Federal Law. When SBA is the holder, the Note and this Guarantee will be construed and enforced under federal law, including SBA regulations. Lender or 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 Guarantee, Guarantor may not claim or assert any local or state law against SBA to deny any obligation, defeat any claim of SBA, or preempt federal law.
Appears in 4 contracts
Samples: First Preferred Ship Mortgage (Amphitrite Digital Inc), Loan Agreement (WORTHPOINT Corp), Unconditional Guarantee (SD Co Inc)
Federal Law. When SBA is the holder, the Note and any modifications of the Note and this Guarantee will be construed and enforced under federal law, including SBA regulations. Lender or 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 Guarantee, Guarantor Guarantor(s) may not claim or assert any local or state law against SBA to deny any obligation, defeat any claim of SBA, or preempt federal law.
Appears in 4 contracts
Samples: Loan Authorization and Agreement, Loan Authorization and Agreement (Amphitrite Digital Inc), Loan Authorization and Agreement (Maison Solutions Inc.)
Federal Law. When SBA is the holder, the Note and this Guarantee will be construed and enforced under federal law, including SBA regulations. Lender or 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 Guarantee, Guarantor Guarantor(s) may not claim or assert any local or state law against SBA to deny any obligation, defeat any claim of SBA, or preempt federal law.
Appears in 4 contracts
Samples: Loan Authorization and Agreement (La&A) (Notes Live, Inc.), Loan Authorization and Agreement (Fresh Vine Wine, Inc.), Loan Authorization and Agreement (Amphitrite Digital Inc)
Federal Law. When SBA is the holder, the this Note and this Guarantee will be construed interpreted and enforced under federal law, including SBA regulations. Lender CDC or 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 GuaranteeNote, Guarantor Borrower may not claim or assert against SBA any local or state law against SBA to deny any obligation, defeat any claim of SBA, or preempt federal law.
Appears in 1 contract
Samples: Loan Agreement
