Power and Authority; Authorization; Execution and Delivery; Binding Obligation. The Seller has the power and authority to execute, deliver and perform its obligations under this Agreement. This Agreement has been duly authorized, executed and delivered by the Seller and constitutes the legal, valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by insolvency, bankruptcy, reorganization or other laws relating to or affecting the enforcement of creditors’ rights and by general equitable principles.
Appears in 88 contracts
Sources: Second Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2025-B), First Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2025-B), Second Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2025-B)
Power and Authority; Authorization; Execution and Delivery; Binding Obligation. The Seller has the power and authority to execute, deliver and perform its obligations under this Agreement. This Agreement has been duly authorized, executed and delivered by the Seller and constitutes the legal, valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by insolvency, bankruptcy, reorganization or other laws relating to or affecting the enforcement of creditors’ rights and by general equitable principles.. 5
Appears in 1 contract
Sources: First Tier Sale Agreement