Common use of Authorization and Reliance Clause in Contracts

Authorization and Reliance. [____] understands that a copy of this Limited Guaranty shall be delivered to the Trustee in connection with the execution of Amendment No. 1 to the Servicing Agreement and [____] hereby authorizes the Company and the Trustee to rely on the covenants and agreements set forth herein.

Appears in 1 contract

Sources: Master Servicing Agreement (Phoenix Residential Securities, LLC)

Authorization and Reliance. [____[ ] understands that a copy of this Limited Guaranty shall be delivered to the Trustee in connection with the execution of Amendment No. 1 to the Servicing Agreement and [____[ ] hereby authorizes the Company and the Trustee to rely on the covenants and agreements set forth herein.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Phoenix Residential Securities, LLC)