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Common use of Capacity of Parties Clause in Contracts

Capacity of Parties. All parties to the Receivable had capacity to execute the Receivable.

Appears in 6 contracts

Sources: Pooling and Servicing Agreement (First Security Bank Na), Pooling and Servicing Agreement (First Security Bank Na), Pooling and Servicing Agreement (First Security Auto Grantor Trust 1997-A)

Capacity of Parties. All parties to the ------------------- Receivable had capacity to execute the Receivable.

Appears in 1 contract

Sources: Sale and Servicing Agreement (First Security Bank Na)

Related Clauses

  • Responsibility of Parties
  • AUTHORITY OF PARTIES
  • Liability of Parties
  • Cooperation of Parties
  • AGREEMENT OF PARTIES

Parent Clauses

  • Representations and Warranties Regarding Each Contract
  • REPRESENTATIONS AND WARRANTIES
  • Valid Security Interest
  • Appointment of Subservicer
  • Representations and Warranties Regarding Each Loan

Sub-Clauses

  • BULK TRANSFER LAWS
  • POSSESSION
  • MARKING RECORDS
  • TRUE SALE
  • AMOUNTS
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