Power and Authority; Due Authorization. The Issuing Entity (i) has the power and authority to (A) execute and deliver this Agreement and the other Transaction Documents to which it is a party and (B) carry out the terms of this Agreement and the other Transaction Documents to which it is a party and (ii) has duly authorized by all necessary action on its part the execution, delivery and performance of this Agreement and the other Transaction Documents to which it is a party.
Appears in 66 contracts
Sources: Receivables Contribution Agreement (Carvana Auto Receivables Trust 2025-P3), Receivables Contribution Agreement (Carvana Auto Receivables Trust 2025-P3), Receivables Contribution Agreement (Carvana Auto Receivables Trust 2025-P2)
Power and Authority; Due Authorization. The Issuing Entity (iA) has the power and authority to (A1) execute and deliver this Agreement and the other Transaction Documents to which it is a party and (B2) carry out the terms of this Agreement and the other Transaction Documents to which it is a party party, and (iiB) has duly authorized by all necessary action on its part the execution, delivery and performance of this Agreement and the other Transaction Documents to which it is a party.
Appears in 15 contracts
Sources: Receivables Transfer Agreement (Carvana Receivables Depositor LLC), Receivables Transfer Agreement (Carvana Auto Receivables Trust 2024-P2), Receivables Transfer Agreement (Carvana Auto Receivables Trust 2024-P2)