Common use of Borrower’s commitments Clause in Contracts

Borrower’s commitments. 4.1 The borrower commits to providing the lender with true, complete, and valid materials. 4.2 The borrower will cooperate with the lender in loan disbursement management, post-loan management, and related inspections. 4.3 The borrower will not use loan funds for investments in fixed assets, equity, or in areas prohibited by the state. The borrower will also not attempt to circumvent the lender’s payment control. 4.4 The borrower commits to fully performing all obligations under this contract.

Appears in 2 contracts

Sources: Maximum Loan Agreement (MaxsMaking Inc.), Maximum Loan Agreement (MaxsMaking Inc.)