Advance Written Notice from Lender. Lender shall transmit written notice to FTA of Xxxxxxxx’s intent to make a partial or full prepayment of principal. Such prepayment can be from a refinancing or otherwise. The prepayment date is the date prior to maturity that Lender has established with the FTA, and on which immediately available funds shall be delivered to FTA. The written notice shall be received by the FTA at least ten (10) business days prior to prepayment date, and it shall be Lender’s responsibility to verify receipt of such notice by FTA. Xxxxxx’s notice to FTA shall include: (a) SBA Loan number and Borrower name; (b) Prepayment date; (c) Principal amount of the guaranteed portion of the Loan being prepaid; and (d) The accrued interest on the guaranteed portion of the Loan due the FTA as of prepayment date (interest shall accrue through and including the calendar day immediately preceding the prepayment date). FTA shall, upon receipt of notice pursuant to this Section, advise the Lender in writing of any discrepancy between the prepayment information supplied by the Lender and the FTA’s current records. Xxxxxx agrees to work with FTA to resolve errors or miscalculations that were made by the Lender or FTA during the course of the Loan and which are discovered subsequent to the prepayment.
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Samples: Secondary Participation Guaranty Agreement, Secondary Participation Guaranty Agreement, Secondary Participation Guaranty Agreement
