Default by a Borrower under Loan Enrolled in Small Business Credit Guaranty Program Sample Clauses

Default by a Borrower under Loan Enrolled in Small Business Credit Guaranty Program. Upon the occurrence of an event of default by the Borrower of an Enrolled Loan in the Loan Guaranty Program: the Lender shall copy GHFA EDFI with all notices to the Borrower, and further provide GHFA EDFI written notice describing in reasonable detail the circumstances of the event of default; and prior to the Lender's demand for payment from GHFA EDFI pursuant to GHFA EDFI's guaranty obligations to the Lender for loan(s) enrolled in the Small Business Credit Guaranty Program, the Lender shall diligently pursue the collection of all amounts owed by the Borrower under the Loan Documents pursuant to Section 5.11 hereof.
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Default by a Borrower under Loan Enrolled in Small Business Credit Guaranty Program. Upon the occurrence of an event of default by the Borrower of an Enrolled Loan in the Loan Guaranty Program:

Related to Default by a Borrower under Loan Enrolled in Small Business Credit Guaranty Program

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