Common use of Power and Authority Clause in Contracts

Power and Authority. The Seller shall have (i) the power and authority to execute and deliver this Agreement and to carry out its terms, (ii) full power and authority to sell and assign the property to be sold and assigned to and deposited as part of the Trust Estate (other than the funds and investment property on deposit from time to time in the Reserve Account), (iii) duly authorized such sale and assignment to the Issuer, the Owner Trustee or the Indenture Trustee, as the case may be, and (iv) duly authorized by all necessary action the execution, delivery and performance of this Agreement.

Power and Authority. The Seller shall have (i) the corporate power and authority to execute and deliver this Agreement and to carry out its terms, (ii) ; the Seller shall have full power and authority to sell and assign the property to be sold pursuant to this Agreement; and assigned to and deposited as part of the Trust Estate (other than the funds and investment property on deposit from time to time in the Reserve Account), (iii) duly authorized such sale and assignment to the Issuer, the Owner Trustee or the Indenture Trustee, as the case may be, and (iv) duly authorized by all necessary action the execution, delivery and performance of this AgreementAgreement shall have been duly authorized by the Seller by all necessary action.

Power and Authority. The Seller shall have (i) the power and authority to execute and deliver this Agreement and to carry out its terms, (ii) full power and authority to sell and assign the property to be sold and assigned to and deposited as part of the Trust Estate (other than the funds and investment property on deposit from time to time in the Reserve Account), (iii) duly authorized such sale and assignment to the Issuer, the Owner Trustee or the Indenture Trustee, as the case may be, and (iv) duly authorized by all necessary action the execution, delivery and performance of this AgreementAgreement shall have been duly authorized by the Seller by all necessary corporate action.

Power and Authority. The Seller shall have (i) 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 their terms, (ii) . The Seller shall have full power and authority to sell convey and assign the property to be sold conveyed and assigned to and deposited as part of with the Trust Estate (other than the funds Issuer and investment property on deposit from time to time in the Reserve Account), (iii) has duly authorized such sale conveyance and assignment to the Issuer, the Owner Trustee or the Indenture Trustee, as the case may be, and (iv) duly authorized Issuer by all necessary action action; and the execution, delivery delivery, and performance of this AgreementAgreement and the other Basic Documents to which it is a party shall have been duly authorized, executed and delivered by the Seller by all necessary action.

Power and Authority. The Seller shall have (i) the power and authority to execute and deliver this Agreement and to carry out its terms, (ii) ; the Seller shall have full power and authority to sell and assign the property to be sold and assigned to and deposited as part of the Owner Trust Estate (other than or Trust Estate, as the funds case may be, and investment property on deposit from time to time in the Reserve Account), (iii) shall have duly authorized such sale and assignment to the Issuer, the Owner Trustee or the Indenture Trustee, as the case may be, ; and (iv) duly authorized by all necessary action the execution, delivery and performance of this AgreementAgreement shall have been duly authorized by the Seller by all necessary action.

Power and Authority. The Seller shall have (i) the corporate power and authority to execute and deliver this Agreement and to carry out its terms, (ii) ; the Seller shall have full corporate power and authority to sell and assign the property to be sold and assigned to and deposited as part of the Owner Trust Estate (other than or Trust Estate, as the funds case may be, and investment property on deposit from time to time in the Reserve Account), (iii) shall have duly authorized such sale and assignment to the Issuer, the Owner Trustee or the Indenture Trustee, as the case may be, ; and (iv) duly authorized by all necessary action the execution, delivery and performance of this AgreementAgreement shall have been duly authorized by the Seller by all necessary corporate action.

Power and Authority. The Seller shall have (i) the power and authority to execute and deliver this the Agreement and to carry out its terms, (ii) the Seller 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 Estate (other than the funds and investment property on deposit from time to time in the Reserve Account), (iii) shall have duly authorized such sale and assignment to the Issuer, the Owner Trustee or the Indenture Trustee, as the case may be, and (iv) duly authorized by all necessary action corporate action; and the execution, delivery and performance of this Agreementthe Agreement shall have been duly authorized by the Seller by all necessary corporate action.

Power and Authority. The Seller shall have (i) the power and authority to execute and deliver this Agreement and to carry out its terms, (ii) ; the Seller 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 Estate (other than the funds and investment property on deposit from time to time in the Reserve Account), (iii) shall have duly authorized such sale and assignment to the Issuer, the Owner Trustee or the Indenture Trustee, as the case may be, and (iv) duly authorized by all necessary action action; and the execution, delivery and performance of this AgreementAgreement shall have been duly authorized by the Seller by all necessary company action.

Power and Authority. The Seller shall have (i) the power and authority to execute and deliver this Agreement Agreement, the First Tier Subsequent Assignments, the Second Tier Subsequent Assignments and the other Basic Documents to which it is a party and to carry out its their terms, (ii) . The Seller shall have full power and authority to sell convey and assign the property to be sold conveyed and assigned to and deposited as part of with the Trust Estate (other than the funds Issuer and investment property on deposit from time to time in the Reserve Account), (iii) has duly authorized such sale conveyance and assignment to the Issuer, the Owner Trustee or the Indenture Trustee, as the case may be, and (iv) duly authorized Issuer by all necessary action action; and the execution, delivery and performance of this Agreement.delivery,

Power and Authority. The Seller shall have (i) the power and authority to execute and deliver this Agreement and to carry out its terms, (ii) full power and authority to sell and 50 assign the property to be sold and assigned to and deposited as part of the Trust Estate (other than the funds and investment property on deposit from time to time in the Reserve Account), (iii) duly authorized such sale and assignment to the Issuer, the Owner Trustee or the Indenture Trustee, as the case may be, and (iv) duly authorized by all necessary action the execution, delivery and performance of this Agreement.

Power and Authority. The Seller shall have (i) the corporate power and authority to execute and deliver this Agreement and to carry out its terms, (ii) the Seller 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 Estate (other than the funds and investment property on deposit from time to time in the Reserve Account), (iii) shall have duly authorized such sale and assignment to the Issuer, the Owner Trustee or the Indenture Trustee, as the case may be, and (iv) duly authorized by all necessary action corporate action; and the execution, delivery delivery, and performance of this AgreementAgreement shall have been duly authorized by the Seller by all necessary corporate action .

Power and Authority. The Seller shall have (i) the power and authority to execute and deliver this the Agreement and to carry out its terms, (ii) . The Seller 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 Estate (other than the funds and investment property on deposit from time to time in the Reserve Account), (iii) shall have duly authorized such sale and assignment to the IssuerTrustee by all necessary corporate action; and the execution, the Owner Trustee or the Indenture Trustee, as the case may bedelivery, and (iv) performance of the Agreement shall have been duly authorized by the Seller by all necessary action the execution, delivery and performance of this Agreementcorporate action.