SBA Collateral definition

SBA Collateral means securities that are fully guaranteed as to principal and interest by the U.S. Small Business Administration. SBA Collateral Undertaking means, with respect to any Item of SBA Collateral or proposed SBA Collateral other than Development Company Participation Certificates, an undertaking, addressed to Lender and TALF LLC and delivered to Lender by (x) the pool assembler with respect to the transaction pursuant to which such SBA Collateral has been or will be issued or (y) any other pool assembler from which the applicable Borrower shall acquire such Item of SBA Collateral on the applicable Loan Closing Date, in each case, in the form set forth in the TALF Standing Loan Facility Procedures.

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SBA Collateral means securities that are fully guaranteed as to principal and interest by the U.S. Small Business Administration. SBA Collateral Undertaking means, with respect to any Item of SBA Collateral or proposed SBA Collateral other than Development Company Participation Certificates, an undertaking, addressed to Lender and TALF LLC and delivered to Lender by the pool assemblers with respect to the transaction pursuant to which such SBA Collateral has been or will be issued, in the form set forth in the TALF Standing Loan Facility Procedures.

SBA Collateral means securities that are fully guaranteed as to principal and interest by the U.S. Small Business Administration.

Examples of SBA Collateral in a sentence

• There is included within the term "SBA Collateral," as used herein, all other property and all interests therein of any kind hereafter acquired by Borrower, meeting or falling within the description of the SBA Collateral set forth herein and also the proceeds and products thereof.

• Borrower further warrants and represents that the Agent's security interests in the SBA Collateral are not and hereinafter shall not become subordinate or junior to the security interests, liens or claims of any other Person, firm or corporation, including any state, county or local governmental agency, except for the Permitted Liens.

• Any and all disbursements for costs and expenses incurred or paid by the Agent with respect to the enforcement, collection or protection of its interest in the SBA Collateral, or against Borrower, whether by suit or otherwise, notification of Persons to whom Borrower has made such Loans, including reasonable attorneys' fees actually incurred, court costs and similar expenses, if any, shall be secured by the SBA Collateral, payable on demand.

• The powers conferred on the Agent hereunder are solely to protect its interest and the interests of the SBA in the SBA Collateral and shall not impose any duty upon it to exercise any such powers except as provided herein.

• The Borrower warrants and represents to the Agent and the SBA that, as to those assets for which perfection may be accomplished by filing or by possession under the UCC, the security interests granted to the Agent hereunder constitute and will constitute at all times a valid and perfected first priority security interest vested in the Agent in and upon the SBA Collateral.

More Definitions of SBA Collateral

SBA Collateral means the Designated Commercial Loan collateral -------------- described in Section 2.2 of the SBA Security Agreement.

SBA Collateral means all tangible and intangible personal property, including, but not limited to: (a) inventory, (b) equipment, (c) instruments, including promissory notes (d) chattel paper, including tangible chattel paper and electronic chattel paper, (e) documents, (f) letter

SBA Collateral shall have the meaning assigned to that term in the Security Agreement.

SBA Collateral means SBA Pool Certificates and Development Company Participation Certificates. SBA Collateral Undertaking means, with respect to any Item of SBA Collateral or proposed SBA Collateral other than Development Company Participation

SBA Collateral means certain Eligible Commercial Loans the -------------- aggregate outstanding principal balance of which shall not at any time exceed the Maximum SBA Collateral, which Eligible Commercial Loans are initially the Eligible Commercial Loans set forth on Exhibit H hereto, which Exhibit H shall --------- --------- be replaced from time to time as provided in Section 6.1(c), which Exhibit H shall also serve as Schedule A to the SBA Security Agreement.

SBA Collateral. SBA Secured Debt" and "SBA Security Agreement" and

SBA Collateral shall have the meaning set forth in the recitals to this -------------- Amended and Restated Security Agreement.