Common use of Power and Authority Clause in Contracts

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

Appears in 104 contracts

Samples: Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2024-2), Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2024-2), Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2024-2)

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

Appears in 104 contracts

Samples: Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2024-2), Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2024-2), Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2024-2)

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

Appears in 71 contracts

Samples: Series Certificate Transfer Agreement (Nissan-Infiniti Lt LLC), Transfer Agreement (Nissan Auto Lease Trust 2024-B), Transfer Agreement (Nissan Auto Lease Trust 2024-B)

Power and Authority. The Transferee shall have has the power power, authority and authority legal right to execute and deliver this Agreement and to carry out its termsthe terms hereof and to acquire the Conveyed Assets hereunder; and the execution, delivery and performance of this Agreement shall and all of the documents required pursuant hereto have been duly authorized by the Transferee by all necessary corporate action.

Appears in 40 contracts

Samples: Contribution Agreement (Exeter Automobile Receivables Trust 2024-5), Contribution Agreement (Exeter Automobile Receivables Trust 2024-5), Contribution Agreement (Exeter Automobile Receivables Trust 2024-4)

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

Appears in 27 contracts

Samples: Subi Certificate Transfer Agreement, Subi Certificate Transfer Agreement (Nissan Auto Leasing LLC Ii), Subi Certificate Transfer Agreement (Nissan Auto Leasing LLC Ii)

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

Appears in 27 contracts

Samples: Subi Certificate Transfer Agreement, Subi Certificate Transfer Agreement (Nissan Auto Leasing LLC Ii), Subi Certificate Transfer Agreement (Nissan Auto Leasing LLC Ii)

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

Appears in 21 contracts

Samples: Subi Certificate Transfer Agreement (Nissan Auto Leasing LLC Ii), Subi Certificate Transfer Agreement (Nissan Auto Lease Trust 2011-B), Subi Certificate Transfer Agreement (Nissan Auto Lease Trust 2011-B)

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

Appears in 20 contracts

Samples: Subi Certificate Transfer Agreement (Nissan Auto Leasing LLC Ii), Subi Certificate Transfer Agreement (Nissan Auto Lease Trust 2011-B), Subi Certificate Transfer Agreement (Nissan Auto Lease Trust 2011-B)

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

Appears in 16 contracts

Samples: Series Certificate Sale Agreement (Nissan-Infiniti Lt LLC), Series Certificate Sale Agreement (Nissan Auto Lease Trust 2024-B), Series Certificate Sale Agreement (Nissan Auto Lease Trust 2024-B)

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

Appears in 9 contracts

Samples: Series Certificate Sale Agreement (Nissan-Infiniti Lt LLC), Sale Agreement (Nissan Auto Leasing LLC Ii), Series Certificate Sale Agreement (Nissan Auto Leasing LLC Ii)

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

Appears in 7 contracts

Samples: Subi Certificate Transfer Agreement, Subi Certificate Transfer Agreement (Nissan Auto Lease Trust 2013-A), Subi Certificate Transfer Agreement (Nissan Auto Lease Trust 2013-A)

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

Appears in 7 contracts

Samples: Subi Certificate Transfer Agreement, Subi Certificate Transfer Agreement (Nissan Auto Lease Trust 2013-A), Subi Certificate Transfer Agreement (Nissan Auto Lease Trust 2013-A)

Power and Authority. The Transferee Transferor shall have the corporate power and authority to execute and deliver this Agreement and to carry out its terms; the Transferor shall have full power and authority to sell the property to be sold pursuant to this Agreement; and the execution, delivery and performance of this Agreement shall have been duly authorized by the Transferee Transferor by all necessary corporate action.

Appears in 4 contracts

Samples: Issuer Subi Certificate Transfer Agreement (Toyota Lease Trust), Issuer Subi Certificate Transfer Agreement (Toyota Lease Trust), Subi Certificate Transfer Agreement (Toyota Lease Trust)

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

Appears in 4 contracts

Samples: Subi Certificate Transfer Agreement (Nissan Auto Leasing LLC Ii), Subi Certificate Transfer Agreement (Nissan Auto Leasing LLC Ii), Subi Certificate Transfer Agreement (Nissan Auto Leasing LLC Ii)

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Power and Authority. The Transferee shall have the power and authority to execute and deliver this Agreement and to carry out its terms; the Transferee shall have full power and authority to purchase the property to be purchased and shall have duly authorized such purchase; and the execution, delivery and performance of this Agreement shall have been duly authorized by the Transferee by all necessary corporate action.

Appears in 4 contracts

Samples: Issuer Subi Certificate Transfer Agreement (Toyota Lease Trust), Subi Certificate Transfer Agreement (Toyota Lease Trust), Issuer Subi Certificate Transfer Agreement (Toyota Lease Trust)

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

Appears in 4 contracts

Samples: Subi Certificate Transfer Agreement (Nissan Auto Leasing LLC Ii), Subi Certificate Transfer Agreement (Nissan Auto Leasing LLC Ii), Subi Certificate Transfer Agreement (Nissan Auto Leasing LLC Ii)

Power and Authority. The Transferee shall have Transferor has the full legal right, power and authority to execute enter into and deliver perform its obligations under this Agreement. The execution and delivery of this Agreement and to carry out its terms; and the execution, delivery and performance by Transferor of this Agreement shall his obligations hereunder have been duly authorized by the Transferee by all necessary corporate actionaction properly taken.

Appears in 3 contracts

Samples: Assignment and License Agreement (Gold Hill Resources, Inc.), Assignment and License Agreement (Gold Hill Resources, Inc.), Assignment and License Agreement (W270, Inc.)

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

Appears in 3 contracts

Samples: Subi Certificate Transfer Agreement, Subi Certificate Transfer Agreement (Ryder Truck Rental Lt), Subi Certificate Transfer Agreement (Ryder Funding Ii Lp)

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

Appears in 3 contracts

Samples: Subi Certificate Transfer Agreement, Subi Certificate Transfer Agreement (Ryder Truck Rental Lt), Subi Certificate Transfer Agreement (Ryder Funding Ii Lp)

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

Appears in 3 contracts

Samples: Issuer Subi Certificate Transfer Agreement, Issuer Subi Certificate Transfer Agreement (Ryder Truck Rental Lt), Issuer Subi Certificate Transfer Agreement (Ryder Funding Ii Lp)

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

Appears in 3 contracts

Samples: Issuer Subi Certificate Transfer Agreement, Issuer Subi Certificate Transfer Agreement (Ryder Truck Rental Lt), Issuer Subi Certificate Transfer Agreement (Ryder Funding Ii Lp)

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

Appears in 2 contracts

Samples: Trust and Servicing Agreement (Bay View Transaction Corp), Trust and Servicing Agreement (Bay View Deposit CORP)

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