Common use of Power and Authority of the Administrator Clause in Contracts

Power and Authority of the Administrator. The Administrator has the corporate power and authority to execute and deliver this Agreement and to carry out its terms, and the execution, delivery and performance of this Agreement have been duly authorized by the Administrator by all necessary corporate action.

Appears in 9 contracts

Samples: Administration Agreement (Goldman Sachs Asset Backed Securities Corp), Administration Agreement (Nellie Mae Education Loan Corp), Administration Agreement (Asset Backed Securities Corp)

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Power and Authority of the Administrator. The Administrator has the corporate power and authority to execute and deliver this Agreement and the Administration Agreement and to carry out its their terms, and the execution, delivery and performance of this Agreement and the Administration Agreement have been duly authorized by the Administrator by all necessary corporate action.

Appears in 6 contracts

Samples: Sale and Servicing Agreement (Keycorp Student Loan Trust 2000-B), Sale and Servicing Agreement (Keycorp Student Loan Trust 2000-A), Sale and Servicing Agreement (Key Bank Usa National Association)

Power and Authority of the Administrator. The Administrator has the corporate power and authority to execute and deliver this Agreement and the Administration Agreement and to carry out its their respective terms, ; and the execution, delivery and performance of this Agreement and the Administration Agreement have been duly authorized by the Administrator by all necessary corporate action.

Appears in 5 contracts

Samples: Third Supplemental Sale and Servicing Agreement (Classnotes Trust 1995-1 Asset Backed Ser 1996-2), Sale and Servicing Agreement (Classnotes Inc), Sale and Servicing Agreement (Classnotes Inc)

Power and Authority of the Administrator. The Administrator has the requisite corporate power and authority to execute and deliver this Agreement and the Administration Agreement and to carry out its their respective terms, ; and the execution, delivery and performance of this Agreement and the Administration Agreement have been duly authorized by the Administrator by all necessary corporate actionaction on its part.

Appears in 4 contracts

Samples: Transfer and Servicing Agreement (Crestar Bank /Va), Transfer and Servicing Agreement (PNC Student Loan Trust I), Transfer and Servicing Agreement (Crestar Bank /Va)

Power and Authority of the Administrator. The Administrator has taken all action necessary to authorize the corporate power execution and authority delivery by it of this Agreement, and this Agreement will be executed and delivered by one of its officers who is duly authorized to execute and deliver this Agreement and to carry out on its terms, and the execution, delivery and performance of this Agreement have been duly authorized by the Administrator by all necessary corporate actionbehalf.

Appears in 4 contracts

Samples: Administration Agreement (Wells Fargo Student Loans Receivables I LLC), Administration Agreement (SLC Student Loan Receivables I Inc), Administration Agreement (Wells Fargo Student Loans Receivables I LLC)

Power and Authority of the Administrator. The Administrator has taken all action necessary to authorize the corporate power execution and authority delivery by it of this Agreement, and this Agreement has been executed and delivered by one of its officers who is duly authorized to execute and deliver this Agreement and to carry out on its terms, and the execution, delivery and performance of this Agreement have been duly authorized by the Administrator by all necessary corporate actionbehalf.

Appears in 2 contracts

Samples: Administration Agreement (Pheaa Student Loan Trust I), Administration Agreement (Pheaa Student Loan Foundation Inc)

Power and Authority of the Administrator. The Administrator has the corporate power and authority to execute and deliver this Agreement and to carry out its terms, and the execution, delivery and performance of this Agreement have has been duly authorized by the Administrator by all necessary corporate action.

Appears in 2 contracts

Samples: Administration Agreement (Signet Student Loan Trusts), Administration Agreement (Usa Group Secondary Market Services Inc)

Power and Authority of the Administrator. The Administrator has ---------------------------------------- the corporate power and authority to execute and deliver this Agreement and to carry out its terms, and the execution, delivery and performance of this Agreement have has been duly authorized by the Administrator by all necessary corporate action.

Appears in 1 contract

Samples: Administration Agreement (Signet Bank Maryland)

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Power and Authority of the Administrator. The Administrator has the corporate organizational power and authority to execute and deliver this Agreement and to carry out its terms, and the execution, delivery and performance of this Agreement have has been duly authorized by the Administrator by all necessary corporate action.

Appears in 1 contract

Samples: Administration Agreement (Efg Funding Corp)

Power and Authority of the Administrator. The Administrator has the requisite corporate power and authority to execute and deliver this the Transfer and Servicing Agreement and to carry out its their respective terms, ; and the execution, delivery and performance of this the Transfer and Servicing Agreement have been duly authorized by the Administrator by all necessary corporate actionaction on its part.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Crestar Securitization LLC)

Power and Authority of the Administrator. The Administrator has the corporate power and authority to execute and deliver this Agreement and each of the other Transaction Documents to which it is a party and to carry out its their respective terms, ; and the execution, delivery and performance of this Agreement and each of the other Transaction Documents to which it is a party have been duly authorized by the Administrator by all necessary corporate action.

Appears in 1 contract

Samples: Indenture (Collegiate Funding Services Inc)

Power and Authority of the Administrator. The Administrator has the requisite corporate power and authority to execute and deliver this Agreement and the Administration Agreement and to carry out its their respective terms, ; and the execution, delivery and performance of this Agreement and the 50 56 Administration Agreement have been duly authorized by the Administrator by all necessary corporate actionaction on its part.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (PNC Bank National Association/)

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