13 CFR 107.1585 - Exchange of Debentures for Participating Securities.

§ 107.1585 Exchange of Debentures for Participating Securities.
You may, in SBA's discretion, retire a Debenture through the issuance of Participating Securities. To do so, you must:
(a) Obtain SBA's approval to issue Participating Securities;
(b) Pay all unpaid accrued interest on the Debenture, plus any applicable prepayment penalties, fees, and other charges;
(c) Have outstanding Equity Capital Investments (at cost) equal to the amount of the Debenture being refinanced; and
(d) Classify all your existing Loans and Investments as Earmarked Assets.
[63 FR 5869, Feb. 5, 1998]

Title 13 published on 2014-01-01

no entries appear in the Federal Register after this date.

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