Common use of Power, Authority and Enforceability Clause in Contracts

Power, Authority and Enforceability. The Asset Representations Reviewer has the power and authority to execute, deliver and perform its obligations under this Agreement. The Asset Representations Reviewer has authorized the execution, delivery and performance of this Agreement. This Agreement is the legal, valid and binding obligation of the Asset Representations Reviewer enforceable against the Asset Representations Reviewer, except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement of creditors’ rights or by general equitable principles.

Appears in 642 contracts

Samples: Asset Representations Review Agreement (CNH Equipment Trust 2024-C), Asset Representations Review Agreement (CNH Equipment Trust 2024-C), Letter Agreement (Toyota Auto Finance Receivables LLC)

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Power, Authority and Enforceability. The Asset Representations Reviewer has the power and authority to execute, deliver and perform its obligations under this Agreement. The Asset Representations Reviewer has authorized the execution, delivery and performance of this Agreement. This Agreement is the legal, valid and binding obligation of the Asset Representations Reviewer enforceable against the Asset Representations Reviewer, except as may be limited by insolvency, bankruptcy, reorganization or other similar laws relating to the enforcement of creditors’ rights or by general equitable principles.

Appears in 56 contracts

Samples: Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2022-A), Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2022-A), Asset Representations Review Agreement (Ford Credit Auto Lease Trust 2021-B)

Power, Authority and Enforceability. The Asset Representations Reviewer has the power and authority to execute, deliver and perform its obligations under this Agreement. The Asset Representations Reviewer has authorized the execution, delivery and performance of this Agreement. This Agreement is the legal, valid and binding obligation of the Asset Representations Reviewer enforceable against the Asset Representations Reviewer, except as may be limited by insolvency, bankruptcy, reorganization or other similar laws relating to the enforcement of creditors' rights or by general equitable principles.

Appears in 28 contracts

Samples: Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2024-C), Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2024-C), Asset Representations Review Agreement (Ford Credit Auto Receivables Two LLC)

Power, Authority and Enforceability. The Asset Representations Reviewer has the power and authority to execute, deliver and perform its obligations under this Agreement. The Asset Representations Reviewer has authorized the execution, delivery and performance of this Agreement. This Agreement is the legal, valid and binding obligation of the Asset Representations Reviewer enforceable against the Asset Representations Reviewer, except as enforcement may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement of creditors’ rights or by general equitable principles.

Appears in 13 contracts

Samples: Asset Representations (Mercedes-Benz Auto Lease Trust 2024-B), Review Agreement (Mercedes-Benz Auto Lease Trust 2024-A), Review Agreement (Mercedes-Benz Auto Lease Trust 2024-A)

Power, Authority and Enforceability. The Asset Representations Reviewer has the power and authority to execute, deliver and perform its obligations under this Agreement. The Asset Representations Reviewer has authorized the execution, delivery and performance of this Agreement. This Agreement is the legal, valid and binding obligation of the Asset Representations Reviewer Reviewer, enforceable against the Asset Representations Reviewer, Reviewer except as enforcement may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement of creditors’ rights or by general equitable principles.

Appears in 7 contracts

Samples: Asset Representations Review Agreement (Mercedes-Benz Auto Receivables Trust 2024-1), Asset Representations Review Agreement (Mercedes-Benz Auto Receivables Trust 2024-1), Agreement (Mercedes-Benz Auto Receivables Trust 2023-1)

Power, Authority and Enforceability. The Asset Representations Reviewer has the power and authority to execute, deliver and perform its obligations under this Agreement. The Asset Representations Reviewer has authorized the execution, delivery and performance of this Agreement. This Agreement is the legal, valid and binding obligation of the Asset Representations Reviewer Reviewer, enforceable against the Asset Representations Reviewer, Reviewer except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement of creditors’ rights or by general equitable principles.

Appears in 4 contracts

Samples: Asset Representations Review Agreement (Daimler Retail Receivables LLC), Asset Representations Review Agreement (Daimler Retail Receivables LLC), Asset Representations Review Agreement (Mercedes-Benz Auto Receivables Trust 2018-1)

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Power, Authority and Enforceability. The Asset Representations Reviewer has the power and authority to execute, deliver and perform its obligations under this Agreement. The Asset Representations Reviewer has authorized the execution, delivery and performance of this Agreement. This Agreement is the legal, valid and binding obligation of the Asset Representations Reviewer enforceable against the Asset Representations Reviewer, except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement of creditors' rights or by general equitable principles.

Appears in 3 contracts

Samples: Asset Representations Review Agreement (World Financial Network Credit Card Master Note Trust), Asset Representations Review Agreement (Daimler Trust), Asset Representations Review Agreement (Daimler Trust)

Power, Authority and Enforceability. The Asset Representations Reviewer has the power and authority to execute, deliver and perform its obligations under this Agreement. The Asset Representations Reviewer has authorized the execution, delivery and performance of this Agreement. This Agreement is the legal, valid and binding obligation of the Asset Representations Reviewer enforceable against the Asset Representations Reviewer, except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement of creditors’ rights or by general equitable principles.. (2020-C Asset Representations Review Agreement)

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Hyundai Auto Receivables Trust 2020-C), Asset Representations Review Agreement (Hyundai Auto Receivables Trust 2020-C)

Power, Authority and Enforceability. The Asset Representations Reviewer has the power and authority to execute, deliver and perform its obligations under this Agreement. The Asset Representations Reviewer has authorized the execution, delivery and performance of this Agreement. This Agreement is the legal, valid and binding obligation of the Asset Representations Reviewer enforceable against the Asset Representations Reviewer, except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement of creditors’ rights or by general equitable principles.. (c)

Appears in 1 contract

Samples: Asset Representations Review Agreement (Carvana Auto Receivables Trust 2024-P3)

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