Small Business Documentation Clause Samples

Small Business Documentation. The Borrower will complete, execute and deliver to PIOP, prior to the Closing Date, SBA Forms 480, 652, and 1031 (Parts A and B).

Small Business Documentation. (a) Borrower shall, no later than twenty (20) Business Days prior to the Closing Date but may be with the delivery of a Notice of Borrowing, notify the Lenders whether Borrower, together with its “affiliates” (as that term is defined in Title 13 of the United States Code of Federal Regulations), shall be a “Small Business” within the meaning of the SBIC Act, and the regulations promulgated thereunder (including part 107 and 121 of Title 13 of the United States Code of Federal Regulations) on the Closing Date. Upon the receipt of any such notice that Borrower is unable to make any of the representations set forth in Section 7.20 on the Closing Date, PIOP may in its sole decision withdraw as a Lender hereunder and transfer its Commitments hereunder to any of the other Lenders if PIOP determines that it shall no longer be able to participate as a Lender hereunder in accordance with the SBIC Act, and the regulations promulgated thereunder. (b) To the extent that PIOP shall be a Lender hereunder as of the Closing Date, Borrower shall accurately complete, execute, and deliver to PIOP prior to the Closing Date, SBA Forms 480, 652, and 1031 (Parts A and B).