CHAPTER 8
Guarantees and Security
8.1 GUARANTEES AND SECURITY GENERALLY
The obligations of a borrower under a credit agreement may be guaranteed by its parent, by its subsidiaries, and/or by other affiliates. The obligations of the borrower and guarantors may also be secured by collateral. Whether guarantee and security provisions are set forth in the credit agreement or in separate documents is typically a matter of style and convenience. Guarantees are often set out in the credit agreement (primarily for ease of reading); because of their length, security provisions are rarely set forth in the credit agreement, except perhaps in the asset-based lending context.
8.2 GUARANTEES
8.2.1 Guarantees Generally
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