13 C.F.R. · Business Credit and Assistance
13 C.F.R. § 107.1720

Characteristics of SBA's guarantee.

Title 13 C.F.R. ● ACTIVE Primary Source
Regulatory Text

13 C.F.R. § 107.1720 — Characteristics of SBA's guarantee.

§ 107.1720 Characteristics of SBA's guarantee. If SBA agrees to guarantee a Licensee's Debentures or Participating Securities, such guarantee will be unconditional, irrespective of the validity, regularity or enforceability of the Debentures or Participating Securities or any other circumstances which might constitute a legal or equitable discharge or defense of a guarantor. Pursuant to its guarantee, SBA will make timely payments of principal and interest on the Debentures or the Redemption Price of and Prioritized Payments on the Participating Securities. [63 FR 5873, Feb. 5, 1998]

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BS-CFR13-SEC-FF2DF8
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REGULATION / FEDERAL-CFR-SECTION
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13 C.F.R. § 107.1720
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The regulatory text of 13 C.F.R. § 107.1720 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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