FEDERAL LAW APPLIES. When SBA is the holder, this Note will be interpreted and enforced under federal law, including SBA regulations. SBA may use state or local procedures for filing papers, recording documents, giving notice, foreclosing liens, and other purposes. By using such procedures, SBA does not waive any federal immunity from state or local control, penalty, tax, or liability. As to this Note, Borrower may not claim or assert against SBA any local or state law to deny any obligation, defeat any claim of SBA, or preempt federal law.
Appears in 31 contracts
Samples: Loan Agreement (American Picture House Corp), Loan Authorization and Agreement (American Picture House Corp), Loan Authorization and Agreement (La&A) (Notes Live, Inc.)
