Completion of Documents. The Borrower and CDC authorize SBA or its designee, and the CSA, to complete any terms of the Note, Debenture, Servicing Agent Agreement, and any other loan documents which are unknown at the time of execution as soon as such terms become known. ACCEPTANCE OF MSAA By executing this Agreement, CDC and Borrower each agree to accept the terms of the MSAA. WITHHOLDING OR TRANSFER OF CDC FEES CDC acknowledges and agrees that in the event of an SBA enforcement action against CDC pursuant to 13 CFR § 120.1500 or if SBA elects to take over servicing of this loan this loan pursuant to 13 CFR § 120.535(d), CSA will follow SBA’s instructions regarding the withholding and/or transfer of CDC fees under this Agreement or otherwise. CDC also acknowledges and agrees that if this loan is transferred pursuant to 13 CFR § 120.1500(e)(1) or 13 CFR § 120.535(d), CDC shall have no further rights to any fees under this Agreement or otherwise.
Appears in 2 contracts
Sources: Servicing Agent Agreement, Servicing Agent Agreement