 2012-B), Transfer Agreement (Nissan Auto Lease Trust 2012-A)

Power and Authority. The Transferor shall have has the power and authority to execute and deliver this Agreement and to carry out its terms; and the execution, delivery delivery, and performance of this Agreement shall have has been duly authorized by the Transferor by all necessary corporate actionacts.

Appears in 6 contracts

Samples: Transfer Agreement (Nissan Auto Lease Trust 2013-A), Transfer Agreement (Nissan Auto Lease Trust 2012-B), Transfer Agreement (Nissan Auto Lease Trust 2012-B)

Power and Authority. The Transferor Transferee shall have the power and authority to execute and deliver this Agreement and to carry out its terms; the Transferee shall have full power and authority to purchase the property to be purchased and shall have duly authorized such purchase; and the execution, delivery and performance of this Agreement shall have been duly authorized by the Transferor Transferee by all necessary corporate action.

Appears in 4 contracts

Samples: Certificate Transfer Agreement (Toyota Lease Trust), Certificate Transfer Agreement (Toyota Lease Trust), Certificate Transfer Agreement (Toyota Lease Trust)

Power and Authority. The Transferor shall have the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the Transferor shall have full power and authority to sell the property to be sold pursuant to this Agreement; and the execution, delivery and performance of this Agreement shall have been duly authorized by the Transferor by all necessary corporate action.

Appears in 4 contracts

Samples: Certificate Transfer Agreement (Toyota Lease Trust), Certificate Transfer Agreement (Toyota Lease Trust), Certificate Transfer Agreement (Toyota Lease Trust)

Power and Authority. The Transferor shall have has the power and the authority to execute and deliver this Agreement and to carry out its terms; and the execution, delivery delivery, and performance of this Agreement shall have has been duly authorized by the Transferor by all necessary corporate actionacts.

Appears in 4 contracts

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

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Power and Authority. The Transferor shall have Transferee has the power and the authority to execute and deliver this Agreement and to carry out its terms; and the execution, delivery delivery, and performance of this Agreement shall have has been duly authorized by the Transferor Transferee by all necessary corporate actionacts.

Appears in 4 contracts

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

Power and Authority. The Transferor shall have has the full legal right, power and authority to execute enter into and deliver perform its obligations under this Agreement. The execution and delivery of this Agreement and to carry out its terms; and the execution, delivery and performance by Transferor of this Agreement shall his obligations hereunder have been duly authorized by the Transferor by all necessary corporate actionaction properly taken.

Appears in 3 contracts

Samples: Assignment and License Agreement (W270, Inc.), Assignment and License Agreement (Gold Hill Resources, Inc.), Assignment and License Agreement (Gold Hill Resources, Inc.)

Power and Authority. The Transferor shall have has the power and authority to execute and deliver this Agreement and to carry out its terms; and the execution, delivery and performance of this Agreement shall have has been duly authorized by the Transferor by all necessary corporate action.

Appears in 2 contracts

Samples: Transfer Agreement (Ryder Truck Rental Lt), Certificate Transfer Agreement (Ryder Funding Ii Lp)

Power and Authority. The Transferor shall have Transferee has the power and authority to execute and deliver this Agreement and to carry out its terms; terms and the execution, delivery and performance of this Agreement shall have has been duly authorized by the Transferor Transferee by all necessary corporate action.

Appears in 2 contracts

Samples: Certificate Transfer Agreement (Ryder Truck Rental Lt), Certificate Transfer Agreement (Ryder Funding Ii Lp)

Power and Authority. The Transferor shall have has the power and authority to execute and deliver this Agreement and to carry out its terms; terms and the execution, delivery and performance of this Agreement shall have has been duly authorized by the Transferor by all necessary corporate action.

Appears in 2 contracts

Samples: Certificate Transfer Agreement (Ryder Truck Rental Lt), Certificate Transfer Agreement (Ryder Funding Ii Lp)

Power and Authority. The Transferor shall have has the power and authority to execute and deliver this Agreement and to carry out its terms; terms and the execution, delivery delivery, and performance of this the Agreement shall have has been duly authorized by the Transferor by all necessary corporate action.

Appears in 2 contracts

Samples: Trust and Servicing Agreement (Bay View Deposit CORP), Trust and Servicing Agreement (Bay View Transaction Corp)

Power and Authority. The Transferor shall have Transferee has the power and authority to execute and deliver this Agreement and to carry out its terms; and the execution, delivery and performance of this Agreement shall have has been duly authorized by the Transferor Transferee by all necessary corporate action.

Appears in 2 contracts

Samples: Transfer Agreement (Ryder Truck Rental Lt), Certificate Transfer Agreement (Ryder Funding Ii Lp)

Power and Authority. The Transferor shall have the power and authority to execute and deliver this Agreement and to carry out its terms; and the execution, delivery and performance of this Agreement shall have been duly authorized by the Transferor by all necessary corporate action.. (iv)

Appears in 1 contract

Samples: Certificate Transfer Agreement

Power and Authority. The Transferor Transferee shall have the power and authority to execute and deliver this Agreement and to carry out its terms; and the execution, delivery and performance of this Agreement shall have been duly authorized by the Transferor Transferee by all necessary corporate action.. (iv)

Appears in 1 contract

Samples: Certificate Transfer Agreement

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