Common use of SALE OF THE GUARANTEED INTEREST Clause in Contracts

SALE OF THE GUARANTEED INTEREST. SAMPLE Section 1.1. The U.S. Small Business Administration, an Agency of the United States Government ("SBA") and the Lender named below ("Lender") entered into a guaranty agreement on SBA Form 750 ("750 Agreement") applicable to a loan ("Loan") made by Lender in participation with SBA to the Borrower ("Borrower") named below evidenced by Xxxxxxxx’s Note and any modifications thereto ("Note") a copy of which is attached hereto and incorporated herein by reference. Lender is the beneficiary under the 750 Agreement of SBA’s guaranty of the specified percentage of the outstanding balance of the Loan ("Guaranteed Interest"). Section 1.2. The Lender certifies the following as of the date of the Lender’s signature: XXXXXX / BORROWER INFORMATION XXXXXX XXXXXXXX Name: Address: City: State: Zip Code: Lender Contact: Lender Telephone: Lender Email: Date of 750 Agreement: (MM/DD/YYYY) Date of Note (MM/DD/YYYY) SBA Loan Authorization Date (SBA Form 529) (MM/DD/YYYY) Percent of SBA Guaranty (%) 0.00000% Date SBA Guaranty Fee was Paid (MM/DD/YYYY) Date of INITIAL Disbursement (MM/DD/YYYY) Date of FINAL Disbursement (MM/DD/YYYY) Original Face Amount ($) Outstanding Principal Amount of Loan ($) Outstanding Principal Amount of Guaranteed Interest (Par Value) ($) Guaranteed Portion (F=Fixed, or V=Variable) F V Unguaranteed Portion (F=Fixed, or V=Variable) F V If Guaranteed Portion is Variable: BASE RATE PRIME SBA Peg RATE LIBOR Guaranteed Portion Unguaranteed Portion Interest Accrual Method (1 = 30/360; 2 = Actual/365): 1 2 SAMPLE Price Paid as a % of Par Value of Guaranty Interest (%) 0.00000% SBA Annual Service Fee (%) 0.00000% Lender Servicing Fee (%) 0.00000% FTA Fee (%) 0.00000% SBA Program User Fee – If price in excess of 110 percent of the outstanding principal amount of the guaranteed portion of the Loan (See Section 1.7 below). 0.00000% Lender hereby assigns the Guaranteed Interest to Purchaser/Registered Holder as follows: Name: Address: City, State Zip Code: Contact Person: Telephone: Email Address: Under the penalties of perjury, Purchaser/Registered Holder certifies that its Taxpayer Identification Number is , is not subject to backup withholding pursuant to an Internal Revenue Service Notice, and is a U.S. citizen or other U.S. person, as defined in Internal Revenue Service Form W-9. Failure to provide a Taxpayer Identification Number will subject interest earned to backup withholding. Section 1.3. Xxxxxx’s Sale of Guaranteed Interest. Lender has sold the Guaranteed Interest and acknowledges that it has received value for that Guaranteed Interest. Xxxxxx has given notice and acknowledgment of the transfer of the Guaranteed Interest by completing the following legend on the Note: (Dated) (Lender) (a) Lender has delivered or hereby delivers to FTA a photocopy of the Note and any modifications thereto with the legend; such photocopy shall be incorporated into this Agreement. This legend shall serve as notification for any future transfer of the Guaranteed Interest. The date of the legend shall be on or before the date of settlement for the sale of the Guaranteed Interest. SAMPLE (b) The photocopy of the note and any modifications thereto must have a legend stating that the photocopy is a true and certified copy of the original.

