SBA Lender definition

SBA Lender means The Bank of San Antonio.
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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 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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Examples of SBA Lender in a sentence

  • This Subordination Agreement is void if it is not duly executed by SBA, Lender, and Owner, or does not contain the written approval of all other individuals and legal entities with direct or contingent liability for repaying the SBA Loan such as the Borrower and all guarantors.

  • Paragraphs (c) through (e) of this section list the grounds that trigger enforcement actions against each type of SBA Lender.

  • 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.

  • If this Agreement is terminated by either Lender or SBA, Lender hereby agrees that SBA may in its sole discretion transfer some or all of the covered loans and/or the servicing and liquidation of such covered loans and related fees or income to SBA or another entity approved by SBA.

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

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

  • SBA, Lender and Registered Holder (for itself and for any subsequent Registered Holder) agree to the appointment by SBA of FTA to serve as the agent to transfer Certificates and to receive loan repayments, and to transmit such payments to the Registered Holder.

  • 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.

  • SBA, Lender, and Registered Holder (for itself and each subsequent Registered Holder) agree that ownership of the Guaranteed Interest shall be evidenced by a Certificate to be issued by SBA.


More Definitions of SBA Lender

SBA Lender means Park Midway Bank.
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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 means any Lender 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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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.

  • Lead Lender means a lending insti- tution having a direct contractual rela- tionship with a borrower to advance funds, which institution sells or as- signs an interest or interests in such loan to one or more other lenders.

  • 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 in each instance on behalf of the Lenders hereunder.

  • Terminated Lender as defined in Section 2.19.

  • 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 Borrower.

  • Issuing Lender means WFCF or any other Lender that, at the request of Borrower and with the consent of Agent, agrees, in such Lender’s sole discretion, to become an Issuing Lender for the purpose of issuing Letters of Credit or Reimbursement Undertakings pursuant to Section 2.11 of the Agreement and the Issuing Lender shall be a Lender.

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