SBA Regulations definition
Examples of SBA Regulations in a sentence
None of the Triangle Entities or their respective subsidiaries is currently prohibited, directly or indirectly, from paying any dividends, from making any other distribution on its capital stock or securities, from repaying any loans or advances or from transferring any of its property or assets, except as described in Preliminary Prospectus and the Prospectus and as may be limited by the 1940 Act or SBA Regulations of general applicability.
Except for those limitations of general application provided in the 1940 Act, the SBA Regulations and the Code, there are no material restrictions, limitations or regulations with respect to the ability of the Company or the Funds to invest their assets as described in the Preliminary Prospectus or the Prospectus.
None of the Credit Parties is a “passive business” as defined in the SBA Regulations.
The sum of (i) the Interest Rate paid by the Credit Parties to the Lenders and (ii) all other consideration paid by the Credit Parties to the Lenders pursuant to the Notes and any other provision of this Agreement that constitutes Cost of Money, shall not exceed, with respect to any Lender that is an SBIC, the ceiling for the Cost of Money that is applicable to the Notes pursuant to SBA Regulations.
All businesses receiving SBA assistance must agree not to discriminate in any business practice, including employment practices and services to the public, on the basis of categories cited in 13 C.F.R., Parts 113, and 117 of SBA Regulations.
Except for those limitations of general application provided in the 1940 Act, the SBA Regulations and the Code, there are no material restrictions, limitations or regulations with respect to the ability of the Triangle Entities to invest their assets as described in the Preliminary Prospectus or the Prospectus.
Borrower and Land Owner shall diligently pursue and perform all actions and satisfy all conditions required to comply with the SBA Regulations and necessary to obtain the SBA 504 Loan and a funding thereof within ninety (90) days of the Completion Date.
Prior to the Closing, the Co-Borrowers shall deliver to Prospect Street any documentation required pursuant to the SBA Act or the SBA Regulations, including, but not limited to: SBA Forms 480, 652 and 1031 and the SBA Certificate dated as of the Closing Date and executed by the chief executive officer or president of each of the Co-Borrowers, substantially in the form and to the effect of Exhibit I hereto.
Within thirty (30) days after the Closing Date, Borrower shall submit to the Lenders a written statement in accordance with SBA Regulations and otherwise in form and substance acceptable to each Lender, verifying that the proceeds of the Loan have been utilized by Borrower as contemplated in Section 2.01(c).
Civil Rights Legislation -- All businesses receiving SBA financial assistance must agree not to discriminate in any business practice, including employment practices and services to the public on the basis of categories cited in 13 C.F.R., Parts 112, 113, and 117 of SBA Regulations.