Common use of Without Express Authority Clause in Contracts

Without Express Authority. The Custodian may, in its discretion and without express authority from Norwest Bank: (a) endorse for collection, in the name of Norwest Bank, checks, drafts and other negotiable instruments; and (b) in general, attend to all non-discretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the Additional Collateral of Norwest Bank except as otherwise provided by proper instructions.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Mellon Residential Funding Cor Mor Pas THR Tr Ser 1999-Tbc3), Pooling and Servicing Agreement (Mellon Residential Funding Cor Mor Pas THR Cer Ser 1999-Tbc2), Pooling and Servicing Agreement (Mellon Residential Funding Corp Mort Pas THR Tr Se 2000 Tbc2)

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