Common use of Power, Authorization and Enforceability Clause in Contracts

Power, Authorization and Enforceability. The Seller has the power and authority to execute, deliver and perform the terms of this Agreement. The Seller has authorized the execution, delivery and performance of the terms of this Agreement. This Agreement is the legal, valid and binding obligation of the Seller and enforceable against the Seller, 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 10 contracts

Samples: First Tier Sale Agreement (Ford Credit Auto Lease Trust 2014-A), First Tier Sale Agreement (Ford Credit Auto Lease Trust 2014-A), First Tier Sale Agreement (Ford Credit Auto Lease Trust 2013-B)

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Power, Authorization and Enforceability. The Seller has the power and authority to execute, deliver and perform the terms of under this Agreement. The Seller has authorized the execution, delivery and performance of the terms of this Agreement. This Agreement is the legal, valid and binding obligation of the Seller and enforceable against the Seller, 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 7 contracts

Samples: First Tier Sale Agreement (Ford Credit Auto Lease Trust 2015-B), First Tier Sale Agreement (Ford Credit Auto Lease Trust 2015-B), First Tier Sale Agreement (Ford Credit Auto Lease Trust 2015-A)

Power, Authorization and Enforceability. The Seller has the full power and authority to execute, deliver and perform the terms of this AgreementAgreement and to acquire, own, hold, service and sell the Receivables. The Seller 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 Seller and enforceable against the SellerPurchaser, 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: Purchase Agreement (Ford Credit Auto Owner Trust 2005-B), Purchase Agreement (Ford Credit Auto Owner Trust 2005-B), Purchase Agreement (Ford Credit Auto Owner Trust 2005-C)

Power, Authorization and Enforceability. The Seller has the power and authority to execute, deliver and perform the terms of this Agreement. The Seller has duly authorized the execution, delivery and performance of the terms of this Agreement. This Agreement is the legal, valid and valid, binding obligation of the Seller and Seller, enforceable against the Seller, 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.

Appears in 3 contracts

Samples: First Tier Sale Agreement (Ford Credit Auto Lease Trust 2011-A), First Tier Sale Agreement (Ford Credit Auto Lease Trust 2011-A), First Tier Sale Agreement (CAB West LLC)

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Power, Authorization and Enforceability. The Seller has the power and authority to execute, deliver and perform the terms of this Agreement. The Seller has duly authorized the execution, delivery and performance of the terms of this Agreement. This Agreement is the legal, valid and valid, binding obligation of the Seller and enforceable against the Seller, 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 2 contracts

Samples: First Tier Sale Agreement (Ford Credit Auto Lease Trust 2011-B), First Tier Sale Agreement (Ford Credit Auto Lease Trust 2011-B)

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