SBIC Act definition

SBIC Act means the Small Business Investment Act of 1958, as amended.

SBIC Act shall have the meaning assigned to such term in Section 7.16.

SBIC Act means the Small Business Investment Act of 1958, as amended, and the rules and regulations thereunder and interpretations thereof promulgated by SBA, as in effect from time to time.

Examples of SBIC Act in a sentence

• Neither Borrower nor any of its affiliates (if any) will engage in any activities or use directly or indirectly the proceeds from the Loan for any purpose for which a small business investment company is prohibited from providing funds by the SBIC Act, including 13 C.F.R. §107.720.

• Portions of the loan to Borrower will be made under the SBA license and the SBIC Act.

• Without obtaining the prior written approval of Agent, Borrower will not change within 1 year of the date hereof, Borrower’s current business activity to a business activity which a licensee under the SBIC Act is prohibited from providing funds by the SBIC Act.

• Borrower acknowledges that it has been advised that PIOP is a Small Business Investment Company and licensee under the SBIC Act.

• Without obtaining the prior written approval of Lender, Borrower will not change within 1 year of the date hereof, Borrower’s current business activity to a business activity which a licensee under the SBIC Act is prohibited from providing funds by the SBIC Act.

More Definitions of SBIC Act

SBIC Act means the Small Business Investment Act of 1958, as amended, and the regulations promulgated and issued by the Small Business Administration thereunder, codified as Title 13 of the Code of Federal Regulations, 107 and 121, as amended.

SBIC Act shall have the meaning ascribed to such term in Section 5.1(a).

SBIC Act. Small Business Investment Company Act, as amended from time to time.

SBIC Act means the Small Business Investment Act of 1958, as amended, and the regulations promulgated thereunder, including 13 C.F.R. Section 107.

SBIC Act has the meaning given to it in Section 7.23.

SBIC Act the meaning specified in Section 9.1.

SBIC Act means the Small Business Investment Act of 1958, as amended. “SBIC Holder” means any member which is an SBIC.