SBA Program User Fee. SBA shall retain a program user fee equal to 50% of the portion of the sale price, which is in excess of 110 percent of the outstanding principal amount of the guaranteed portion of the loan. Such fee shall be collected by the FTA and shall be remitted by FTA to SBA on a regular basis, pursuant to FTA’s contract with SBA. SBA will not refund such program user fee under any circumstances.
Appears in 4 contracts
Samples: Secondary Participation Guaranty Agreement, Secondary Participation Guaranty Agreement, Secondary Participation Guaranty Agreement
SBA Program User Fee. SBA shall retain a program user fee equal to 50% of the portion of the sale price, which is in excess of more than 110 percent of the outstanding principal amount of the guaranteed portion of the loan. Such fee shall be collected by the FTA and shall be remitted by FTA to SBA on a regular basis, pursuant to FTA’s contract with SBA. SBA will not refund such program user fee under any circumstances.
Appears in 2 contracts
Samples: Secondary Participation Guaranty Agreement, Secondary Participation Guaranty Agreement
