Common use of General Duties and Authority Clause in Contracts

General Duties and Authority. METROPOLITAN shall provide receivable acquisition services to ARIZONA LIFE which shall be performed substantially in compliance with the following: a. METROPOLITAN shall secure opportunities for ARIZONA LIFE to purchase receivables through the use of METROPOLITAN's branch office system, industry contacts and the other methods developed by METROPOLITAN for its own receivable purchases. b. In reviewing the receivables offered to ARIZONA LIFE, METROPOLITAN shall review, among other things, the receivable loan to value ratio, security value, security condition, payment record, payor's credit, collateral title reports and legal documents, taking into account the investment guidelines provided by ARIZONA LIFE.