Common use of Power and Authority Clause in Contracts

Power and Authority. The Servicer has the power and authority to execute and deliver this Agreement and the other Basic Documents to which it is a party and to carry out their respective terms; and the execution, delivery and performance of this Agreement and the other Basic Documents to which it is a party have been duly authorized by the Servicer by all necessary action.

Appears in 41 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 2016-A)

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Power and Authority. The Servicer has the power and authority to execute and deliver this Agreement and the other Basic Documents to which it is a party and to carry out their respective terms; , and the execution, delivery and performance of this Agreement and the other Basic Documents to which it is a party have been duly authorized by the Servicer by all necessary corporate action.

Appears in 32 contracts

Samples: Sale and Servicing Agreement (Mmca Auto Receivables Trust), Sale and Servicing Agreement (Mmca Auto Owner Trust 2001 2), Sale and Servicing Agreement (Mmca Auto Owner Trust 2001-3)

Power and Authority. The Servicer has the power and authority to execute and deliver this Agreement and the other Basic Documents to which it is a party and to carry out their respective terms; and the execution, delivery delivery, and performance of this Agreement and the other Basic Documents to which it is a party shall have been duly authorized authorized, executed and delivered by the Servicer by all necessary corporate action.

Appears in 28 contracts

Samples: Sale and Servicing Agreement (Usaa Federal Savings Bank Usaa Auto Owner Trust 2001-1), Sale and Servicing Agreement (Usaa Federal Savings Bank), Sale and Servicing Agreement (USAA Auto Owner Trust 2006-1)

Power and Authority. The Servicer has the 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 terms and their respective terms; , respectively, and the execution, delivery and performance of this Agreement and the other Servicer’s Basic Documents to which it is a party have been duly authorized by the Servicer by all necessary corporate action.;

Appears in 24 contracts

Samples: Sale and Servicing (AFS SenSub Corp.), Sale and Servicing (GM Financial Consumer Automobile Receivables Trust 2019-4), Sale and Servicing (GM Financial Consumer Automobile Receivables Trust 2020-1)

Power and Authority. The Servicer has the power power, authority and authority legal right to execute and deliver this Agreement and the other Basic Documents to which it is a party and to carry out their respective terms; and the execution, delivery and performance of this Agreement and the other Basic Documents to which it is a party have been duly authorized by the Servicer by all necessary corporate action.

Appears in 24 contracts

Samples: Sale and Servicing (M&i Dealer Auto Securitization LLC), Sale and Servicing Agreement (Bas Securitization LLC), Sale and Servicing Agreement (Amsouth Auto Receivables LLC)

Power and Authority. The Servicer has the power and authority to execute and deliver this Agreement and the other Basic Documents to which it is a party and to carry out their respective termsthe terms thereof; and the execution, delivery delivery, and performance of this Agreement and the other Basic Documents to which it is a party have has been duly authorized by the Servicer by all necessary action.

Appears in 18 contracts

Samples: Sale and Servicing Agreement (Chase Manhattan Auto Trust 2004-A), Sale and Servicing Agreement (Chase Manhattan Bank Usa), Sale and Servicing Agreement (Chase Manhattan Bank Usa)

Power and Authority. The Servicer has shall have the power and authority to execute and deliver this Agreement and the other Basic Documents to which it is a party and to carry out their respective terms; , and the execution, delivery and performance of this Agreement and the other Basic Documents to which it is a party shall have been duly authorized authorized, executed and delivered by the Servicer by all necessary corporate action.

Appears in 16 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Receivables Two L P), Sale and Servicing Agreement (Ford Credit Auto Receivables Two L P), Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC)

Power and Authority. The Servicer has the power power, authority and authority legal right to execute and deliver this Agreement and the other Basic Documents Related Agreements to which it is a party and to carry out their respective terms; and the execution, delivery and performance of this Agreement and the other Basic Documents Related Agreements to which it is a party have been duly authorized by the Servicer by all necessary corporate action.

Appears in 13 contracts

Samples: Pooling and Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Pooling and Servicing Agreement (Citizens Auto Receivables, LLC), Pooling and Servicing Agreement (Fifth Third Holdings Funding, LLC)

Power and Authority. The Servicer has the power and authority to execute and deliver this Agreement and the other Basic Documents to which it the Servicer is a party and to carry out its terms and their respective terms; , respectively, and the execution, delivery and performance of this Agreement and the other Servicer’s Basic Documents to which it is a party have been duly authorized by the Servicer by all necessary corporate action.

