Additional or Future Security Sample Clauses

The 'Additional or Future Security' clause establishes the lender's right to request further collateral from the borrower beyond what was initially provided. This clause typically applies if the value of existing security decreases, or if the lender deems it necessary to protect their interests due to changes in the borrower's financial situation. Its core function is to ensure the lender remains adequately secured throughout the term of the agreement, thereby mitigating the risk of loss if the borrower's ability to repay is compromised.