Establishment of separate reserve. funds (1) receiving all required premium charges to be paid by the borrower and participating fi- nancial institution and contributions by the participating State; and (2) disbursing funds, either to cover losses sustained by the participating financial insti- tution in connection with loans made under the Program, or as contemplated by sub- sections (d) and (r).
Appears in 4 contracts
Samples: Participation Agreement, Participation Agreement, Participation Agreement
Establishment of separate reserve. funds
(1) receiving all required premium charges to be paid by the borrower and participating fi- nancial institution and contributions by the participating State; and
(2) disbursing funds, either to cover losses sustained by the participating financial insti- tution in connection with loans made under the Program, or as contemplated by sub- sections (d) and (r)) of this section.
Appears in 2 contracts
