13 C.F.R. § 107.1210 Payment of leverage fee upon receipt of commitment.
Title 13 - Business Credit and Assistance
(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: Business Credit and Assistance
PART 107—SMALL BUSINESS INVESTMENT COMPANIES
Subpart I—SBA Financial Assistance for Licensees (Leverage)
Conditional Commitments by SBA To Reserve Leverage for a Licensee
§ 107.1210 Payment of leverage fee upon receipt of commitment.
