Customer Agreement with Security Provisions (aka Commercial Credit Line Agreement)

This Customer Agreement with Security Provisions (also known as Commercial Credit Line Agreement) is between a financial institution or other entity (the “Lender”) and an individual/business who desires to open a commercial line of credit (the “Borrower”). A commercial line of credit allows a Borrower to purchase products, property, or services from third parties with funds obtained from the Lender. In exchange for the funds, the borrower promises to pay back such funds with interest and commission at specified times (as designated by the Agreement or drafts made under the Agreement). (continued ...)