Common use of Consent or Approval of, and Notice to, SBA Clause in Contracts

Consent or Approval of, and Notice to, SBA. (a) The requirements of the prior consent or approval of, and notice to, SBA in this Agreement will be in effect at any time that the Partnership is licensed as an SBIC or has Outstanding Leverage. These requirements will not be in effect if the Partnership is not licensed as an SBIC and does not have any Outstanding Leverage. (b) Except as provided in the SBIC Act, a consent or approval required to be given by SBA under this Agreement will be deemed given and effective for purposes of this Agreement only if the consent or approval is: (i) given by SBA in writing, and (ii) delivered by SBA to the party requesting the consent or approval in the manner provided for notices to such party under Section 10.04.

Appears in 6 contracts

Samples: Limited Partnership Agreement (Capitala Finance Corp.), Limited Partnership Agreement (FIDUS INVESTMENT Corp), Limited Partnership Agreement (Triangle Capital CORP)

AutoNDA by SimpleDocs

Consent or Approval of, and Notice to, SBA. (a) The requirements of the prior consent or approval of, and notice to, SBA in this Agreement will be in effect at any time that the Partnership is licensed as an SBIC or has Outstanding Leverage. These requirements will not be in effect if the Partnership is not licensed as an SBIC and does not have any Outstanding Leverage. (b) Leverage.61 Except as provided in the SBIC Act, Act,62 a consent or approval required to be given by SBA under this Agreement will be deemed given and effective for purposes of this Agreement only if the consent or approval is: (i) : given by SBA in writing, and (ii) and delivered by SBA to the party requesting the consent or approval in the manner provided for notices to such party under Section 10.0410.03.

Appears in 1 contract

Samples: Limited Partnership Agreement

AutoNDA by SimpleDocs

Consent or Approval of, and Notice to, SBA. (a) The requirements of the prior consent or approval of, and notice to, SBA in this Agreement will be in effect at any time that the Partnership is licensed as an SBIC or has Outstanding Leverage. These requirements will not be in effect if the Partnership is not licensed as an SBIC and does not have any Outstanding Leverage.Leverage.26 (b) Except as provided in the SBIC ActAct27, a consent or approval required to be given by SBA under this Agreement will be deemed given and effective for purposes of this Agreement only if the consent or approval is: (i) given by SBA in writing, and (ii) delivered by SBA to the party requesting the consent or approval in the manner provided for notices to such party under Section 10.04.

Appears in 1 contract

Samples: Limited Partnership Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!