Federal Rights Contract Clauses (25)

Grouped Into 1 Collection of Similar Clauses From Business Contracts

This page contains Federal Rights clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Federal Rights. When SBA is the holder of the Note, this Agreement will be construed and enforced under federal law, including SBA regulations. Secured Party or SBA may use state or local procedures for filing papers, recording documents, giving notice, enforcing security interests or liens, and for any other purposes. By using such procedures, SBA does not waive any federal immunity from state or local control, penalty, tax or liability. As to this Agreement, Borrower may not claim or assert any local or state... law against SBA to deny any obligation, defeat any claim of SBA, or preempt federal law. View More Arrow
Federal Rights. When SBA is the holder of the Note, this Agreement will be construed and enforced under federal law, including SBA regulations. Secured Party or SBA may use state or local procedures for filing papers, recording documents, giving notice, enforcing security interests or liens, and for any other purposes. By using such procedures, SBA does not waive any federal immunity from state or local control, penalty, tax or liability. As to this Agreement, Borrower Debtor may not claim or assert any local o...r state law against SBA to deny any obligation, defeat any claim of SBA, or preempt federal law. View More Arrow
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