Power and Authority of the Bank. The Bank has the corporate power and authority to execute and deliver this Agreement and to perform its obligations hereunder; the Bank has full corporate power and authority to sell and assign the property to be sold and assigned to and deposited with the Depositor; the Bank has duly authorized such sale and assignment to the Depositor by all necessary action; and the execution, delivery and performance of this Agreement have been duly authorized by the Bank by all necessary corporate action.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Mellon Auto Grantor Trust 1999-1), Pooling and Servicing Agreement (Mellon Auto Grantor Trust 2000-2), Pooling and Servicing Agreement (Mellon Auto Grantor Trust 2000-1)
Power and Authority of the Bank. The Bank has the corporate power and authority to execute and deliver this Agreement and to perform its obligations hereunder; the Bank has full corporate power and authority to sell and assign the property to be sold and assigned to and deposited with the Depositor; the Bank has duly authorized such sale and assignment to the Depositor by all necessary action; and the execution, delivery and performance of this Agreement have been duly authorized by the Bank by all necessary corporate action.
Appears in 2 contracts
Samples: Form of Sale and Servicing Agreement (Mellon Auto Receivables Corp), Pooling and Servicing Agreement (Mellon Auto Receivables Corp)
