SBA Compliance. Maker acknowledges that Holder is a licensed Small Business Investment Corporation and thereby a participant in the SBIC program of the U. S. Small Business Administration ("SBA"), and as such is subject to the rules, regulations, guidance and direction of the SBA on matters affecting its business and investment practices, and that such rules and regulations affect the business activities and practices of the companies in which Holder makes investments. Maker shall promptly and fully cooperate with Holder to facilitate both Maker's and Holder's compliance with all such SBA rules, regulations, guidance and direction.
SBA Compliance. The Borrower shall promptly deliver to the Administrative Agent the results of all SBA compliance audits and any material correspondence received or sent by the Borrower with respect to the Collateral Loans unless the SBA has prohibited the delivery of any such audits or correspondence.
SBA Compliance. The Loan Parties do not presently engage in (and at all times that a PPP Loan of any Loan Party remains outstanding will not engage in) any activities prohibited by the CARES Act, and no Loan Party will use (directly or indirectly) the proceeds from the PPP Loan for any purpose for which a recipient of a covered loan received under the CARES Act is prohibited under the CARES Act. At all times that a PPP Loan of any Loan Party remains outstanding, the Loan Parties shall take all actions necessary to maintain eligibility under the Paycheck Protection Program established under the CARES Act and shall comply in all material respects with the terms and conditions of the PPP Loan.
SBA Compliance. The Servicer is party to a current Small Business Administration Loan Guaranty Agreement (Deferred Participation) (SBA Form 750), which agreement is in full force and effect, and the Servicer has not been notified of the SBA's revocation of the Servicer's Preferred Lender or Certified Lender status where such status then exists to originate SBA Loans pursuant to the Small Business Administration Section 7(a)
SBA Compliance. 9 3.7. Key Executive Insurance...............................................10 3.8. Legality; Governmental Authorization..................................10 3.9. General...............................................................10 4.
SBA Compliance. The Company shall have furnished to the Investors that are SBICs all forms which such Investors shall have informed the Company are required by the Small Business Administration ("SBA") in connection with the transactions contemplated hereby, including a Size Status Declaration on SBA Form 480, an Assurance of Compliance on SBA Form 652D and a Portfolio Financing Report on SBA Form 1031, which forms shall be in proper form for filing with the SBA.
SBA Compliance. 18 Section 8.3
SBA Compliance. The terms and conditions of this -------------- Agreement shall be in compliance with all statutes and regulations governing the Investors as small business investment companies.
SBA Compliance. Should it be determined that any provision -------------- of this Agreement is in violation of any statute or regulation governing small business investment companies, the parties agree that any such offending provision shall be modified or re-written as may be reasonably necessary to comply with the applicable statute or regulation and effect the parties' original intent under this Agreement.
SBA Compliance. No later than 120 days after the end of each calendar year, the Borrower shall deliver, or in the case of a servicer of the SBA Loans other than the Borrower cause any and all such servicers to deliver, to the Lender an officer’s certificate stating that the Borrower, or such servicer (as the case may be), has complied with all obligations under the SBA Rules and Regulations and Accepted Servicing Practices. In addition, the Borrower shall deliver to the Lender promptly the results of all SBA compliance audits and any material correspondence received or sent by either the Borrower or any and all Servicers with respect to the Eligible SBA Loans.
