Other Borrower Agreements Clause Samples
The "Other Borrower Agreements" clause defines the borrower's obligation to comply with additional agreements or covenants beyond the main loan contract. This may include adherence to side agreements, related financial arrangements, or compliance with specific undertakings required by the lender, such as maintaining insurance or providing regular financial statements. Its core function is to ensure that the borrower fulfills all related commitments that could impact the lender's risk or the overall loan arrangement, thereby providing comprehensive protection and clarity for the lender.
Other Borrower Agreements. The term "Other Borrower Agreements" shall mean and include, without limitation, the Financing Agreement, the Security Agreement-Inventory and the Security Agreement [Equipment] executed and delivered by Other Borrower in favor of Gibraltar, the Guaranty of Other Borrower's Obligations to Gibraltar executed and delivered by Borrower in favor of Gibraltar and all other related agreements, documents, notes, instruments, mortgages, guaranties and deeds of trust creating or evidencing indebtedness or granting collateral security therefor, executed and delivered in favor of Gibraltar, as all of the foregoing may now exist or may hereafter be amended, modified, supplemented, renewed or extended.
Other Borrower Agreements