§107.1210. Payment of leverage fee upon receipt of commitment. — Inbound Citations
13 C.F.R. § 107.1210
Statutory Authority
Cited by 3 regulations in release Current.
Citations to 13 U.S.C. § 107.1210 as a whole
-
(b) The Leverage application process has two parts. You must first apply for SBA's conditional commitment to reserve a specific amount of Leverage for your future use. You may then apply to draw down Leverage against the commitment. See §§ 107.1200 through 107.1240.
-
(2) If you issue a Debenture or Participating Security that is not used to repay or redeem existing Leverage, SBA will deduct the leverage fee from the proceeds remitted to you, unless you prepaid the fee under § 107.1210.
-
(a) Under the provisions in §§ 107.1200 through 107.1240, you may apply for SBA's conditional commitment to reserve a specific amount and type of Leverage for your future use. You may then apply to draw down Leverage against the commitment.