Common use of Indenture Trustee to Act Clause in Contracts

Indenture Trustee to Act. If the Issuer fails to enforce the purchase or substitution obligations of the Company under the Contract Acquisition Agreement in accordance with clause (b) above, the Indenture Trustee is hereby appointed attorney-in-fact to act on behalf of and in the name of the Issuer to require such purchase or substitution.

Appears in 2 contracts

Sources: Indenture (Microfinancial Inc), Indenture (Microfinancial Inc)

Indenture Trustee to Act. If the Issuer fails to enforce the purchase or substitution obligations of the Company Originator under the Contract Acquisition Agreement in accordance with clause (b) above, the Indenture Trustee is hereby appointed attorney-in-fact to act on behalf of and in the name of the Issuer to require such purchase or substitution.

Appears in 1 contract

Sources: Indenture (Microfinancial Inc)