Organization and Good Standing. The Depositor has been duly formed and is validly existing as an entity in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted;
Appears in 135 contracts
Samples: Trust Sale Agreement (Ally Auto Receivables Trust 2024-1), Trust Sale Agreement (Ally Auto Receivables Trust 2024-1), Trust Sale Agreement (Ally Auto Receivables Trust 2023-1)
Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a limited liability company in good standing under the laws of the State of Delaware, with power has the power, authority and authority legal right to own its properties and to conduct its business as such properties are presently currently owned and such business is presently currently conducted;, and has the power, authority and legal right to acquire, own and sell the Receivables.
Appears in 120 contracts
Samples: Sale and Servicing Agreement (CarMax Auto Owner Trust 2024-3), Sale and Servicing Agreement (Carmax Auto Funding LLC), Sale and Servicing Agreement (Carmax Auto Funding LLC)
Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity a limited liability company in good standing under the laws of the State of Delaware, with the requisite power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, the requisite power, authority and legal right to acquire and own the Receivables.
Appears in 102 contracts
Samples: Sale and Servicing Agreement (World Omni Select Auto Trust 2024-A), Sale and Servicing Agreement (World Omni Select Auto Trust 2024-A), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2024-B)
Organization and Good Standing. The Depositor has been duly formed and is validly existing as an entity in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire and own the Receivables;
Appears in 101 contracts
Samples: Servicing Agreement (Ally Auto Receivables Trust 2024-1), Servicing Agreement (Ally Auto Receivables Trust 2024-1), Servicing Agreement (Ally Auto Receivables Trust 2023-1)
Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with corporate power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, corporate power, authority and legal right to acquire and own the Receivables.
Appears in 58 contracts
Samples: Trust Agreement (Nissan Auto Receivables 2015-C Owner Trust), Trust Agreement (Nissan Auto Receivables 2015-C Owner Trust), Trust Agreement (Nissan Auto Receivables Corp Ii)
Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a limited liability company in good standing under the laws of the State of Delaware, with the power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;.
Appears in 46 contracts
Samples: Sale and Servicing Agreement (Hyundai Auto Receivables Trust 2024-B), Sale and Servicing Agreement (Hyundai Auto Receivables Trust 2024-B), Sale and Servicing Agreement (Hyundai Auto Receivables Trust 2024-A)
Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with the corporate power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;.
Appears in 46 contracts
Samples: Sale and Servicing Agreement (Hyundai Auto Receivables Trust 2015-C), Sale and Servicing Agreement (Hyundai Auto Receivables Trust 2015-B), Sale and Servicing Agreement (Hyundai Auto Receivables Trust 2015-A)
Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity in good standing under the laws of the State of Delaware, a Delaware statutory trust with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;conducted and is proposed to be conducted pursuant to this Agreement and the Basic Documents.
Appears in 44 contracts
Samples: Trust Agreement (Exeter Automobile Receivables Trust 2024-4), Trust Agreement (Exeter Automobile Receivables Trust 2024-4), Trust Agreement (Exeter Automobile Receivables Trust 2024-3)
Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a limited liability company in good standing under the laws of the State of Delaware, with the power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, including the power, authority and legal right to acquire and sell the Receivables.
Appears in 42 contracts
Samples: Receivables Purchase Agreement (Hyundai Auto Receivables Trust 2024-B), Receivables Purchase Agreement (Hyundai Auto Receivables Trust 2024-B), Receivables Purchase Agreement (Hyundai Auto Receivables Trust 2024-A)
Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a limited liability company in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, power, authority and legal right to acquire, own and sell the Receivables.
Appears in 37 contracts
Samples: Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2024-1), Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2024-1), Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2023-2)
Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with the corporate power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, including the corporate power, authority and legal right to acquire and sell the Receivables.
Appears in 32 contracts
Samples: Receivables Purchase Agreement (Hyundai Auto Receivables Trust 2015-C), Receivables Purchase Agreement (Hyundai Auto Receivables Trust 2015-B), Receivables Purchase Agreement (Hyundai Auto Receivables Trust 2015-A)
Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a limited liability company in good standing under the laws of the State of Delaware, with the power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;.
Appears in 20 contracts
Samples: Trust Agreement (Nissan Auto Leasing LLC Ii), Trust Agreement (Nissan Auto Lease Trust 2013-A), Trust Agreement (Nissan Auto Lease Trust 2013-A)
Organization and Good Standing. The Depositor has shall have been duly formed organized and is shall be validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently shall be currently owned and such business is presently conducted;, and had at all relevant times, and shall have, power, authority, and legal right to acquire and own the Receivables.
