Power and Authority; Due Authorization. The Issuing Entity (i) has the power and authority to (A) execute and deliver this Agreement and the other Transaction Documents to which it is a party and (B) carry out the terms of this Agreement and the other Transaction Documents to which it is a party and (ii) has duly authorized by all necessary action on its part the execution, delivery and performance of this Agreement and the other Transaction Documents to which it is a party.
Appears in 57 contracts
Samples: Receivables Contribution Agreement (Carvana Auto Receivables Trust 2024-P4), Receivables Contribution Agreement (Carvana Auto Receivables Trust 2024-P3), Receivables Contribution Agreement (Carvana Auto Receivables Trust 2024-P2)
Power and Authority; Due Authorization. The Issuing Entity (iA) has the power and authority to (A1) execute and deliver this Agreement and the other Transaction Documents to which it is a party and (B2) carry out the terms of this Agreement and the other Transaction Documents to which it is a party party, and (iiB) has duly authorized by all necessary action on its part the execution, delivery and performance of this Agreement and the other Transaction Documents to which it is a party.
Appears in 6 contracts
Samples: Receivables Transfer Agreement (Carvana Auto Receivables Trust 2024-P2), Receivables Transfer Agreement (Carvana Auto Receivables Trust 2024-P2), Receivables Transfer Agreement (Carvana Auto Receivables Trust 2024-P4)
