Common use of Most Favored Lenders Clause in Contracts

Most Favored Lenders. Borrower agrees to promptly notify Agent in writing if any agreement for borrowed money to which Borrower is a party, contains or is amended to contain, financial or performance covenants more restrictive than those contained herein and upon Agent's request, Borrower agrees to amend this Agreement accordingly so that covenants contained herein are substantially the same as those contained in such other agreements for borrowed money so long as such covenants remain applicable to Borrower pursuant to such other agreements.

Appears in 3 contracts

Samples: Loan and Security Agreement (Resource America Inc), Loan and Security Agreement (Fidelity Leasing Inc), Loan and Security Agreement (Resource America Inc)

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Most Favored Lenders. Borrower agrees Borrowers agree to promptly notify Agent in writing if any agreement for borrowed money to which either Borrower is a party, contains or is amended to contain, financial or performance covenants more restrictive than those contained herein and upon Agent's request, Borrower agrees Borrowers agree to amend this Agreement accordingly so that covenants contained herein are substantially the same as those contained in such other agreements for borrowed money so long as such covenants remain applicable to Borrower pursuant to such other agreementsmoney.

Appears in 1 contract

Samples: Loan and Security Agreement (Capital Associates Inc)

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Most Favored Lenders. Borrower agrees to promptly notify Agent in writing if any agreement for borrowed money to which Borrower is a partyparty contains, contains or is amended to contain, financial or performance covenants more restrictive than those contained herein and upon Agent's request, Borrower agrees to amend this Agreement accordingly so that covenants contained herein are substantially the same as those contained in such other agreements for borrowed money so long as such covenants remain applicable to Borrower pursuant to such other agreementsmoney.

Appears in 1 contract

Samples: Loan and Security Agreement (Granite Financial Inc)

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