Common use of SBA Debentures Clause in Contracts

SBA Debentures. Each of GC SBIC IV, L.P. and GC SBIC V, L.P. is eligible to sell securities guaranteed by the SBA in the amounts and on the terms described in the Registration Statement, the General Disclosure Package and the Prospectus. Each of GC SBIC IV, L.P. and GC SBIC V, L.P. is not in default under the terms of any debenture which each has issued to the SBA for guaranty by the SBA or any other material monetary obligation, and no event, which with the passage of time, notice or both has occurred, which would be a default or event of default thereunder.

SBA Debentures. Each of GC SBIC IV, L.P. and GC SBIC V, L.P. is eligible to sell securities guaranteed by the SBA in the amounts and on the terms described in the Registration Statement, the General Disclosure Package Statement and the Prospectus. Each of GC SBIC IV, L.P. and GC SBIC V, L.P. is not in default under the terms of any debenture which each has issued to the SBA for guaranty by the SBA or any other material monetary obligation, and no event, which with the passage of time, notice or both has occurred, which would be a default or event of default thereunder.

SBA Debentures. Each of GC SBIC IVV, L.P. and GC SBIC VVI, L.P. is eligible to sell securities guaranteed by the SBA in the amounts and on the terms described in the Registration Statement, the General Disclosure Package and the Prospectus. Each of GC SBIC IVV, L.P. and GC SBIC VVI, L.P. is not in default under the terms of any debenture which each has issued to the SBA for guaranty by the SBA or any other material monetary obligation, and no event, which with the passage of time, notice or both has occurred, which would be a default or event of default thereunder.