Common use of Authorization and No Contravention Clause in Contracts

Authorization and No Contravention. The execution, delivery and performance by the Servicer of each Transaction Document to which it is a party (i) have been duly authorized by all necessary corporate action and (ii) do not violate or constitute a default under (A) any applicable law, rule or regulation, (B) its organizational instruments or (C) any agreement, contract, order or other instrument to which it is a party or its property is subject and (iii) will not result in any Adverse Claim on any Transaction Unit or Closed-End EN Collected Amounts with respect to the 20[ ]-[ ] Reference Pool or give cause for the acceleration of any indebtedness of the Servicer.

Appears in 5 contracts

Samples: Closed End Servicing Agreement (World Omni LT), Closed End Servicing Agreement (World Omni LT), Exchange Note Servicing Supplement (World Omni LT)

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Authorization and No Contravention. The execution, delivery and performance by the Servicer of each Transaction Document to which it is a party (i) have been duly authorized by all necessary corporate action and (ii) do not violate or constitute a default under (A) any applicable law, rule or regulation, (B) its organizational instruments or (C) any agreement, contract, order or other instrument to which it is a party or its property is subject and (iii) will not result in any Adverse Claim on any Transaction Unit or Closed-End EN Collected Amounts with respect to the 20[ ]2016-[ ] A Reference Pool or give cause for the acceleration of any indebtedness of the Servicer.

Appears in 2 contracts

Samples: Closed End Servicing Agreement (World Omni LT), Closed End Servicing Agreement (World Omni LT)

Authorization and No Contravention. The execution, delivery and performance by the Servicer of each Transaction Document to which it is a party (i) have been duly authorized by all necessary corporate action and (ii) do not violate or constitute a default under (A) any applicable law, rule or regulation, (B) its organizational instruments or (C) any agreement, contract, order or other instrument to which it is a party or its property is subject and (iii) will not result in any Adverse Claim on any Transaction Unit or Closed-End EN Collected Amounts with respect to the 20[ ]2020-[ ] A Reference Pool or give cause for the acceleration of any indebtedness of the Servicer.

Appears in 2 contracts

Samples: Closed End Servicing Agreement (World Omni Automobile Lease Securitization Trust 2020-A), Closed End Servicing Agreement (World Omni Automobile Lease Securitization Trust 2020-A)

Authorization and No Contravention. The execution, delivery and performance by the Servicer of each Transaction Document to which it is a party (i) have been duly authorized by all necessary corporate action and (ii) do not violate or constitute a default under (A) any applicable law, rule or regulation, (B) its organizational instruments or (C) any agreement, contract, order or other instrument to which it is a party or its property is subject and (iii) will not result in any Adverse Claim on any Transaction Unit or Closed-End EN Collected Amounts with respect to the 20[ ]2018-[ ] B Reference Pool or give cause for the acceleration of any indebtedness of the Servicer.

Appears in 2 contracts

Samples: Exchange Note Servicing Supplement (World Omni Automobile Lease Securitization Trust 2018-B), Closed End Servicing Agreement (World Omni Automobile Lease Securitization Trust 2018-B)

Authorization and No Contravention. The execution, delivery and performance by the Servicer of each Transaction Document to which it is a party (i) have been duly authorized by all necessary corporate action and (ii) do not violate or constitute a default under (A) any applicable law, rule or regulation, (B) its organizational instruments or (C) any agreement, contract, order or other instrument to which it is a party or its property is subject and (iii) will not result in any Adverse Claim on any Transaction Unit or Closed-End EN Collected Amounts with respect to the 20[ ]2020-[ ] B Reference Pool or give cause for the acceleration of any indebtedness of the Servicer.

Appears in 2 contracts

Samples: Closed End Servicing Agreement (World Omni Automobile Lease Securitization Trust 2020-B), Closed End Servicing Agreement (World Omni Automobile Lease Securitization Trust 2020-B)

Authorization and No Contravention. The execution, delivery and performance by the Servicer of each Transaction Document to which it is a party (i) have been duly authorized by all necessary corporate action and (ii) do not violate or constitute a default under (A) any applicable law, rule or regulation, (B) its organizational instruments or (C) any agreement, contract, order or other instrument to which it is a party or its property is subject and (iii) will not result in any Adverse Claim on any Transaction Unit or Closed-End EN Collected Amounts with respect to the 20[ ]2017-[ ] A Reference Pool or give cause for the acceleration of any indebtedness of the Servicer.

