Common use of Power, Authority and Enforceability Clause in Contracts

Power, Authority and Enforceability. The Indenture Trustee has the power and authority to execute, deliver and perform its obligations under the Transaction Documents to which it is a party. The Indenture Trustee has authorized the execution, delivery and performance of the Transaction Documents to which it is a party. Each of the Transaction Documents to which it is a party is the legal, valid and binding obligation of the Indenture Trustee enforceable against the Indenture Trustee, 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 58 contracts

Samples: Indenture (Ford Credit Auto Owner Trust 2023-B), Indenture (Ford Credit Auto Owner Trust 2023-B), Indenture (Ford Credit Auto Owner Trust 2022-A)

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Power, Authority and Enforceability. The Indenture Trustee has the power and authority to execute, deliver and perform its obligations under the Transaction Documents to which it is a party. The Indenture Trustee has authorized the execution, delivery and performance of the Transaction Documents to which it is a party. Each of the Transaction Documents to which it is a party is the legal, valid and binding obligation of the Indenture Trustee enforceable against the Indenture Trustee, 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 27 contracts

Samples: Indenture (Ford Credit Auto Owner Trust 2024-C), Indenture (Ford Credit Auto Owner Trust 2024-C), Indenture (Ford Credit Auto Receivables Two LLC)

Power, Authority and Enforceability. The Indenture Trustee has the power and authority to execute, deliver and perform its obligations under the Transaction Documents to which it is a party. The Indenture Trustee has authorized the execution, delivery and performance of the Transaction Documents to which it is a party. Each of the Transaction Documents to which it is a party is the legal, valid and binding obligation of the Indenture Trustee enforceable against the Indenture Trustee, 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 9 contracts

Samples: Indenture (CAB East LLC), Indenture (CAB East LLC), Indenture (Ford Credit Auto Owner Trust 2016-A)

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Power, Authority and Enforceability. The Indenture Trustee has the power and authority to execute, deliver and perform its obligations under the Transaction Documents to which it is a partythis Indenture. The Indenture Trustee has authorized the execution, delivery and performance of the Transaction Documents to which it is a partythis Indenture. Each of the Transaction Documents to which it is a party This Indenture is the legal, valid and binding obligation of the Indenture Trustee enforceable against the Indenture Trustee, except as may be limited by insolvency, bankruptcy, reorganization or other similar laws relating to or affecting the enforcement of creditors’ rights or by general equitable principles.

Appears in 1 contract

Samples: Indenture (Ford Credit Auto Receivables Two LLC)

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