Common use of Limitation on Power of Attorney Clause in Contracts

Limitation on Power of Attorney. The Purchaser may exercise its rights under the power of attorney provided in Section 7.5 only with respect to the Purchased Assets assigned and sold to the Purchaser pursuant to this Agreement and after the occurrence of an event described in Section 7.1 of this Agreement.

Appears in 3 contracts

Samples: Mortgage Sale Agreement, Mortgage Sale Agreement (RBC Covered Bond Guarantor Limited Partnership), Mortgage Sale Agreement (RBC Covered Bond Guarantor Limited Partnership)

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Limitation on Power of Attorney. The Purchaser may exercise its rights under the power of attorney provided in Section 7.5 only with respect to the Purchased Assets assigned and sold to the Purchaser pursuant to this Agreement and after the occurrence of an event described in Section 7.1 7.1(a) of this Agreement.

Appears in 1 contract

Samples: Mortgage Sale Agreement

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