(a) first, the payment of all fees and expenses that are necessarily related to the sale, carrying out and continuation of the borrower`s business or, in any other way, to the performance or exercise of the trusts, powers and obligations that have been conferred on taxes or lenders under the security or otherwise in respect of that security; the remuneration of a receiver and a manager (if applicable); Many lenders are reluctant to enter into agreements that would jeopardize their ability to obtain adequate compensation if the borrower was late. Entrepreneurs seeking financing from multiple sources can find themselves in difficult positions when borrowers need security arrangements for their assets. In particular, small businesses may have few real estate assets or assets that can be used as collateral to secure credit. The borrower may have limited opportunities to provide collateral that would satisfy lenders. Even if a guarantee agreement only gives a partial interest in the protection of the asset, lenders may be reluctant to offer financing for the property. The possibility of cross-protection would remain, which would constrain the liquidity of the asset in an attempt to release its value and provide compensation to lenders. The existence of a guarantee agreement and a possible right of pledge on these guarantees could affect the borrower`s ability to obtain increased financing from other lenders. The asset that serves as collateral is tied to the terms of the first lender, which would mean that securing another loan against the same land would lead to cross-protection. 7.3 The Borrower has the right to establish further guarantee rights over its assets, as described in Annex A, in order to secure working capital facilities in the amount of 20.00,00,000.00 (Taka twenty crore) in favour of lenders on the basis of Pari Passu, as described above. 6.1.3 Neither the performance nor the performance of this Agreement is contrary to the terms or provisions of its constituent instruments or, where applicable, their constitution or creation, or to any breach, breach of provisions or late payment, or does not require an agreement under any agreement or other instrument in which it participates or in which it is bound; is contrary to the provisions of a judgment, regulation or order or statute, rule or regulation applicable to them. A guarantee contract refers to a document that presents a lender with a protective interest for a given asset or immovable property that is mortgaged as collateral.
The conditions shall be laid down at the time of the establishment of the security agreement. Security agreements are a necessary part of the business world, because without them, lenders would never grant loans to certain companies. In case of delay of the borrower, the mortgaged guarantees can be confiscated and sold by the lender. Security agreements often contain agreements containing provisions for the promotion of funds, a repayment plan or insurance requirements. The borrower may also authorize the lender to retain collateral for the loan until repayment. Guarantee agreements may also cover intangible assets such as patents or receivables. . . .