Lender’s Sale or Assignment of Guaranteed Loan Sample Clauses

Lender’s Sale or Assignment of Guaranteed Loan. A. The Lender may retain all of the guaranteed loan. The Lender is not permitted to sell or participate in any amount of the guaranteed or unguaranteed portions of the loans to the applicant or Borrower or members of their immediate families, their officers, directors, stockholders, other owners, or any parent, subsidiary or affiliate. If the Lender desires to market all or part of the guaranteed portion of the loan at or subsequent to loan closing, such loan must not be in default as set forth in the terms of the notes. The Lender may proceed under the following options:
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Lender’s Sale or Assignment of Guaranteed Loan. A. The Lender may sell all or part of the guaranteed portion of the loan on the secondary market or retain the entire loan. The Lender must fully disburse and properly close a loan prior to sale of the note(s) on the secondary market. The Lender is not permitted to sell or participate any amount of the guaranteed or unguaranteed portion of the loan to the applicant, the Borrower or the Health Center or members of their immediate families, their officers, directors, stockholders, other owners, or any parent, subsidiary or affiliate. The Lender is not permitted to share any premium received from the sale of a guaranteed loan in the secondary market with a loan packager or other loan service provider. If the Lender desires to market all or part of the guaranteed portion of the loan at, or, subsequent to, loan closing, such loan must not be in default under the terms of the note. The Lender may proceed under the following options:
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Lender’s Sale or Assignment of Guaranteed Loan 
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Related to Lender’s Sale or Assignment of Guaranteed Loan

  • Assignment of Contract A. Unless expressly agreed to elsewhere in the Contract, no assignment by a party hereto of any rights under or interests in the Contract will be binding on another party hereto without the written consent of the party sought to be bound; and, specifically but without limitation, money that may become due and money that is due may not be assigned without such consent (except to the extent that the effect of this restriction may be limited by law), and unless specifically stated to the contrary in any written consent to an assignment, no assignment will release or discharge the assignor from any duty or responsibility under the Contract Documents.

  • ASSIGNMENT OF LEASES AND RENTS There exists as part of the related Mortgage File an Assignment of Leases (either as a separate instrument or incorporated into the related Mortgage). Subject to the Permitted Encumbrances and the Title Exceptions, each related Assignment of Leases creates a valid first-priority collateral assignment of, or a valid first-priority lien or security interest in, rents and certain rights under the related lease or leases, subject only to a license granted to the related Mortgagor to exercise certain rights and to perform certain obligations of the lessor under such lease or leases, including the right to operate the related leased property, except as the enforcement thereof may be limited by the Standard Qualifications. The related Mortgage or related Assignment of Leases, subject to applicable law, provides that, upon an event of default under the Mortgage Loan, a receiver is permitted to be appointed for the collection of rents or for the related Mortgagee to enter into possession to collect the rents or for rents to be paid directly to the Mortgagee.

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