Appears in 1 contract

Samples: Secondary Participation Guaranty Agreement

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SALE OF THE GUARANTEED INTEREST. SAMPLE Section 1.1. The U.S. Small Business Administration, an Agency of the United States Government ("SBA") and the Lender named below ("Lender") entered into a guaranty agreement on SBA Form 750 ("750 Agreement") applicable to a loan ("Loan") made by Lender in participation with SBA to the Borrower ("Borrower") named below evidenced by Xxxxxxxx’s Note and any modifications thereto ("Note") a copy of which is attached hereto and incorporated herein by reference. Lender is the beneficiary under the 750 Agreement of SBA’s guaranty of the specified percentage of the outstanding balance of the Loan ("Guaranteed Interest"). Section 1.2. The Lender certifies the following as of the date of the Lender’s signature: XXXXXX / BORROWER INFORMATION XXXXXX XXXXXXXX Name: Address: City: , State: , Zip Code: Lender Contact: Lender Telephone: Lender Email: SBA Approval Date of 750 Agreement: (MM/DD/YYYY) Date of Note (MM/DD/YYYY) SBA Loan Authorization Date (SBA Form 529) (MM/DD/YYYY) Percent of SBA Guaranty (%) 0.000000.00% Date SBA Guaranty Fee was Paid (MM/DD/YYYY) Date of INITIAL Disbursement (MM/DD/YYYY) Date of FINAL Disbursement (MM/DD/YYYY) Original Face Amount ($) Outstanding Principal Amount of Loan ($) Outstanding Principal Amount of Guaranteed Interest (Par Value) ($) Guaranteed Portion Interest Paid to Date (F=Fixed, or V=MM/DD/YYYY) Fixed WSJ Prime (Variable) F V Unguaranteed Portion SBA Optional Peg (F=Fixed, or V=Variable) F V If Guaranteed Portion is Variable: BASE RATE PRIME SBA Peg RATE LIBOR Guaranteed Portion Unguaranteed Portion Interest Accrual Method (1 = 30/360; 2 = Actual/365): 1 2 SAMPLE Choose One) 30/360 Actual/365 Price Paid as a % percent of Par Value of Guaranty Guaranteed Interest (%) 0.00000% SBA Annual Service Program User Fee (%) – Fifty percent of any paid amount more than 110 percent of the par value of guaranteed interest (See Section 1.7). 0.00000% If Fixed Rate Loan, Note Rate (%) 0.00000% If Variable Rate Loan, Rate Spread (% +/- Based on Base Rate %) 0.00000% Lender Servicing Initial Fee (%) (See Section 1.5) 0.00000% Lender Permanent Fee (%) (See Section 1.5) 0.00000% SBA Annual Service Fee (%) 0.00000% FTA Fee (%) 0.00000% SBA Program User Certificate Interest Rate (Based on Permanent Lender Fee) (%) If Variable Rate Loan: Note Spread – Lender Permanent Fee – SBA Annual Service Fee – FTA Fee If price in excess of 110 percent of the outstanding principal amount of the guaranteed portion of the Loan (See Section 1.7 below). Fixed Rate Loan: Lender Permanent Fee – SBA Annual Service Fee – FTA Fee 0.00000% Certificate Cap, if applicable (%) 0.00000% Note Cap – Lender Permanent Fee – SBA Annual Service Fee – FTA Fee (%) 0.00000% Certificate Floor, if applicable (%) Note Floor – Lender Permanent Fee – SBA Annual Service Fee – FTA Fee 0.00000% 0.00000% 0.00000% CASH FLOW YIELDS based on Constant Prepayment Rate. Constant Prepayment Rate Assumption: 0.00000% Mortgage Equivalent Yield (%) Bond Equivalent Yield (%) %_ per annum %_ %_ Lender hereby assigns the Guaranteed Interest to Purchaser/Registered Holder as follows: Name: Address: City, State Zip Code: Contact Person: Telephone: Email Address: Under the penalties of perjury, Purchaser/Registered Holder certifies that its Taxpayer Identification Number is , is not subject to backup withholding pursuant to an Internal Revenue Service Notice, and is a U.S. citizen or other U.S. person, as defined in Internal Revenue Service Form W-9. Failure to provide a Taxpayer Identification Number will subject interest earned to backup withholding. Section 1.3. Xxxxxx’s Sale of Guaranteed Interest. Lender has sold the Guaranteed Interest and acknowledges that it has received value for that Guaranteed Interest. Xxxxxx has given notice and acknowledgment of the transfer of the Guaranteed Interest by completing signing and dating the following legend on the Note: (Dated) (Lender): (a) Lender has delivered or hereby delivers to FTA a photocopy of the Note and any modifications thereto with the legend; such photocopy shall be incorporated into this Agreement. This legend shall serve as notification for any future transfer of the Guaranteed Interest. The date of the legend shall be on or before the date of settlement for the sale of the Guaranteed Interest. SAMPLE. (b) The photocopy of the note and any modifications thereto must have a legend stating that the photocopy is a true and certified copy of the original.

