Loan Documents to be Executed by Credit Parties Clause Samples
The 'Loan Documents to be Executed by Credit Parties' clause requires that all parties receiving credit under a loan agreement must formally sign and deliver the necessary legal documents related to the loan. This typically includes promissory notes, security agreements, guarantees, and any other documents specified by the lender as conditions for funding. By mandating execution of these documents, the clause ensures that all obligations, rights, and terms are legally binding and enforceable, thereby protecting the lender’s interests and clarifying the responsibilities of each credit party.
Loan Documents to be Executed by Credit Parties. As a condition precedent to Lender’s disbursal or making of the Loans pursuant to this Agreement, Credit Parties shall have executed or cause to be executed and delivered to Lender all of the following documents, each of which must be satisfactory to Lender and Lender’s counsel in form, substance and execution: