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

Power and Authority of the Seller. The Seller has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the Seller has full corporate power and authority to sell and assign the property to be sold and assigned to and deposited with the Issuer (or with the Eligible Lender Trustee on behalf of the Issuer) and the Seller has duly authorized such sale and assignment to the Issuer (or to the Eligible Lender Trustee on behalf of the Issuer) by all necessary corporate action; and the execution, delivery and performance of this Agreement have been duly authorized by the Seller by all necessary corporate action.

Power and Authority of the Seller. The Seller has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the Seller has full corporate power and authority to sell and assign the property to be sold and assigned to and deposited with the Issuer (or with the Depositor Eligible Lender Trustee on behalf of and the Issuer) Purchaser and the Seller has duly authorized such sale and assignment to the Issuer (or Depositor Eligible Lender Trustee, with respect to legal title to the Eligible Lender Trustee on behalf of KBUSA Financed Student Loans, and the Issuer) Purchaser by all necessary corporate action; and the execution, delivery and performance of this Agreement have been duly authorized by the Seller by all necessary corporate action.

Power and Authority of the Seller. The Seller has the corporate full legal power and authority to execute and deliver this Agreement and to carry out its terms; the Seller has full corporate legal power and authority to sell and assign the property to be sold and assigned to and deposited with the Issuer Depositor (or with the Eligible Lender Trustee on behalf of the IssuerDepositor) and the Seller has duly authorized such sale and assignment to the Issuer Depositor (or to the Eligible Lender Trustee on behalf of the IssuerDepositor) by all necessary corporate action; and the execution, delivery and performance of this Agreement have been duly authorized by the Seller by all necessary corporate action.

Power and Authority of the Seller. The Seller has the corporate --------------------------------- power and authority to execute and deliver this Agreement and to carry out its terms; the Seller has full corporate power and authority to sell and assign the property to be sold and assigned to and deposited with the Issuer (or with the Eligible Lender Trustee on behalf of the Issuer) and the Seller has duly authorized such sale and assignment to the Issuer (or to the Eligible Lender Trustee on behalf of the Issuer) by all necessary corporate action; and the execution, delivery and performance of this Agreement have been duly authorized by the Seller by all necessary corporate action.

Power and Authority of the Seller. The Seller has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the Seller has full corporate power and authority to sell and assign the property to be sold and assigned to and deposited with the Issuer (or with the Eligible Lender Trustee on behalf of the Issuer) and the Seller has duly authorized such sale and assignment to the Issuer (or to the Eligible Lender Trustee on behalf of the Issuer) by all necessary corporate action; and the execution, delivery and performance of this Agreement have been duly authorized by the Seller by all necessary corporate action.