Appears in 12 contracts

Samples: Sale and Servicing (GM Financial Consumer Automobile Receivables Trust 2024-2), Sale and Servicing (GM Financial Consumer Automobile Receivables Trust 2024-2), Sale and Servicing (Afs Sensub Corp.)

Power and Authority. The Servicer has the corporate power and authority to execute and deliver this Agreement and the each other Basic Documents Transaction Document to which it the Servicer is a party and to carry out their respective terms; its terms and the terms of the Advisory Agreement. The Servicer has duly authorized (i) the execution, delivery and performance of this Agreement and the each other Basic Documents Transaction Document to which it the Servicer is a party have been duly authorized by and (ii) the Servicer performance of the Advisory Agreement, in each case by all necessary requisite corporate action.

Appears in 9 contracts

Samples: Loan and Servicing Agreement (Prospect Capital Corp), Loan and Servicing Agreement (Prospect Capital Corp), Loan and Servicing Agreement (Prospect Capital Corp)

Power and Authority. The Servicer 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 their respective terms; , and the execution, delivery and performance of this Agreement and the other Basic Documents to which it is a party have been duly authorized by the Servicer by all necessary corporate action.;

Appears in 9 contracts

Samples: Sale and Servicing Agreement (Triad Financial Special Purpose LLC), Sale and Servicing Agreement (Triad Financial Special Purpose LLC), Sale and Servicing Agreement (Triad Financial Special Purpose LLC)

Power and Authority. The Servicer has the power and authority to execute execute, deliver and deliver perform its obligations under this Agreement and the other Basic Transaction Documents to which it is a party and to carry out their respective terms; party, and the execution, delivery and performance of this Agreement and the other Basic Transaction Documents to which it the Servicer is a party have been duly authorized by the Servicer by all necessary corporate action.

Appears in 8 contracts

Samples: Sale and Servicing Agreement (CarMax Auto Owner Trust 2004-2), Sale and Servicing Agreement (CarMax Auto Owner Trust 2004-1), Sale and Servicing Agreement (Carmax Auto Funding LLC)

Power and Authority. The Servicer has shall have the power and authority to execute and deliver this Agreement and the other Basic Documents to which it is a party and to carry out their respective terms; , and the execution, delivery and performance of this Agreement and the other Basic Documents to which it is a party shall have been duly authorized by the Servicer by all necessary corporate action.

Appears in 7 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Receivables Two L P), Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC), Sale and Servicing Agreement (Ford Motor Credit Co)

Power and Authority. The Servicer has the power and authority to execute and deliver this Agreement and the other Basic Transaction Documents to which it is a party and to carry out their respective terms; and the execution, delivery and performance of this Agreement and the other Basic Transaction Documents to which it is a party have been duly authorized by the Servicer by all necessary action.;

Appears in 6 contracts

Samples: Sale and Servicing Agreement (Santander Drive Auto Receivables Trust 2007-3), Sale and Servicing Agreement (Drive Auto Receivables LLC), Sale and Servicing Agreement (Drive Auto Receivables LLC)

Power and Authority. The Servicer has the power and authority to execute and deliver this Agreement and the other Basic Documents to which it is a party and to carry out their respective terms; , and the execution, delivery and performance of this Agreement and the other Basic Documents to which it is a party have been duly authorized authorized, executed and delivered by the Servicer by all necessary corporate action.

Appears in 6 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC), Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC), Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC)

Power and Authority. The Servicer has the power and authority to execute and deliver this Agreement and the other Basic Documents to which it is a party and to carry out their respective terms; and the execution, delivery and performance of this Agreement and the other Basic Documents to which it is a party have been duly authorized by the Servicer by all necessary corporate action.;

Appears in 5 contracts

Samples: Sale and Servicing Agreement (First Merchants Acceptance Corp), Sale and Servicing Agreement (First Merchants Acceptance Corp), Sale and Servicing Agreement (First Merchants Acceptance Corp)

Power and Authority. The Servicer has the power and authority to execute and deliver this Agreement and the other Basic Documents to which it is a party and to carry out their respective terms; and the execution, delivery delivery, and performance of this Agreement and the other Basic Documents to which it is a party have has been duly authorized by the Servicer by all necessary action.

Appears in 5 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 (Chase Auto Owner Trust 2005-B)

Power and Authority. The Servicer has the power and authority to execute and deliver this Agreement and the other Basic Related Documents to which it is a party and to carry out its terms and their respective terms; , respectively, and the execution, delivery and performance of this Agreement and the other Basic Related Documents to which it the Servicer is a party have been duly authorized by the Servicer by all necessary corporate action.

