Common use of Transfer of Guarantees Clause in Contracts

Transfer of Guarantees. Except in the case of a transfer of guarantee re- quested by a borrower seeking a trans- fer to secure a single guarantor, the guaranty agency may transfer its guar- xxxxx obligation on a loan to another guaranty agency, only with the ap- proval of the Secretary, the transferee agency, and the holder of the loan.

Appears in 4 contracts

Samples: Loan Rehabilitation Agreement, Loan Rehabilitation Agreement, Loan Rehabilitation Agreement

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