Express authority definition
Examples of Express authority in a sentence
Express authority is hereby given by the Borrower to the Bank to accept (at the sole discretion of the Bank) all tested or untested communications given by facsimile, telex cable or e-mail, regarding any or all of the notices, requests, instructions or other communications under this Agreement.
The decision to grant or renew SBA Express or Export Express authority will be made by the appropriate SBA official in accordance with Delegations of Authority and is final.
Express authority is hereby given by the Borrower to the Bank to accept (at the sole discretion of the Bank) all tested or untested communications given by facsimile, telex or cable, regarding any or all of the notices, requests, instructions or other communications under this Agreement.
If SBA Ex- press or Export Express authority is approved or renewed, the Lender must execute a supplemental guarantee agreement before the Lender’s SBA Ex- press or Export Express authority will become effective.
For all applications processed under the Lender’s SBA Express authority, ▇▇▇▇▇▇ hereby agrees to transmit the information required by SBA to request an SBA loan number to the appropriate SBA processing center via SBA’s electronic transmission system (E-▇▇▇▇).