6 MAC Pt. 1, R. 14.15

Reimbursement Agreement Prerequisite

Year: 2026Length: 61 wordsOfficial source

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.
6 MAC Pt. 1, R. 14.15: Reimbursement Agreement Prerequisite | Justis AI