Common use of Collection of Certain SBA Loan Payments Clause in Contracts

Collection of Certain SBA Loan Payments. The Servicer shall make reasonable efforts to collect all payments called for under the terms and provisions of the SBA Loans, and shall cause the Obligor under the SBA Loan, to the extent such procedures shall be consistent with this Agreement, to comply with the terms and provisions of any applicable hazard insurance policy. Consistent with the foregoing and the SBA Rules and Regulations, the Servicer may in its discretion waive or permit to be waived any fee or charge (other than the Required Holdback Amounts, without the written consent of the SBA) which the Servicer would be entitled to retain hereunder as servicing compensation and extend the due date for payments due on an SBA Note for a period (with respect to each payment as to which the due date is extended) not greater than 180 days after the initially scheduled due date for such payment.

Collection of Certain SBA Loan Payments. The Servicer shall make reasonable efforts to collect all payments called for under the terms and provisions of the SBA Loans, and shall cause the Obligor under the SBA Loan, to the extent such procedures shall be consistent with this Agreement, to comply with the terms and provisions of any applicable hazard insurance policy. Consistent with the foregoing and the SBA Rules and Regulations, the Servicer may in its discretion waive or permit to be waived any fee or charge (other than the Required Holdback AmountsServicing Fee or the Premium Protection Fee, without the written consent of the SBA) which the Servicer would be entitled to retain hereunder as servicing compensation and extend the due date for payments due on an SBA Note for a period (with respect to each payment as to which the due date is extended) not greater than 180 days after the initially scheduled due date for such payment.