Examples of SBI Act in a sentence
The information set forth in the documents provided to Purchaser pursuant to the SBI Act remain accurate and complete.
The only transactions engaged in by each Credit Party in the ordinary course of its business consist of: (i) the making and servicing of Loans and Investments (in the case of BL in compliance with the SBI Act and the SBA Regulations promulgated thereunder); and (ii) transactions incidental to the foregoing.
Company, together with its "affiliates" (within the meaning set forth in Section 121.103 of Title 13 of the CFR), is a "small business concern" (as that term is defined in the SBI Act, including Section 121.105(a) of Title 13 of the CFR).
The only transactions engaged in by each Borrower in the ordinary course of its business consist of: (i) the making and servicing of Loans and Investments [(in the case of MBC, in compliance with the SBI Act and the SBA Regulations promulgated thereunder)]; and (ii) transactions incidental to the foregoing.
The Company is in material compliance with all conditions or requirements imposed by the SBA or any other applicable Governmental Authority with respect to its status as an SBIC including, without limitation, all conditions and requirements imposed under the SBI Act and the SBA Regulations promulgated thereunder.
The only transactions engaged in by Borrower in the ordinary course of its business consist of: (i) the making and servicing of Loans and Investments in compliance with the SBI Act and the SBA Regulations promulgated thereunder; and (ii) transactions incidental to the foregoing.
Notwithstanding any other provision contained herein to the contrary, the covenants contained in this subsection 7.2(b) shall continue to be effective for such period of time in which (i) Purchaser owns or has the option to own any Common Stock, or other securities convertible into Common Stock, of Company and (ii) Purchaser is a licensee under the SBI Act.
The only transactions engaged in by the Company in the ordinary course of its business consist of: (i) the making and servicing of Loans and Investments in compliance with the SBI Act and the SBA Regulations promulgated thereunder; and (ii) transactions incidental to the foregoing.
Borrower is in compliance with all conditions or requirements imposed by the SBA or any other applicable Governmental Authority with respect to its status as a SBIC including, without limitation, all conditions and requirements imposed under the SBI Act and the SBA Regulations promulgated thereunder.