Common use of Xxxxxx’s Obligations Clause in Contracts

Xxxxxx’s Obligations. Lender consents to the purchase by FmHA or its successor agency under Public Law 103–354 and agrees to furnish on request by FmHA or its suc- cessor agency under Public Law 103–354 a current statement certified by an appro- priate authorized officer of the Lender of the unpaid principal and interest then owed by Xxxxxxxxx on the loan and the amount then owed to any Holder(s). Lender agrees that any purchase by FmHA or its successor agency under Public Law 103–354 does not change, alter or modify any of the Lender’s obligations to FmHA or its successor agency under Public Law 103–354 arising from said loan or guarantee nor does it waive any of FmHA or its successor agency under Public Law 103–354’s rights against Xxxxxx, and that FmHA or its successor agency under Public Law 103–354 shall have the right to set-off against Lender all rights inuring to FmHA or its successor agency under Public Law 103–354 as the Holder of this instrument against FmHA or its successor agency under Public Law 103–354’s obligation to Lender under the Loan Note Guarantee—DARBE.

Appears in 3 contracts

Samples: www.govinfo.gov, www.govinfo.gov, www.govinfo.gov

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Xxxxxx’s Obligations. Lender consents to the purchase by FmHA or its successor agency under Public Law 103–354 and agrees to furnish on request by FmHA or its suc- cessor successor agency under Public Law 103–354 a current statement certified by an appro- priate appropriate authorized officer of the Lender of the unpaid principal and interest then owed by Xxxxxxxxx Borrowers on the loan and the amount including any loan subsidy then owed to any Holder(s). Lender agrees that any purchase by FmHA or its successor agency under Public Law 103–354 does not change, alter or modify any of the Lender’s obligations to FmHA or its successor agency under Public Law 103–354 arising from said loan or guarantee nor does it waive any of FmHA or its successor agency under Public Law 103–354’s rights against Xxxxxx, and that FmHA or its successor agency under Public Law 103–354 shall will have the right to set-off against Lender all rights inuring to FmHA or its successor agency under Public Law 103–354 as the Holder of this instrument against FmHA or its successor agency under Public Law 103–354’s obligation to Lender under the Loan Note Guarantee—DARBE.

Appears in 3 contracts

Samples: www.govinfo.gov, www.govinfo.gov, www.govinfo.gov

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Xxxxxx’s Obligations. Lender consents to the purchase by FmHA or its successor agency under Public Law 103–354 and agrees to furnish on request by FmHA or its suc- cessor agency under Public Law 103–354 a current statement certified by an appro- priate authorized officer of the Lender of the unpaid principal and interest then owed by Xxxxxxxxx Borrowers on the loan and the amount then owed to any Holder(s). Lender agrees that any purchase by FmHA or its successor agency under Public Law 103–354 does not change, alter or modify any of the Lender’s obligations to FmHA or its successor agency under Public Law 103–354 arising from said loan or guarantee nor does it waive any of FmHA or its successor agency under Public Law 103–354’s rights against Xxxxxx, and that FmHA or its successor agency under Public Law 103–354 shall have the right to set-off against Lender all rights inuring to FmHA or its successor agency under Public Law 103–354 as the Holder of this instrument against FmHA or its successor agency under Public Law 103–354’s obligation to Lender under the Loan Note Guarantee—DARBE.

Appears in 2 contracts

Samples: www.govinfo.gov, www.govinfo.gov

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