Common use of SBA’S GENERAL POWERS Clause in Contracts

SBA’S GENERAL POWERS. Without notice and without Bxxxxxxx’s consent, SBA may: A) Bid on or buy the Collateral at its sale or the sale of another lienholder, at any price it chooses; B) Collect amounts due under this Note, enforce the terms of this Note or any other Loan Document, and preserve or dispose of the Collateral. Among other things, the expenses may include payments for property taxes, prior liens, insurance, appraisals, environmental remediation costs, and reasonable attorney’s fees and costs. If SBA incurs such expenses, it may demand immediate reimbursement from Borrower or add the expenses to the principal balance; C) Release anyone obligated to pay this Note; D) Compromise, release, renew, extend or substitute any of the Collateral; and E) Take any action necessary to protect the Collateral or collect amounts owing on this Note. SBA FORM 147 B (5-00) SBA Loan #7467248205 Application #3313846826

Appears in 1 contract

Samples: Loan Authorization and Agreement (Blue Dolphin Energy Co)

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SBA’S GENERAL POWERS. Without notice and without BxxxxxxxBorrower’s consent, SBA may: A) Bid on or buy the Collateral at its sale or the sale of another lienholder, at any price it chooses; B) Collect amounts due under this Note, enforce the terms of this Note or any other Loan Document, and preserve or dispose of the Collateral. Among other things, the expenses may include payments for property taxes, prior liens, insurance, appraisals, environmental remediation costs, and reasonable attorney’s fees and costs. If SBA incurs such expenses, it may demand immediate reimbursement from Borrower or add the expenses to the principal balance; C) Release anyone obligated to pay this Note; D) Compromise, release, renew, extend or substitute any of the Collateral; and E) Take any action necessary to protect the Collateral or collect amounts owing on this Note. SBA FORM 147 B (5-00) SBA Loan #7467248205 6561638108 Application #33138468260000000000

Appears in 1 contract

Samples: Loan Authorization and Agreement (Success Entertainment Group International Inc.)

SBA’S GENERAL POWERS. Without notice and without BxxxxxxxBorrower’s consent, SBA may: A) Bid on or buy the Collateral at its sale or the sale of another lienholder, at any price it chooses; B) Collect amounts due under this Note, enforce the terms of this Note or any other Loan Document, and preserve or dispose of the Collateral. Among other things, the expenses may include payments for property taxes, prior liens, insurance, appraisals, environmental remediation costs, and reasonable attorney’s fees and costs. If SBA incurs such expenses, it may demand immediate reimbursement from Borrower or add the expenses to the principal balance; C) Release anyone obligated to pay this Note; D) Compromise, release, renew, extend or substitute any of the Collateral; and E) Take any action necessary to protect the Collateral or collect amounts owing on this Note. SBA FORM 147 B (5-00) SBA Loan #7467248205 0000000000 Application #33138468263306649043

Appears in 1 contract

Samples: Loan Authorization and Agreement (DecisionPoint Systems, Inc.)

SBA’S GENERAL POWERS. Without notice and without BxxxxxxxBorrower’s consent, SBA may: A) Bid on or buy the Collateral at its sale or the sale of another lienholder, at any price it chooses; B) Collect amounts due under this Note, enforce the terms of this Note or any other Loan Document, and preserve or dispose of the Collateral. Among other things, the expenses may include payments for property taxes, prior liens, insurance, appraisals, environmental remediation costs, and reasonable attorney’s fees and costs. If SBA incurs such expenses, it may demand immediate reimbursement from Borrower or add the expenses to the principal balance; C) Release anyone obligated to pay this Note; D) Compromise, release, renew, extend or substitute any of the Collateral; and E) Take any action necessary to protect the Collateral or collect amounts owing on this Note. SBA FORM 147 B (5-00) SBA Loan #7467248205 7355347406 Application #33138468263300234058

Appears in 1 contract

Samples: Loan Authorization and Agreement (Odyssey Marine Exploration Inc)

