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 (with NBD conveying legal title as trustee on behalf of the Seller) 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 (with NBD Bank One conveying legal title as trustee on behalf of the Seller) 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 organizational power and authority to execute and deliver this Agreement and to carry out its terms; the Seller has full corporate organizational power and authority to sell (with NBD the EFG Trustee conveying legal title as trustee on behalf of the Seller) and assign the property to be sold and assigned to and deposited with the Issuer Purchaser (or with the Eligible Lender Trustee on behalf of the IssuerPurchaser) and the Seller has duly authorized such sale and assignment to the Issuer Purchaser (or to the Eligible Lender Trustee on behalf of the IssuerPurchaser) 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 (with NBD [_______________] conveying legal title as trustee on behalf of the Seller) 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 (with NBD FNBC conveying legal title as trustee on behalf of the Seller) 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.