Common use of Fiduciary Agent Clause in Contracts

Fiduciary Agent. Each US Originator shall hold as fiduciary agent for the sole benefit of the US Master Purchaser any Contracts and other documentary items and evidence relating to any outstanding US Receivables contributed by such US Originator at the office specified in Clause 7.2 of the Framework Deed.

Appears in 2 contracts

Sources: Agreement (Buhrmann Nv), Us Contribution Agreement (Buhrmann Nv)