Common use of Voucher Clause in Contracts

Voucher. The Borrower warrants that once any event that is enough to cause a material adverse effect on any security provider's financial condition or ability to perform the security obligation occurs or will occur, the Borrower will promptly provide new securities recognized by the Lender.

Appears in 2 contracts

Sources: Working Capital Loan Contract (Applied Optoelectronics, Inc.), Working Capital Loan Contract (Applied Optoelectronics, Inc.)