Common use of Fiduciary Agent Clause in Contracts

Fiduciary Agent. To the extent that the contribution of a US Receivable by such US Originator to the US Master Purchaser does not entitle the US Master Purchaser to the entire interest therein, the US Originator shall hold such remaining interest as fiduciary agent for the US Master Purchaser and shall not thereafter deal in any way with such remaining interest in such US Receivable save as expressly permitted under this Agreement;