Common use of Organization and Authority of Purchaser Clause in Contracts

Organization and Authority of Purchaser. Purchaser is a duly organized, validly existing Delaware statutory trust in good standing under the laws of the State of Delaware; Purchaser has, and its Eligible Lender Trustee and officers acting on its behalf have, all necessary statutory power and authority to make and perform this Agreement, including (without limitation) the power and authority to purchase Student Loans from Seller under the terms and conditions of this Agreement.

Organization and Authority of Purchaser. Purchaser is a duly organized, validly existing Delaware statutory trust and in good standing under the laws of the State of Delaware; Purchaser has, and its Eligible Lender Trustee Purchaser ELT and officers acting on its behalf have, all necessary statutory power and authority to make and perform this Agreement, including (without limitation) the power and authority to purchase Student Eligible Loans from Seller under the terms and conditions of this Agreement.

Organization and Authority of Purchaser. Purchaser is a duly organized, validly existing Delaware statutory business trust in good standing under the laws of the State of Delaware; Purchaser has, and its Eligible Lender Trustee and officers acting on its behalf have, all necessary statutory power and authority to make and perform this Agreement, including (without limitation) the power and authority to purchase Student Loans from Seller under the terms and conditions of this Agreement.

Organization and Authority of Purchaser. Purchaser is a corporation duly organized, validly existing Delaware statutory trust and in good standing under the laws of the State of Delaware; . 37 Purchaser has, and its Eligible Lender Trustee and officers acting on its behalf have, has all necessary statutory requisite corporate power and authority to make own its assets, to carry on its business as presently conducted by it and perform to enter into this Agreement, including (without limitation) Agreement and each other agreement and instrument to be executed and delivered by it pursuant hereto and consummate the power transactions contemplated hereunder and authority to purchase Student Loans from Seller under the terms and conditions of this Agreementthereunder.

Organization and Authority of Purchaser. Purchaser is a duly organized, validly existing Delaware statutory trust and in good standing under the laws of the State of Delaware; Purchaser has, and its Eligible Lender Trustee Purchaser ELT and officers acting on its behalf have, all necessary statutory power and authority to make and perform this Agreement, including (without limitation) the power and authority to purchase Student Loans from Seller under the terms and conditions of this Agreement.

Organization and Authority of Purchaser. Purchaser is a duly organized, validly existing Delaware statutory trust and in good standing under the laws of the State of Delaware; Purchaser has, and its Eligible Lender Trustee and officers acting on its behalf have, all necessary statutory power and authority to make and perform this Agreement, including (without limitation) the power and authority to purchase Student Loans from Seller under the terms and conditions of this Agreement.