Old 03-26-2020, 03:31 PM
  #18  
MtnPeakCruiser
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Joined APC: Aug 2010
Position: A319/A320/A321 CA
Posts: 363
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The Loans come with obligations for collateral as well: Paragraph B would apply to us (not a publicly traded company).

Page 525

FINANCIAL PROTECTION OF GOVERNMENT.—
(1) WARRANT OR SENIOR DEBT INSTRUMENT.—
The Secretary may not issue a loan to, or a loan guarantee for, an eligible business under paragraph (1), (2), or (3) of subsection (b) unless—
(A) (i) the eligible business has issued secu- rities that are traded on a national securities exchange; and
(ii) the Secretary receives a warrant or equity interest in the eligible business; or


(B) in the case of any eligible business other than an eligible business described in sub- paragraph (A), the Secretary receives, in the discretion of the Secretary—
(i) a warrant or equity interest in the eligible business; or
(ii) a senior debt instrument issued by the eligible business.
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