SBA Debentures definition

SBA Debentures means, collectively, all debentures issued by the SBIC Subsidiary to the SBA.
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SBA Debentures means (a) existing SBA promissory notes and debentures issued by Stellus Capital SBIC, LP and Stellus Capital SBIC II, LP, in each case, outstanding on the Effective Date so long as such notes and debentures are not secured by any assets of any Obligor, and (b) from time to time after the Effective Date, any SBA promissory notes and debentures issued by any SBIC Subsidiary, so long as such notes and debentures are not secured by any assets of any Obligor.
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SBA Debentures means debentures outstanding from time to time representing amounts payable by the Company or a Subsidiary to the SBA (or any successor thereto) for borrowings made pursuant to Section 303 of the Small Business Investment Act of 1958 (15 U.S.C. Section 683) and subordinated to other Debt of the Company or such Subsidiary pursuant to the subordination provisions of such Section.
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Examples of SBA Debentures in a sentence

  • Unless (i) Rand shall have received the SBA Approval or (ii) the SBA has provided confirmation to Rand that no approval from the SBA is required, in a manner that would allow the SBA Debentures to remain outstanding in accordance with their respective terms, Rand shall have delivered evidence to East of the payoff of, or the escrowing of funds in an amount sufficient to payoff, the SBA Debentures in accordance with SBA regulations.

  • MCC shall have obtained from the SBA such approvals as may be necessary for the SBA Debentures to remain outstanding in accordance with their terms following the Effective Time.

  • Moreover, effective as of May 10, 2019, the SBIC Subsidiary fully repaid its outstanding SBA Debentures, and, in connection therewith, effective July 1, 2019, SBIC Subsidiary surrendered its SBIC license.

  • Debit Authorization establishes an efficient and low-cost way for licensees to make the scheduled payments after pooling of SBA Debentures by Automated Clearinghouse (ACH) debit.

  • At the Closing, Buyer will acquire good title to and complete ownership of the Stock, free and clear of any Encumbrances.

  • F-30 Table of Contents PENNANTPARK INVESTMENT CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) DECEMBER 31, 2018 (Unaudited) SBA Debentures Our SBIC Funds are able to borrow funds from the SBA against regulatory capital (which approximates equity capital) that is paid-in and is subject to customary regulatory requirements including an examination by the SBA.

  • This $100.9 million increase in cash used by financing activities was primarily due to a decrease in proceeds from issuance of common stock of $86.7 million and an increase in repayments of Asset-Backed Notes and Long-Term SBA Debentures of $34.8 million and $34.8 million, respectively, during the nine months ended September 30, 2014.

  • WSCC does not have liquid capital resources sufficient to pay off the outstanding principal and accrued interest and fees on the SBA Debentures, and does not expect to be able to access capital sufficient to pay off the debentures by April 14, 2010.


More Definitions of SBA Debentures

SBA Debentures has the meaning ascribed to such term in Section 7.1(g).
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SBA Debentures means a Fund's indebtedness to the SBA pursuant to its SBIC debenture program.
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Related to SBA Debentures

  • Series A Debentures means the 8.675% Series A Junior Subordinated Deferrable Interest Debentures due February 1, 2027 of the Debenture Issuer issued pursuant to the Indenture.

  • Initial Debentures means the Debentures designated as “9.5% Unsecured Convertible Debentures” and described in Section 2.5;

  • Exchange Debentures has the meaning set forth in Section 2(a) hereof.

  • Series B Debentures means the $200 million aggregate principal amount of 4.903% Series B senior unsecured debentures of the Trust due July 5, 2023.

  • Other Debentures means all junior subordinated debentures issued by the Guarantor from time to time and sold to trusts to be established by the Guarantor (if any), in each case similar to the Issuer.

  • Subordinated Debentures means the debentures exchangeable by the Company for the Preferred Stock in accordance with the Certificate of Designations therefor.

  • Bridge Notes means the series of notes, of which this Note is a part, dated on or about the date hereof, each of which are identical, other than the date of the Note, identity of the Holder and principal amount of this Note.

  • Convertible Debentures means the 10½% Convertible Subordinated Debentures due 2007 of the Company.

  • Debentures has the meaning stated in the first recital of this Indenture.

  • New Notes shall have the meaning assigned to such term in Section 32.

  • Convertible Debenture means the 6% convertible debenture dated July 1, 2008 and due July 1, 2011, in the amount of CAD$10,000,000 issued by Orezone to the Debentureholder;

  • 2014 Notes means the aggregate principal amount of US$399,517,000 of 10.25% Guaranteed Senior Notes Due 2014 issued pursuant to the 2014 Note Indenture.

  • Convertible Notes means the 2.75% Convertible Senior Notes of the Borrower due 2022 issued pursuant to the Convertible Notes Indenture.

  • UK Debenture has the meaning assigned to that term Section 5.1(b).

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

  • 2029 Notes has the meaning specified in the recitals of this Supplemental Indenture.

  • 2011 Notes means those certain notes issued pursuant to the Note Purchase Agreement dated as of March 22, 2011 among the Company and the purchasers named in Schedule A thereto.

  • 2028 Notes means the Borrower’s $650,000,000 aggregate principal amount notes due June 13, 2028, issued in June 2023 and July 2023.

  • 2015 Notes means the 8.375% senior notes due 2015 in the principal amounts of $615 million and €500 million issued pursuant to the 2015 Notes Indenture.

  • 2016 Notes means the aggregate principal amount of US$460,000,000 of 4.25% Convertible Senior Notes Due 2016 issued pursuant to the 2016 Note Indenture.

  • 2012 Notes means the 5.125% Senior Secured Notes due 2022 issued by the Issuer on July 2, 2012.

  • Existing Convertible Notes means any convertible notes or other convertible debt securities of the Company outstanding on the date of this Agreement.

  • MAC Notes The Classes of Modifiable And Combinable STACR® Notes shown on

  • Promissory Notes Security", "Record", "Security Account", "Software", and "Supporting Obligations".

  • Revolving Notes means the promissory notes of the Borrower in favor of each of the Lenders evidencing the Revolving Loans provided pursuant to Section 2.1(e), individually or collectively, as appropriate, as such promissory notes may be amended, modified, supplemented, extended, renewed or replaced from time to time.

  • New Convertible Notes means the Company’s 5.0% Senior Unsecured Convertible Notes due 2023.