Common use of Purchase by Holder Clause in Contracts

Purchase by Holder. The guaranteed portion purchased by the Holder will always be a portion of the loan which is guaranteed. The Holder will herebv 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 the applicable subpart of 7 CFR part 3565 now in effect and future regulations not inconsistent with the provisions hereof.

Purchase by Holder. The guaranteed portion purchased by the Holder will always be a portion of the loan which is guaranteed. The Holder will herebv 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 the applicable subpart of 7 CFR part 3565 now in effect and future regulations not inconsistent with the provisions hereof5001.

Purchase by Holder. The guaranteed portion purchased by the Holder will always be a portion of the loan which is guaranteed. The Holder will herebv 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 the applicable subpart of 7 CFR part 3565 5001, now in effect and future Agency program regulations not inconsistent in conflict with the provisions hereof.