SBA’S GENERAL POWERS. Without notice and without Bxxxxxxx’s consent, SBA may: A) Bid on or buy the Collateral at its sale or the sale of another lienholder, at any price it chooses; B) Collect amounts due under this Note, enforce the terms of this Note or any other Loan Document, and preserve or dispose of the Collateral. Among other things, the expenses may include payments for property taxes, prior liens, insurance, appraisals, environmental remediation costs, and reasonable attorney’s fees and costs. If SBA incurs such expenses, it may demand immediate reimbursement from Borrower or add the expenses to the principal balance; C) Release anyone obligated to pay this Note; D) Compromise, release, renew, extend or substitute any of the Collateral; and E) Take any action necessary to protect the Collateral or collect amounts owing on this Note. SBA FORM 147 B (5-00) SBA Loan #7467248205 4909478503 Application #33138468263315916159

Appears in 1 contract

Samples: Loan Authorization and Agreement (American Picture House Corp)

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SBA’S GENERAL POWERS. Without notice and without BxxxxxxxXxxxxxxx’s consent, SBA may: A) Bid on or buy the Collateral at its sale or the sale of another lienholder, at any price it chooses; B) Collect amounts due under this Note, enforce the terms of this Note or any other Loan Document, and preserve or dispose of the Collateral. Among other things, the expenses may include payments for property taxes, prior liens, insurance, appraisals, environmental remediation costs, and reasonable attorney’s fees and costs. If SBA incurs such expenses, it may demand immediate reimbursement from Borrower or add the expenses to the principal balance; C) Release anyone obligated to pay this Note; D) Compromise, release, renew, extend or substitute any of the Collateral; and E) Take any action necessary to protect the Collateral or collect amounts owing on this Note. SBA FORM 147 B (5-00) Doc # L-01-2676051-01 DocuSign Envelope ID: 46F60A33-FA46-47BB-B61E-D687E31EBC0D SBA Loan #7467248205 5146047404 Application #33138468263304117588

Appears in 1 contract

Samples: Security Agreement (Fuse Medical, Inc.)

SBA’S GENERAL POWERS. Without notice and without BxxxxxxxBorrower’s consent, SBA may: A) Bid on or buy the Collateral at its sale or the sale of another lienholder, at any price it chooses; B) Collect amounts due under this Note, enforce the terms of this Note or any other Loan Document, and preserve or dispose of the Collateral. Among other things, the expenses may include payments for property taxes, prior liens, insurance, appraisals, environmental remediation costs, and reasonable attorney’s fees and costs. If SBA incurs such expenses, it may demand immediate reimbursement from Borrower or add the expenses to the principal balance; C) Release anyone obligated to pay this Note; D) Compromise, release, renew, extend or substitute any of the Collateral; and E) Take any action necessary to protect the Collateral or collect amounts owing on this Note. SBA FORM 147 B Form 1391 (5-00) SBA Loan #7467248205 9978508005 Application #33138468263306451794

Appears in 1 contract

Samples: Loan Authorization and Agreement (TriplePulse, Inc.)

SBA’S GENERAL POWERS. Without notice and without BxxxxxxxBorrower’s consent, SBA may: A) Bid on or buy the Collateral at its sale or the sale of another lienholder, at any price it chooses; B) Collect amounts due under this Note, enforce the terms of this Note or any other Loan Document, and preserve or dispose of the Collateral. Among other things, the expenses may include payments for property taxes, prior liens, insurance, appraisals, environmental remediation costs, and reasonable attorney’s fees and costs. If SBA incurs such expenses, it may demand immediate reimbursement from Borrower or add the expenses to the principal balance; C) Release anyone obligated to pay this Note; D) Compromise, release, renew, extend or substitute any of the Collateral; and E) Take any action necessary to protect the Collateral or collect amounts owing on this Note. SBA FORM 147 B (5-00) SBA Loan #7467248205 5863907808 Application #33138468263600517887

Appears in 1 contract

Samples: Loan Authorization and Agreement (Grove, Inc.)

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