SBA Approval. Each of the Company and Parent (i) shall use their best efforts, and shall take all actions as may be necessary, desirable or convenient, to obtain the approval of the SBA with respect to the Merger and the transactions contemplated hereby and (ii) will comply at the earliest practicable date with any request for additional information received by it from the SBA.
SBA Approval. No General Partner or Limited Partner may transfer any interest of ten percent (10%) or more in the capital of the Partnership without the prior approval of SBA.
SBA Approval. Lender shall have received prior written consent of the SBA for this Amendment, or Borrower shall have shown to Lender’s satisfaction that no SBA consent is required.
SBA Approval. Each Purchaser which is a SBIC Holder ------------- shall have received all approvals from the SBA necessary to purchase the Securities.
SBA Approval. MCC shall have obtained from the SBA such approvals as may be necessary for the SBA Debentures to remain outstanding in accordance with their terms following the Effective Time. 50
SBA Approval. The SBA shall have approved the Merger, this Agreement and the transactions contemplated hereby; provided, that if such approval is subject to any conditions, such conditions shall be reasonably acceptable to Parent and shall not prevent the continued operation of Company substantially as currently conducted.
SBA Approval. Notwithstanding the provisions of Section 3.05 herein or any other provision of this Agreement, the parties acknowledge that ASCR has recently acted as a guarantor of an SBA loan, and that such guaranty imposes certain restrictions on the use of ASCR's business premises and the disposition of ASCR's assets. The parties further understand that ASCR's ability to perform its Stage Two Closing obligations depends on the waiver of certain of these restrictions by SBA. ASCR has advised SBA of the transactions contemplated by this Agreement, and has received preliminary assurances that such waivers will probably be granted on or before the scheduled Stage Two Closing Date. Both parties agree to cooperate and use their reasonable best efforts to obtain such SBA approval. However, in the event that SBA does not approve the proposed transactions, the parties agree to extend the term of the Rental Equipment lease until April 30, 2001, and Xxxx and Xxxxxx Xxxxx will continue to manage ZAP's equipment rental business at the 0000 Xxxx Xxxxxx premises until such date. The purchase price specified in Sections 2.02 and 2.03 herein shall be paid as provided therein, but such payment shall be treated as an advance of the lease payments, and the amount of the payment shall be reduced by the salvage value of the Rental Equipment as of April 30, 2001.
SBA Approval. The SBA shall have approved the Merger, this Agreement and the transactions contemplated hereby, including the waiver of any payments due to the SBA as a result of the Company's previous repurchase of its 3% preferred stock from the SBA and any accrued interest or dividends due to the SBA as a result of the transactions contemplated hereby and any liens on the Company's assets or properties in favor of the SBA.
SBA Approval. Each of Capital and Trust (a) shall use its commercially reasonable efforts, and shall take all actions as may be necessary, desirable or convenient, to obtain the approval of the SBA with respect to the Merger and the transactions contemplated hereby (the "SBA Approval") and (b) will comply at the earliest practicable date with any request for additional information received by it from the SBA.
SBA Approval. The SBA Approval shall have been issued by the SBA and shall not contain any terms and conditions that are (a) unacceptable to either party, in its reasonable discretion, or (b) inconsistent with this Agreement.