Appears in 2 contracts

Samples: Closed End Servicing Agreement (World Omni LT), Closed End Servicing Agreement (World Omni LT)

Authorization and No Contravention. The execution, delivery and performance by the Servicer of each Transaction Document to which it is a party (i) have been duly authorized by all necessary corporate action and (ii) do not violate or constitute a default under (A) any applicable law, rule or regulation, (B) its organizational instruments or (C) any agreement, contract, order or other instrument to which it is a party or its property is subject and (iii) will not result in any Adverse Claim on any Transaction Unit or Closed-End EN Collected Amounts with respect to the 20[ ]2019-[ ] B Reference Pool or give cause for the acceleration of any indebtedness of the Servicer.

Appears in 2 contracts

Samples: Closed End Servicing Agreement (World Omni Automobile Lease Securitization Trust 2019-B), Closed End Servicing Agreement (World Omni Automobile Lease Securitization Trust 2019-B)

Authorization and No Contravention. The execution, delivery and performance by the Servicer of each Transaction Document to which it is a party (i) have been duly authorized by all necessary corporate action and (ii) do not violate or constitute a default under (A) any applicable law, rule or regulation, (B) its organizational instruments or (C) any agreement, contract, order or other instrument to which it is a party or its property is subject and (iii) will not result in any Adverse Claim on any Transaction Unit or Closed-End EN Collected Amounts with respect to the 20[ ]2019-[ ] A Reference Pool or give cause for the acceleration of any indebtedness of the Servicer.

Appears in 2 contracts

Samples: Closed End Servicing Agreement (World Omni Automobile Lease Securitization Trust 2019-A), Closed End Servicing Agreement (World Omni Automobile Lease Securitization Trust 2019-A)

Authorization and No Contravention. The execution, delivery and performance by the Servicer of each Transaction Document to which it is a party (i) have been duly authorized by all necessary corporate action and (ii) do not violate or constitute a default under (A) any applicable law, rule or regulation, (B) its organizational instruments or (C) any agreement, contract, order or other instrument to which it is a party or its property is subject and (iii) will not result in any Adverse Claim on any Transaction Unit or Closed-End EN Collected Amounts with respect to the 20[ ]2024-[ ] A Reference Pool or give cause for the acceleration of any indebtedness of the Servicer.

Appears in 2 contracts

Samples: Closed End Servicing Agreement (World Omni LT), Closed End Servicing Agreement (World Omni LT)

Authorization and No Contravention. The execution, delivery and performance by the Servicer of each Transaction Document to which it is a party (i) have been duly authorized by all necessary corporate action and (ii) do not violate or constitute a default under (A) any applicable law, rule or regulation, (B) its organizational instruments or (C) any agreement, contract, order or other instrument to which it is a party or its property is subject and (iii) will not result in any Adverse Claim on any Transaction Unit or Closed-End EN Collected Amounts with respect to the 20[ ]2018-[ ] A Reference Pool or give cause for the acceleration of any indebtedness of the Servicer.

Appears in 2 contracts

Samples: Closed End Servicing Agreement (World Omni LT), Closed End Servicing Agreement (World Omni LT)

Authorization and No Contravention. The execution, delivery and performance by the Servicer of each Transaction Document to which it is a party (i) have been duly authorized by all necessary corporate action and (ii) do not violate or constitute a default under (A) any applicable law, rule or regulation, (B) its organizational instruments or (C) any agreement, contract, order or other instrument to which it is a party or its property is subject and (iii) will not result in any Adverse Claim on any Transaction Unit or Closed-End EN Collected Amounts with respect to the 20[ ]2022-[ ] A Reference Pool or give cause for the acceleration of any indebtedness of the Servicer.

Appears in 2 contracts

Samples: Closed End Servicing Agreement (World Omni LT), Closed End Servicing Agreement (World Omni LT)

Authorization and No Contravention. The execution, delivery and performance by the Servicer of each Transaction Document to which it is a party (i) have been duly authorized by all necessary corporate action and (ii) do not violate or constitute a default under (A) any applicable law, rule or regulation, (B) its organizational instruments or (C) any agreement, contract, order or other instrument to which it is a party or its property is subject and (iii) will not result in any Adverse Claim on any Transaction Unit or Closed-End EN Collected Amounts with respect to the 20[ ]2023-[ ] A Reference Pool or give cause for the acceleration of any indebtedness of the Servicer.

