Events of default and SBA's remedies for Licensee's noncompliance with terms of Debentures.

CFR · 2024-01-01 · US · Title 13

(a) (b) (1) (2) (3) (c) (1) Without notice, presentation or demand, the entire indebtedness evidenced by your Debentures, including accrued interest, and any other amounts owed SBA with respect to your Debentures, is immediately due and payable; and (2) You automatically consent to the appointment of SBA or its designee as your receiver under section 311(c) of the Act. (d) (1) (2) (3) (4) (5) (6) (7) (8) (9) (e) (1) SBA may declare the entire indebtedness evidenced by your Debentures, including accrued interest, and/or any other amounts owed SBA with respect to your Debentures, immediately due and payable; and (2) SBA may avail itself of any remedy available under the Act, specifically including institution of proceedings for the appointment of SBA or its designee as your receiver under section 311(c) of the Act. (f) (1) (2) (i) Distributions permitted under § 107.585; (ii) Payments from Retained Earnings Available for Distribution based on either the shareholders' pro-rata interests or the provisions for profit distributions in your partnership agreement, as appropriate; (iii) Distributions by Participating Securities issuers as permitted under §§ 107.1540 through 107.1580; and (iv) Distributions by Early Stage SBICs as permitted under § 107.1180. (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (g) (i) SBA may declare the entire indebtedness evidenced by your Debentures, including accrued interest, and/or any other amounts owed SBA with respect to your Debentures, immediately due

official document · source cfr-2024 · id 13:§ 107.1810