Common use of Rights and Liabilities Clause in Contracts

Rights and Liabilities. The guarantee and right to require purchase will be directly en- forceable by Holder notwithstanding any fraud or misrepresentations by Lender or any unenforceability of the Loan Note Guar- xxxxx by Xxxxxx. Nothing contained herein shall constitute any waiver by FmHA or its successor agency under Public Law 103–354 of any rights it possesses against the Lender, and the Lender agrees that Xxxxxx will be liable and will promptly reimburse FmHA or its successor agency under Public Law 103– 354 for any payment made by FmHA or its successor agency under Public Law 103–354 to Holder which, if such Xxxxxx had held the guaranteed portion of the loan, FmHA or its successor agency under Public Law 103–354 would not be required to make. The Holder(s) upon written notice to the Lender may resell the unpaid balance of the guaranteed portion of the loan assigned hereunder. An endorse- ment may be added to the Form FmHA or its successor agency under Public Law 103–354 1980–70 to effectuate the transfer. Lender: Address: By llllllllllllllllllllll Title lllllllllllllllllllll Attest: lllllllllllllllllll (SEAL) Holder: Address: By llllllllllllllllllllll Title lllllllllllllllllllll Attest: lllllllllllllllllll (SEAL) United States of America Farmers Home Administration or its suc- cessor agency under Public Law 103–354 Address: lllllllllllllllllll By llllllllllllllllllllll Title lllllllllllllllllllll [54 FR 5, Jan. 3, 1989, as amended at 54 FR 14792, Apr. 13, 1989; 54 FR 26946, June 27, 1989] APPENDIX J TO SUBPART E OF PART 1980 [RESERVED] APPENDIX K TO SUBPART E OF PART 1980—REGULATIONS FOR LOAN GUAR- ANTEES FOR DISASTER ASSISTANCE FOR RURAL BUSINESS ENTERPRISES

Rights and Liabilities. The guarantee and right to require purchase will be directly en- forceable by Holder notwithstanding any fraud or misrepresentations by Lender or any unenforceability of the Loan Note Guar- xxxxx by Xxxxxx. Nothing contained herein shall constitute any waiver by FmHA or its successor agency under Public Law 103–354 of any rights it possesses against the Lender, and the Lender agrees that Xxxxxx will be liable and will promptly reimburse FmHA or its successor agency under Public Law 103– 354 for any payment made by FmHA or its successor agency under Public Law 103–354 to Holder which, if such Xxxxxx Lender had held the guaranteed portion of the loan, FmHA or its successor agency under Public Law 103–354 would not be required to make. The Holder(s) upon written notice to the Lender may resell the unpaid balance of the guaranteed portion of the loan assigned hereunder. An endorse- ment may be added to the Form FmHA or its successor agency under Public Law 103–354 1980–70 to effectuate the transfer. Lender: Address: By llllllllllllllllllllll Title lllllllllllllllllllll Attest: lllllllllllllllllll (SEAL) Holder: Address: By llllllllllllllllllllll Title lllllllllllllllllllll Attest: lllllllllllllllllll (SEAL) United States of America Farmers Home Administration or its suc- cessor agency under Public Law 103–354 Address: lllllllllllllllllll By llllllllllllllllllllll Title lllllllllllllllllllll [54 FR 5, Jan. 3, 1989, as amended at 54 FR 14792, Apr. 13, 1989; 54 FR 26946, June 27, 1989] APPENDIX Appendix J TO SUBPART to Subpart E OF PART of Part 1980 [RESERVEDReserved] APPENDIX Appendix K TO SUBPART to Subpart E OF PART of Part 1980—REGULATIONS FOR LOAN GUAR- ANTEES FOR DISASTER ASSISTANCE FOR RURAL BUSINESS ENTERPRISESRegulations for Loan Guar- antees for Disaster Assistance For Rural Business Enterprises

Rights and Liabilities. The guarantee and right to require purchase will be directly en- forceable by Holder notwithstanding any fraud or misrepresentations by Lender or any unenforceability of the Loan Note Guar- xxxxx by Xxxxxx. Nothing contained herein shall constitute any waiver by FmHA or its successor agency under Public Law 103–354 of any rights it possesses against the Lender, and the Lender agrees that Xxxxxx will be liable and will promptly reimburse FmHA or its successor agency under Public Law 103– 354 for any payment made by FmHA or its successor agency under Public Law 103–354 to Holder which, if such Xxxxxx had held the guaranteed portion of the loan, FmHA or its successor agency under Public Law 103–354 would not be required to make. The Holder(s) upon written notice to the Lender may resell the unpaid balance of the guaranteed portion of the loan assigned hereunder. An endorse- ment may be added to the Form FmHA or its successor agency under Public Law 103–354 1980–70 to effectuate the transfer. Lender: Address: By llllllllllllllllllllll Title lllllllllllllllllllll Attest: lllllllllllllllllll (SEAL) Holder: Address: 7 CFR Ch. XVIII (1–1–11 Edition) By llllllllllllllllllllll Title lllllllllllllllllllll Attest: lllllllllllllllllll (SEAL) United States of America Farmers Home Administration or its suc- cessor agency under Public Law 103–354 Address: lllllllllllllllllll By llllllllllllllllllllll Title lllllllllllllllllllll [54 FR 5, Jan. 3, 1989, as amended at 54 FR 14792, Apr. 13, 1989; 54 FR 26946, June 27, 1989] APPENDIX J TO SUBPART E OF PART 1980 [RESERVED] APPENDIX K TO SUBPART E OF PART 1980—REGULATIONS FOR LOAN GUAR- ANTEES FOR DISASTER ASSISTANCE FOR RURAL BUSINESS ENTERPRISES