Common use of Power and Authority; Due Authorization; Execution and Delivery Clause in Contracts

Power and Authority; Due Authorization; Execution and Delivery. The Seller (i) has all necessary corporate power, authority and legal right to (a) execute and deliver this Agreement and (b) carry out the terms of this Agreement and (ii) has duly authorized by all necessary corporate action the execution, delivery and performance of this Agreement and the sale and assignment of an ownership interest in each Collateral Obligation on the terms and conditions herein provided. This Agreement has been duly executed and delivered by the Seller.

Power and Authority; Due Authorization; Execution and Delivery. The Seller (i) Purchaser has all necessary corporate power, authority and legal right to (a) execute and deliver this Agreement and (b) to carry out the terms of this Agreement hereof and (ii) has duly authorized by all necessary corporate action to acquire the Sale Portfolio; and the execution, delivery and performance of this Agreement and all of the sale and assignment of an ownership interest in each Collateral Obligation on the terms and conditions herein provided. This Agreement has documents required pursuant hereto have been duly executed and delivered authorized by the SellerPurchaser by all necessary limited liability company action.

Power and Authority; Due Authorization; Execution and Delivery. The Seller Purchaser (i) has all necessary corporate power, authority and legal right to (a) execute and deliver this Agreement and (b) carry out the terms of this Agreement and (ii) has duly authorized by all necessary corporate action the execution, delivery and performance of this Agreement and the sale and assignment Purchase of an ownership interest in each Collateral Obligation the Sale Portfolio on the terms and conditions herein provided. This Agreement has and each other Transaction Document to which the Purchaser is a party have been duly executed and delivered by the SellerPurchaser.

Power and Authority; Due Authorization; Execution and Delivery. The Seller Buyer (i) has all necessary corporate requisite power, authority and legal right to (a) execute execute, deliver and deliver perform this Agreement and Agreement, (b) carry out the terms of this Agreement and (c) purchase the Claims on the terms and conditions provided herein and (ii) has duly authorized by all necessary corporate requisite action the execution, delivery and performance of this Agreement and the sale and assignment purchase of an ownership interest in each Collateral Obligation the Claims on the terms and conditions herein provided. This Agreement has been duly executed and delivered by the SellerBuyer.

Power and Authority; Due Authorization; Execution and Delivery. The Seller Buyer (i) has all necessary corporate limited liability company power, authority and legal right to (a) execute and deliver this Agreement and Agreement, (b) carry out the terms of this Agreement Agreement, and (ii) has duly authorized by all necessary corporate limited liability company action the execution, delivery and performance of this Agreement and the sale and assignment purchase of an ownership interest in each Collateral Obligation the Transferred Assets on the terms and conditions herein provided. This Agreement has been duly executed and delivered by the SellerBuyer.

Power and Authority; Due Authorization; Execution and Delivery. The Seller (i) has all necessary corporate power, the power and authority and legal right to (a) execute and deliver this Agreement and (b) to carry out the terms of this Agreement Agreement, and (ii) has duly authorized authorized, by all necessary corporate action action, the execution, delivery and performance of this Agreement and the sale and assignment of an ownership interest in each Collateral Obligation the Purchased Assets on the terms and conditions herein provided. This Agreement has been duly executed and delivered by the Seller.

Power and Authority; Due Authorization; Execution and Delivery. The Seller (i) Buyer has all necessary corporate power, the power and authority and legal right to (a) execute and deliver this Agreement and (b) to carry out the terms of this Agreement Agreement, and (ii) has duly authorized by all necessary corporate action the execution, delivery and performance of this Agreement and the sale and assignment purchase of an ownership interest in each Collateral Obligation the Purchased Assets on the terms and conditions herein provided. This Agreement has been duly executed and delivered by the SellerBuyer.

Power and Authority; Due Authorization; Execution and Delivery. The Seller (i) has all necessary corporate power, authority and legal right to (a) execute and deliver this Agreement and each Loan Assignment and (b) carry out the terms of this Agreement and each Loan Assignment and (ii) has duly authorized by all necessary corporate action the execution, delivery and performance of this Agreement and each Loan Assignment and the sale and assignment of an ownership interest in each Collateral Obligation Sale Portfolio on the terms and conditions herein provided. This Agreement has and each Loan Assignment have been duly executed and delivered by the Seller.

Power and Authority; Due Authorization; Execution and Delivery. The Seller (i) has all necessary corporate limited liability company power, authority and legal right to (a) execute and deliver this Agreement Agreement, and (b) carry out the terms of this Agreement Agreement, and (ii) has duly authorized by all necessary corporate action limited liability company action, the execution, delivery and performance of this Agreement and the sale transfer and assignment of an ownership and security interest in each Collateral Obligation the Conveyed Assets on the terms and conditions herein provided. This Agreement has been duly executed and delivered by the Seller.

Power and Authority; Due Authorization; Execution and Delivery. The Seller Buyer (i) has all necessary corporate requisite power, authority and legal right to (a) execute execute, deliver and deliver performance this Agreement and Agreement, (b) carry out the terms of this Agreement and (c) purchase the Claims on the terms and conditions provided herein and (ii) has duly authorized by all necessary corporate requisite action the execution, delivery and performance of this Agreement and the sale and assignment purchase of an ownership interest in each Collateral Obligation the Claims on the terms and conditions herein provided. This Agreement has been duly executed and delivered by the SellerBuyer.

Power and Authority; Due Authorization; Execution and Delivery. The Seller (i) has all necessary corporate statutory trust power, authority and legal right to (a) execute and deliver this Agreement and (b) carry out the terms of this Agreement and (ii) has duly authorized by all necessary corporate action the execution, delivery and performance of this Agreement and the sale and assignment of an ownership interest in each Collateral Obligation on the terms and conditions herein provided. This Agreement has been duly executed and delivered by the Seller.