§107.550. Prior approval of secured third-party debt of Leveraged Licensees. — Inbound Citations

(3) The restrictions in § 107.550 on third-party debt.

(10) For the purposes of this definition, if any Associate relationship described in paragraphs (1) through (7) of this definition exists at any time within six months before or after the date that a Licensee provides Financing, then that Associate relationship is considered to exist on the date of the Financing.

Capital Call Line has the meaning set forth in § 107.550(c).

Capital Impairment has the meaning set forth in § 107.1830(c).

Central Registration Agent or CRA means one or more agents appointed by SBA for the purpose of issuing TCs and performing the functions enumerated in § 107.1620 and performing similar functions for Debentures and Participating Securities funded outside the pooling process.

Charge has the same meaning as Annual Charge.

Close Relative of an individual means: