Authorization and No Contravention. The execution, delivery and performance by the Administrator of the Transaction Documents to which it is a party have been duly authorized by all necessary action on the part of the Administrator and do not contravene or constitute a default under (i) any applicable law, rule or regulation, (ii) its organizational documents or (iii) any material agreement to which the Administrator is a party by which its properties are bound (other than violations of such laws, rules, regulations, organizational documents or agreements which do not affect the legality, validity or enforceability of any of such agreements and which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated by, or the Administrator’s ability to perform its obligations under, the Transaction Documents).
Appears in 141 contracts
Samples: Administration Agreement (Santander Drive Auto Receivables Trust 2024-5), Administration Agreement (Drive Auto Receivables Trust 2024-2), Administration Agreement (Drive Auto Receivables Trust 2024-2)
Authorization and No Contravention. The execution, delivery and performance by the Administrator of the Transaction Documents to which it is a party (i) have been duly authorized by all necessary action on the part of the Administrator and (ii) do not contravene or constitute a default under (iA) any applicable law, rule or regulation, (iiB) its organizational documents or (iiiC) any material agreement agreement, contract, order or other instrument to which the Administrator it is a party by which or its properties are bound property is subject (other than violations of such laws, rules, regulations, organizational documents or agreements which do not affect the legality, validity or enforceability of any of such agreements and which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated by, or the Administrator’s ability to perform its obligations under, the Transaction Documents).
Appears in 104 contracts
Samples: Administration Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Administration Agreement (Porsche Auto Funding LLC), Administration Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)
Authorization and No Contravention. The execution, delivery and performance by the Administrator Servicer of the Transaction Documents to which it is a party (i) have been duly authorized by all necessary action on the part of the Administrator Servicer and (ii) do not contravene or constitute a default under (iA) any applicable law, rule or regulation, (iiB) its organizational documents or (iiiC) any material agreement agreement, contract, order or other instrument to which the Administrator it is a party by which or its properties are bound property is subject (other than violations of such laws, rules, regulations, organizational documents or agreements which do not affect the legality, validity or enforceability of any of such agreements and which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated by, or the AdministratorServicer’s ability to perform its obligations under, the Transaction Documents).
Appears in 74 contracts
Samples: Sale and Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Sale and Servicing Agreement (Porsche Auto Funding LLC), Sale and Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)
Authorization and No Contravention. The execution, delivery and performance by the Administrator of the Transaction Documents to which it is a party have been duly authorized by all necessary action on the part of the Administrator and do not contravene or constitute a default under (i) any applicable law, rule or regulation, (ii) its organizational documents or (iii) any material agreement or instrument to which the Administrator is a party by which its properties are bound (other than violations of such laws, rules, regulations, organizational documents regulations or agreements which do not affect the legality, validity or enforceability of any of such agreements and which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated by, or the Administrator’s ability to perform its obligations under, the Transaction Documents).
Appears in 37 contracts
Samples: Administration Agreement (Santander Drive Auto Receivables LLC), Administration Agreement (Santander Drive Auto Receivables LLC), Administration Agreement (Santander Drive Auto Receivables LLC)
Authorization and No Contravention. The execution, delivery and performance by the Administrator of the Transaction Documents to which it is a party (i) have been duly authorized by all necessary action on the part of the Administrator and (ii) do not contravene or constitute a default under (iA) any applicable law, rule or regulation, (iiB) its organizational documents or (iiiC) any material agreement agreement, contract, order or other instrument to which the Administrator it is a party by which or its properties are bound (property is subject, other than violations of such laws, rules, regulations, organizational documents or agreements which do not affect the legality, validity or enforceability of any of such agreements and which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated by, or the Administrator’s ability to perform its obligations under, the Transaction Documents).
Appears in 30 contracts
Samples: Administration Agreement (World Omni LT), Administration Agreement (World Omni LT), Administration Agreement (World Omni LT)
Authorization and No Contravention. The execution, delivery and performance by the Administrator of the Transaction Documents to which it is a party have been duly authorized by all necessary action on the part of the Administrator and do not contravene or constitute a default under (i) any applicable law, rule or regulation, (ii) its organizational documents or (iii) any material indenture or material agreement or instrument to which the Administrator is a party by which its properties are bound (other than violations of such laws, rules, regulations, organizational documents indentures or agreements which do not affect the legality, validity or enforceability of any of such agreements and which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated by, or the Administrator’s ability to perform its obligations under, the Transaction Documents).
