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

Power and Authority; Due Authorization for Execution and Delivery. The execution and delivery by the Purchaser of the Transaction Documents and the performance of its obligations thereunder have been duly authorized by all necessary action on its part and have been duly executed and delivered by the Purchaser.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Kyndryl Holdings, Inc.), Receivables Purchase Agreement (Ibm Credit LLC)

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Power and Authority; Due Authorization for Execution and Delivery. The execution and delivery by the Purchaser Seller of the Transaction Documents and the performance of its obligations thereunder have been duly authorized by all necessary action on its part and have been duly executed and delivered by the PurchaserSeller.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Kyndryl Holdings, Inc.), Receivables Purchase Agreement (Ibm Credit LLC)

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