Common use of Rights and Liabilities Clause in Contracts

Rights and Liabilities. The guarantee and right to require purchase will be directly enforceable by Holder not withstanding any fraud or misrepresentations by Lender or any unenforceability of the Loan Note Guarantee by Xxxxxx. Nothing contained herein shall constitute any waiver by Government of any rights it possesses against the Lender, and the Lender agrees that Xxxxxx will be liable RD 449-36 (Rev. 4-00) According to the Paperwork Reduction Act of 1995, no persons are required to respond to a collection of information unless it displays a valid OMB control number. The valid OMB control number for this information collection is 0575-0137. The time required to complete this information collection is estimated to average 2 hours per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. and will promptly reimburse Government for any payment made by Government to Holder which, if such Lender had held the guaranteed portion of the loan, Government would not be required to make. The Holder(s) upon written notice to the Lender may resell the unpaid balance of the guaranteed portion of the loan assigned hereunder. An endorsement may be added to the Form RD 449-36 to effectuate the transfer.

Appears in 2 contracts

Samples: Assignment Guarantee Agreement, Assignment Guarantee Agreement

AutoNDA by SimpleDocs

Rights and Liabilities. The guarantee and right to require purchase will be directly enforceable by Holder not withstanding any fraud or misrepresentations by Lender or any unenforceability of the Loan Note Guarantee by Xxxxxx. Nothing contained herein shall constitute any waiver by Government of any rights it possesses against the Lender, and the Lender agrees that Xxxxxx will be liable RD 449-36 (Rev. 4-00) According to the Paperwork Reduction Act of 1995, no persons are required to respond to a collection of information unless it displays displqvs a valid OMB control number. The valid OMB control number for this information collection is 0575-01370174. The time required to complete this information collection is estimated to average 2 hours 30 minutes per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. and will promptly reimburse Government for any payment made by Government to Holder which, if such Lender had held the guaranteed portion of the loan, Government would not be required to make. The Holder(s) upon written notice to the Lender may resell the unpaid balance of the guaranteed portion of the loan assigned hereunder. An endorsement may be added to the Form RD 4493565-36 5 to effectuate the transfer.

Appears in 1 contract

Samples: Assignment Guarantee Agreement

AutoNDA by SimpleDocs

Rights and Liabilities. The guarantee and right to require purchase will be directly enforceable by Holder not withstanding notwithstanding any fraud or misrepresentations by Lender or any unenforceability of the Loan Note Guarantee by Xxxxxx. Nothing contained herein shall constitute any waiver by Government of any rights it possesses against the Lender, and the Lender agrees that Xxxxxx will be liable RD 449-36 (Rev. 4-00) According to the Paperwork Reduction Act of 1995, no persons are required to respond to a collection of information unless it displays a valid OMB control number. The valid OMB control number for this information collection is 0575-0137. The time required to complete this information collection is estimated to average 2 hours per response, response including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. and will promptly reimburse Government for any payment made by Government to Holder which, if such Lender had held the guaranteed portion of the loan, Government would not be required to make. The Holder(s) upon written notice to the Lender may resell the unpaid balance of the guaranteed portion of the loan assigned hereunder. An endorsement may be added to the Form RD 449-36 to effectuate the transfer.

Appears in 1 contract

Samples: Assignment Guarantee Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.