Appears in 27 contracts
Samples: Administration Agreement (Capital One Auto Finance Trust 2005-A), Administration Agreement (Santander Drive Auto Receivables LLC), Administration Agreement (Capital One Auto Finance Trust 2007-C)
Authorization and No Contravention. The execution, delivery and performance by the Administrator Depositor of the Transaction Documents to which it is a party (i) have been duly authorized by all necessary limited liability company action on the part of the Administrator Depositor and (ii) do not contravene or constitute a default under (iA) any applicable law, rule or regulation, (iiB) its organizational documents or (iiiC) any material indenture or material agreement or other instrument to which the Administrator it is a party by which or its properties are bound property is subject (other than violations of such laws, rules, regulations, organizational documents or agreements which do not affect the legality, validity or enforceability of any of such agreements and or which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated by, or the AdministratorDepositor’s ability to perform its obligations under, the Transaction DocumentsDocuments to which it is a party).
Appears in 20 contracts
Samples: Trust Agreement (Capital One Prime Auto Receivables Trust 2024-1), Trust Agreement (Capital One Prime Auto Receivables Trust 2023-2), Trust Agreement (Capital One Prime Auto Receivables Trust 2023-2)
Authorization and No Contravention. The execution, delivery and performance by the Administrator of the Transaction Documents to which it is a party (i) have been duly authorized by all necessary action on the part of the Administrator and (ii) do not contravene or constitute a default under (iA) any applicable order, law, rule or regulation, (iiB) its organizational documents or (iiiC) any material agreement indenture or material agreement, contract, order or other instrument to which the Administrator it is a party by which or its properties are bound property is subject (other than violations of such laws, rules, regulations, organizational documents or agreements which do not affect the legality, validity or enforceability of any of such agreements and or which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated by, or the Administrator’s ability to perform its obligations under, the Transaction Documents).
Appears in 17 contracts
Samples: Administration Agreement (Capital One Prime Auto Receivables Trust 2024-1), Administration Agreement (Capital One Prime Auto Receivables Trust 2023-2), Administration Agreement (Capital One Prime Auto Receivables Trust 2023-2)
Authorization and No Contravention. The execution, delivery and performance by the Administrator of the Transaction Documents to which it is a party (i) have been duly authorized by all necessary action on the part of the Administrator and (ii) do not contravene or constitute a default under (iA) any applicable law, rule or regulation, (iiB) its organizational documents or (iiiC) any material agreement agreement, contract, order or other instrument to which the Administrator it is a party by which or its properties are bound property is subject (other than than, in the case of clauses (A), (B) and (C), violations of such laws, rules, regulations, organizational documents or agreements which do not affect the legality, validity or enforceability of any of such agreements and which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated by, or the Administrator’s ability to perform its obligations under, the Transaction Documents).
Appears in 11 contracts
Samples: Administration Agreement (Fifth Third Auto Trust 2023-1), Administration Agreement (Fifth Third Auto Trust 2023-1), Administration Agreement (Fifth Third Holdings Funding, LLC)
Authorization and No Contravention. The execution, delivery and performance by the Administrator of the Transaction Documents to which it is a party have been duly authorized by all necessary action on the part of the Administrator and and, to its knowledge, do not contravene or constitute a default under (i) any applicable law, rule or regulation, (ii) its organizational documents or (iii) any material agreement to which the Administrator is a party by which its properties are bound (other than violations of such laws, rules, regulations, organizational documents or agreements which do not affect the legality, validity or enforceability of any of such agreements and which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated by, or the Administrator’s ability to perform its obligations under, the Transaction Documents).
Appears in 11 contracts
Samples: Administration Agreement (Bridgecrest Lending Auto Securitization Trust 2024-4), Administration Agreement (Bridgecrest Lending Auto Securitization Trust 2024-4), Administration Agreement (Bridgecrest Lending Auto Securitization Trust 2024-3)
Authorization and No Contravention. The execution, delivery and performance by the Administrator of the Transaction Documents to which it is a party have been duly authorized by all necessary action on the part of the Administrator and do not contravene or constitute a default under (i) any applicable law, rule or regulation, (ii) its organizational documents or (iii) any material agreement or instrument to which the Administrator is a party by which its properties are bound (other than violations of such laws, rules, regulations, organizational documents regulations or agreements which do not affect the legality, validity or enforceability of any of such agreements and which, individually or in the aggregate, would not reasonably be expected to materially and adversely affect the transactions contemplated by, or the Administrator’s ability to perform its obligations under, the Transaction Documents).
