Common use of COMMITMENT TO GUARANTEE OBLIGATIONS Clause in Contracts

COMMITMENT TO GUARANTEE OBLIGATIONS. The United States, represented by the Secretary, HEREBY COMMITS ITSELF TO GUARANTEE the payment of the unpaid interest on, and the unpaid balance of the principal of, the Obligations, including interest accruing between the date of default under the Obligations and the payment in full of the Guarantees, and, to effect this Guarantee Commitment, hereby commits itself to execute and deliver the Authorization Agreement, Security Agreement, Financial Agreement, and Depository Agreement on the Closing Date pursuant to the terms of the Guarantee Commitment.

COMMITMENT TO GUARANTEE OBLIGATIONS. The United States, represented by the Secretary, HEREBY COMMITS ITSELF TO GUARANTEE hereby commits itself to guarantee the payment of the unpaid interest on, and the unpaid balance of the principal of, the Obligations, including interest accruing between the date of default under the Obligations and the payment in full of the Guarantees, and, to effect this Guarantee Commitment, hereby commits itself to execute and deliver deliver, the Authorization Agreement, Security Agreement, the Financial Agreement, the Authorization Agreement and the Depository Agreement on the Closing Date, and the Mortgage on the Delivery Date pursuant to the terms of the Guarantee Commitment.

COMMITMENT TO GUARANTEE OBLIGATIONS. The United States, represented by the Secretary, HEREBY COMMITS ITSELF TO GUARANTEE hereby commits itself to guarantee the payment of the unpaid interest on, and the unpaid balance of the principal of, the Obligations, including interest accruing between the date of default under the Obligations and the payment in full of the Guarantees, and, to effect this Guarantee Commitment, hereby commits itself to execute and deliver deliver, the Authorization Agreement, Security Agreement, the Financial Agreement, the Authorization Agreement and the Depository Agreement on the Note Closing Date, and the Mortgage on the Delivery Date pursuant to the terms of the Guarantee Commitment.