Common use of Limited Agency Relationship Clause in Contracts

Limited Agency Relationship. Notwithstanding the Section of the Master Terms captioned "Independent Parties,” Licensee hereby expressly acknowledges, understands and agrees that, in the processing and evaluation of Consumer Credit Data by the Licensed Application for purposes of making a workout recommendation and otherwise performing an SMDU Analysis, Xxxxxx Xxx, as owner of the Licensed Application, shall be the agent of Licensee, as that term is defined in the FCRA. As Licensee's agent, Xxxxxx Xxx shall, and is hereby expressly authorized by Licensee to, obtain Consumer Credit Data for the sole purpose of making a workout recommendation and otherwise performing an SMDU Analysis. Licensee also expressly acknowledges, understands and agrees that Fannie Mae's role as Licensee's agent shall not extend beyond the limited purposes set forth in this Section, and, for all other purposes, there shall be no such principal and agent relationship. Moreover, Licensee shall in no way misrepresent to any third party the limited extent of this principal/agent relationship.

Limited Agency Relationship. Notwithstanding the Section of the Master Terms captioned entitled "Independent Parties,” Licensee hereby expressly acknowledges, understands and agrees that, in obtaining Consumer Credit Data via the Licensed Application and in the processing and evaluation of Consumer Credit Data by the Licensed Application for purposes of making a loss mitigation workout recommendation and otherwise performing an SMDU Analysis, Xxxxxx XxxMae, as owner of the Licensed Application, shall be is the agent of Licensee, as that term is defined in the FCRA. As Licensee's ’s agent, Xxxxxx Xxx shall, and is hereby expressly authorized by Licensee to, to obtain Consumer Credit Data for the sole purpose of making a workout recommendation and otherwise performing an SMDU Analysis. Licensee also expressly acknowledges, understands and agrees that Fannie Xxxxxx Mae's role as Licensee's limited agent shall does not extend beyond the limited purposes set forth in this Section, and, for all other purposes, there shall be is no such principal and agent relationship. Moreover, Licensee shall will in no way misrepresent to any third party the limited extent of this principal/agent relationship.