Common use of SBA Approval Clause in Contracts

SBA Approval. Each of CIM 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 Transactions (the “SBA Approval”) and (b) will comply at the earliest practicable date with any request for additional information received by it from the SBA.

Appears in 1 contract

Sources: Merger Agreement (PMC Commercial Trust /Tx)

SBA Approval. Each of CIM 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 Transactions 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.

Appears in 1 contract

Sources: Merger Agreement (PMC Commercial Trust /Tx)