Appears in 5 contracts

Samples: Sale and Servicing Agreement (HSBC Auto Receivables Corp), Sale and Servicing Agreement (HSBC Automotive Trust (USA) 2006-3), Sale and Servicing Agreement (HSBC Automotive Trust (USA) 2007-1)

Power and Authority. The Servicer has the full power and authority to execute and deliver this Agreement and the other Basic Transaction Documents to which it is a party and to carry out its terms and their respective terms; , respectively, and the execution, delivery and performance of this Agreement and the other Basic Transaction Documents to which it is a party have been duly authorized by the Servicer by all necessary corporate action.;

Appears in 5 contracts

Samples: Servicing and Custodian Agreement (Americredit Corp), Servicing and Custodian Agreement (Americredit Corp), Servicing and Custodian Agreement (Americredit Corp)

Power and Authority. The Servicer has the power and authority to execute and deliver this Agreement and the other Basic Documents to which it is a party and to carry out their respective terms; and the execution, delivery delivery, and performance of this Agreement and the other Basic Documents to which it is a party shall have been duly authorized authorized, executed and delivered by the Servicer by all necessary corporate action.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Usaa Acceptance LLC), Sale and Servicing Agreement (USAA Auto Owner Trust 2007-2), Sale and Servicing Agreement (USAA Auto Owner Trust 2007-1)

Power and Authority. The Servicer has the power and authority to execute and deliver this Agreement and the other Basic Transaction Documents to which it the Servicer is a party and to carry out its terms and their respective terms; , respectively, and the execution, delivery and performance of this Agreement and the other Basic Transaction Documents to which it the Servicer is a party have been duly authorized by the Servicer by all necessary corporate action.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Bay View Capital Corp), Sale and Servicing Agreement (Americredit Corp), Sale and Servicing Agreement (Bay View Capital Corp)

Power and Authority. The Servicer has the limited partnership power and authority to execute and deliver this Agreement and the other Basic Documents to which it is a party and to carry out their respective terms; and the execution, delivery delivery, and performance of this Agreement and the other Basic Documents to which it is a party have been duly authorized authorized, executed and delivered by the Servicer by all necessary limited partnership action.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (GS Auto Loan Trust 2005-1), Sale and Servicing Agreement (Gs Auto Loan Trust 2004-1), Sale and Servicing Agreement (GS Auto Loan Trust 2006-1)

Power and Authority. The Servicer has the power and authority authority, and the legal right, to execute execute, deliver and deliver perform this Loan Agreement and the each other Basic Documents Loan Document to which it is a party and to carry out their respective termsparty; and the execution, delivery and performance of this Loan Agreement and the each other Basic Documents Loan Document to which it is a party have been duly authorized by the Servicer by all necessary actionaction (corporate and other).

Appears in 3 contracts

Samples: Secured Loan Agreement (LEAF Equipment Leasing Income Fund III, L.P.), Secured Loan Agreement (Lease Equity Appreciation Fund II, L.P.), Secured Loan Agreement (Lease Equity Appreciation Fund I Lp)

Power and Authority. The Servicer has the power and authority to execute execute, deliver and deliver perform its obligations under this Agreement and the each other Basic Documents Document to which it is a party and to carry out their respective termsparty; and the execution, delivery and performance of this Agreement and the each other Basic Documents Document to which it is a party have been duly authorized by the Servicer by all necessary action.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Wachovia Auto Owner Trust 2004-B), Sale and Servicing Agreement (Wachovia Auto Owner Trust 2005-A), Sale and Servicing Agreement (Pooled Auto Securities Shelf LLC)

Power and Authority. The Servicer has the power and authority to execute and deliver this Agreement and the other Basic Documents to which it is a party and to carry out their respective terms; , and the execution, delivery and performance of this Agreement and the other Basic Documents to which it is a party have been duly authorized by the Servicer by all necessary corporate action.. (d)

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Mmca Auto Receivables Inc), Sale and Servicing Agreement (Mmca Auto Receivables Inc), Sale and Servicing Agreement (Mmca Auto Receivables Inc)

Power and Authority. The Servicer has the full power and ------------------- authority to execute and deliver this Agreement and the other Basic Transaction Documents to which it is a party and to carry out its terms and their respective terms; , respectively, and the execution, delivery and performance of this Agreement and the other Basic Transaction Documents to which it is a party have been duly authorized by the Servicer by all necessary corporate action.;

