§ 108.1240. Funding of NMVC Company's draw request through sale to third-party.
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/us/cfr/t13/s§ 108.1240·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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.