In the context of the input sentence, examine and categorize the entity type of 'Borrower'.
Options: location, organization, person

In the event that the IL Subsidiary owns any other assets , except as set forth herein , then Borrower shall notify Lenders and at Lenders ' option , the IL Subsidiary will become a co - Borrower to this Agreement and shall grant a first priority security interest in all assets ( except for intellectual property ) to the Agent , for the ratable benefit of the Lenders .
person