Appears in 16 contracts
Samples: Pooling and Servicing Agreement (Uacsc 1997-C Auto Trust), Pooling and Servicing Agreement (Uacsc 1997-D Auto Trust), Pooling and Servicing Agreement (Uacsc 1997-a Auto Trust)
Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity in good standing under the laws of the State of Delaware, a Delaware corporation with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;conducted and is proposed to be conducted pursuant to this Agreement and the Basic Documents.
Appears in 14 contracts
Samples: Trust Agreement (UPFC Auto Receivables Corp.), Trust Agreement (UPFC Auto Receivables Trust 2006-A), Trust Agreement (UPFC Auto Receivables Trust 2006-B)
Organization and Good Standing. The Depositor has been is duly formed formed, validly existing, and is validly existing as an entity in good standing under the laws of the State state of Delawareits formation, with and has the power and the authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;.
Appears in 13 contracts
Samples: Trust Agreement (Nissan Auto Leasing LLC Ii), Trust Agreement (Nissan Auto Lease Trust 2023-A), Trust Agreement (Nissan Auto Lease Trust 2023-A)
Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity in good standing under the laws of the State of Delaware, a Delaware limited liability company with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;conducted and is proposed to be conducted pursuant to the Basic Documents.
Appears in 10 contracts
Samples: Trust Agreement (Triad Financial Special Purpose LLC), Trust Agreement (Triad Financial Special Purpose LLC), Trust Agreement (Triad Financial Special Purpose LLC)
Organization and Good Standing. The Depositor has been is duly formed formed, validly existing, and is validly existing as an entity in good standing under the laws of the State of Delawareits formation, with and has the power and the authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;.
Appears in 6 contracts
Samples: Trust Agreement (Nissan Auto Lease Trust 2024-B), Trust Agreement (Nissan Auto Lease Trust 2024-B), Trust Agreement (Nissan Auto Lease Trust 2024-A)
Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity in good standing under the laws of the State of Delaware, a Delaware limited liability company with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;.
Appears in 6 contracts
Samples: Trust Agreement (Franklin Auto Trust 2005-1), Trust Agreement (Franklin Auto Trust 2008-A), Trust Agreement (Franklin Auto Trust 2006-1)
Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a limited liability company in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, the power, authority and legal right to acquire, own and sell the Receivables.
Appears in 6 contracts
Samples: Sale and Servicing Agreement (Daimler Trucks Retail Trust 2024-1), Sale and Servicing Agreement (Daimler Trucks Retail Trust 2024-1), Sale and Servicing Agreement (Daimler Trucks Retail Trust 2023-1)
Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with the corporate power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, the corporate power, authority and legal right to acquire and own the Receivables.
Appears in 6 contracts
Samples: Sale and Servicing Agreement (Citigroup Vehicle Securities Inc), Sale and Servicing Agreement (Nal Financial Group Inc), Sale and Servicing Agreement (Nal Financial Group Inc)
Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, Delaware with the corporate power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, the power, authority and legal right to acquire and own the Receivables.
Appears in 5 contracts
Samples: Form of Sale and Servicing Agreement (Mellon Auto Receivables Corp), Pooling and Servicing Agreement (Mellon Auto Grantor Trust 2000-2), Pooling and Servicing Agreement (Mellon Auto Receivables Corp)
Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity in good standing under the laws of the State of Delaware, a Delaware business trust with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;conducted and is proposed to be conducted pursuant to this Agreement and the Basic Documents.
Appears in 5 contracts
Samples: Trust Agreement (National Auto Finance Co Inc), Trust Agreement (National Auto Finance Co Inc), Trust Agreement (Americredit Financial Services Inc)
Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently currently conducted;. The Depositor is not organized under the laws of any jurisdiction other than Delaware.
Appears in 4 contracts
Samples: Sale and Servicing Agreement (Americredit Corp), Sale and Servicing Agreement (Bay View Capital Corp), Sale and Servicing Agreement (Bay View Capital Corp)
Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently currently conducted;, and had at all relevant times, and now has, power, authority and legal right to acquire, own and transfer the Contracts and the other property transferred to the Issuer.
Appears in 3 contracts
Samples: Transfer and Servicing Agreement (Capita Equipment Receivables Trust 1996-1), Transfer and Servicing Agreement (Antigua Funding Corp), Transfer and Servicing Agreement (Antigua Funding Corp)
Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with power has the power, authority and authority legal right to own its properties and to conduct its business as such properties are presently currently owned and such business is presently currently conducted;, and has the power, authority and legal right to acquire, own and sell the Contracts.
