Authorization; Binding Obligation. The Originator has the power and authority to make, execute, deliver and perform this Agreement and the other Transaction Documents to which the Originator is a party and all of the transactions contemplated under this Agreement and the other Transaction Documents to which the Originator is a party, and has taken all necessary corporate action to authorize the execution, delivery and performance of this Agreement and the other Transaction Documents to which the Originator is a party. This Agreement and the other Transaction Documents to which the Originator is a party constitute the legal, valid and binding obligation of the Originator enforceable in accordance with their terms, except as enforcement of such terms may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors' rights generally and by the availability of equitable remedies.
Appears in 11 contracts
Samples: Transfer and Servicing Agreement (Orix Credit Alliance Receivables Trust 2000 B), Transfer and Servicing Agreement (Greatamerica Leasing Receivables 2002-1 LLC), Transfer and Servicing Agreement (Greatamerica Leasing Receivables 2000-1 LLC)
Authorization; Binding Obligation. The Each Originator has the power and authority to make, execute, deliver and perform this Agreement and the other Transaction Documents to which the respective Originator is a party and all of the transactions contemplated under this Agreement and the other Transaction Documents to which the respective Originator is a party, and has taken all necessary corporate action to authorize the execution, delivery and performance of this Agreement and the other Transaction Documents to which the respective Originator is a party. This Agreement and the other Transaction Documents to which the respective Originator is a party constitute the legal, valid and binding obligation of the each Originator is enforceable in accordance with their terms, except as enforcement of such terms may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors' rights generally and by the availability of equitable remedies.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Heller Funding Corp Ii)