13 CFR 107.1210 - Payment of leverage fee upon receipt of commitment.

§ 107.1210 Payment of leverage fee upon receipt of commitment.
(a) Partial prepayment of leverage fee. As a condition of SBA's Leverage commitment, and before you draw any Leverage under such commitment, you must pay to SBA a non-refundable fee equal to 1 percent of the face amount of the Debentures or Participating Securities reserved under the commitment. This amount represents a partial prepayment of the 3 percent leverage fee established under § 107.1130(a).
(b) Automatic cancellation of commitment. Unless you pay the fee required under paragraph (a) of this section by 5:00 P.M. Eastern Time on the 30th calendar day following the issuance of SBA's Leverage commitment, the commitment will be automatically canceled.
[63 FR 5868, Feb. 5, 1998]

Title 13 published on 2015-01-01.

No entries appear in the Federal Register after this date, for 13 CFR Part 107.

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United States Code
Statutes at Large

Title 13 published on 2015-01-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 13 CFR Part 107 after this date.

  • 2015-03-18; vol. 80 # 52 - Wednesday, March 18, 2015
    1. 80 FR 14034 - Small Business Investment Companies—Early Stage
      GPO FDSys XML | Text
      Advance Notice of Proposed Rulemaking (ANPRM).
      Comments must be received on or before May 18, 2015.
      13 CFR Part 107