Common use of Purchase by Holder Clause in Contracts

Purchase by Holder. The Holder will hereby succeed to all rights of the Lender under the Loan Note Guarantee to the extent of the assigned portion of the loan. The Lender, however, will remain bound by all obligations under the Loan Note Guarantee and the program regulations found in 7 C.F.R. parts 4279 and 4287 and for the Section 9006 Program, 7 C.F.R part 4280, now in effect and future USDA program regulations not in conflict with the provisions hereof.

Purchase by Holder. The Holder will hereby succeed to all rights of the Lender under the Loan Note Guarantee to the extent of the assigned portion of the loan. The Lender, however, will remain bound by all obligations under the Loan Note Guarantee and the program regulations found in 7 C.F.R. parts 4279 and 4287 and for the Section 9006 Program, 7 C.F.R C.F.R. part 4280, now in effect and future USDA program regulations not in conflict with the provisions hereof.

Purchase by Holder. The Holder will hereby succeed to all rights of the Lender under the Loan Note Guarantee to the extent of the assigned portion of the loan. The Lenderlender, however, will remain bound by all obligations under the Loan Note Guarantee and the program regulations found in 7 C.F.R. C.F.R., parts 4279 and 4287 and for the Section 9006 Program, 7 C.F.R part 4280, now in effect and future USDA program regulations not in conflict with the provisions provision hereof.

Purchase by Holder. The Holder will hereby succeed to all rights payments of the Lender under the Loan Note Guarantee to the extent of the assigned portion of the loanpurchased. The Lender, however, will remain bound by all obligations under the Loan Note Guarantee and the program regulations found in 7 C.F.R. parts 4279 and 4287 and for the Section 9006 Program, 7 C.F.R CFR part 42805001, now in effect and future USDA program regulations not in conflict with the provisions hereof.