Appears in 3 contracts
Samples: Sale and Allocation Agreement (First Investors Financial Services Group Inc), Sale and Allocation Agreement (First Investors Financial Services Group Inc), Sale and Allocation Agreement (First Investors Financial Services Group Inc)
Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with the power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, the power, authority and legal right to acquire and own the Receivables.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (Ml Asset Backed Corp), Sale and Servicing Agreement (Painewebber Asset Acceptance Corp), Sale and Servicing Agreement (Ml Asset Backed Corp)
Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, Delaware with the power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, the power, authority and legal right to acquire and own the Receivables.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (Painewebber Asset Acceptance Corp), Sale and Servicing Agreement (Ml Asset Backed Corp), Sale and Servicing Agreement (Ml Asset Backed Corp)
Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with the corporate power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted;conducted and to execute, deliver and perform its obligations under this Agreement and the other Basic Documents to which it is a party.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Long Beach Holdings Corp), Pooling and Servicing Agreement (Long Beach Acceptance Corp), Pooling and Servicing Agreement (Long Beach Holdings Corp)
Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a limited liability company in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, power, authority, and legal right to acquire and own the Receivables.
Appears in 3 contracts
Samples: Supplement Agreement (Usaa Acceptance LLC), Supplement Agreement (Usaa Acceptance LLC), Supplement Agreement (Usaa Acceptance LLC)
Organization and Good Standing. The Depositor has shall have been duly formed organized and is shall be validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently shall be currently owned and such business is presently conducted;, and had at all relevant times, and shall have, power, authority and legal right to acquire and own the Receivables.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Nationscredit Grantor Trust 1997-1), Pooling and Servicing Agreement (Cit Group Inc), Nationscredit Securitization Corp
Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with corporate power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, corporate power, authority and legal right to acquire and own the Receivables. 3 (Nissan 2013-C Amended & Restated Trust Agreement)
Appears in 2 contracts
Samples: Trust Agreement (Nissan Auto Receivables 2013-C Owner Trust), Trust Agreement (Nissan Auto Receivables 2013-C Owner Trust)
Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity in good standing under the laws of the State of Delaware, a Delaware corporation with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;conducted and is proposed to be conducted pursuant to this Agreement and the Transaction Documents.
Appears in 2 contracts
Samples: Trust Agreement (Bay View Capital Corp), Trust Agreement (Bay View Capital Corp)
Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with corporate power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, corporate power, authority and legal right to acquire and own the Receivables. 3 (Nissan 2012-B Amended & Restated Trust Agreement)
Appears in 2 contracts
Samples: Trust Agreement (Nissan Auto Receivables 2012-B Owner Trust), Trust Agreement (Nissan Auto Receivables 2012-B Owner Trust)
Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a limited liability company in good standing under the laws of the State of Delaware, with power and an authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has power, authority and legal right to acquire, own and sell the Financed Student Loans.
Appears in 2 contracts
Samples: Loan Sale Agreement (Wells Fargo Student Loans Receivables I LLC), Loan Sale Agreement (Wells Fargo Student Loans Receivables I LLC)
Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire and own the Second Step Purchased Property;
Appears in 2 contracts
Samples: Trust Sale and Administration Agreement (Central Originating Lease Trust), Trust Sale and Administration Agreement (Central Originating Lease Trust)
Organization and Good Standing. The Depositor has been is duly formed organized ------------------------------ and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, Delaware with the power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, the power, authority and legal right to acquire and own the Receivables.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Prudential Securities Secured Financing Corp), Sale and Servicing Agreement (Prudential Securities Secured Financing Corp)
Organization and Good Standing. The Depositor has been duly formed and is validly existing as an entity in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted;.
Appears in 2 contracts
Samples: Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2016-3), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2016-3)
Organization and Good Standing. The Depositor has shall have been duly formed organized and is shall be validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently shall be currently owned and such business is presently now conducted;, and had at all relevant times, and shall have, power, authority and legal right to acquire and own the Receivables.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Nationscredit Grantor Trust 1997-2), Nationscredit Grantor Trust 1997-2
Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a limited liability company in good standing under the laws of the State of Delaware, with the power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;. (NALT 2010-B Amended and Restated Trust Agreement)
Appears in 2 contracts
Samples: Trust Agreement (Nissan Auto Lease Trust 2010-B), Trust Agreement (Nissan Auto Lease Trust 2010-B)
Organization and Good Standing. The Depositor has been duly formed ------------------------------ organized and is validly existing as an entity a limited liability company in good standing under the laws of the State of Delaware, with power has the power, authority and authority legal right to own its properties and to conduct its business as such properties are presently currently owned and such business is presently currently conducted;, and has the power, authority and legal right to acquire, own and sell the Receivables.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Pooled Auto Securities Shelf LLC), Sale and Servicing Agreement (Pooled Auto Securities Shelf LLC)
Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with the corporate power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently currently conducted;.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (National City Bank /), Receivables Purchase Agreement (Fifth Third Auto Trust 2004-A)
Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a limited liability company in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted;, and had at all relevant times, and now has, power, authority and legal right to acquire and own the Eligible Receivables in the Scheduled Accounts and the Collateral Security related thereto.
Appears in 2 contracts
Samples: Trust Sale and Servicing Agreement (SWIFT Master Auto Receivables Trust), Trust Sale and Servicing Agreement (Wholesale Auto Receivables LLC)
Organization and Good Standing. The Depositor has been is duly formed organized ------------------------------ and is validly existing as an entity in good standing under the laws of the State of Delaware, a Delaware corporation with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;conducted and is proposed to be conducted pursuant to this Agreement and the Basic Documents.
Appears in 1 contract
Samples: Trust Agreement (Prudential Securities Secured Financing Corp)
Organization and Good Standing. The Depositor has been is duly formed ------------------------------ organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with the power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, the power, authority and legal right to acquire and own the Receivables.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Prudential Securities Secured Financing Corp)
Organization and Good Standing. The Depositor has been is duly formed ------------------------------ organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with the corporate power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;.
Appears in 1 contract
Samples: Sale and Servicing Agreement (SSB Vehicle Securities Inc)
Organization and Good Standing. The Depositor has been duly formed ------------------------------ organized and is validly existing as an entity a limited liability company in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, power, authority and legal right to acquire, own and sell the Receivables.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Pooled Auto Securities Shelf LLC)
Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with the corporate power and authority to own its properties and to conduct its business business. as such properties are presently currently owned and such business is presently conducted;.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Morgan Stanley Auto Loan Trust 2004-Hb2)
Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with the corporate power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;. Sale and Servicing Agreement
Appears in 1 contract
Samples: Sale and Servicing Agreement (GS Auto Loan Trust 2005-1)
Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with power and authority to own execute, deliver and perform its properties and to conduct its business as such properties are presently owned and such business is presently conducted;obligations under this Agreement
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Financial Asset Securities Corp)
Organization and Good Standing. The Depositor has been is duly formed ------------------------------ organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with the corporate power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, the corporate power, authority and legal right to acquire and own the Receivables.
Appears in 1 contract
Samples: Form of Sale and Servicing Agreement (Morgan Stanley Abs Capital Ii Inc)
Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity in good standing under the laws of the State of Delaware, a Delaware corporation with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;now conducted and is proposed to be conducted pursuant to this Agreement and the Basic Documents.
Appears in 1 contract
Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with corporate power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, corporate power, authority and legal right to acquire and own the Receivables. 7 (Nissan 2008-A Amended & Restated Trust Agreement)
Appears in 1 contract
Organization and Good Standing. The Depositor has been duly formed incorporated and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with and has full corporate power and authority to execute, deliver and perform its obligations under this Agreement and, in all material respects, to own its properties property and to conduct its business as such properties are presently owned and such business is presently conducted;.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Navistar International Corp)
Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity in good standing under the laws of the State of Delaware, a Delaware corporation with power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted;to
Appears in 1 contract
Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, the corporate power, authority and legal right to acquire and own the Receivables.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Ml Asset Backed Corp)
Organization and Good Standing. The Depositor has been duly formed incorporated and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted;, and had at all relevant times, and now has, power, authority and legal right to acquire and own the Eligible Receivables in the Accounts in the Pool of Accounts and the Collateral Security related thereto.
Appears in 1 contract
Samples: Trust Sale and Servicing Agreement (Wholesale Auto Receivables Corp)
Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with the corporate power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Hyundai Abs Funding Corp)
Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently currently conducted;, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Receivables and the other property transferred to the Trust.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Painewebber Asset Acceptance Corp)
Organization and Good Standing. The Depositor has been is duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with the corporate power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;. (2011-A Sale and Servicing Agreement)
Appears in 1 contract
Samples: Sale and Servicing Agreement (Hyundai Auto Receivables Trust 2011-A)
Organization and Good Standing. The Depositor has been is duly formed ------------------------------ organized and is validly existing as an entity in good standing under the laws of the State of Delaware, a Delaware corporation with power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;conducted and is proposed to be conducted pursuant to this Agreement and the Basic Documents.
Appears in 1 contract
Samples: Trust Agreement (Prudential Securities Secured Financing Corp)
Organization and Good Standing. The Depositor has been duly formed organized and is validly existing as an entity a corporation in good standing under the laws of the State of Delaware, with corporate power and authority to own its properties and to conduct its business as such properties are presently currently owned and such business is presently conducted;, and had at all relevant times, and has, corporate power, authority and legal right to acquire and own the Receivables. (Nissan 2008-C Amended & Restated Trust Agreement)
Appears in 1 contract
Samples: Trust Agreement (Nissan Auto Receivables 2008-C Owner Trust)