Power, Authorization and Enforceability. The Issuer has the power and authority to execute, deliver and perform the terms of this Indenture. The Issuer has authorized the execution, delivery and performance of the terms of this Indenture. This Indenture is the legal, valid and binding obligation of the Issuer enforceable against the Issuer, except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement of creditors’ rights or by general equitable principles.
Appears in 52 contracts
Samples: Indenture (Mercedes-Benz Auto Lease Trust 2023-A), Indenture (Mercedes-Benz Auto Lease Trust 2023-A), Indenture (Mercedes-Benz Auto Lease Trust 2021-B)
Power, Authorization and Enforceability. The Issuer has the power and authority to execute, deliver and perform the terms of this Indenture. The Issuer has authorized the execution, delivery and performance of the terms of this Indenture. This Indenture is the legal, valid and binding obligation of the Issuer enforceable against the Issuer, except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement of creditors’ rights or by general equitable principles.
Appears in 30 contracts
Samples: Indenture (Ford Credit Auto Owner Trust 2015-B), Indenture (Ford Credit Auto Owner Trust 2015-B), Indenture (Ford Credit Auto Owner Trust 2015-A)
Power, Authorization and Enforceability. The Issuer has the power and authority to execute, deliver and perform the terms of this Indenture. The Issuer has authorized the execution, delivery and performance of the terms of this Indenture. This Indenture is the legal, valid and binding obligation of the Issuer enforceable against the Issuer, except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement of creditors’ ' rights or by general equitable principles.
Appears in 17 contracts
Samples: Indenture (Ford Credit Auto Owner Trust 2010-B), Indenture (Ford Credit Auto Owner Trust 2010-A), Indenture (Ford Credit Auto Owner Trust 2007-A)
Power, Authorization and Enforceability. The Issuer has the power and authority to execute, deliver and perform the terms of this IndentureAgreement. The Issuer has authorized the execution, delivery and performance of the terms of this IndentureAgreement. This Indenture Agreement is the legal, valid and binding obligation of the Issuer and enforceable against the Issuer, except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement of creditors’ rights or by general equitable principles.
Appears in 12 contracts
Samples: Second Tier Sale Agreement (Ford Credit Auto Lease Trust 2014-A), Second Tier Sale Agreement (Ford Credit Auto Lease Trust 2014-A), Second Tier Sale Agreement (Ford Credit Auto Lease Trust 2013-B)
Power, Authorization and Enforceability. The Issuer has the power and authority to execute, deliver and perform the terms of under this Indenture. The Issuer has authorized the execution, delivery and performance of the terms of this Indenture. This Indenture is the legal, valid and binding obligation of the Issuer enforceable against the Issuer, except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement of creditors’ rights or by general equitable principles.
Appears in 7 contracts
Samples: Indenture (Ford Credit Auto Lease Trust 2015-B), Indenture (Ford Credit Auto Lease Trust 2015-B), Indenture (Ford Credit Auto Lease Trust 2015-A)
Power, Authorization and Enforceability. The Issuer has the power and authority to execute, deliver and perform the terms of under this IndentureAgreement. The Issuer has authorized the execution, delivery and performance of the terms of this IndentureAgreement. This Indenture Agreement is the legal, valid and binding obligation of the Issuer and enforceable against the Issuer, except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement of creditors’ rights or by general equitable principles.
Appears in 7 contracts
Samples: Second Tier Sale Agreement (Ford Credit Auto Lease Trust 2015-B), Second Tier Sale Agreement (Ford Credit Auto Lease Trust 2015-B), Second Tier Sale Agreement (Ford Credit Auto Lease Trust 2015-A)
Power, Authorization and Enforceability. The Issuer has the power and authority to execute, deliver and perform the terms of this IndentureAgreement. The Issuer has authorized the execution, delivery and performance of the terms of this IndentureAgreement. This Indenture Agreement is the legal, valid and binding obligation of the Issuer Issuer, enforceable against the Issuer, except as the same may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement of creditors’ rights or by general equitable principles.
Appears in 3 contracts
Samples: Second Tier Sale Agreement (Ford Credit Auto Lease Trust 2011-A), Second Tier Sale Agreement (Ford Credit Auto Lease Trust 2011-A), Second Tier Sale Agreement (CAB West LLC)
Power, Authorization and Enforceability. The Issuer has the power and authority to execute, deliver and perform the terms of this IndentureIndenture and the related Indenture Supplement. The Issuer has authorized the execution, delivery and performance of the terms of this IndentureIndenture and such Indenture Supplement. This Indenture and such Indenture Supplement is the legal, valid and binding obligation of the Issuer enforceable against the Issuer, except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement of creditors’ rights or by general equitable principles.
Appears in 2 contracts
Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan Corp
