Collateral Enhancement Program definition

Collateral Enhancement Program means the Small Business Collateral Enhancement Program created by the State Small Business Credit Initiative Allocation Agreement.
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Examples of Collateral Enhancement Program in a sentence

  • The Lender may cause the Borrower to pay the Collateral Enhancement Program closing fee.

  • Upon notice to the Lender, Development may inspect the files of the Lender relating to the Collateral Enhancement Program, during normal business hours of the Lender.

  • Without limiting the generality of such obligation, Lender shall pay or cause to be paid all unemployment compensation, insurance premiums, workers’ compensation premiums, income tax withholding, social security withhold, and any and all other taxes or payroll deductions required for all employees engaged by Lender in connection with the Collateral Enhancement Program.

  • Development may select an outside auditor to audit not more often than annually the Lender’s files for loans and other documents under the Collateral Enhancement Program.

  • The Lender consents to the transmittal to Development, by any financial institutions regulatory agency of the federal or state governments, any information directly relating to the Lender’s participation in the Collateral Enhancement Program.

  • Extensions of the line of credit within such thirty-six month (36) period will not require separate applications for the Collateral Enhancement Program or payment of additional Collateral Enhancement Program fees.

  • Performance reports are essential for Development’s effective administration of the Collateral Enhancement Program and its incentive programs, generally.

  • No member, officer or employee of Development, including any person executing this Enhancement Agreement, shall be liable personally under this Enhancement Agreement or subject to any personal liability for any reason relating to the execution of this Enhancement Agreement or the Collateral Enhancement Program.

  • Lender acknowledges that this Agreement and other records in the possession or control of Development regarding the Collateral Enhancement Program are public records under Section 149.43 of the O.R.C. and are open to public inspection unless a legal exemption applies.

  • The amount of principal included in the Claim may not exceed the Original Principal covered by the Collateral Enhancement Program.