Common use of Organization and Good Standing Clause in Contracts

Organization and Good Standing. The Depositor has been duly formed and is validly existing as an entity in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted;

Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a limited liability company in good standing under the laws of the State of Delaware, with power has the power, authority and authority legal right to own its properties and to conduct its business as such properties are presently currently owned and such business is presently currently conducted;, and has the power, authority and legal right to acquire, own and sell the Receivables.

Organization and Good Standing. The Depositor has been duly formed and is validly existing as an entity in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire and own the Receivables;

Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity a limited liability company in good standing under the laws of the State of Delaware, with the requisite power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, the requisite power, authority and legal right to acquire and own the Receivables.

Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with corporate power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, corporate power, authority and legal right to acquire and own the Receivables.

Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with the corporate power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;.

Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a limited liability company in good standing under the laws of the State of Delaware, with the power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;.

Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a limited liability company in good standing under the laws of the State of Delaware, with the power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, including the power, authority and legal right to acquire and sell the Receivables.

Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity in good standing under the laws of the State of Delaware, a Delaware statutory trust with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;conducted and is proposed to be conducted pursuant to this Agreement and the Basic Documents.

Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a limited liability company in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, power, authority and legal right to acquire, own and sell the Receivables.

Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with the corporate power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, including the corporate power, authority and legal right to acquire and sell the Receivables.

Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a limited liability company in good standing under the laws of the State of Delaware, with the power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;.

Organization and Good Standing. The Depositor has shall have been duly formed organized and is shall be validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently shall be currently owned and such business is presently conducted;, and had at all relevant times, and shall have, power, authority, and legal right to acquire and own the Receivables.

Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity in good standing under the laws of the State of Delaware, a Delaware corporation with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;conducted and is proposed to be conducted pursuant to this Agreement and the Basic Documents.

Organization and Good Standing. The Depositor has been is duly formed formed, validly existing, and is validly existing as an entity in good standing under the laws of the State state of Delawareits formation, with and has the power and the authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;.

Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity in good standing under the laws of the State of Delaware, a Delaware limited liability company with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;conducted and is proposed to be conducted pursuant to the Basic Documents.

Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with the corporate power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, the corporate power, authority and legal right to acquire and own the Receivables.

Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity in good standing under the laws of the State of Delaware, a Delaware limited liability company with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;.

Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a limited liability company in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, the power, authority and legal right to acquire, own and sell the Receivables.

Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity in good standing under the laws of the State of Delaware, a Delaware business trust with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;conducted and is proposed to be conducted pursuant to this Agreement and the Basic Documents.

Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, Delaware with the corporate power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, the power, authority and legal right to acquire and own the Receivables.

Organization and Good Standing. The Depositor has been is duly formed formed, validly existing, and is validly existing as an entity in good standing under the laws of the State of Delawareits formation, with and has the power and the authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;.

Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently currently conducted;. The Depositor is not organized under the laws of any jurisdiction other than Delaware.

Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently currently conducted;, and had at all relevant times, and now has, power, authority and legal right to acquire, own and transfer the Contracts and the other property transferred to the Issuer.

Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with power has the power, authority and authority legal right to own its properties and to conduct its business as such properties are presently currently owned and such business is presently currently conducted;, and has the power, authority and legal right to acquire, own and sell the Contracts.

Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with the power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, the power, authority and legal right to acquire and own the Receivables.

Organization and Good Standing. The Depositor has shall have been duly formed organized and is shall be validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently shall be currently owned and such business is presently conducted;, and had at all relevant times, and shall have, power, authority and legal right to acquire and own the Receivables.

Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with the corporate power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted;conducted and to execute, deliver and perform its obligations under this Agreement and the other Basic Documents to which it is a party.

Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a limited liability company in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, power, authority, and legal right to acquire and own the Receivables.

Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, Delaware with the power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, the power, authority and legal right to acquire and own the Receivables.

Organization and Good Standing. The Depositor has been is duly formed organized ------------------------------ and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, Delaware with the power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, the power, authority and legal right to acquire and own the Receivables.

Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a limited liability company in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted;, and had at all relevant times, and now has, power, authority and legal right to acquire and own the Eligible Receivables in the Scheduled Accounts and the Collateral Security related thereto.

Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with corporate power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, corporate power, authority and legal right to acquire and own the Receivables. 3 (Nissan 2012-B Amended & Restated Trust Agreement)

Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with corporate power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, corporate power, authority and legal right to acquire and own the Receivables. 3 (Nissan 2013-C Amended & Restated Trust Agreement)

Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire and own the Second Step Purchased Property;

Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a limited liability company in good standing under the laws of the State of Delaware, with the power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;. (NALT 2010-B Amended and Restated Trust Agreement)

Organization and Good Standing. The Depositor has been duly formed ------------------------------ organized and is validly existing as an entity a limited liability company in good standing under the laws of the State of Delaware, with power has the power, authority and authority legal right to own its properties and to conduct its business as such properties are presently currently owned and such business is presently currently conducted;, and has the power, authority and legal right to acquire, own and sell the Receivables.

Organization and Good Standing. The Depositor has been duly formed and is validly existing as an entity in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted;.

Organization and Good Standing. The Depositor has shall have been duly formed organized and is shall be validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently shall be currently owned and such business is presently now conducted;, and had at all relevant times, and shall have, power, authority and legal right to acquire and own the Receivables.

Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a limited liability company in good standing under the laws of the State of Delaware, with power and an authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has power, authority and legal right to acquire, own and sell the Financed Student Loans.

Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with the corporate power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently currently conducted;.

Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity in good standing under the laws of the State of Delaware, a Delaware corporation with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;conducted and is proposed to be conducted pursuant to this Agreement and the Transaction Documents.

Organization and Good Standing. The Depositor has been is duly formed organized ------------------------------ and is validly existing as an entity in good standing under the laws of the State of Delaware, a Delaware corporation with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;conducted and is proposed to be conducted pursuant to this Agreement and the Basic Documents.

Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity in good standing under the laws of the State of Delaware, a Delaware corporation with power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted;to

Organization and Good Standing. The Depositor has been is duly formed ------------------------------ organized and is validly existing as an entity in good standing under the laws of the State of Delaware, a Delaware corporation with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;conducted and is proposed to be conducted pursuant to this Agreement and the Basic Documents.

Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with power and authority to own execute, deliver and perform its properties and to conduct its business as such properties are presently owned and such business is presently conducted;obligations under this Agreement

Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity in good standing under the laws of the State of Delaware, a Delaware corporation with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;now conducted and is proposed to be conducted pursuant to this Agreement and the Basic Documents.

Organization and Good Standing. The Depositor has been duly formed incorporated and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted;, and had at all relevant times, and now has, power, authority and legal right to acquire and own the Eligible Receivables in the Accounts in the Pool of Accounts and the Collateral Security related thereto.

Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with the corporate power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;.

Organization and Good Standing. The Depositor has been is duly formed ------------------------------ organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with the corporate power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, the corporate power, authority and legal right to acquire and own the Receivables.

Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with corporate power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, corporate power, authority and legal right to acquire and own the Receivables. (Nissan 2008-C Amended & Restated Trust Agreement)

Organization and Good Standing. The Depositor has been is duly formed ------------------------------ organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with the power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, the power, authority and legal right to acquire and own the Receivables.

Organization and Good Standing. The Depositor has been duly formed ------------------------------ organized and is validly existing as an entity a limited liability company in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, power, authority and legal right to acquire, own and sell the Receivables.

Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently currently conducted;, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the other property transferred to the Trust.

Organization and Good Standing. The Depositor has been is duly formed ------------------------------ organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with the corporate power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;.

Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, the corporate power, authority and legal right to acquire and own the Receivables.

Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with the corporate power and authority to own its properties and to conduct its business business. as such properties are presently currently owned and such business is presently conducted;.

Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with the corporate power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;. Sale and Servicing Agreement

Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with the corporate power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;. (2011-A Sale and Servicing Agreement)

Organization and Good Standing. The Depositor has been duly formed incorporated and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with and has full corporate power and authority to execute, deliver and perform its obligations under this Agreement and, in all material respects, to own its properties property and to conduct its business as such properties are presently owned and such business is presently conducted;.

Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with corporate power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, corporate power, authority and legal right to acquire and own the Receivables. 7 (Nissan 2008-A Amended & Restated Trust Agreement)