Common use of Termination by the Lender Clause in Contracts

Termination by the Lender. This Agreement may be terminated by the Lender at any time, in accordance with program requirements. • The Lender shall remain obligated to service and liquidate the guaranteed/insured loans remaining in the portfolio. Unless and until the Agency or the Lender transfers the guaranteed/insured loans to a servicer acceptable to the Agency, all requirements concerning loan management of the Lender and rights of the Agency under this Agreement shall remain in full force and effect. • The Lender shall notify the Agency of its intent to terminate the Agreement in accordance with Agency regulations.

Appears in 4 contracts

Samples: www.rd.usda.gov, www.rd.usda.gov, usdalinc.sc.egov.usda.gov

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