Appears in 3 contracts

Samples: Servicing and Custodian Agreement (Americredit Corp), Servicing and Custodian Agreement (Americredit Corp), Servicing and Custodian Agreement (Americredit Corp)

Power and Authority. The Servicer has the 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 terms and their respective terms; , respectively, and the execution, delivery and performance of this Agreement and the other Basic Documents to which it is a party have been duly authorized by the Servicer by all necessary limited liability company action.;

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Consumer Portfolio Services Inc), Sale and Servicing Agreement (MFN Financial Corp)

Power and Authority. The Servicer has the power power, authority and authority legal right to execute and deliver this Agreement and the other Basic Documents to which it is a party and to carry out their respective terms; and the execution, delivery and performance of this Agreement and the other Basic Documents to which it is a party have been duly authorized by the Servicer by all necessary corporate action.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Asset Backed Securities Corp), Sale and Servicing Agreement (Compass Auto Receivables Trust 1998-A)

Power and Authority. The Servicer has the 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 terms and their respective terms; , respectively, and the execution, delivery and performance of this Agreement and the other Basic Documents to which it is a party have been duly authorized by the Servicer by all necessary corporate action.;

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Consumer Portfolio Services Inc), Sale and Servicing Agreement (Consumer Portfolio Services Inc)

Power and Authority. The Servicer has the power power, authority and authority legal right to execute and deliver this Agreement and the other Basic Documents Related Agreements to which it is a party and to carry out their respective terms; and the execution, delivery and performance of this Agreement and the other Basic Documents Related Agreements to which it is a party have been duly authorized by the Servicer by all necessary banking action.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Usaa Acceptance LLC), Pooling and Servicing Agreement (Usaa Acceptance LLC)

Power and Authority. The Servicer has the power and authority to execute and deliver this Agreement and the other Basic Transaction Documents to which it is a party and to carry out its terms and their respective terms; , respectively, and the execution, delivery and performance of this Agreement and the other Basic Transaction Documents to which it the Servicer is a party have been duly authorized by the Servicer by all necessary corporate action.;

Appears in 2 contracts

Samples: Receivables Funding Agreement (Americredit Corp), Receivables Funding Agreement (Americredit Corp)

Power and Authority. The Servicer has the power power, authority and authority legal right to execute and deliver this Agreement and the other Basic Loan Documents to which it is a party (in any capacity) and to carry out their respective termsperform its obligations hereunder and thereunder; and the execution, delivery and performance of this Agreement and the other Basic Loan Documents to which it is a party (in any capacity) have been duly authorized by the Servicer by all necessary organizational action.

Appears in 2 contracts

Samples: Credit Agreement (Nuveen Churchill Private Capital Income Fund), Credit Agreement (Nuveen Churchill Private Capital Income Fund)

Power and Authority. The Servicer has the 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 terms and their respective terms, respectively; and the execution, delivery delivery, and performance of this Agreement and the other Basic Documents basic documents to which it is a party have has been duly authorized by the Servicer by all necessary corporate action.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Consumer Portfolio Services Inc)

Power and Authority. The Servicer has the power power, authority and authority legal right to execute and deliver this Agreement the Transfer and the other Basic Documents Servicing Agreements to which it is a party and to carry out their the respective termsterms of such agreements; and the execution, delivery and performance of this Agreement the Transfer and the other Basic Documents Servicing Agreements to which it is a party have has been duly authorized by the Servicer by all necessary corporate action.

Appears in 1 contract

Samples: Sale and Servicing Agreement (First Security Bank Na)

Power and Authority. The Servicer has the power and authority to execute ------------------- execute, deliver and deliver perform its obligations under this Agreement and the other Basic Transaction Documents to which it is a party and to carry out their respective terms; party, and the execution, delivery and performance of this Agreement and the other Basic Transaction Documents to which it the Servicer is a party have been duly authorized by the Servicer by all necessary corporate action.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Pooled Auto Securities Shelf LLC)

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Power and Authority. The Servicer has the power and authority to execute and deliver this Agreement and the other Basic Transaction Documents to which it is a party (in any capacity) and to carry out its terms and their respective terms; , respectively, and the execution, delivery and performance of this Agreement and the other Basic Transaction Documents to which it is a party (in any capacity) have been duly authorized by the Servicer by all necessary corporate action.;