Appears in 6 contracts
Samples: Administration Agreement (Hercules Capital, Inc.), Administration Agreement (Horizon Technology Finance Corp), Administration Agreement (Hercules Capital, Inc.)
Authorization and No Contravention. The execution, delivery and performance by the Administrator of the Transaction Documents to which it is a party (i) have been duly authorized by all necessary action on the part of the Administrator and (ii) do not contravene or constitute a default under (iA) any applicable order, law, rule or regulation, (iiB) its organizational documents or (iiiC) any material agreement agreement, contract, order or other instrument to which the Administrator it is a party by which or its properties are bound property is subject (other than violations of such laws, rules, regulations, organizational documents or agreements which do not affect the legality, validity or enforceability of any of such agreements and which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated by, or the Administrator’s ability to perform its obligations under, the Transaction Documents).
Appears in 6 contracts
Samples: Administration Agreement (Huntington Auto Trust 2016-1), Administration Agreement (Huntington Auto Trust 2016-1), Administration Agreement (Huntington Funding, LLC)
Authorization and No Contravention. The execution, delivery and performance by the Administrator of the Transaction Documents to which it is a party (i) have been duly authorized by all necessary action on the part of the Administrator and (ii) do not contravene or constitute a default under (iA) any applicable law, rule or regulation, (iiB) its organizational documents or (iiiC) any material agreement agreement, contract, order or other instrument to which the Administrator it is a party by which or its properties are bound property is subject (other than violations of such laws, rules, regulations, organizational documents or agreements which do not affect the legality, validity or enforceability of any of such agreements and which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated by, or the Administrator’s ability to perform its obligations under, the Transaction Documents).
Appears in 6 contracts
Samples: Administration Agreement (Volkswagen Auto Loan Enhanced Trust 2003-1), Administration Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Administration Agreement (Volkswagen Auto Loan Enhanced Trust 2003-2)
Authorization and No Contravention. The execution, delivery and performance by the Administrator Servicer of the Transaction Documents to which it is a party (i) have been duly authorized by all necessary action on the part of the Administrator Servicer and (ii) do not contravene or constitute a default under (iA) any applicable order, law, rule or regulation, (iiB) its organizational documents or (iiiC) any material agreement agreement, contract, order or other instrument to which the Administrator it is a party by which or its properties are bound property is subject (other than violations of such laws, rules, regulations, organizational documents or agreements which do not affect the legality, validity or enforceability of any of such agreements and which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated by, or the AdministratorServicer’s ability to perform its obligations under, the Transaction Documents).
Appears in 5 contracts
Samples: Servicing Agreement (Huntington Auto Trust 2016-1), Servicing Agreement (Huntington Auto Trust 2016-1), Servicing Agreement (Huntington Funding, LLC)
Authorization and No Contravention. The execution, delivery and performance by the Administrator of the Transaction Documents to which it is a party (i) have been duly authorized by all necessary action on the part of the Administrator and (ii) do not contravene or constitute a default under (iA) any applicable law, rule or regulation, (iiB) its organizational documents or (iiiC) any material agreement agreement, contract, order or other instrument to which the Administrator it is a party by which or its properties are bound property is subject (other than violations of such laws, rules, regulations, organizational documents or agreements which do not affect the legality, validity or enforceability of any of such agreements and which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated by, or the Administrator’s 's ability to perform its obligations under, the Transaction Documents).
Appears in 5 contracts
Samples: Administration Agreement (Volkswagen Auto Lease Trust 2005-A), Administration Agreement (Volkswagen Public Auto Loan Securitization LLC), Administration Agreement (Volkswagen Public Auto Loan Securitization LLC)
Authorization and No Contravention. The execution, delivery and performance by the Administrator [Originator] of the Transaction Documents to which it is a party (i) have been duly authorized by all necessary action on the part of the Administrator [Originator] and (ii) do not contravene or constitute a default under (iA) any applicable law, rule or regulation, (iiB) its organizational documents or (iiiC) any material agreement agreement, contract, order or other instrument to which the Administrator it is a party by which or its properties are bound property is subject (other than violations of such laws, rules, regulations, organizational documents or agreements which do not affect the legality, validity or enforceability of any of such agreements and which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated by, or the Administrator[Originator]’s ability to perform its obligations under, the Transaction Documents).
