Common use of Full Faith and Credit Clause in Contracts

Full Faith and Credit. The Loan Note Guarantee constitutes an obligation supported by the full faith and credit of the United States and is incontestable except for fraud or misrepresentation of which the Holder has actual knowledge at the time of this assignment, or which it participates in or condones. The guarantee will be unenforceable to the extent that any loss is occasioned by a provision for interest on interest.

Appears in 7 contracts

Samples: Assignment Guarantee Agreement, Assignment Guarantee Agreement, Assignment Guarantee Agreement

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Full Faith and Credit. The Loan Note Guarantee constitutes an obligation supported sup- ported by the full faith and credit of the United States and is incontestable inconstestable except for fraud or misrepresentation of which the Holder has actual knowledge at the time of this assignment, or which it participates in or condones. The guarantee will be unenforceable to A note which provides for the extent that any loss is occasioned by a provision for payment of interest on interestinterest shall not be guaranteed. Any Assignment Guarantee Agreement—Drought and Disaster Xxxxxx- xxxx Loan attached to or relating to a note which provides for payment of interest on in- terest is void.

Appears in 6 contracts

Samples: www.govinfo.gov, www.govinfo.gov, www.govinfo.gov

Full Faith and Credit. The Loan Note Guarantee constitutes an obligation supported by the full faith and credit of the United States and is incontestable except for fraud or misrepresentation of which the Holder has actual knowledge at the time of this assignment, or which it participates in or condones. The guarantee will be unenforceable Any Assignment Guarantee Agreement attached to the extent that any loss or relating to a note which provides for capitalization of interest is occasioned by a provision for interest on interestvoid.

Appears in 4 contracts

Samples: Agreement, Assignment Guarantee Agreement, Assignment Guarantee Agreement

Full Faith and Credit. The Loan Note Guarantee constitutes an obligation supported by the full faith and credit of the United States government and is incontestable except for fraud or misrepresentation of which the Holder has actual knowledge at the time of this assignment, or which it participates in or condones. The guarantee will be unenforceable to the extent that any loss is occasioned by a provision for interest on interest.

Appears in 2 contracts

Samples: Assignment and Servicing Agreement, Assignment and Servicing Agreement

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Full Faith and Credit. The Loan Note Guarantee constitutes an obligation supported by the full faith and credit of the United States and is incontestable except for fraud fraud, misrepresentation or misrepresentation misuse of funds of which the Holder has actual knowledge at the time of this assignment, or which it participates in or condones. The Any assignment guarantee will be unenforceable agreement attached to the extent that any loss or relating to a note which provides for capitalization of interest is occasioned by a provision for interest on interestvoid.

Appears in 1 contract

Samples: Assignment Guarantee Agreement

Full Faith and Credit. The Loan Note Guarantee constitutes an obligation supported by the full faith and credit of the United States and is incontestable except for fraud or misrepresentation of which the Holder has actual knowledge at the time of this assignment, or which it participates in or condones. The guarantee will be unenforceable to the extent that any loss is occasioned by a provision for interest on interest.

Appears in 1 contract

Samples: Assignment Guarantee Agreement

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