Common use of Power, Authorization and Enforceability Clause in Contracts

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

Power, Authorization and Enforceability. The Depositor has the power and authority to execute, deliver and perform the terms of this Agreement. The Depositor has authorized the execution, delivery and performance of the terms of this Agreementeach of the Transaction Documents to which it is a party. This Agreement Each of the Transaction Documents to which the Depositor is a party is the legal, valid and binding obligation of the Depositor and enforceable against the Depositor, except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement of creditors’ rights or by general equitable principles.

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

Power, Authorization and Enforceability. The Depositor has the power and authority to execute, deliver and perform the terms of this Agreement. The Depositor has authorized the execution, delivery and performance of the terms of this Agreementeach of the Basic Documents to which it is a party. This Agreement Each of the Basic Documents to which the Depositor is a party is the legal, valid and binding obligation of the Depositor and enforceable against the Depositor, except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement of creditors’ ' rights or by general equitable principles.

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

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

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

Power, Authorization and Enforceability. The Depositor has the power and authority to execute, deliver and perform the terms of this Agreement. The Depositor has authorized the execution, delivery and performance of the terms of this Agreementeach of the 2011-A Basic Documents to which it is a party. This Agreement Each of the 2011-A Basic Documents to which the Depositor is a party is the legal, valid and binding obligation of the Depositor and enforceable against the Depositor, except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement of creditors’ rights or by general equitable principles.

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

Power, Authorization and Enforceability. The Depositor has the power and authority to execute, deliver and perform the terms of this Agreement. The Depositor has authorized the execution, delivery and performance of the terms of this Agreementeach of the 2013-A Basic Documents to which it is a party. This Agreement Each of the 2013-A Basic Documents to which the Depositor is a party is the legal, valid and binding obligation of the Depositor and enforceable against the Depositor, except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement of creditors’ rights or by general equitable principles.

Power, Authorization and Enforceability. The Depositor has the power and authority to execute, deliver and perform the terms of this Agreement. The Depositor has authorized the execution, delivery and performance of the terms of this Agreementeach of the 2013-B Basic Documents to which it is a party. This Agreement Each of the 2013-B Basic Documents to which the Depositor is a party is the legal, valid and binding obligation of the Depositor and enforceable against the Depositor, except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement of creditors’ rights or by general equitable principles.

Power, Authorization and Enforceability. The Depositor has the power and authority to execute, deliver and perform the terms of this Agreement. The Depositor has authorized the execution, delivery and performance of the terms of this Agreementeach of the Basic Documents to which it is a party. This Agreement Each of the Basic Documents to which the Depositor is a party is the legal, valid and binding obligation of the Depositor and enforceable against the Depositor, except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement of creditors’ rights or by general equitable principles.

Power, Authorization and Enforceability. The Depositor has the power and authority to execute, deliver and perform the terms of this Agreement. The Depositor has authorized the execution, delivery and performance of the terms of this Agreementeach of the 2011-B Basic Documents to which it is a party. This Agreement Each of the 2011-B Basic Documents to which the Depositor is a party is the legal, valid and binding obligation of the Depositor and enforceable against the Depositor, except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement of creditors’ rights or by general equitable principles.

Power, Authorization and Enforceability. The Depositor has the power and authority to execute, deliver and perform the terms of this Agreement. The Depositor has authorized the execution, delivery and performance of the terms of this Agreementeach of the 2014-A Basic Documents to which it is a party. This Agreement Each of the 2014-A Basic Documents to which the Depositor is a party is the legal, valid and binding obligation of the Depositor and enforceable against the Depositor, except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement of creditors’ rights or by general equitable principles.

Power, Authorization and Enforceability. The Depositor has the power and authority to execute, deliver and perform the terms of under this Agreement. The Depositor has authorized the execution, delivery and performance of each of the terms 2015-B Basic Documents to which it is a party. Each of this Agreement. This Agreement the 2015-B Basic Documents to which the Depositor is a party is the legal, valid and binding obligation of the Depositor and enforceable against the Depositor, except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement of creditors’ rights or by general equitable principles.

Power, Authorization and Enforceability. The Depositor has the power and authority to execute, deliver and perform the terms of under this Agreement. The Depositor has authorized the execution, delivery and performance of each of the terms 2015-A Basic Documents to which it is a party. Each of this Agreement. This Agreement the 2015-A Basic Documents to which the Depositor is a party is the legal, valid and binding obligation of the Depositor and enforceable against the Depositor, except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement of creditors’ rights or by general equitable principles.

Power, Authorization and Enforceability. The Depositor has the power and authority to execute, deliver and perform the terms of this Agreement. The Depositor has authorized the execution, delivery and performance of the terms of this Agreementeach of the 2012-B Basic Documents to which it is a party. This Agreement Each of the 2012-B Basic Documents to which the Depositor is a party is the legal, valid and binding obligation of the Depositor and enforceable against the Depositor, except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement of creditors’ rights or by general equitable principles.

Power, Authorization and Enforceability. The Depositor has the power and authority to execute, deliver and perform the terms of under this Agreement. The Depositor has authorized the execution, delivery and performance of each of the terms 2014-B Basic Documents to which it is a party. Each of this Agreement. This Agreement the 2014-B Basic Documents to which the Depositor is a party is the legal, valid and binding obligation of the Depositor and enforceable against the Depositor, except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement of creditors’ rights or by general equitable principles.

Power, Authorization and Enforceability. The Such Depositor has the power and authority to execute, deliver and perform the terms of this Agreement. The Such Depositor has authorized the execution, delivery and performance of the terms of this Agreementeach of the Transaction Documents to which it is a party. This Agreement Each of the Transaction Documents to which such Depositor is a party is the legal, valid and binding obligation of the such Depositor and enforceable against the such Depositor, except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement of creditors’ rights or by general equitable principles.

Power, Authorization and Enforceability. The Depositor has the power and authority to execute, deliver and perform the terms of this Agreement. The Depositor has authorized the execution, delivery and performance of the terms of this Agreementeach of the 2012-A Basic Documents to which it is a party. This Agreement Each of the 2012-A Basic Documents to which the Depositor is a party is the legal, valid and binding obligation of the Depositor and enforceable against the Depositor, except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement of creditors’ rights or by general equitable principles.

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