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 660 contracts

Samples: Asset Representations Review Agreement (World Omni Auto Receivables LLC), Asset Representations Review Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Asset Representations Review Agreement (CarMax Auto Owner Trust 2024-4)

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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 30 contracts

Samples: Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2024-D), Asset Representations Review Agreement (Ford Credit Auto Receivables Two LLC), Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2024-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 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 14 contracts

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

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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 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)

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)

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