PPP Lender definition

PPP Lender means JPMorgan Chase Bank, N.A.

PPP Lender means PNC, in its capacity as a lender under the PPP Program.

PPP Lender means Bank of America, N.A.

Examples of PPP Lender in a sentence

• Officers and key employees of a PPP Lender may obtain a PPP Loan from a different lender, but not from the PPP Lender with which they are associated.

• Lenders should also consult their own internal policies concerning lending to individuals or entities associated with the Lender.The foregoing paragraph does not apply to a director or owner who is also an officer or key employee of the PPP Lender.

• The Seller has provided to the Buyer true, complete and correct copies of the Buyer’s application for the PPP Loans and EIDL Loans, and all information submitted to the PPP Lender and EIDL Lender in support thereof.

• To obtain SBA’s prior approval of requests for changes of ownership, the PPP Lender must submit the request to the appropriate SBA Loan Servicing Center.

• If a change of ownership of a PPP borrower does not meet the conditions in paragraph #2.a. above, prior SBA approval of the change of ownership is required and the PPP Lender may not unilaterally approve the change of ownership.

More Definitions of PPP Lender

PPP Lender means Silicon Valley Bank.

PPP Lender means American Bank.

PPP Lender means Coastal Community Bank or any other financial institution which issues a PPP Loan to a Note Party.

PPP Lender means Harvest Small Business Finance, LLC.

PPP Lender means Resource Bank.

PPP Lender means BBVA USA.

PPP Lender has the meaning set forth in Section 2.1(d).