Common use of Excluded Borrower Benefits Clause in Contracts

Excluded Borrower Benefits. Prior to the sale of any Putable Loan to the Department, the Conduit or its agent shall apply funds in the Excluded Borrower Benefit Account (as defined below) to pay any Excluded Borrower Benefits to the Person entitled (or potentially entitled) to such benefit.

Appears in 5 contracts

Samples: Put Agreement, Put Agreement, Put Agreement

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