Common use of Buyer as Attorney-in-Fact Clause in Contracts

Buyer as Attorney-in-Fact. Buyer is hereby appointed to act after the occurrence and during the continuation of an Event of Default as the attorney-in-fact of Seller for the purpose of carrying out the provisions of the Agreement and taking any action and executing any instruments that Buyer may deem necessary or advisable to accomplish the purposes hereof, which appointment as attorney-in-fact is irrevocable and coupled with an interest. Without limiting the generality of the foregoing, Buyer shall have the right and power after the occurrence and during the continuation of any Event of Default to receive, endorse and collect all checks made payable to the order of Seller representing any payment on account of the principal of or interest on any of the Purchased Securities and to give full discharge for the same.

Buyer as Attorney-in-Fact. Buyer is hereby appointed to act after the occurrence and during the continuation of an Event of Default as the attorney-in-fact of Seller for the purpose of carrying out the provisions of the this Agreement and taking any action and executing any instruments that Buyer may deem necessary or advisable to accomplish the purposes hereof, which appointment as attorney-in-fact is irrevocable and coupled with an interest. Without limiting the generality of the foregoing, Buyer shall have the right and power after the occurrence and during the continuation of any Event of Default to receive, endorse and collect all checks made payable to the order of Seller representing any payment on account of the principal of or interest on any of the Purchased Securities and to give full discharge for the same.

Buyer as Attorney-in-Fact. Buyer is hereby appointed to act after After the occurrence and during the continuation of an Event of Default as Default, Buyer will automatically be appointed the attorney-in-fact of Seller for the purpose of carrying out the provisions of the this Agreement and taking any action and executing any instruments that Buyer may deem necessary or advisable to accomplish the purposes hereof, which appointment as attorney-in-fact is will be irrevocable and coupled with an interest. Without limiting the generality of the foregoing, Buyer shall have the right and power after during the occurrence and during the continuation of any Event of Default to receive, endorse and collect all checks made payable to the order of Seller representing any payment on account of the principal of or interest on any of the Purchased Securities Mortgage Loans and to give full discharge for the same.

Buyer as Attorney-in-Fact. Buyer is hereby appointed to act after the ------------------------- occurrence and during the continuation of an Event of Default as the attorney-in-fact of Seller HMC for the purpose of carrying out the provisions of the this Agreement and taking any action and executing any instruments that Buyer may deem necessary or advisable to accomplish the purposes hereof, which appointment as attorney-in-fact is irrevocable and coupled with an interest. Without limiting the generality of the foregoing, Buyer shall have the right and power after the occurrence and during the continuation of any Event of Default to receive, endorse and collect all checks made payable to the order of Seller HMC representing any payment on account of the principal of or interest on any of the Purchased Securities Mortgage Loans and to give full discharge for the same.