Common use of Corporate Authority and Power Clause in Contracts

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.

Appears in 13 contracts

Samples: Purchase and Contribution Agreement (Bluegreen Vacations Holding Corp), Purchase and Contribution Agreement (BBX Capital Corp), Purchase and Contribution Agreement (BBX Capital Corp)

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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.

Appears in 12 contracts

Samples: Transfer Agreement (Silverleaf Resorts Inc), Transfer Agreement (Silverleaf Resorts Inc), Transfer Agreement (Silverleaf Resorts Inc)

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 The Seller has all requisite corporate power and authority to acquire, own, transfer and convey Timeshare Loans to the Depositor.

Appears in 7 contracts

Samples: Purchase and Contribution Agreement (Bluegreen Vacations Holding Corp), Omnibus Amendment (BBX Capital Corp), Omnibus Amendment (Bluegreen Vacations Corp)

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 DepositorIssuer.

Appears in 6 contracts

Samples: Sale Agreement (Bluegreen Vacations Holding Corp), Omnibus Amendment (BBX Capital Corp), Omnibus Amendment (Bluegreen Vacations Corp)

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.5

Appears in 4 contracts

Samples: Purchase and Contribution Agreement (BBX Capital Corp), Purchase and Contribution Agreement (Bluegreen Vacations Holding Corp), Purchase and Contribution Agreement (Bluegreen Vacations Corp)

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 the Timeshare Loans to the DepositorIssuer.

Appears in 2 contracts

Samples: Sale Agreement (Bluegreen Corp), Sale Agreement (Bluegreen Corp)

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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 The Depositor has all requisite corporate power and authority to acquire, own, transfer and convey Timeshare Loans to the DepositorIssuer.

Appears in 1 contract

Samples: Sale Agreement (Bluegreen Corp)

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 The Seller has all requisite corporate power and authority to acquire, own, transfer and convey the Timeshare Loans to the DepositorPurchaser.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Bluegreen Corp)

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 The Seller has all requisite corporate power and authority to acquire, own, transfer and convey Timeshare Loans to the Depositor.5

Appears in 1 contract

Samples: Purchase and Contribution Agreement (BBX Capital Corp)

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