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The Required Procedures shall include maximum advance rates not in excess of the Maximum Underwritten Advance Rates with respect to each specified category of Note Receivable Collateral.", "snippet_links": [{"key": "written-policies-and-procedures", "type": "clause", "offset": [10, 41]}, {"key": "not-limited", "type": "clause", "offset": [82, 93]}, {"key": "documentation-guidelines", "type": "clause", "offset": [126, 150]}, {"key": "management-policies", "type": "clause", "offset": [162, 181]}, {"key": "approved-forms", "type": "definition", "offset": [318, 332]}, {"key": "with-respect-to", "type": "clause", "offset": [333, 348]}, {"key": "servicing-of-notes-receivable", "type": "clause", "offset": [378, 407]}, {"key": "approved-by", "type": "definition", "offset": [441, 452]}, {"key": "prior-to-the-closing-date", "type": "clause", "offset": [471, 496]}, {"key": "closing-certificate", "type": "definition", "offset": [517, 536]}, {"key": "as-amended", "type": "definition", "offset": [568, 578]}, {"key": "from-time-to-time", "type": "clause", "offset": [579, 596]}, {"key": "approval-of", "type": "clause", "offset": [620, 631]}, {"key": "secured-party", "type": "clause", "offset": [632, 645]}, {"key": "the-approval", "type": "clause", "offset": [659, 671]}, {"key": "the-required-lenders", "type": "clause", "offset": [675, 695]}, {"key": "advance-rates", "type": "clause", "offset": [744, 757]}, {"key": "specified-category", "type": "definition", "offset": [835, 853]}, {"key": "note-receivable-collateral", "type": "clause", "offset": [857, 883]}], "samples": [{"hash": "4RwcSSn1RWK", "uri": "/contracts/4RwcSSn1RWK#required-procedures", "label": "Sale Collateral Agreement", "score": 28.6237239838, "published": true}], "hash": "b6dd89fc36695ac3743cfc1d04b19dbe", "id": 10}], "next_curs": "CmASWmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjwLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIccmVxdWlyZWQtcHJvY2VkdXJlcyMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"size": 45, "snippet": "means procedures, including credit and underwriting standards, loan to value ratio limitations and the use of Approved Forms with respect to the financing and servicing of SBA 7(a) Note Receivables as in effect on the Closing Date, together with such changes and modifications thereto from time to time as shall be required by SBA Rules and Regulations or as have been approved in writing by Lender, in Lender\u2019s reasonable credit judgment.", "title": "Required Procedures", "id": "required-procedures", "examples": ["Make any changes or revisions to the <strong>Required Procedures</strong> except in the manner permitted by the definition of <strong>Required Procedures</strong>.", "The Servicer may not waive, modify or otherwise vary any provision of a Transferred Note Receivable, except as may be in accordance with the <strong>Required Procedures</strong> or with the consent of Agent.", "It has at all times, since the adoption of the <strong>Required Procedures</strong>, complied with the <strong>Required Procedures</strong> with respect to each Transferred Note Receivable in all material respects.", "No additional legal opinion, other information or instructions shall be required of the Holder to exercise this Purchase Warrant other than the <strong>Required Procedures</strong>.", "The Servicer is hereby authorized and instructed to require that each Obligor with respect to a Transferred Note Receivable maintain an Insurance Policy with respect to each Transferred Note Receivable and the Related Property, to the extent consistent with the <strong>Required Procedures</strong>.", "The Servicer will follow the practices and procedures set forth in the <strong>Required Procedures</strong> in order to realize upon such Related Property.", "This Section 2, the exercise form attached hereto and the <strong>Required Procedures</strong> set forth the totality of the procedures required of the Holder in order to exercise this Purchase Warrant.", "Make any changes or revisions in any material respect to the Borrower\u2019s <strong>Required Procedures</strong> without advance notice to, and consent by, Agent.", "Each Eligible SBA 7(a) Guaranteed Note Receivable and each Eligible SBA 7(a) Non-Guaranteed Note Receivable will be documented on Approved Forms in accordance with the <strong>Required Procedures</strong>.", "Each of the Servicer and the Sub-Servicer will (i) at its own expense, timely and fully perform and comply with all material provisions, covenants and other promises required to be observed by it under the Transferred Notes Receivable and the related Note Receivable Documents; and (ii) timely and fully comply in all material respects with the <strong>Required Procedures</strong> with respect to each Transferred Note Receivable and the related Note Receivable Documents."], "related": [["aml-kyc-procedures", "AML/KYC Procedures", "AML/KYC Procedures"], ["associated-procedures", "Associated Procedures", "Associated Procedures"], ["staff-vetting-procedures", "Staff Vetting Procedures", "Staff Vetting Procedures"], ["policies-and-procedures", "Policies and Procedures", "Policies and Procedures"], ["operation-procedures", "Operation Procedures", "Operation Procedures"]], "related_snippets": [], "updated": "2026-02-13T05:59:08+00:00"}, "json": true, "cursor": ""}}