Common use of Organizational and Other Documents Clause in Contracts

Organizational and Other Documents. The Initial Lender shall have received certified copies of the organizational documents of the Borrower and of AutoBond and of all formalities authorizing the execution, delivery and performance hereof and of the Program Documents to which each is a party and, in the case of the Borrower, the Note.

Organizational and Other Documents. The Initial Lender shall have received certified copies of the organizational documents of the Borrower and of AutoBond Epic and of all formalities authorizing the execution, delivery and performance hereof and of the Program Documents to which each is a party and, in the case of the Borrower, the Funding Note. The Borrower shall be a special purpose bankruptcy remote corporation.