Mississippi Administrative Code
Title 6 - Economic Development
Part 1 - Financial Resources
Chapter 14 - Mississippi Small Enterprise Development (SED) Finance Act
Rule 6-1-14.15 - Reimbursement Agreement Prerequisite
Universal Citation: MS Code of Rules 6-1-14.15
Current through September 24, 2024
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.
Miss. Code Ann. § 57-71-1 et. seq. (Rev. 2008)
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