Corporate Authority and Power. It has, and at all times during the term of this Agreement will have, all requisite corporate power and authority to own its properties, to conduct its business, to execute and deliver this Agreement and all documents and transactions contemplated hereunder and to perform all of its obligations under this Agreement and any other Transaction Document to which it is a party or under the transactions contemplated hereunder or thereunder. It has all requisite corporate power and authority to acquire, own, transfer and convey Timeshare Loans to the Depositor.
Corporate Authority and Power. As of the Closing Date and as of each Transfer Date, it has, and at all times during the term of this Agreement will have, all requisite corporate power and authority to own its properties, to conduct its business, to execute and deliver this Agreement and all documents and transactions contemplated hereunder and to perform all of its obligations under this Agreement and any other Transaction Document to which it is a party or under the transactions contemplated hereunder or thereunder. To Bluegreen’s Knowledge, as of the Closing Date, the Seller has all requisite corporate power and authority to own its properties, to conduct its business, to execute and deliver this Agreement and all documents and transactions contemplated hereunder and to perform all of its obligations under this Agreement and any other Transaction Document to which it is a party or under the transactions contemplated hereunder or thereunder. To Bluegreen’s Knowledge, as of the Closing Date, the Seller has all requisite power and authority to acquire, own, transfer and convey Timeshare Loans to the Depositor.
Corporate Authority and Power. The Seller has, and at all times during the term of this Agreement will have, all requisite corporate power and authority to own its properties, to conduct its business, to execute and deliver this Agreement and all documents and transactions contemplated hereunder and to perform all of its obligations under this Agreement and any other Transaction Document to which it is a party or under the transactions contemplated hereunder or thereunder. The Seller has all requisite corporate power and authority to acquire, own, transfer and convey the Conveyed Timeshare Property to the Issuer.
Corporate Authority and Power. The execution, delivery and performance of this Guarantee is within the corporate powers of the Guarantor and has been duly authorized by all necessary corporate action.
Corporate Authority and Power. The execution, delivery and performance of this Guaranty is within the corporate powers of the Guarantor and has been duly authorized by all necessary corporate action.
Corporate Authority and Power. The Depositor has, and at all times during the term of this Agreement will have, all requisite corporate power and authority to own its properties, to conduct its business, to execute and deliver this Agreement and all documents and transactions contemplated hereunder and to perform all of its obligations under this Agreement and any other Transaction Document to which it is a party or under the transactions contemplated hereunder or thereunder. The Depositor has all requisite corporate power and authority to acquire, own, transfer and convey the Conveyed Timeshare Property to the Issuer.
Corporate Authority and Power. It has, and at all times during the term of this Agreement will have, all requisite corporate power and authority to own its properties, to conduct its business, to execute and deliver this Agreement and all documents and transactions contemplated hereunder and to perform all of its obligations under this Agreement and any other Transaction Document to which it is a party or under the transactions contemplated hereunder or thereunder. To Bluegreen's Knowledge, the Seller has, and so long as the Warehouse Notes are outstanding, will have all requisite corporate power and authority to own its properties, to conduct its business, to execute and deliver this Agreement and all documents and transactions contemplated hereunder and to perform all of its obligations under this Agreement and any other Transaction Document to which it is a party or under the transactions contemplated hereunder or thereunder. To Bluegreen's Knowledge, the Seller has all requisite power and authority to acquire, own, transfer and convey the Warehouse Timeshare Loans to the Securitization Depositor.
Corporate Authority and Power. The execution, delivery and performance of this Agreement and the other Loan Documents are within the corporate powers of the Borrowers and have been duly authorized by all necessary corporate action.
Corporate Authority and Power. If Borrower is a corporation, the execution, delivery and performance of this Agreement, any note or security agreement or any other instrument or document at any time required in connections with the Loan are within the corporate powers of Borrower, and not in contravention of law, the Articles of Organization or By-Laws of Borrower or any amendment thereof, or of any indenture, agreement or undertaking to which Borrower is a party or may otherwise be bound, and each such instrument and document represents a valid and binding obligation of Borrower and is fully enforceable according to its terms. Borrower will, at the request of Bank at any time and from time to time, furnish Bank with the opinion of counsel for Borrower with respect to any or all of the foregoing or other matters, such opinion to be in substance and form satisfactory to Bank.
Corporate Authority and Power. Buyer has all requisite corporate power and authority to own its properties and to conduct any and all business required or contemplated by this Agreement to be conducted by Buyer and to perform the covenants and obligations to be performed thereunder; the execution and delivery by Buyer of this Agreement is within the corporate power of Buyer and has been duly authorized by all necessary corporate action on the part of Buyer; and neither the execution and delivery of this Agreement by Buyer, nor the consummation by Buyer of the transactions therein contemplated, nor compliance with the provisions thereof by Buyer, shall (i) conflict with or result in a breach of, or shall constitute a default under, any of the provisions of the articles of association or bylaws of Buyer or any law, governmental rule or regulation, or any judgment, decree or order binding on Buyer or its properties, or any of the provisions of any indenture, mortgage, deed of trust, contract or other instrument to which Buyer is a party or by which it is bound or (ii) result in the creation or imposition of any lien, charge or encumbrance upon any of its properties pursuant to the terms of any such indenture, mortgage, deed of trust, contract or other instrument.