Appears in 2 contracts

Samples: Closed End Servicing Agreement (World Omni LT), Closed End Servicing Agreement (World Omni LT)

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Authorization and No Contravention. The execution, delivery and performance by the Servicer of each Transaction Document to which it is a party (i) have been duly authorized by all necessary corporate action and (ii) do not violate or constitute a default under (A) any applicable law, rule or regulation, (B) its organizational instruments or (C) any agreement, contract, order or other instrument to which it is a party or its property is subject and (iii) will not result in any Adverse Claim on any Transaction Unit or Closed-End EN Collected Amounts with respect to the 20[ ]2021-[ ] A Reference Pool or give cause for the acceleration of any indebtedness of the Servicer.

Appears in 2 contracts

Samples: Closed End Servicing Agreement (World Omni Auto Leasing LLC), Closed End Servicing Agreement (World Omni LT)

Authorization and No Contravention. The execution, delivery and performance by the Servicer of each Transaction Document to which it is a party (i) have been duly authorized by all necessary corporate action and (ii) do not violate or constitute a default under (A) any applicable law, rule or regulation, (B) its organizational instruments or (C) any agreement, contract, order or other instrument to which it is a party or its property is subject and (iii) will not result in any Adverse Claim on any Transaction Unit or Closed-End EN Collected Amounts with respect to the 20[ ]2009-[ ] A Reference Pool or give cause for the acceleration of any indebtedness of the Servicer.

Appears in 1 contract

Samples: Closed End Servicing Agreement (World Omni Automobile Lease Securitization Trust 2009-A)

Authorization and No Contravention. The execution, delivery and performance by the Servicer of each Transaction Document to which it is a party (i) have been duly authorized by all necessary corporate action and (ii) do not violate or constitute a default under (A) any applicable law, rule or regulation, (B) its organizational instruments or (C) any agreement, contract, order or other instrument to which it is a party or its property is subject and (iii) will not result in any Adverse Claim on any Transaction Unit or Closed-End EN Collected Amounts with respect to the 20[ ]2014-[ ] A Reference Pool or give cause for the acceleration of any indebtedness of the Servicer.

Appears in 1 contract

Samples: Closed End Servicing Agreement (World Omni LT)

Authorization and No Contravention. The execution, delivery and performance by the Servicer of each Transaction Document to which it is a party (i) have been duly authorized by all necessary corporate action and (ii) do not violate or constitute a default under (A) any applicable law, rule or regulation, (B) its organizational instruments or (C) any agreement, contract, order or other instrument to which it is a party or its property is subject and (iii) will not result in any Adverse Claim on any Transaction Unit or Closed-End EN Collected Amounts with respect to the 20[ ]2013-[ ] A Reference Pool or give cause for the acceleration of any indebtedness of the Servicer.

Appears in 1 contract

Samples: Closed End Servicing Agreement (World Omni LT)

Authorization and No Contravention. The execution, delivery and performance by the Servicer of each Transaction Document to which it is a party (i) have been duly authorized by all necessary corporate action and (ii) do not violate or constitute a default under (A) any applicable law, rule or regulation, (B) its organizational instruments or (C) any agreement, contract, order or other instrument to which it is a party or its property is subject and (iii) will not result in any Adverse Claim on any Transaction Unit or Closed-End EN Collected Amounts with respect to the 20[ ]2011-[ ] A Reference Pool or give cause for the acceleration of any indebtedness of the Servicer.

Appears in 1 contract

Samples: Closed End Servicing Agreement (World Omni Automobile Lease Securitization Trust 2011-A)

Authorization and No Contravention. The execution, delivery and performance by the Servicer of each Transaction Document to which it is a party (i) have been duly authorized by all necessary corporate action and (ii) do not violate or constitute a default under (A) any applicable law, rule or regulation, (B) its organizational instruments or (C) any agreement, contract, order or other instrument to which it is a party or its property is subject and (iii) will not result in any Adverse Claim on any Transaction Unit or Closed-End EN Collected Amounts with respect to the 20[ ]2012-[ ] A Reference Pool or give cause for the acceleration of any indebtedness of the Servicer.

Appears in 1 contract

Samples: Closed End Servicing Agreement (World Omni Automobile Lease Securitization Trust 2012-A)

Authorization and No Contravention. The execution, delivery and performance by the Servicer of each Transaction Document to which it is a party (i) have been duly authorized by all necessary corporate action and (ii) do not violate or constitute a default under (A) any applicable law, rule or regulation, (B) its organizational instruments or (C) any agreement, contract, order or other instrument to which it is a party or its property is subject and (iii) will not result in any Adverse Claim on any Transaction Unit or Closed-End EN Collected Amounts with respect to the 20[ ]2015-[ ] A Reference Pool or give cause for the acceleration of any indebtedness of the Servicer.

Appears in 1 contract

Samples: Closed End Servicing Agreement (World Omni LT)

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