Examples of SBIC in a sentence
The Customer confirms that the information provided is correct and accurate and that the Customer has authorized SBIC to act on the Customer’s instructions and process the Customer’s requested Funds Transfer PAD(s), and that all persons who are required to sign on the Customer’s account with SBIC have signed this PAD Agreement.
In addition, SBIC shall be excused from failing to accept, execute or settle with respect to a Request if: (a) to do so would result in SBIC having exceeded any limitation upon SBIC’s intra-day net funds position established pursuant to present or (b) SBIC reasonably and in good faith believes that any legal process may limit or otherwise affect the actions.
Online, xxxxx://xxx.xxx.xxx/sites/default/files/Small%20Business%20Investment%20Act%20of%201958_0.pdf (Feb 5th, 2020) 81 “Apply to Be an SBIC,” Apply to be an SBIC, accessed March 28, 2021, xxxxx://xxx.xxx.xxx/partners/sbics/apply- be-sbic.
SBIC will not be responsible for failing to act or delay in acting if such failure or delay is caused by legal constraint, interruption of transmission or communication facilities, equipment failure, war, terrorism, pandemic event (which includes the fear of contacting an illness), emergency conditions or other Act of God or circumstances beyond the control of SBIC.
SBIC may also execute the Customer‘s instructions in part only and in whatever order that SBIC shall in its sole and absolute discretion determine.