Common use of SBA Status Clause in Contracts

SBA Status. If Borrower shall lose, or have any material limitation imposed upon, its authority to process, close, service, collect enforce or liquidate any SBA 7(a) Loans, which material limitation may not include the loss of Borrower’s status as a lender under the SBA Preferred Lender Program.

Appears in 4 contracts

Samples: Loan Agreement (Newtek Business Services Corp.), Loan and Security Agreement (Newtek Business Services, Inc.), Loan and Security Agreement (Newtek Business Services, Inc.)

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SBA Status. If Borrower shall lose, or have any material limitation imposed upon, its authority to process, close, service, collect enforce or liquidate any SBA 7(a7 (a) Loans, which material limitation may not include the loss of Borrower’s status as a lender under the SBA Preferred Lender Program.

Appears in 1 contract

Samples: Loan and Security Agreement (Newtek Business Services Inc)

SBA Status. If Borrower shall lose, or have any material limitation imposed upon, its authority to process, close, service, collect enforce or liquidate any SBA 7(a) Loans, which material limitation may not include the loss of Borrower’s status as a lender under the SBA Preferred Lender Program.7

Appears in 1 contract

Samples: Loan Agreement (Newtek Business Services Corp.)

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SBA Status. If Borrower shall lose, or have any material limitation imposed upon, its authority to process, close, service, collect enforce or liquidate any SBA 7(a) Loans, which material limitation may not include the loss of Borrower’s status as a lender under the SBA Preferred Lender Program.)

Appears in 1 contract

Samples: Loan and Security Agreement (Newtek Business Services Corp.)

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