Assignee's Authorization to the Loan Originator Sample Clauses

Assignee's Authorization to the Loan Originator. 6.1. With this Agreement the Assignee as the principal shall irrevocably authorize the Loan Originator as the agent to manage the Claim in the interest of the Assignee but in its own name, as well as to use the rights, power and freedom of action on behalf of the Assignee assigned to it pursuant to the Agreement. After conclusion of the Agreement the Loan Originator shall continue fulfilling the obligations arising from the Loan Agreement and in respect of the Borrower act like a lender. The Loan Originator as the agent of the Assignee bears no liability for any accidental events, including, but not limited to, failure to enforce the Collateral or obtain Borrower's Payments from the Borrower due to the lack of authorization from the Assignee.
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Related to Assignee's Authorization to the Loan Originator

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