Common Contracts
1 similar Credit Union Flexible Loan Participation Agreement contracts
CREDIT UNION FLEXIBLE LOAN PARTICIPATION AGREEMENTCredit Union Flexible Loan Participation Agreement • July 20th, 2018
The parties desire to enter into this Agreement wherein either Party may sell and either Party may buy a portion of any qualifying loan from the other Party. The loans sold may be closed loans in a Party's portfolio or loans that will be closed in the future. The Seller, Buyer and Service of a particular loan or package of loans will be identified in the Loan Participation Certificate attached as Addendum "A". The Participation Certificate also sets forth all the economic terms of the Participation Interest and identifies the loan, the security (if applicable) and the identity of the borrower. The duties and rights of the respective Parties are more specifically described in the Terms and Conditions attached as Addendum "B".
