Federal Rights. When SBA is the holder of the Note, this Agreement will be construed and enforced under federal law, including SBA regulations. Secured Party or SBA may use state or local procedures for filing papers, recording documents, giving notice, enforcing security interests or liens, and for any other purposes. By using such procedures, SBA does not waive any federal immunity from state or local control, penalty, tax or liability. As to this Agreement, Borrower may not claim or assert any local or state law against SBA to deny any obligation, defeat any claim of SBA, or preempt federal law.
Appears in 30 contracts
Samples: Loan Authorization and Agreement (Monterey Capital Acquisition Corp), Loan Authorization and Agreement (American Picture House Corp), Authorization and Agreement (Amphitrite Digital Inc)
Federal Rights. When SBA is the holder of the Note, this Agreement will be construed and enforced under federal law, including SBA regulations. Secured Party or SBA may use state or local procedures for filing papers, recording documents, giving notice, enforcing security interests or liens, and for any other purposes. By using such procedures, SBA does not waive any federal immunity from state or local control, penalty, tax or liability. As to this Agreement, Borrower Debtor may not claim or assert any local or state law against SBA to deny any obligation, defeat any claim of SBA, or preempt federal law.
Appears in 4 contracts
Samples: Assumption Agreement (Aureus Inc), Administration Security Agreement (STRATA Skin Sciences, Inc.), Security Agreement
