Common use of Future Recovery Clause in Contracts

Future Recovery. After a loan has been liquidated and a final loss has been paid by HRSA any future finds which may be recovered by the Lender, will be pro-rated between HRSA and the Lender. HRSA will be paid such amount recovered in proportion to the percentage it guaranteed for the loan and the Lender will retain such amounts in proportion to the percentage of the unguaranteed portion of the loan.

Appears in 2 contracts

Sources: Loan Guarantee Agreement, Loan Guarantee Agreement