Common use of Power, Authorization and Enforceability Clause in Contracts

Power, Authorization and Enforceability. The Indenture Trustee has the power and authority to execute deliver and perform the terms of this Indenture. The Indenture Trustee has authorized the execution, delivery and performance of the terms of this Indenture. This Indenture is the legal, valid and binding obligation of the Indenture Trustee enforceable against the Indenture Trustee, except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to or affecting the enforcement of creditors’ rights or by general equitable principles.

Appears in 105 contracts

Samples: Indenture (Ford Credit Auto Owner Trust 2012-B), Indenture (Ford Credit Auto Lease Trust 2012-A), Indenture (Ford Credit Auto Owner Trust 2012-C)

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Power, Authorization and Enforceability. The Indenture Trustee has the power and authority to execute deliver and perform the terms of this Indenture. The Indenture Trustee has authorized the execution, delivery and performance of the terms of this Indenture. This Indenture is the legal, valid and binding obligation of the Indenture Trustee enforceable against the Indenture Trustee, except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to or affecting the enforcement of creditors' rights or by general equitable principles.

Appears in 48 contracts

Samples: Indenture (Toyota Auto Receivables 2013-a Owner Trust), Indenture (Toyota Auto Finance Receivables LLC), Indenture (Toyota Auto Receivables 2016-B Owner Trust)

Power, Authorization and Enforceability. The Indenture Trustee has the power and authority to execute deliver and perform the terms of under this Indenture. The Indenture Trustee has authorized the execution, delivery and performance of the terms of this Indenture. This Indenture is the legal, valid and binding obligation of the Indenture Trustee enforceable against the Indenture Trustee, except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to or affecting the enforcement of creditors’ rights or by general equitable principles.

Appears in 7 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2014-B), Indenture (Ford Credit Auto Lease Trust 2015-B), Indenture (Ford Credit Auto Lease Trust 2014-B)

Power, Authorization and Enforceability. The Indenture Trustee has the power and authority to execute deliver and perform the terms of this Indenture. The Indenture Trustee has authorized the execution, delivery and performance of the terms of this Indenture. This Indenture is the legal, valid and binding obligation of the Indenture Trustee enforceable against the Indenture Trustee, except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to or affecting the enforcement of creditors' rights or by general equitable principles.

Appears in 4 contracts

Samples: Indenture (Ford Credit Auto Owner Trust 2006-A), Indenture (Ford Credit Auto Owner Trust 2006-C), Ford Credit Auto Owner Trust 2006-B

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Power, Authorization and Enforceability. The Indenture Trustee has the power and authority to execute deliver and perform the terms of this IndentureIndenture and the Indenture Supplements. The Indenture Trustee has authorized the execution, delivery and performance of the terms of this IndentureIndenture and each Indenture Supplement. This Indenture and each Indenture Supplement is the legal, valid and binding obligation of the Indenture Trustee enforceable against the Indenture Trustee, except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to or affecting the enforcement of creditors’ rights or by general equitable principles.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan Corp

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