Common use of SBA's Guaranteed Interest Clause in Contracts

SBA's Guaranteed Interest. Each of the SBA Lender, Trustee (on behalf of itself and the holders of the Certificates) and FTA acknowledge SBA's interest in the Guaranteed Interest of all SBA Lender Loans, together with the collateral securing the SBA Lender Loans and the Loan Documents and agree to recognize and uphold such interest under SBA Rules and Regulations. SBA Lender and Trustee will execute any release, assignment, endorsement or other document that SBA may from time to time reasonably request with respect to the Guaranteed Interest. Each of SBA Lender and Trustee will remit funds it receives in respect of the Guaranteed Interest in the SBA Lender Loans to FTA, or SBA, as required. If SBA purchases the Guaranteed Interest in any SBA Lender Loan, any recoveries from the SBA Lender Loan Debtor or the collateral underlying the SBA Lender Loan will be distributed pro rata to SBA as holder of the Guaranteed Interest and to Trustee as holder of the Unguaranteed Interest.

SBA's Guaranteed Interest. Each of the SBA LenderLenders, Trustee (on behalf of itself and the holders of the Certificates) and FTA acknowledge acknowledges SBA's interest in the Guaranteed Interest of all SBA Lender Loans, together with the collateral securing the SBA Lender Loans and the Loan Documents and agree to recognize and uphold such interest under SBA Rules and Regulations. SBA Lender Lenders and Trustee will execute any release, assignment, endorsement or other document that SBA may from time to time reasonably request with respect to the Guaranteed Interest. Each of SBA Lender and Trustee will remit funds it receives in respect of the Guaranteed Interest in the SBA Lender Loans to FTA, FTA or SBA, as required. If SBA purchases the Guaranteed Interest in any SBA Lender Loan, any recoveries from the SBA Lender Loan Debtor or the collateral underlying the SBA Lender Loan will be distributed pro rata to SBA as holder of the Guaranteed Interest and to Trustee as holder of the Unguaranteed Interest.