SBA Lender definition

SBA Lender means The Bank of San Antonio.

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SBA Lender has entered into certain Secondary Participation Guaranty Agreements on SBA Form 1086 (each, a "Participation Agreement") with a purchaser (each, a "Guaranteed Holder"), FTA and SBA. Under the Participation Agreements, SBA Lender has sold the guaranteed portion (the "Guaranteed Interest") in certain SBA Lender Loans (the "Loan Pool"). SBA has caused FTA to issue a certificate to each Guaranteed Holder which entitles the Guaranteed Holder to receive the payments and other recoveries of principal relating to the Guaranteed Interest on the related SBA Lender Loans, together with interest on the Guaranteed Interest at a per annum rate in effect from time to time in accordance with the Participation Agreement. The SBA Lender and the Trustee have entered into a Pooling and Servicing Agreement dated as of December 1, 1997 (the "Pooling and Servicing Agreement") which establishes a trust (the "Trust"). Under the Pooling and Servicing Agreement, SBA Lender will convey the Conveyed Interest to the Trust. The Trust will issue certificates (the "Certificates") evidencing the right to receive the Unguaranteed Interest in the SBA Lender Loans in the Loan Pool together with interest.

SBA Lender has made and intends to continue to make loans to small businesses under the Small Business Act, as amended ("SBA Lender Loans"). SBA guarantees a portion of each SBA Lender Loan in accordance with 13 C.F.R. Part 120 and a Small Business Administration Loan Guaranty Agreement (SBA Form 750), dated March 27, 1997, between SBA and Business Loan Center, Inc. ("the SBA Agreement").

Examples of SBA Lender in a sentence

• SBA further acknowledges that it has no interest in any collateral that secures any SBA Lender Loan or any Loan Document, except to the extent the collateral secures or a Loan Document relates to the Guaranteed Interest.

• SBA may, at its option, assume servicing of any SBA Lender Loan in accordance with SBA Rules and Regulations.

• If this Agreement is terminated by either Lender or SBA, Lender hereby agrees that SBA may in its sole discretion transfer some or all of the covered loans and/or the servicing and liquidation of such covered loans and related fees or income to SBA or another entity approved by SBA.

• Other than the issuance of the Certificates, Trustee will not sell, participate, pledge, hypothecate, enter into any repurchase agreement with respect to, or otherwise transfer any of its interest in any SBA Lender Loan or any Note without SBA's prior written consent.

• SBA Lender will pay FTA its standard fee for its services under this Agreement.

• SBA, Lender, and Registered Holder (for itself and each subsequent Registered Holder) agree that ownership of the Guaranteed Interest shall be evidenced by a Certificate to be issued by SBA.

• SBA Lender will reimburse FTA for all expenses, taxes, and other charges that FTA incurs in administering this Agreement.

• SBA, Lender and Registered Holder (for itself and for any subsequent Registered Holder) agree to the appointment by SBA of FTA to serve as the agent to transfer Certificates and to receive loan repayments, and to transmit such payments to the Registered Holder.

• Registered Holder may, without the consent of SBA, Lender or FTA, transfer the ownership of the Guaranteed Interest and all of its rights and obligations under this Agreement to a subsequent assignee via the SBA Form 1088 (other than the Borrower, Lender, or an "Associate" of the Lender as defined in 13 C.F.R. §120, or anyone standing in the same relationship to the Borrower).

• Upon request by SBA, SBA Lender will reimburse SBA for all expenses and other charges that SBA incurs in connection with this Agreement.

More Definitions of SBA Lender

SBA Lender means Park Midway Bank.

SBA Lender means any Lender to the extent such Lender is licensed as a permissible lender under the SBA.

SBA Lender means ▇▇▇▇▇▇▇ Capital Partners SBIC, L.P., together with its successors and assigns to the extent such Lender is licensed as a permissible lender under the SBA.

SBA Lender has granted to Warehouse Lender a security interest in all SBA Lender Loans, together with all collateral securing the SBA Lender Loans and all related Loan Documents.

SBA Lender has made and intends to continue to make loans to small businesses under the Small Business Act, as amended ("SBA Lender Loans"). SBA guarantees a portion of each SBA Lender Loan in accordance with 13 C.F.R. Part 120 ("SBA Regulations") and a Small Business Administration Loan Guaranty Agreement (SBA Form 750), dated March 27, 1997, between SBA and SBA Lender ("the SBA Agreement"). SBA Lender, Guarantor and Warehouse Lender have entered into a Loan Agreement (together with any related security agreement and other related documents, the "Warehouse Lender Agreement") dated as of March 25, 1998, under which SBA Lender is borrowing money from Warehouse Lender to make SBA Lender Loans.