Loan Loss Reserve Fund Deposit Account Control Agreement Sample Contracts

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Loan Loss Reserve Fund Deposit Account Control Agreement • May 5th, 2020

Activity General Program CDC/504 File File tools_sbf_forms_2230_8.pdf Expiration date Thu, 12/12/2013 - 12:00 Body THIS LOAN LOSS RESERVE FUND DEPOSIT ACCOUNT CONTROL AGREEMENT (the “Agreement”) is made this ____ day of _____, 20 , by and among _________________________________________ (the “Premier CDC” ) [insert exact legal name as it appears on its certificate of incorporation], the United States Small Business Administration (“SBA”) and _______________ (the “Bank”) [insert exact legal name as it appears on its certificate of incorporation or charter], a _________ [insert type of bank and make sure that type of bank meets the definition of bank in Art. 9 of the Uniform Commercial Code]. RECITALS I. The Premier CDC is a participating lender under the Premier Certified Lenders Program (“PCLP”) established pursuant to Section 508 of the Small Business Investment Act of 1958, as amended, 15 U.S.C. § 697e (the “Act”), SBA regulations promulgated thereunder, and SBA Standard Operating Pro

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