13 CFR 120.1724 – Servicing and liquidation expenses
Current as of: 2024 | Check for updates
|
Other versions
All ordinary and reasonable expenses of servicing and liquidating Seller’s Pool Loan shall be paid by, or be recoverable from, Obligor, and all such ordinary and reasonable expenses incurred by Seller or SBA which are not recoverable from Obligor shall be shared ratably by Seller, SBA, and the Pool Originator pursuant to the applicable percentages set forth in the First Lien Position 504 Loan Pool Guarantee Agreement.
Terms Used In 13 CFR 120.1724
- Lien: A claim against real or personal property in satisfaction of a debt.
