Representations and Warranties of Trustee. The Trustee hereby makes the following representations and warranties on which the Issuer and Noteholders shall rely: (i) the Trustee is a corporation duly organized, validly existing and in good standing under the laws of its place of incorporation; and (ii) the Trustee has full power, authority and legal right to execute, deliver, and perform this Indenture and shall have taken all necessary action to authorize the execution, delivery and performance by it of this Indenture.
Appears in 24 contracts
Sources: Indenture (WFS Receivables Corp 3), Indenture (WFS Receivables Corp 3), Indenture (WFS Receivables Corp)
Representations and Warranties of Trustee. The Trustee hereby makes the following representations and warranties on which the Issuer and Noteholders shall rely:
(ia) the Trustee is a corporation duly organized, validly existing and in good standing under the laws of its place of incorporation; and
(iib) the Trustee has full power, authority and legal right to execute, deliver, and perform this Indenture and shall have taken all necessary action to authorize the execution, delivery and performance by it of this Indenture.
Appears in 13 contracts
Sources: Indenture (WFS Financial 2005-3 Owner Trust), Indenture (WFS Financial Auto Loans Inc), Indenture (WFS Financial 1997-B Owner Trust)
Representations and Warranties of Trustee. The Trustee hereby makes the following representations represents and warranties on which the Issuer and Noteholders shall relywarrants that:
(i) the Trustee is a corporation duly organized, validly existing and in good standing under the laws of its place jurisdiction of incorporation; andincorporation or association;
(ii) the Trustee has full power, authority and legal right to execute, deliver, and perform this Indenture and shall have taken all necessary action to authorize neither the execution, the delivery and or performance by the Trustee of this Agreement, nor the consummation by it of this Indenture.the transactions contemplated hereby nor compliance by it with any of the terms or
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Representations and Warranties of Trustee. The Trustee hereby makes the following representations and warranties on which the Issuer and the Noteholders shall may rely:
(ia) the Trustee it is a corporation ____________ duly organized, validly existing and in good standing under the laws of its place of incorporation; and
(iib) the Trustee it has full power, authority and legal right to execute, deliver, deliver and perform this Indenture and shall have taken all necessary action to authorize the execution, delivery and performance by it of this Indenture.
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