Common use of Fees and Penalties Clause in Contracts

Fees and Penalties. Lender and Registered Holder shall be responsible for payment of fees and penalties required of them by this Agreement which are in effect on the Settlement Date, and as published from time to time in the Federal Register. If any fees or penalties required in this Agreement, (including but not limited to those described in Sections 3.2, 3.5, 3.10,5.2, 6.1, 6.2, 7.4,8.2 and 8.5), are not remitted on a timely basis by Lender, FTA and SBA reserve the right to withhold such fees and penalties from the settlement of any future Guaranteed Interest sale or payment on any defaulted loan in the Lender’s portfolio.

Fees and Penalties. Lender and Registered Holder shall be responsible for payment of fees and penalties required of them by this Agreement which are in effect on the Settlement Date, and as published from time to time in the Federal Register. If any fees or penalties required in this Agreement, (including but not limited to those described in Sections 3.2Paragraphs 5, 3.56, 3.10,5.210, 6.111, 6.212, 7.4,8.2 13, and 8.515), are not remitted on a timely basis by LenderXxxxxx, FTA and SBA reserve the right to withhold such fees and penalties from the settlement of any future Guaranteed Interest sale or payment on any defaulted loan Lloan in the Lender’s portfolio.