Certificate Issuance. Registered Holder requests that SBA issue through the FTA a Guaranteed Interest Certificate (“Certificate”) evidencing ownership of the Guaranteed Interest in the name of the Registered Holder (such person or entity, or any subsequent transferee, during its respective period of ownership of the Certificate to be called the “Registered Holder”). SBA, Lender and Registered Holder (for itself and for any subsequent Registered Holder) agree to the appointment by SBA of FTA to serve as the agent to transfer Certificates and to receive loan repayments, and to transmit such payments to the Registered Holder. A written notification to or demand upon SBA pursuant to this Agreement shall be made through FTA to SBA.
Appears in 2 contracts
Sources: Secondary Participation Guaranty Agreement, Secondary Participation Guaranty Agreement