Representations and Warranties of Discover Bank. Discover Bank hereby represents and warrants to the Trust, in the case of subsections (a), (b), (f) and (g) below, as of the date of this Agreement and the Initial Closing Date, and, in the case of subsections (c), (d) and (e) below, as of the dates specified therein, that: (a) Organization, etc. Discover Bank has been duly incorporated and is validly existing as a Delaware banking corporation, and has full corporate power and authority to execute and deliver this Agreement and each Assignment of Receivables to be delivered by it and to perform the terms and provisions hereof and thereof.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement, Pooling and Servicing Agreement (Discover Card Execution Note Trust), Pooling and Servicing Agreement
