---
kind: "section"
citation: "13 C.F.R. § 107.1210"
title: "13"
number: "107.1210"
heading: "Payment of leverage fee upon receipt of commitment."
url: "https://uscodex.org/cfr/13/107.1210"
---

# §107.1210. Payment of leverage fee upon receipt of commitment.

- (a) **Partial prepayment of leverage fee.** As a condition of SBA's Leverage commitment, and before you draw any Leverage under such commitment, you must pay to SBA a non-refundable fee equal to 1 percent of the face amount of the Debentures or Participating Securities reserved under the commitment. This amount represents a partial prepayment of the 3 percent leverage fee established under [§ 107.1130(a)](/cfr/13/107.1130.md?p=a).
- (b) **Automatic cancellation of commitment.** Unless you pay the fee required under [paragraph (a)](#a) of this section by 5:00 P.M. Eastern Time on the 30th calendar day following the issuance of SBA's Leverage commitment, the commitment will be automatically canceled.

## Notes

### Amendments

[63 FR 5868, Feb. 5, 1998]

### Authority

Authority: 15 U.S.C. 662, 681-687, 687b-h, 687k-m.

### Source

Source: 61 FR 3189, Jan. 31, 1996, unless otherwise noted.

### Amendments

[63 FR 5868, Feb. 5, 1998]