Organization and Good Standing; Qualification. The Seller has been duly organized and is validly existing as a limited liability company in good standing under the laws of the State of Delaware, with the power and authority to own or lease its properties and to conduct its activities as such properties are currently owned or leased and such activities are currently conducted.
Appears in 74 contracts
Samples: Sale Agreement (Mercedes-Benz Auto Lease Trust 2024-A), Sale Agreement (Mercedes-Benz Auto Lease Trust 2024-A), Sale Agreement (Mercedes-Benz Auto Lease Trust 2024-A)