SBA Lender definition

SBA Lender has made and intends to continue to make loans to small businesses under the Small Business Act, as amended ("SBA Lender Loans"). SBA guarantees a portion of each SBA Lender Loan in accordance with 13 C.F.R. Part 120 and a Small Business Administration Loan Guaranty Agreement (SBA Form 750), dated March 27, 1997, between SBA and Business Loan Center, Inc. ("the SBA Agreement").
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SBA Lender has entered into certain Secondary Participation Guaranty Agreements on SBA Form 1086 (each, a "Participation Agreement") with a purchaser (each, a "Guaranteed Holder"), FTA and SBA. Under the Participation Agreements, SBA Lender has sold the guaranteed portion (the "Guaranteed Interest") in certain SBA Lender Loans (the "Loan Pool"). SBA has caused FTA to issue a certificate to each Guaranteed Holder which entitles the Guaranteed Holder to receive the payments and other recoveries of principal relating to the Guaranteed Interest on the related SBA Lender Loans, together with interest on the Guaranteed Interest at a per annum rate in effect from time to time in accordance with the Participation Agreement. The SBA Lender and the Trustee have entered into a Pooling and Servicing Agreement dated as of December 1, 1997 (the "Pooling and Servicing Agreement") which establishes a trust (the "Trust"). Under the Pooling and Servicing Agreement, SBA Lender will convey the Conveyed Interest to the Trust. The Trust will issue certificates (the "Certificates") evidencing the right to receive the Unguaranteed Interest in the SBA Lender Loans in the Loan Pool together with interest.
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SBA Lender means Park Midway Bank.
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Examples of SBA Lender in a sentence

  • SBA further acknowledges that it has no interest in any collateral that secures any SBA Lender Loan or any Loan Document, except to the extent the collateral secures or a Loan Document relates to the Guaranteed Interest.

  • SBA may, at its option, assume servicing of any SBA Lender Loan in accordance with SBA Rules and Regulations.

  • Other than the issuance of the Certificates, Trustee will not sell, participate, pledge, hypothecate, enter into any repurchase agreement with respect to, or otherwise transfer any of its interest in any SBA Lender Loan or any Note without SBA's prior written consent.

  • The SBA Lender will not hold FTA liable for any action taken in accordance with such instructions.

  • SBA Lender will assume liability for and indemnify, protect, and hold harmless FTA from any liabilities or losses arising out of this Agreement, except in the case of FTA's gross negligence or willful misconduct.

  • SBA Lender will pay FTA its standard fee for its services under this Agreement.

  • SBA Lender will reimburse FTA for all expenses, taxes, and other charges that FTA incurs in administering this Agreement.

  • None of SBA, Trustee, FTA or the Servicer will incur any liability or obligation to SBA Lender by reason of any reasonable or customary action taken in carrying out the provisions of this Agreement.

  • Prior to an Event of Default, Trustee will not take (i) any action regarding the servicing of any SBA Lender Loan or (ii) any action with respect to any SBA Lender Loan Debtor or any collateral securing any SBA Lender Loan.

  • In performing its obligations under this Agreement, FTA will not follow instructions from any party other than SBA or, pursuant to Section 8(c), upon the request of the SBA Lender and concurring instructions of Trustee.


More Definitions of SBA Lender

SBA Lender means The Bank of San Antonio.
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SBA Lender means XxXxxxx Capital Partners SBIC, L.P., together with its successors and assigns to the extent such Lender is licensed as a permissible lender under the SBA.
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SBA Lender has made and intends to continue to make loans to small businesses under the Small Business Act, as amended ("SBA Lender Loans"). SBA guarantees a portion of each SBA Lender Loan in accordance with 13 C.F.R. Part 120 ("SBA Regulations") and a Small Business Administration Loan Guaranty Agreement (SBA Form 750), dated March 27, 1997, between SBA and SBA Lender ("the SBA Agreement"). SBA Lender, Guarantor and Warehouse Lender have entered into a Loan Agreement (together with any related security agreement and other related documents, the "Warehouse Lender Agreement") dated as of March 25, 1998, under which SBA Lender is borrowing money from Warehouse Lender to make SBA Lender Loans.
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SBA Lender has granted to Warehouse Lender a security interest in all SBA Lender Loans, together with all collateral securing the SBA Lender Loans and all related Loan Documents.
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SBA Lender means any Lender to the extent such Lender is licensed as a permissible lender under the SBA.
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Related to SBA Lender

  • Non-BA Lender means any Lender which is not a BA Lender.

  • Lender has the meaning specified in the introductory paragraph hereto and, as the context requires, includes the Swing Line Lender.

  • Committed Lender means, as to any Lender Group, each of the financial institutions listed on Schedule I as a “Committed Lender” for such Lender Group, together with its respective successors and permitted assigns.

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

  • Approved Lender is defined in Section 12.1.

  • Canadian Lender means any Lender that (a) is a Canadian chartered bank lending and receiving payment through Canadian offices and (b) has a Canadian Commitment.

  • Revolving Lender means a Lender with a Revolving Commitment or, if the Revolving Commitments have terminated or expired, a Lender with Revolving Exposure.

  • L/C Lender a Lender with an L/C Commitment.

  • Facility Lender Any lender(s) or tax equity financing party providing any Facility Debt and any successor(s) or assigns thereto, collectively.

  • Fronting Lender means, as to any Letter of Credit transaction hereunder, Agent as issuer of the Letter of Credit, or, in the event that Agent either shall be unable to issue or shall agree that another Lender may issue, a Letter of Credit, such other Lender as shall agree to issue the Letter of Credit in its own name, but on behalf of the Lenders hereunder.

  • Terminated Lender as defined in Section 2.23.

  • PPP Lender means JPMorgan Chase Bank, N.A.

  • Designated Lender shall have the meaning set forth in Section 16.2(b) hereof.

  • Canadian Swingline Lender means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as lender of Canadian Swingline Loans hereunder.

  • DIP Lender means a lender under the DIP Facility.

  • Letter of Credit Bank means any Person who has provided a Servicer Letter of Credit pursuant to Section 4.02(b).

  • LC Issuer means Bank of America in its capacity as issuer of Letters of Credit hereunder, or any successor issuer of Letters of Credit hereunder.

  • Selling Lender has the meaning specified in Section 11.7 (

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Swing Loan Lender means PNC, in its capacity as lender of the Swing Loans.

  • Tranche B Lender means a Lender with a Tranche B Commitment or an outstanding Tranche B Term Loan.

  • Fronting Bank means each Lender identified as a “Fronting Bank” on Schedule II and any other Lender (in each case, acting directly or through an Affiliate) that delivers an instrument in form and substance satisfactory to the Borrowers and the Administrative Agent whereby such other Lender (or its Affiliate) agrees to act as “Fronting Bank” hereunder and that specifies the maximum aggregate Stated Amount of Letters of Credit that such other Lender (or its Affiliates) will agree to issue hereunder.

  • Bid Loan Lender means, in respect of any Bid Loan, the Lender making such Bid Loan to the Company.

  • Issuing Lender means, with respect to any Letter of Credit, the Lender which agrees or is otherwise obligated to issue such Letter of Credit, determined as provided in subsection 3.1B(ii).

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

  • LC Issuing Bank means each Lender identified as an “LC Issuing Bank” on Schedule II and any other Lender or Affiliate of a Lender that shall agree to issue a Letter of Credit pursuant to Section 2.04.