SMALL BUSINESS ADMINISTRATION (SBA). When SBA is the holder, this Agreement will be interpreted and enforced under federal law, including SBA regulations. Lender or SBA may use state or local procedures for filing papers, recording documents, giving notice, foreclosing liens, and 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 against SBA any local or state law to deny any obligation, defeat any claim of SBA, or preempt federal law.
Appears in 12 contracts
Samples: Paycheck Protection Program Promissory Note and Agreement (Tropical Racing Inc), Paycheck Protection Program Promissory Note and Agreement (Kona Gold Beverage, Inc.), Paycheck Protection Program Promissory Note and Agreement (Kona Gold Beverage, Inc.)