Appears in 3 contracts
Samples: Receivables Sale Agreement (Fifth Third Holdings Funding, LLC), Receivables Sale Agreement (Fifth Third Holdings Funding, LLC), Receivables Sale Agreement (Fifth Third Holdings Funding, LLC)
Authorization and No Contravention. The execution, delivery and performance by the Administrator of the Transaction Documents to which it is a party have been duly authorized by all necessary action on the part of the Administrator and do not contravene or constitute a default under (i) any applicable law, rule or regulation, (ii) its organizational documents or (iii) any material indenture or material agreement or instrument to which the Administrator is a party by which its properties are bound (other than violations of such laws, rules, regulations, organizational documents indentures or agreements which do not affect the legality, validity or enforceability of any of such agreements and which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated by, or the Administrator’s 's ability to perform its obligations under, the Transaction Documents).
Appears in 2 contracts
Samples: Administration Agreement (Capital One Auto Receivables LLC), Administration Agreement (Capital One Prime Auto Receivables Trust 2003-1)
Authorization and No Contravention. The execution, delivery and performance by the Administrator of the Transaction Documents to which it is a party party
(i) have been duly authorized by all necessary action on the part of the Administrator and and
(ii) do not contravene or constitute a default under (iA) any applicable order, law, rule or regulation, (iiB) its organizational documents or (iiiC) any material agreement agreement, contract, order or other instrument to which the Administrator it is a party by which or its properties are bound property is subject (other than violations of such laws, rules, regulations, organizational documents or agreements which do not affect the legality, validity or enforceability of any of such agreements and or which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated by, or the Administrator’s ability to perform its obligations under, the Transaction Documentsthis Agreement).
Appears in 2 contracts
Authorization and No Contravention. The execution, delivery and performance by the Administrator Servicer of the Transaction Documents to which it is a party (i) have been duly authorized by all necessary action on the part of the Administrator Servicer and (ii) do not contravene or constitute a default under (iA) any applicable law, rule or regulation, (iiB) its organizational documents or (iiiC) any material agreement agreement, contract, order or other instrument to which the Administrator it is a party by which or its properties are bound property is subject (other than violations of such laws, rules, regulations, organizational documents or agreements which do not affect the legality, validity or enforceability of any of such agreements and which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated by, or the Administrator’s Servicer's ability to perform its obligations under, the Transaction Documents).
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Volkswagen Public Auto Loan Securitization LLC), Sale and Servicing Agreement (Vw Credit Leasing LTD)
Authorization and No Contravention. The execution, delivery and performance by the Administrator of the Transaction Documents to which it is a party (i) have been duly authorized by all necessary action on the part of the Administrator and (ii) do not contravene or constitute a default under (iA) any applicable law, rule or regulation, (iiB) its organizational documents or (iiiC) any material indenture or material agreement or instrument to which the Administrator it is a party by which or its properties are bound property is subject (other than violations of such laws, rules, regulations, organizational documents or agreements which do not affect the legality, validity or enforceability of any of such agreements and or which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated by, or the Administrator’s ability to perform its obligations under, the Transaction Documents).
Appears in 1 contract
Samples: Administration Agreement (Capital One Auto Receivables LLC)
Authorization and No Contravention. The execution, delivery and performance by the Administrator Depositor of the Transaction Documents to which it is a party have been duly authorized by all necessary action on the part of the Administrator Depositor and do not contravene or constitute a default under (i) any applicable law, rule or regulation, (ii) its organizational documents or (iii) any material indenture or agreement or instrument to which the Administrator Depositor is a party or by which its properties are bound (other than violations of such laws, rules, regulations, organizational documents indentures or agreements which do not affect the legality, validity or enforceability of any of such agreements and which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated by, or the AdministratorDepositor’s ability to perform its obligations under, the Transaction Documents).
Appears in 1 contract
Samples: Sale and Servicing Agreement (SunTrust Auto Receivables, LLC)
Authorization and No Contravention. The execution, delivery and performance by the Administrator of the Transaction Documents to which it is a party (i) have been duly authorized by all necessary action on the part of the Administrator and (ii) do not contravene or constitute a default under (iA) any applicable law, rule or regulation, (iiB) its organizational documents or (iiiC) any material agreement agreement, contract, order or other instrument to which the Administrator it is a party by which or its properties are bound property is subject (other than violations of such laws, rules, regulations, organizational documents or agreements which do not affect the legality, validity or enforceability of any of such agreements and which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated by, or the Administrator’s ability to perform its obligations under, the Transaction Documents).
Appears in 1 contract