Appears in 1 contract

Samples: Receivables Financing Agreement (Arcadia Financial LTD)

Power and Authority. The Servicer has the power and authority to execute and deliver this Agreement and the other Basic Documents to which it is a party and to carry out their respective its terms; and the execution, delivery and performance of this Agreement and the other Basic Documents to which it is a party have been duly authorized by the Servicer by all necessary action.and

Appears in 1 contract

Samples: Secured Credit Line Agreement (Dvi Inc)

Power and Authority. The Servicer has the power and ------------------- authority to execute execute, deliver and deliver perform its obligations under this Agreement and the other Basic Transaction Documents to which it is a party and to carry out their respective terms; party, and the execution, delivery and performance of this Agreement and the other Basic Transaction Documents to which it the Servicer is a party have been duly authorized by the Servicer by all necessary corporate action.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Pooled Auto Securities Shelf LLC)

Power and Authority. The Servicer has the power and authority ------------------- to execute and deliver this Agreement and the other Basic Documents to which it is a party and to carry out their respective terms; and the execution, delivery and performance of this Agreement and the other Basic Documents to which it is a party have been duly authorized by the Servicer by all necessary corporate action.

Appears in 1 contract

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

Power and Authority. The Servicer has the 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 terms and their respective terms, respectively; and the execution, delivery delivery, and performance of this Agreement and the other Basic Documents to which it is a party have has been duly authorized by the Servicer by all necessary corporate action.

Appears in 1 contract

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

Power and Authority. The Servicer has the power and authority to execute and deliver this Agreement and the other Basic Documents to which it is a party and to carry out their respective termsperform its obligations hereunder and thereunder; and the execution, delivery and performance of this Agreement and the other Basic Documents to which it is a party have been duly authorized by the Servicer by all necessary action.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Textron Financial Corp)

Power and Authority. The Servicer has the power and authority to execute and deliver this Agreement and the other Basic Transaction Documents to which it is a party and to carry out their respective termsthe terms of such agreements; and the Servicer’s execution, delivery and performance of this Agreement and the such other Basic Transaction Documents to which it is a party have been duly authorized by the Servicer by all necessary corporate action.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Golub Capital BDC LLC)

Power and Authority. The Servicer has the power and authority to execute and deliver this Agreement and the other Basic Loan Documents to which it is a party and to carry out its terms and their respective terms; , respectively, and the execution, delivery and performance of this Agreement and the other Basic Loan Documents to which it is a party have been duly authorized by the Servicer by all necessary corporate action.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Consumer Portfolio Services Inc)

Power and Authority. The Servicer has the power and authority to execute and deliver this Agreement and the other Basic Transaction Documents to which it is a party and to carry out its terms and their respective terms; , respectively, and the execution, delivery and performance of this Agreement and the other Basic Transaction Documents to which it is a party have been duly authorized by the Servicer by all necessary corporate action.;

Appears in 1 contract

Samples: Receivables Financing Agreement (Acc Consumer Finance Corp)

Power and Authority. The Servicer (i) has the power all necessary power, authority and authority legal right to (A) execute and deliver this Agreement and each other Transaction Document to which it is a party, (B) carry out the terms of this Agreement and each other Basic Documents Transaction Document to which it is a party and to carry out their respective terms; and (ii) has been duly authorized by all necessary corporate action required for the execution, delivery and performance of this Agreement and the each other Basic Documents Transaction Document to which it is a party have been duly authorized by the Servicer by all necessary actionparty.

Appears in 1 contract

Samples: Securities Funding Agreement (Union Acceptance Corp)

Power and Authority. The Servicer has the 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 terms and their respective terms; , respectively, and the execution, delivery and performance of this Agreement and the other Basic Documents to which it is a party have been duly authorized by the Servicer by all necessary corporate action.. Annex-35

Appears in 1 contract

Samples: Sale and Servicing Agreement (Silverleaf Resorts Inc)

Power and Authority. The Servicer (i) has the power all necessary power, authority and authority legal right to (A) execute and deliver this Agreement and the other Basic Transaction Documents to which it is a party, (B) carry out the terms of this Agreement and the other Transaction Documents to which the Servicer is a party and to carry out their respective terms; and (ii) has been duly authorized by all necessary corporate action required for the execution, delivery and performance of this Agreement and the other Basic Tra nsaction Documents to which it is a party have been duly authorized by the Servicer by all necessary action.party;

