Common use of Purposes and Powers Clause in Contracts

Purposes and Powers. The purpose of the Issuer is, and the Issuer shall have the power and authority, to engage in the following activities:

Appears in 365 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2024-2), Trust Agreement (Santander Drive Auto Receivables Trust 2024-2), Trust Agreement (Porsche Auto Funding LLC)

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Purposes and Powers. (a) The purpose of the Issuer is, and the Issuer shall have the power and authority, is to engage in the following activities:

Appears in 80 contracts

Samples: Trust Agreement (Mercedes-Benz Auto Lease Trust 2024-A), Trust Agreement (Mercedes-Benz Auto Lease Trust 2024-A), Trust Agreement (Mercedes-Benz Auto Lease Trust 2023-A)

Purposes and Powers. (a) The purpose of the Issuer is, and the Issuer shall will have the power and authority, to engage in the following activities:

Appears in 69 contracts

Samples: Trust Agreement (Ford Credit Auto Lease Trust 2015-B), Trust Agreement (Ford Credit Auto Lease Trust 2015-B), Trust Agreement (Ford Credit Auto Owner Trust 2015-B)

Purposes and Powers. (a) The purpose of the Issuer is, and the Issuer shall have the power and authorityauthority and is authorized, to engage in the following activities:

Appears in 37 contracts

Samples: Trust Agreement (NISSAN AUTO RECEIVABLES Co II LLC), Trust Agreement (NISSAN AUTO RECEIVABLES Co II LLC), Trust Agreement (Nissan Auto Receivables 2022-B Owner Trust)

Purposes and Powers. The purpose of the Issuer is, and the Issuer shall have the power and authority, to engage in the following activities:

Appears in 22 contracts

Samples: Trust Agreement (Ace Sec Corp Wells Fargo Financial Auto Owner Trust 2004-A), Trust Agreement (Wells Fargo Financial Auto Owner Trust 2005-A), Bas Securitization LLC

Purposes and Powers. (a) The purpose of the Issuer isis to engage in the following activities, and the Issuer shall have the power and authority, to engage in the following activities:

Appears in 12 contracts

Samples: Trust Agreement, Trust Agreement (California Republic Funding LLC), Trust Agreement (California Republic Auto Receivables Trust 2018-1)

Purposes and Powers. (a) The purpose of the Issuer is, and the Issuer shall have the power and authority, authority to engage in in, the following activities:

Appears in 11 contracts

Samples: Trust Agreement (Wachovia Auto Owner Trust 2008-A), Trust Agreement (Wachovia Auto Loan Owner Trust 2007-1), Trust Agreement (WDS Receivables LLC)

Purposes and Powers. (a) The purpose of the Issuer is, and the Issuer shall have the power and authority, to engage in the following activities:

Appears in 7 contracts

Samples: Trust Agreement (Bank One Auto Securitization Trust 2003-1), Trust Agreement (Bank One Auto Securitization LLC), Trust Agreement (Paragon Auto Receivables Corp)

Purposes and Powers. The purpose of the Issuer is, and the Issuer shall have the power and authorityauthority and is hereby authorized and empowered, without the need for further action on the part of the Issuer, to engage in the following activities:

Appears in 7 contracts

Samples: Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2024-2), Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2024-2), Trust Agreement (Bridgecrest Lending Auto Securitization Trust 2024-1)

Purposes and Powers. The purpose of the Issuer is, is to engage in the following activities and the Issuer shall have the power and authority, to engage in the following activities:

Appears in 7 contracts

Samples: Trust Agreement (California Republic Funding LLC), Trust Agreement (California Republic Funding LLC), Trust Agreement (California Republic Funding LLC)

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Purposes and Powers. The purpose of the Issuer is, and the Issuer shall have the power and authority, is to engage in the following activities:

Appears in 6 contracts

Samples: Trust Agreement (Accredited Mortgage Loan Trust 2005-4), Trust Agreement (Accredited Mortgage Loan Trust 2005-3), Trust Agreement (Household Consumer Loan Trust 1997-2)

Purposes and Powers. The purpose of the Issuer is, and the Issuer shall have the power and authorityauthority and is authorized, to engage in the following activities:

Appears in 5 contracts

Samples: Trust Agreement (Nissan Auto Receivables 2024-a Owner Trust), Trust Agreement (Nissan Auto Receivables 2024-a Owner Trust), Trust Agreement (NISSAN AUTO RECEIVABLES Co II LLC)

Purposes and Powers. The purpose of the Issuer isis to engage in the following activities, and the Issuer shall have the power and authority, to engage in the following activities:

Appears in 2 contracts

Samples: Trust Agreement (California Republic Auto Receivables Trust 2015-2), Trust Agreement (California Republic Funding LLC)

Purposes and Powers. The purpose of the Issuer is, and the Issuer shall have the power and authorityauthority without further trust action, to engage in the following activities:

Appears in 2 contracts

Samples: Trust Agreement (Fifth Third Auto Trust 2023-1), Trust Agreement (Fifth Third Auto Trust 2023-1)

Purposes and Powers. (a) The purpose of the Issuer is, and the Issuer shall have has the power and authority, to engage in the following activities:

Appears in 2 contracts

Samples: Trust Agreement (Ford Credit Floorplan LLC), Trust Agreement (Ford Credit Floorplan Corp)

Purposes and Powers. The purpose of the Issuer is, and the Issuer shall have the power and authority, to engage in the following activities:activities:β€Œ

Appears in 1 contract

Samples: Trust Agreement

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