Common use of Future Recovery Clause in Contracts

Future Recovery. After a loan has been liquidated and a final loss claim has been paid by the Agency, any future funds which may be recovered from the borrower by the lender, will be pro-rated between the Agency and the lender.

Appears in 3 contracts

Sources: Lender's Agreement, Lender's Agreement, Lender's Agreement

Future Recovery. After a loan has been liquidated and a final loss claim has been paid by the Agency, any future funds which may be recovered from the borrower by the lender, will be pro-rated between the Agency and the lender.. d.

Appears in 2 contracts

Sources: Lender's Agreement, Lender's Agreement