Common use of Incorporation, Capacity and Authorization Clause in Contracts

Incorporation, Capacity and Authorization. (I) Funding 2 is a private limited company duly incorporated and validly existing under the laws of England and Wales, with full power and capacity to conduct its business as described in the Prospectus, to execute this Agreement and the other Legal Agreements to which it is a party and to undertake and perform the obligations expressed to be assumed by it herein and therein; and has taken all necessary action to approve and authorize the same; and Funding 2 is lawfully qualified to do business in England and Wales. Funding 2 has not taken any corporate action nor (to the best of its knowledge and belief) have any other steps been taken or legal proceedings been started or threatened against it for its winding-up, dissolution or reorganization or for the appointment of a receiver, administrator, administrative receiver or similar officer of it or of any or all of its assets or revenues; and (II) The Mortgages Trustee is duly incorporated and validly existing under the laws of Jersey, Channel Islands, with full power and authority to conduct its business as described in the Prospectus, is lawfully qualified to do business in Jersey and has full power and capacity to execute this Agreement and the other Legal Agreements to which it is a party, and to undertake and perform the obligations expressed to be assumed by it herein and therein; and it has taken all necessary action to approve and authorize the same. The Mortgages Trustee has not taken any corporate action nor (to the best of its knowledge and belief) have any other steps been taken or legal proceedings been started or threatened against it for its winding-up, dissolution or reorganization or for the appointment of a receiver, administrator, administrative receiver or similar officer of it or of any or all of its assets or revenues.

Incorporation, Capacity and Authorization. (I) Funding 2 is a private limited company duly incorporated and validly existing under the laws of England and Wales, with full power and capacity to conduct its business as described in the Prospectus, has full power and capacity to execute this Agreement and the other Legal Agreements to which it is a party and to undertake and perform the obligations expressed to be assumed by it herein and therein; and has taken all necessary action to approve and authorize the same; and Funding 2 is lawfully qualified to do business in England and Wales. Funding 2 has not taken any corporate action nor or (to the best of its knowledge and belief) have any other steps been taken or legal proceedings been started or threatened against it for its winding-up, dissolution or reorganization or for the appointment of a receiver, administrator, administrative receiver or similar officer of it or of any or all of its assets or revenues; and; (II) The Mortgages Trustee is duly incorporated and validly existing under the laws of Jersey, Channel Islands, with full power and authority to conduct its business as described in the Prospectus, is lawfully qualified to do business in Jersey and has full power and capacity to execute this Agreement and the other Legal Agreements to which it is a party, and to undertake and perform the obligations expressed to be assumed by it herein and therein; and it has taken all necessary action to approve and authorize the same. The Mortgages Trustee has not taken any corporate action nor or (to the best of its knowledge and belief) have any other steps been taken or legal proceedings been started or threatened against it for its winding-up, dissolution or reorganization or for the appointment of a receiver, administrator, administrative receiver or similar officer of it or of any or all of its assets or revenues.-------------------------------------------------------------------------------

Incorporation, Capacity and Authorization. (I) Funding 2 is a private limited company duly incorporated and validly existing under the laws of England and Wales, with full power and capacity to conduct its business as described in the Prospectus, has full power and capacity to execute this Agreement and the other Legal Agreements to which it is a party and to undertake and perform the obligations expressed to be assumed by it herein and therein; and has taken all necessary action to approve and authorize the same; and Funding 2 is lawfully qualified to do business in England and Wales. Funding 2 has not taken any corporate action nor or (to the best of its knowledge and belief) have any other steps been taken or legal proceedings been started or threatened against it for its winding-up, dissolution or reorganization or for the appointment of a receiver, administrator, administrative receiver or similar officer of it or of any or all of its assets or revenues; and; (II) The Mortgages Trustee is duly incorporated and validly existing under the laws of Jersey, Channel Islands, with full power and authority to conduct its business as described in the Prospectus, is lawfully qualified to do business in Jersey and has full power and capacity to execute this Agreement and the other Legal Agreements to which it is a party, and to undertake and perform the obligations expressed to be assumed by it herein and therein; and it has taken all necessary action to approve and authorize the same. The Mortgages Trustee has not taken any corporate action nor or (to the best of its knowledge and belief) have any other steps been taken or legal proceedings been started or threatened against it for its winding-up, dissolution or reorganization or for the appointment of a receiver, administrator, administrative receiver or similar officer of it or of any or all of its assets or revenues.-------------------------------------------------------------------------