Appears in 1 contract

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

Power and Authority. The Servicer has the power and authority to execute and deliver this Agreement and the other Basic Transaction Documents to which it is a party (in any capacity) and to carry out its terms and their respective terms, respectively; and the execution, delivery and performance of this Agreement and the other Basic Transaction Documents to which it the Servicer is a party (in any capacity) have been duly authorized by the Servicer by all necessary limited liability company action.;

Appears in 1 contract

Samples: Receivables Financing Agreement (MFN Financial Corp)

Power and Authority. The Servicer has the power and authority to execute and deliver and perform this Loan Agreement and the each other Basic Documents Loan Document to which it is a party party; 29 Warehouse and to carry out their respective terms; Security Agreement and the execution, delivery delivery, and performance of this Loan Agreement and the each other Basic Documents Loan Document to which it is a party have been duly authorized by the Servicer by all necessary action.

Appears in 1 contract

Samples: Warehouse and Security Agreement (Financial Pacific Co)

Power and Authority. The Servicer has shall have the power and authority to execute and deliver this Agreement and the other Basic Documents to which it is a party and to carry out their respective terms; , and the execution, delivery and performance of this Agreement and the other Basic Documents to which it is a party shall have been duly authorized by the Servicer by all necessary action.been

Appears in 1 contract

Samples: Sale and Servicing Agreement (Ford Credit Auto Receivables Two L P)

Power and Authority. The Servicer has the power ------------------- power, authority and authority legal right to execute and deliver this Agreement the Transfer and the other Basic Documents Servicing Agreements to which it is a party and to carry out their the respective termsterms of such agreements; and the execution, delivery and performance of this Agreement the Transfer and the other Basic Documents Servicing Agreements to which it is a party have has been duly authorized by the Servicer by all necessary corporate action.

Appears in 1 contract

Samples: Sale and Servicing Agreement (First Security Bank Na)

Power and Authority. The Servicer has the 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 terms and their respective terms; , respectively, and the execution, delivery and performance of this Agreement and the other Basic Documents to which it is a party have been duly authorized by the Servicer by all necessary corporate action.

Appears in 1 contract

Samples: Sale and Servicing (Silverleaf Resorts Inc)

Power and Authority. The Servicer has the power and authority to execute and deliver this Agreement and the other Basic Documents to which it is a party and to carry out their respective terms; , and the execution, delivery and performance of this Agreement and the other Basic Documents to which it is a party have been duly authorized by the Servicer by all necessary corporate action.;

Appears in 1 contract

Samples: Sale and Servicing (Triad Automobile Receivables Trust 2004-A)

Power and Authority. The Servicer has the corporate power and authority to execute and deliver this Agreement and the any other Basic Documents Loan Document to which it is a party and to carry out their respective terms; and the execution, delivery delivery, and performance of this Agreement and any other Loan Document to which it is a party has been duly authorized by the Servicer by all necessary corporate action and this Agreement and any other Basic Documents Loan Document to which it is a party have been duly authorized executed and delivered by the Servicer by all necessary actionServicer.

Appears in 1 contract

Samples: Servicing Agreement (Interpool Inc)

Power and Authority. The Servicer has the power and authority to execute and deliver this Agreement and the other Basic Transaction Documents to which it is a party and to carry out its terms and their respective terms; , respectively, and the execution, delivery and performance of this Agreement and the other Basic Transaction Documents to which it is a party have been duly authorized by the Servicer by all necessary corporate action.

Appears in 1 contract

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

Power and Authority. The Each of the Servicer and the Special Servicer, as applicable, has the power and authority to execute and deliver this Agreement and the other Basic Documents to which it is a party and to carry out their respective terms; and the execution, delivery and performance of this Agreement and the other Basic Documents to which it is a party have been duly authorized by the Servicer or the Special Servicer, as applicable, by all necessary corporate action; and this Agreement and such other Basic Documents have been duly executed and delivered by the Servicer or the Special Servicer, as applicable.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Allied Capital Corp)

Power and Authority. The Servicer has the corporate power and authority to execute and deliver this Agreement and the other Basic Transaction Documents to which it the Servicer is a party and to carry out their respective terms; and . The Servicer has duly authorized the execution, delivery and performance of this Agreement and the other Basic Transaction Documents to which it the Servicer is a party have been duly authorized by the Servicer by all necessary requisite corporate action. The execution, delivery and performance of the Transaction Documents does not contravene the Servicer's Certificate of Incorporation or by-laws.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Fidelity Leasing Inc)

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