Appears in 1 contract

Samples: Secondary Participation Guaranty Agreement

SALE OF THE GUARANTEED INTEREST. SAMPLE Section 1.1. The U.S. Small Business Administration, an Agency of the United States Government ("SBA") and the Lender named below ("Lender") entered into a guaranty agreement on SBA Form 750 ("750 Agreement") applicable to a loan ("Loan") made by Lender in participation with SBA to the Borrower ("Borrower") named below evidenced by Xxxxxxxx’s Note and any modifications thereto ("Note") a copy of which is attached hereto and incorporated herein by reference. Lender is the beneficiary under the 750 Agreement of SBA’s guaranty of the specified percentage of the outstanding balance of the Loan ("Guaranteed Interest"). Section 1.2. The Lender certifies the following as of the date of the Lender’s signature: XXXXXX / BORROWER INFORMATION XXXXXX XXXXXXXX Name: Address: City: , State: , Zip Code: Lender Contact: Lender Telephone: Lender Email: SBA Approval Date of 750 Agreement: (MM/DD/YYYY) Date of Note (MM/DD/YYYY) SBA Loan Authorization Date (SBA Form 529) (MM/DD/YYYY) Percent of SBA Guaranty (%) 0.00000% Date SBA Guaranty Fee was Paid (MM/DD/YYYY) or Not Applicable N/A Date of INITIAL Disbursement (MM/DD/YYYY) Date of FINAL Disbursement (MM/DD/YYYY) Original Face Amount ($) Outstanding Principal Amount of Loan ($) Outstanding Principal Amount of Guaranteed Interest (Par Value) ($) Guaranteed Portion Interest Paid to Date (F=Fixed, or V=MM/DD/YYYY) Loan Portions Fixed WSJ Prime (Variable) F V Unguaranteed Portion SBA Optional Peg (F=Fixed, or V=Variable) F V If Guaranteed Portion is Variable: BASE RATE PRIME SBA Peg RATE LIBOR Guaranteed Portion Unguaranteed Portion Interest Accrual Method (1 = 30/360; 2 = Actual/365): 1 2 SAMPLE Choose One) 30/360 Actual/365 Price Paid as a % percent of Par Value of Guaranty Guaranteed Interest (%) 0.00000SBA Program User Fee (%) – Fifty percent of any paid amount more than 110 percent of the par value of guaranteed interest (See Section 1.7). If Fixed Rate Loan, Note Rate (%) If Variable Rate Loan, Rate Spread (% +/- Based on Base Rate %) Lender Initial Fee (%) (See Section 1.5) Lender Permanent Fee (%) (See Section 1.5) SBA Annual Service Fee (%) 0.00000% Lender Servicing Fee (%) 0.00000% FTA Fee (%) 0.00000% SBA Program User Certificate Interest Rate (Based on Permanent Lender Fee) (%) If Variable Rate Loan: Note Spread – Lender Permanent Fee – SBA Annual Service Fee – FTA Fee If price in excess of 110 percent of the outstanding principal amount of the guaranteed portion of the Loan Fixed Rate Loan: Lender Permanent Fee – SBA Annual Service Fee – FTA Fee % % % Certificate Cap, if applicable (See Section 1.7 below)%) Note Cap – Lender Permanent Fee – SBA Annual Service Fee – FTA Fee (%) Certificate Floor, if applicable (%) Note Floor – Lender Permanent Fee – SBA Annual Service Fee – FTA Fee % % CASH FLOW YIELDS based on Constant Prepayment Rate. 0.00000% Constant Prepayment Rate Assumption (%) %_ per annum Mortgage Equivalent Yield (%) Bond Equivalent Yield (%) Lender hereby assigns the Guaranteed Interest to Purchaser/Registered Holder as follows: Name: Address: City, State Zip Code: Contact Person: Telephone: Email Address: Under the penalties of perjury, Purchaser/Registered Holder certifies that its Taxpayer Identification Number is , is not subject to backup withholding pursuant to an Internal Revenue Service Notice, and is a U.S. citizen or other U.S. person, as defined in Internal Revenue Service Form W-9. Failure to provide a Taxpayer Identification Number will subject interest earned to backup withholding. Section 1.3. XxxxxxLender’s Sale of Guaranteed Interest. Lender has sold the Guaranteed Interest and acknowledges that it has received value for that Guaranteed Interest. Xxxxxx has given notice and acknowledgment of the transfer of the Guaranteed Interest by completing signing and dating the following legend on the Note: (Dated) (Lender): (a) Lender has delivered or hereby delivers to FTA a photocopy of the Note and any modifications thereto with the legend; such photocopy shall be incorporated into this Agreement. This legend shall serve as notification for any future transfer of the Guaranteed Interest. The date of the legend shall be on or before the date of settlement for the sale of the Guaranteed Interest. SAMPLE. (b) The photocopy of the note and any modifications thereto must have a legend stating that the photocopy is a true and certified copy of the original.

