Common use of Requisite Power Clause in Contracts

Requisite Power. The Lender has the power to execute, deliver and perform this Agreement, and has taken all necessary action to authorize the execution, delivery and performance of this Agreement; and

Appears in 4 contracts

Sources: Motor Vehicle Installment Contract Loan and Security Agreement (TFC Enterprises Inc), Registration Rights Agreement (General Acceptance Corp /In/), Loan and Security Agreement (Ugly Duckling Corp)

Requisite Power. The Lender has the power to execute, deliver and perform this Agreement, and has taken all necessary action to authorize the execution, delivery and performance of this Agreement; and

Appears in 1 contract

Sources: Motor Vehicle Installment Contract Loan and Security Agreement (Consumer Portfolio Services Inc)

Requisite Power. The Lender has the power to execute, deliver and --------------- perform this Agreement, and has taken all necessary action to authorize the execution, delivery and performance of this Agreement; and

Appears in 1 contract

Sources: Motor Vehicle Installment Contract Loan and Security Agreement (TFC Enterprises Inc)

Requisite Power. The Lender has the power to execute, deliver and perform this Agreement, and has taken all necessary action to authorize the execution, delivery and performance of this Agreement; andand (c)

Appears in 1 contract

Sources: Motor Vehicle Installment Contract Loan and Security Agreement (TFC Enterprises Inc)