Common use of Action Clause in Contracts

Action. Seller has all necessary corporate or other power, authority and legal right to execute, deliver and perform its obligations under each of the Program Documents to which it is a party; the execution, delivery and performance by Seller of each of the Program Documents to which it is a party has been duly authorized by all necessary corporate or other action on its part; and each Program Document has been duly and validly executed and delivered by Seller and constitutes a legal, valid and binding obligation of Seller, enforceable against Seller in accordance with its terms.

Action. Seller has all necessary corporate or other power, authority and legal right to execute, deliver and perform its obligations under each of the Program Facility Documents to which it is a party; the execution, delivery and performance by Seller of each of the Program Facility Documents to which it is a party has have been duly authorized by all necessary corporate or other action on its part; and each Program Facility Document to which it is a party has been duly and validly executed and delivered by Seller and constitutes a legal, valid and binding obligation of Seller, enforceable against Seller in accordance with its terms.

Action. The Seller has all necessary corporate or other power, authority and legal right to execute, deliver and perform its obligations under each of the Program Documents to which it is a party; the execution, delivery and performance by the Seller of each of the Program Documents to which it is a party has been duly authorized by all necessary corporate or other action on its part; and each Program Document has been duly and validly executed and delivered by the Seller and constitutes a legal, valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms.

Action. Seller has all necessary corporate or other power, authority and legal right to execute, deliver and perform its obligations under each of the Program Documents to which it is a partyFacility Documents, as applicable; the execution, delivery and performance by Seller of each of the Program Facility Documents to which it is a party has have been duly authorized by all necessary corporate or other action on its part; and each Program Facility Document has been duly and validly executed and delivered by Seller and constitutes a legal, valid and binding obligation of Seller, enforceable against Seller in accordance with its terms.

Action. Seller has all necessary corporate or other limited liability company power, authority and legal right to execute, deliver and perform its obligations under each of the Program Documents to which it is a partyTransaction Documents; the execution, delivery and performance by Seller of each of the Program Transaction Documents to which it is a party has have been duly authorized by all necessary corporate or other action on its part; and each Program Transaction Document has been duly and validly executed and delivered by Seller and constitutes a legal, valid and binding obligation of Seller, enforceable against Seller Seller, in accordance with its terms.

Action. The Seller has all necessary corporate or other power, authority and legal right to execute, deliver and perform its obligations Obligations under each of the Program Documents to which it is a partyDocuments, as applicable; the execution, delivery and performance by Seller of each of the Program Documents to which it is a party has have been duly authorized by all necessary corporate or other action on its part; and each Program Document has been duly and validly executed and delivered by Seller Seller, as applicable, and constitutes a legal, valid and binding obligation of Seller, Seller enforceable against Seller in accordance with its terms.

Action. Each Seller has all necessary corporate or other power, authority and legal right to execute, deliver and perform its obligations under each of the Program Facility Documents to which it is a party; the execution, delivery and performance by each Seller of each of the Program Facility Documents to which it is a party has have been duly authorized by all necessary corporate or other action on its part; and each Program Facility Document to which it is a party has been duly and validly executed and delivered by each Seller and constitutes a legal, valid and binding obligation of Seller, each Seller enforceable against each Seller in accordance with its terms.

Action. The Seller has all necessary corporate or other power, authority and legal right to execute, deliver and perform its obligations hereunder and under each of the Program Loan Documents to which it is a party; the execution, delivery and performance by the Seller of this Agreement and each of the Program Loan Documents to which it is a party has been duly authorized by all necessary corporate or other action on its part; and this Agreement and each Program Loan Document to which it is a party has been duly and validly executed and delivered by the Seller and constitutes a legal, valid and binding obligation of the Seller, enforceable against Seller it in accordance with its terms.

Action. Seller has all necessary limited liability company, corporate or other power, authority and legal right to execute, deliver and perform its obligations under each of the Program Documents to which it is a party; the execution, delivery and performance by Seller of each of the Program Documents to which it is a party has been duly authorized by all necessary corporate or other action on its part; and each Program Document has been duly and validly executed and delivered by Seller and constitutes a legal, valid and binding obligation of Seller, enforceable against Seller in accordance with its terms.

Action. Seller has all necessary corporate or other power, authority and legal right to execute, deliver and perform its obligations under each of the Program Facility Documents to which it is a party; the execution, delivery and performance by Seller of each of the Program Facility Documents to which it is a party has have been duly authorized by all necessary corporate or other action on its part; and each Program Document has been duly and validly executed and delivered by Seller and constitutes a legal, valid and binding obligation of Seller, enforceable against Seller in accordance with its terms.48

Action. Seller has all necessary corporate or other power, authority and legal right to execute, deliver and perform its obligations under each of the Program Repurchase Documents to which it is a party, as applicable; the execution, delivery and performance by Seller of each of the Program Repurchase Documents to which it is a party has have been duly authorized by all necessary corporate or other action on its part; and each Program Repurchase Document to which it is a party has been duly and validly executed and delivered by Seller and constitutes a legal, valid and binding obligation of Seller, Seller enforceable against Seller in accordance with its terms.

Action. The Seller has all necessary corporate or other power, authority and legal right to execute, deliver and perform its obligations under each of the Program Documents to which it is a party; the execution, delivery and performance by the Seller of each of the Program Documents to which it is a party has been duly authorized by all necessary corporate or other action on its part; and each Program Document to which the Seller is a party, has been duly and validly executed and delivered by Seller it and constitutes a its legal, valid and binding obligation of Sellerobligation, enforceable against Seller it in accordance with its terms.