In the sentences extracted from financial agreements in U.S. SEC filings, identify the named entities that represent a person ('PER'), an organization ('ORG'), or a location ('LOC'). The required answer format is: 'entity name, entity type'.
Text: Borrower will make , and cause each Subsidiary to make , timely payment of all material federal , state , and local taxes or assessments and will deliver to Bank , on demand , appropriate certificates attesting to the payment .
Answer:
Borrower, PER
Bank, ORG