Common use of Seller Duly Formed and Authorized Clause in Contracts

Seller Duly Formed and Authorized. The Mortgage Loan Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, and the Mortgage Loan Seller has taken all necessary corporate action to authorize the execution, delivery and performance of this Agreement by it, and has the power and authority to execute, deliver and perform this Agreement and all the transactions contemplated hereby, including, but not limited to, the power and authority to sell, assign and transfer the Mortgage Loans in accordance with this Agreement;

Seller Duly Formed and Authorized. The Mortgage Loan Seller is a corporation limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware, and the Mortgage Loan Seller has taken all necessary corporate limited liability company action to authorize the execution, delivery and performance of this Agreement by it, and has the power and authority to execute, deliver and perform this Agreement and all the transactions contemplated hereby, including, but not limited to, the power and authority to sell, assign and transfer the Mortgage Loans in accordance with this Agreement;