Discuss each provision and explain the benefit of such provision to the creditor.

1. The borrower is required to maintain a certain amount of working capital or a given current ratio.

2. The borrower is required to furnish the bank of the creditor with audited annual financial statements and detailed direct quarterly or monthly statements

.3. The borrower is prohibited to sell or dispose his business property, except inventories.

4. The borrower is required to provide ample insurance coverage to his business properties and key employees.

5. Restrictions are imposed to the borrower regarding cash dividends and a ceiling on officers salaries is imposed.

6. A restriction is imposed on the borrower regarding the expansion of fixed assets beyond the amount of the term loan.

7. The borrower is prohibited from incurring additional long-term debt or additional lease obligations.

8. The borrower is not allowed to repurchase the companys own stock.

can you please discuss each one of this question right now? because I want to learn on it or what this all about thank you:)