Examples of Seller Power of Attorney in a sentence
However, provided that the Covered Bond Programme is registered, a moratorium in respect of the Seller would not prevent the Covered Bond Guarantor from acting as the Seller's attorney under the Seller Power of Attorney for the purposes of transferring the legal title to the Mortgages to the Covered Bond Guarantor.
DLL as Seller will, however, undertake for the benefit of the Issuer that DLL will lend its name to, and take such other steps as may be required by the Issuer or the Issuer Security Trustee inrelation to any action in respect of the Purchased Receivables and DLL grants the Issuer a power of attorney in this regard (the "Seller Power of Attorney").
For such purposes, the Seller will grant to the Issuer, the Seller Power of Attorney.
For further assuring the said rights and powers specified in this Clause 5 ( Transfer of Title), the Seller has granted a power of attorney in favour of the Mortgages Trustee substantially in the form set out in Schedule 3 (Form of Seller Power of Attorney) to the Mortgage Sale Agreement.
RCI Financial Services Ltd as Seller will, however, undertake for the benefit of the Issuer that RCI Financial Services Ltd will lend its name to, and take such other steps as may be required by the Issuer or the Security Trustee in relation to any action in respect of the Transferred Receivables and RCI Financial Services Ltd grants the Issuer a power of attorney in this regard (the " Seller Power of Attorney").
The Seller further undertakes to the Issuer and the Security Trustee that it will provide (and will proc ure that any successor, transferee or assignee provides), if required by the Issuer or the Security Trustee, a further power of attorney substantially in the form set out in Schedule 5 (Seller Power of Attorney) including, for the avoidance of doubt, following any property transfer pursuant to the terms of the Banking Act.
For further assuring the said rights and powers specified in this Clause5 ( Transfer of Title), the Seller has granted a power of attorney in favour of the Mortgages Trustee substantially in the form set out in Schedule 5 (Form of Seller Power of Attorney) to the Mortgage Sale Agreement.
The Issuer (subject to the prior written consent of the Security Trustee) shall, as soon as reasonably practicable following receipt of notification to it, or its agents, of completion of the registration or recording of the transfer of all of the relevant Mortgages and other acts required to perfect the transfer of the relevant Loans and their Related Security, give notice thereof to the Seller and with such notice return the Seller Power of Attorney.
In furtherance of the foregoing, each of the Grantors hereby agrees to execute and deliver, on or prior to the Closing Date, to the Grantees a power of attorney substantially in the form of Exhibit C (Form of Administrative Agent and Seller Power of Attorney) hereto.