---
kind: "section"
citation: "13 C.F.R. § 108.1240"
title: "13"
number: "108.1240"
heading: "Funding of NMVC Company's draw request through sale to third-party."
url: "https://uscodex.org/cfr/13/108.1240"
---

# §108.1240. Funding of NMVC Company's draw request through sale to third-party.

- (a) **NMVC Company's authorization of SBA to arrange sale of securities to third-party.** By submitting a request for a draw of Debenture Leverage, you authorize SBA, or any agent or trustee SBA designates, to enter into any agreements (and to bind you to such agreements) necessary to accomplish:
  - (1) The sale of your Debenture to a third-party at a rate approved by SBA; and
  - (2) The purchase of your security from the third-party and the pooling of your security with other securities with the same maturity date.
- (b) **Sale of Debentures to a third-party.** If SBA arranges for the sale of your Debenture to a third-party, the sale price may be an amount discounted from the face amount of the Debenture.

## Notes

### Authority

Authority: 15 U.S.C. 689-689q.

### Source

Source: 66 FR 28609, May 23, 2001, unless otherwise noted.