Common use of Organization, Power and Qualification Clause in Contracts

Organization, Power and Qualification. Bank is a Delaware state bank duly organized, validly existing and in good standing under the laws of the United States of America and has full corporate power and authority to enter into this Agreement and to carry out the provisions of this Agreement. Bank is duly qualified and in good standing to do business in all jurisdictions where such qualification is necessary for Bank to carry out its obligations under this Agreement.

Appears in 2 contracts

Samples: Private Label and Co Brand Credit Card Program Agreement (Bread Financial Holdings, Inc.), Private Label Credit Card Program Agreement (Alliance Data Systems Corp)

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Organization, Power and Qualification. Bank is a duly organized and validly existing Delaware state bank duly organized, validly existing and in good standing under the laws of the United States of America and has the full corporate power and authority to enter into this Agreement and to carry out the provisions of this Agreement. Bank is duly qualified and in good standing , including making revolving credit card loans to do business in all jurisdictions where such qualification is necessary for Bank to carry out its obligations under this Agreementconsumers.

Appears in 1 contract

Samples: Private Label Credit Card Plan Agreement

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Organization, Power and Qualification. Bank is a Delaware state bank duly organized, validly existing and in good standing under the laws of the United States state of America Delaware and has full corporate power and authority to enter into this Agreement and to carry out the provisions of this Agreement. Bank is duly qualified and in good standing to do business in all jurisdictions where such qualification is necessary for Bank to carry out its obligations under this Agreement.

Appears in 1 contract

Samples: Private Label Credit Card Program Agreement (New York & Company, Inc.)

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