Appears in 1 contract

Samples: Secondary Participation Guaranty Agreement

SALE OF THE GUARANTEED INTEREST. SAMPLE Section 1.1. The U.S. Small Business Administration, an Agency of the United States Government ("SBA") and the Lender named below ("Lender") entered into a guaranty agreement on SBA Form 750 ("750 Agreement") applicable to a loan ("Loan") made by Lender in participation with SBA to the Borrower ("Borrower") named below evidenced by Xxxxxxxx’s Note and any modifications thereto ("Note") a copy of which is attached hereto and incorporated herein by reference. Lender is the beneficiary under the 750 Agreement of SBA’s guaranty of the specified percentage of the outstanding balance of the Loan ("Guaranteed Interest"). Section 1.2. The Lender certifies the following as of the date of the Lender’s signature: XXXXXX / BORROWER INFORMATION XXXXXX XXXXXXXX Name: Address: Address City: , State: , Zip Code: Code Lender Contact: Lender Telephone: Lender Email: Date of 750 Agreement: (MM/DD/YYYY) Date of Note (MM/DD/YYYY) SBA Loan Authorization Date (SBA Form 529) (MM/DD/YYYY) Percent of SBA Guaranty (%) 0.00000% Date SBA Guaranty Fee was Paid (MM/DD/YYYY) Date of INITIAL Disbursement (MM/DD/YYYY) Date of FINAL Disbursement (MM/DD/YYYY) Original Face Amount ($) Outstanding Principal Amount of Loan ($) Outstanding Principal Amount of Guaranteed Interest (Par Value) ($) Guaranteed Portion (F=Fixed, or V=Variable) F V Unguaranteed Portion (F=Fixed, or V=Variable) F V If Guaranteed Portion is Variable: BASE RATE PRIME SBA Peg RATE LIBOR Guaranteed Portion Unguaranteed Portion Interest Accrual Method (1 = 30/360; 2 = Actual/365): 1 2 SAMPLE ) Price Paid as a % of Par Value of Guaranty Interest (%) 0.00000% SBA Annual Service Fee (%) 0.00000% Lender Servicing Fee (%) 0.00000% FTA Fee (%) 0.00000% SBA Program User Fee – If price in excess of 110 percent of the outstanding principal amount of the guaranteed portion of the Loan (See Section 1.7 below). 0.00000% Lender hereby assigns the Guaranteed Interest to Purchaser/Registered Holder as follows: Name: Address: City, State Zip Code: Contact Person: Telephone: Email Address: Under the penalties of perjury, Purchaser/Registered Holder certifies that its Taxpayer Identification Number is , is not subject to backup withholding pursuant to an Internal Revenue Service Notice, and is a U.S. citizen or other U.S. person, as defined in Internal Revenue Service Form W-9. Failure to provide a Taxpayer Identification Number will subject interest earned to backup withholding. Section 1.3. Xxxxxx’s Sale of Guaranteed Interest. Lender has sold the Guaranteed Interest and acknowledges that it has received value for that Guaranteed Interest. Xxxxxx has given notice and acknowledgment of the transfer of the Guaranteed Interest by completing the following legend on the Note: (Dated) (Lender) (a) Lender has delivered or hereby delivers to FTA a photocopy of the Note and any modifications thereto with the legend; such photocopy shall be incorporated into this Agreement. This legend shall serve as notification for any future transfer of the Guaranteed Interest. The date of the legend shall be on or before the date of settlement for the sale of the Guaranteed Interest. SAMPLE (b) The photocopy of the note and any modifications thereto must have a legend stating that the photocopy is a true and certified copy of the original.

