Common use of Contracts of Surety Clause in Contracts

Contracts of Surety. Except for the endorsements of Borrower of negotiable instruments for deposit or collection in the ordinary course of business, Borrower is not a party to any contract of guaranty or surety.

Appears in 2 contracts

Samples: Loan Agreement (Arts Way Manufacturing Co Inc), Credit Agreement (Anthony Clark International Insurance Brokers LTD)

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Contracts of Surety. Except for the endorsements of Borrower of negotiable instruments for deposit or collection in the ordinary course of businessbusiness of Borrower, Borrower is has not a party to executed any contract of guaranty or surety.

Appears in 2 contracts

Samples: Loan Agreement (Merchants Bancorp), Loan Agreement (Merchants Bancorp)

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