Interests in Borrower Clause Samples
The 'Interests in Borrower' clause defines the rights or claims that parties, typically lenders, may have in the borrower's assets or ownership interests. In practice, this clause may specify whether the lender is granted a security interest, lien, or other form of collateral in the borrower's property, or if the lender is restricted from acquiring such interests. For example, it might prohibit the lender from taking an equity stake in the borrower or require the borrower to maintain clear title to certain assets. The core function of this clause is to clarify and control the extent of the lender's rights in relation to the borrower's assets, thereby managing risk and preventing conflicts of interest.
Interests in Borrower. (a) As of the Closing Date, all of the equity interests in Borrower are owned by the Persons identified in the Disclosure Statement.
(b) Borrower may amend the Disclosure Statement with respect to this Section 4.2 to reflect changes that would not, individually or in the aggregate, result in a Change of Control Event.
Interests in Borrower. All of the interests in Borrower are owned by the Persons identified in the Schedule of Investors and such Schedule of Investors reflects the Capital Commitment of each Investor, the Remaining Commitment of each Investor, and the contributed portion of the Capital Commitment of each Investor. Borrower may amend the Schedule of Investors: (a) to the extent such amendment is not in contravention of the Governing Documents of Borrower, and (b) to the extent that such amendment is permitted pursuant to Section 6.9 hereof, and upon Agent’s receipt of a copy of same, such amendment shall be deemed to automatically amend Exhibit S-1.
Interests in Borrower. The Pledgor owns 100% of the ownership interests of the Borrower.