Originator Authorized Clause Samples
The "Originator Authorized" clause establishes that only individuals or entities with proper authority from the originator are permitted to initiate or approve certain actions or transactions under the agreement. In practice, this means that any instructions, orders, or communications must come from a person or party who has been explicitly designated or empowered by the originator, such as a company officer or authorized agent. This clause helps prevent unauthorized actions and ensures that all parties can rely on the legitimacy of instructions received, thereby reducing the risk of fraud or miscommunication.
Originator Authorized. To the extent required under applicable law as of the Closing Date, the originator of such Mortgage Loan was authorized to do business in the jurisdiction in which the related Mortgaged Property is located at all times when it held the Mortgage Loan to the extent necessary to ensure the enforceability of such Mortgage Loan.
Originator Authorized. To the best of Borrower's knowledge, to the extent required under applicable law, the originator of such Mortgage Loan was authorized to do business in the jurisdiction in which the related Mortgaged Property is located at all times when it held the Mortgage Loan.
Originator Authorized. To the extent required under applicable law, Borrower was authorized to do business in the jurisdiction in which the related Mortgaged Property is located at all times when it held the Mortgage Loan.
