Common use of Right of Agent to Own Bonds Clause in Contracts

Right of Agent to Own Bonds. The Registrar and each Paying Agent, and their officers, directors and employees, may become the holder of, or acquire any interest in, any Bonds, with the same rights that it or they would have if it were not the Registrar or a Paying Agent hereunder, or they were not such officers, directors or employees, and may engage or be interested in any financial or other transaction with CMHC and may act on, or as depositary, trustee or agent for, any committee or body of holders of Bonds or other obligations of CMHC as freely as if it were not the Registrar or a Paying Agent hereunder or they were not such officers, directors or employees.