Common use of Enrolling Increased Amounts Clause in Contracts

Enrolling Increased Amounts. In the event that an Enrolled Loan is refinanced in an amount which exceeds the amount of the loan as previously enrolled, and if the Lender wishes the amount of the refinanced loan to exceed the amount previously enrolled, the Lender shall file again the loan for enrollment pursuant to Section 4.2 with payments and transfers to be made into the Reserve Fund based on the amount to be covered which is in excess of the previous covered amount.

Appears in 3 contracts

Samples: Agreement, Participation Agreement, Lender Participation Agreement

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Enrolling Increased Amounts. In the event that an Enrolled Loan is refinanced in an amount which which, at the time of refinancing, exceeds the principal amount of the loan that Enrolled Loan as previously enrolled, and if the Lender wishes desires to increase the amount of the refinanced loan to exceed Enrolled Loan under the amount previously enrolledProgram, the Lender shall file again resubmit the loan request for enrollment pursuant to of the entire Loan in accordance with Section 4.2 with 4.1; provided however all additional payments and transfers to be made into the Reserve Fund shall be based on the increased amount to be covered which is in excess of the previous covered amountLoan.

Appears in 1 contract

Samples: Small Business Capital Access Program Agreement

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