Common use of Organization and Corporate Power Clause in Contracts

Organization and Corporate Power. It is a duly organized and validly existing national banking association in good standing under the laws of the United States. It has full corporate power, authority and legal right to execute, deliver and perform its obligations as Backup Servicer under this Agreement.

Organization and Corporate Power. It is a duly organized and validly existing national banking association in good standing under the laws of the United States. It has full corporate power, authority and legal right to execute, deliver and perform its obligations as Backup Servicer Collateral Custodian under this Agreement.

Organization and Corporate Power. It is a duly organized and validly existing national banking association in good standing under the laws of the United States. It has full corporate power, authority and legal right to execute, deliver and perform its obligations as Backup Servicer Trustee under this Agreement.

Organization and Corporate Power. It is a duly organized and validly existing national banking association in good standing under the laws of the United Stateseach jurisdiction where its business so requires. It has full corporate power, authority and legal right to execute, deliver and perform its obligations as Backup Servicer Indenture Trustee under this AgreementIndenture and the Transfer and Servicing Agreement (the foregoing documents, the “Indenture Trustee Documents”) and to authenticate the Notes.

Organization and Corporate Power. (i) It is a duly organized and validly existing national banking association in good standing under the laws of the United States. It has full corporate power, authority and legal right to execute, deliver and perform its obligations as Backup Servicer Custodian or Collateral Administrator, as applicable, under this Agreement.

Organization and Corporate Power. It is a duly organized and validly existing national banking association in good standing under the laws Laws of the United States. It has full corporate power, authority and legal right to execute, deliver and perform its obligations as Backup Servicer Collateral Agent, Custodian or Collateral Administrator, as applicable, under this Agreement.

Organization and Corporate Power. It is a duly organized and validly existing national banking association in good standing under the laws of the United States. It has full corporate power, authority and legal right to execute, deliver and perform its obligations as Backup Servicer Collateral Custodian under this Pledge Agreement.

Organization and Corporate Power. It is a duly organized and validly existing national banking association in good standing under the laws Laws of the United States. It has full corporate power, authority and legal right to execute, deliver and perform its obligations as Backup Servicer Collateral Agent, Document Custodian or Collateral Administrator, as applicable, under this AgreementAgreement and each other Facility Document to which it is a party.

Organization and Corporate Power. It is a duly organized and validly existing national banking association in good standing under the laws of the United States. It has full corporate power, authority and legal right to execute, deliver and perform its obligations as Backup Servicer Collateral Agent, Custodian or Collateral Administrator, as applicable, under this Agreement.

Organization and Corporate Power. It is a duly organized and validly existing national banking association in good standing under the laws of the United Stateseach jurisdiction where its business so requires. It has full corporate power, authority and legal right to execute, deliver and perform its obligations as Backup Servicer Indenture Trustee under this AgreementIndenture and the Sale and Servicing Agreement (the foregoing documents, the "Indenture Trustee Documents") and to authenticate the Notes.

Organization and Corporate Power. It is a duly organized and validly existing [national banking association association] in good standing under the laws of the United Stateseach jurisdiction where its business so requires. It has full corporate power, authority and legal right to execute, deliver and perform its obligations as Backup Servicer Indenture Trustee under this AgreementIndenture and the Sale and Servicing Agreement (the foregoing documents, the "INDENTURE TRUSTEE DOCUMENTS") and to authenticate the Notes.

Organization and Corporate Power. It is a duly organized and validly existing national banking association in good standing under the laws Laws of the United States. It has full corporate power, authority and legal right to execute, deliver and perform its obligations as Backup Servicer Collateral Agent, Document Custodian or Collateral Administrator, as applicable, under this Agreement.

Organization and Corporate Power. It is a duly organized and validly existing national banking association in good standing under the laws of the United Stateseach jurisdiction where its business so requires. It has full corporate power, authority and legal right to execute, deliver and perform its obligations as Backup Servicer Indenture Trustee under this AgreementIndenture and the Sale and Servicing Agreement (the foregoing documents, the "INDENTURE TRUSTEE DOCUMENTS") and to authenticate the Notes.

Organization and Corporate Power. It is a duly organized and validly existing national banking association in good standing under the laws of the United Stateseach jurisdiction where its business so requires. It has full corporate power, authority and legal right to execute, deliver and perform its obligations as Backup Servicer Indenture Trustee under this AgreementIndenture and the Related Supplement (the foregoing documents, the "Indenture Trustee Documents") and to authenticate the Class A Notes.

Organization and Corporate Power. It is a duly organized and validly existing national banking association in good standing under the laws of the United States. It has full corporate power, authority and legal right to execute, deliver and perform its obligations as Backup Servicer Collateral Agent or Custodian, as applicable, under this Agreement.