Appears in 1 contract

Samples: Secondary Participation Guaranty Agreement

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SALE OF THE GUARANTEED INTEREST. SAMPLE Section 1.1. The U.S. Small Business Administration, an Agency of the United States Government ("SBA") and the Lender named below ("Lender") entered into a guaranty agreement on SBA Form 750 ("750 Agreement") applicable to a loan ("Loan") made by Lender in participation with SBA to the Borrower ("Borrower") named below evidenced by Xxxxxxxx’s Note and any modifications thereto ("Note") a copy of which is attached hereto and incorporated herein by reference. Lender is the beneficiary under the 750 Agreement of SBA’s guaranty of the specified percentage of the outstanding balance of the Loan ("Guaranteed Interest"). Section 1.2. The Lender certifies the following as of the date of the Lender’s signature: XXXXXX / BORROWER INFORMATION XXXXXX XXXXXXXX Name: Address: City: State: Zip Code: Lender Contact: Lender Telephone: Lender Email: Date of 750 Agreement: (MM/DD/YYYY) Date of Note (MM/DD/YYYY) SBA Loan Authorization Date (SBA Form 529) (MM/DD/YYYY) Percent of SBA Guaranty (%) 0.00000% Date SBA Guaranty Fee was Paid (MM/DD/YYYY) Interest Paid to Date (MM/DD/YYYY) Date of INITIAL Disbursement (MM/DD/YYYY) Date of FINAL Disbursement (MM/DD/YYYY) Original Face Amount ($) Outstanding Principal Amount of Loan ($) Outstanding Principal Amount of Guaranteed Interest (Par Value) ($) Guaranteed Portion (F=Fixed, or V=Variable) F V Unguaranteed Portion (F=Fixed, or V=Variable) F V If Guaranteed Portion is Variable: BASE RATE PRIME SBA Peg RATE LIBOR Guaranteed Portion Unguaranteed Portion Interest Accrual Method (1 = 30/360; 2 = Actual/365): 1 2 SAMPLE ) Select an option Price Paid as a % of Par Value of Guaranty Interest (%) 0.00000% SBA Annual Service Fee (%) 0.00000% Lender Servicing Fee (%) 0.00000% FTA Fee (%) 0.00000% SBA Program User Fee (%) – If price is in excess of 110 percent of the outstanding principal amount of the guaranteed portion of the Loan (See Section 1.7 below). 0.00000% Lender hereby assigns the Guaranteed Interest to Purchaser/Registered Holder as follows: Name: Address: City, State Zip Code: Contact Person: Telephone: Email Address: Under the penalties of perjury, Purchaser/Registered Holder certifies that its Taxpayer Identification Number is , is not subject to backup withholding pursuant to an Internal Revenue Service Notice, and is a U.S. citizen or other U.S. person, as defined in Internal Revenue Service Form W-9. Failure to provide a Taxpayer Identification Number will subject interest earned to backup withholding. Section 1.3. Xxxxxx’s Sale of Guaranteed Interest. Lender has sold the Guaranteed Interest and acknowledges that it has received value for that Guaranteed Interest. Xxxxxx has given notice and acknowledgment of the transfer of the Guaranteed Interest by completing the following legend on the Note: (Dated) (Lender) (a) Lender has delivered or hereby delivers to FTA a photocopy of the Note and any modifications thereto with the legend; such photocopy shall be incorporated into this Agreement. This legend shall serve as notification for any future transfer of the Guaranteed Interest. The date of the legend shall be on or before the date of settlement for the sale of the Guaranteed Interest. SAMPLE. (b) The photocopy of the note and any modifications thereto must have a legend stating that the photocopy is a true and certified copy of the original.

Appears in 1 contract

Samples: Secondary Participation Guaranty Agreement

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