6 MAC Pt. 1, R. 14.15
Reimbursement Agreement Prerequisite
Cite as 6 Miss. Admin. Code Pt. 1, R. 14.15
Reimbursement Agreement Prerequisite. As a prerequisite to the LOC Agreement,
the Borrower may be required to provide the Financial Institution the following:
A. Certain positive and/or negative financial covenants;
B. Grant liens or security interests in assets of the Borrower or its affiliates or
stockholders;
C. Personal and/or corporate guarantees; and
D. Such other assurances as may be mutually agreed upon.