Powers and authority. It has the power to enter into and perform, and has taken all necessary action to authorise the entry into and performance of, the Finance Documents to which it is or will be a party and the transactions contemplated by those Finance Documents.
Powers and authority. It has the power to enter into and perform, and has taken all necessary action to authorise the entry into and performance of, this Agreement and the transactions contemplated by this Agreement.
Powers and authority. It has the power to enter into, perform and deliver, and has taken all necessary corporate and other action to authorise the execution, delivery and performance by it of each of the Transaction Documents to which it is or will be a party, and each such Transaction Document has been duly executed and delivered by it.
Powers and authority. Each of the Obligors has the power to enter into and perform this Agreement and those of the other Security Documents to which it is a party and the transactions contemplated hereby and thereby and has taken all necessary action to authorise the entry into and performance of this Agreement and such other Security Documents and such transactions.
Powers and authority. It has the power:
(a) to enter into and comply with all obligations expressed on its part under the Finance Documents; and
(b) (in the case of a Borrower) to borrow under this Agreement; and
(c) (in the case of a Guarantor) to give the guarantee in Clause 14 (Guarantee), and has taken all necessary actions to authorise the execution, delivery and performance of the Finance Documents to which it is a party.
Powers and authority. Each Obligor has the power to enter into and perform, and has taken all necessary action to authorize the entry into and performance of, the Loan Documents to which it is or will be a party and the transactions contemplated by those Loan Documents.
Powers and authority. (a) Subject to Section 2.09 hereof, the Trust has been created for the purpose of purchasing and owning student loans, issuing Notes from time to time, pledging its interest in student loans and other collateral under the terms of the Indenture to secure the Notes and performing activities that are necessary, suitable or convenient to accomplish those purposes, including without limitation, the following:
(i) execute and deliver the Basic Documents (as defined in the Indenture), one or more Student Loan Purchase Agreements, note purchase agreements, servicing agreements, sub-servicing agreements, eligible lender trust agreements, guaranty agreements, custodial agreements, investment agreements, Derivative Products (as defined in the Indenture), and such other documents relating to the transactions contemplated by the Indenture and hereby as the Required Certificateholders or the Administrator may from time to time direct in writing (collectively, the "Transaction Documents"), in each case in the respective forms in which the same may be delivered by or on behalf of the Certificateholders or the Administrator to the Delaware Trustee from time to time for execution and delivery, and accept any document that is not signed by the Delaware Trustee, the delivery of which is provided for under any of the preceding agreements;
(ii) execute and deliver all other documents, certificates, instruments and agreements that are provided to it and are contemplated to be executed and delivered by the Delaware Trustee or the Trust, as applicable, by the documents referred to in clause (i) above;
(iii) to originate and acquire Eligible Loans (as defined in the Indenture);
(iv) to deposit and apply the proceeds of the sale of the Notes;
(v) to assign, grant, transfer, pledge, mortgage and convey all or any portion of the Trust Estate pursuant to the Indenture and to hold, manage and distribute to the Certificateholders pursuant to the terms of this Trust Agreement any portion of the Trust Estate released from the lien of, and remitted to the Trust pursuant to, the Indenture;
(vi) execute and deliver assignments and assumptions with respect to certain rights and responsibilities under the Transaction Documents;
(vii) upon the direction of the Required Certificateholders or the Administrator take whatever action shall be required to be taken by the Delaware Trustee by the terms of, and to exercise its rights and perform its duties under, each of the documents referred to in cla...
Powers and authority. 6 Section 2.06. Declaration of Trust by Delaware Trustee.....................8 Section 2.07. The Indenture................................................8 Section 2.08. Title to Trust Estate........................................8 Section 2.09.
Powers and authority. It has (or had at the relevant time) the power and authority to execute and deliver the Transaction Documents to which it is a party and it has the power and authority to perform its obligations under the Transaction Documents to which it is a party and the transactions contemplated thereby.
Powers and authority. It has the power to enter into and perform, and has taken all necessary action to authorise the entry into, performance and delivery of, the Funding 1 Liquidity Documents to which it is or will be a party and the transactions contemplated by those Funding 1 Liquidity Documents.
