Common use of Funding Lender Representative Clause in Contracts

Funding Lender Representative. (a) The Administrative Agent is the initial Funding Lender Representative with respect to the Governmental Notes. Upon the Conversion Date, the Xxxxxxx Xxx Xxxxxx/Servicer shall become the Funding Lender Representative and upon the Freddie Mac Purchase Date, Freddie Mac shall become the Funding Lender Representative. The Funding Lender Representative shall be entitled to all the rights and privileges of the Funding Lender hereunder and under the other Financing Documents.

Funding Lender Representative. (a) The Administrative Agent is the initial Funding Lender Representative with respect to the Governmental Notes. Upon the Conversion Date, the Xxxxxxx Xxx XxxxxxMac Seller/Servicer shall become the Funding Lender Representative and upon the Freddie Xxxxxxx Mac Purchase Date, Freddie Xxxxxxx Mac shall become the Funding Lender Representative. The Funding Lender Representative shall be entitled to all the rights and privileges of the Funding Lender hereunder and under the other Financing Documents.