Federal Rights. When SBA is the holder of the Note, this Agreement will be construed and enforced under federal law, including SBA regulations. Secured Party or SBA may use state or local procedures for filing papers, recording documents, giving notice, enforcing security interests or liens, and for any 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 Agreement, Borrower 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 36 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.)
Federal Rights. When SBA is the holder of the Note, this Agreement will be construed and enforced under federal law, including SBA regulations. Secured Party or SBA may use state or local procedures for filing papers, recording documents, giving notice, enforcing security interests or liens, and for any 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 Agreement, Borrower Debtor 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 6 contracts
Samples: Post Closing Agreement (Aureus Inc), Security Agreement (STRATA Skin Sciences, Inc.), Security Agreement
