Common use of Rebates and Refunds Clause in Contracts

Rebates and Refunds. The Company is not entitled to any rebates or refunds from the Initial Member or the Failed Thrift from any pre-computed interest Loan regardless of when the Note matures. Further, on pre-computed interest Loans, neither the Initial Member nor the Failed Thrift will refund any unearned discount amounts to the Company.

Appears in 2 contracts

Sources: Asset Contribution and Assignment Agreement, Asset Contribution and Assignment Agreement