Cross Collateral/Cross Default. All Collateral shall secure the payment and performance of all of Borrower's liabilities and obligations to Lender hereunder and under any of the loan documents relating hereto including, but not limited to all Interim Notes and all Term Notes (the Loan and Security Agreement, the Interim Notes, the Term Notes, the Supplemental Security Agreement(s) and all other loan documents may be referred to herein collectively as the "Loan Documents"). Lender's security interest in the Collateral shall not be terminated until and unless all of Borrower's obligations to Lender under any of the Loan Documents are fully paid and performed. The occurrence of an event of default under any other of the Loan Documents shall be deemed to be an Event of Default hereunder and an Event of Default hereunder shall be deemed to be an event of default under any other of the Loan Documents.
Cross Collateral/Cross Default. Borrower specifically acknowledges that any default in or with respect to any obligation that is included in the Indebtedness as set forth in this Agreement is and will be a default of this Agreement and the Line of Credit. Borrower specifically acknowledges that the Collateral secured this Agreement and all obligations that comprise the Indebtedness.
Cross Collateral/Cross Default. The following new Sections are added to the Instruments after the last numbered Section:
Cross Collateral/Cross Default. The Borrower acknowledges and agrees that, in consideration of the Loan and such other financial accommodations as the Lender may make to the Borrower in the future, the Collateral granted by the Borrower hereunder shall serve to collateralize any and all other Indebtedness of the Borrower to the Lender, whether presently existing or hereafter arising; and the parties further agree that: (i) an "Event of Default" within the meaning of any loan agreement, note, security agreement or other document or instrument relating to any other Indebtedness of the Borrower to the Lender, whether presently existing or hereafter arising, shall constitute an "Event of Default" hereunder and under the Loan Documents; and (ii) that an "Event of Default" hereunder or under any of the Loan Documents, or any other documents or instrument executed and delivered by the Borrower to the Lender in connection therewith, shall constitute an "Event of Default" within the meaning of any such other loan agreement, note, security agreement or other document or instrument.
Cross Collateral/Cross Default. The Borrower acknowledges and agrees that, in consideration of the Loan and such other financial accommodations as the Lender has made in the past and/or may make to the Borrower in the future, the Collateral granted by the Borrower hereunder shall serve to collateralize any and all other Indebtedness of the Borrower to the Lender, whether presently existing or hereafter arising, including without limitation, that certain debt in the principal amount of $600,000.00 evidenced by that certain Promissory Note dated April 4, 1996 executed by the Borrower for the benefit of Lender and pursuant to the terms of that certain Loan and Security Agreement dated April 4, 1996 by and between the Borrower and the Lender (hereinafter referred to as the "April Debt"); and the parties further agree that: (i) an "Event of Default" within the meaning of any loan agreement, note, security agreement or other document or instrument relating to the April Debt or any other Indebtedness of the Borrower to the Lender, whether presently existing or hereafter arising, shall constitute an "Event of Default" hereunder and under the Loan Documents; and (ii) that an "Event of Default" hereunder or under any of the Loan Documents, or any other documents or instrument executed and delivered by the Borrower to the Lender in connection therewith, shall constitute an "Event of Default" within the meaning of any such other loan agreement, note, security agreement or other document or instrument.
Cross Collateral/Cross Default. Except as set forth in Schedule 13.21, the security interests, liens and other rights and interests in and relative to any collateral now or hereafter granted to Bank by Borrower and any Guarantor by or in any instrument or agreement, including but not limited to this Agreement and the Other Documents, shall serve as security for any and all obligations of Borrower or any Guarantor to Bank, and, for the repayment thereof, Bank may resort to any security held by it in such order and manner as it may elect. The Borrower and any Guarantor (by virtue of their Guaranty), acknowledge and agree that the occurrence of an Event of Default under the terms of this Agreement shall constitute a default under the documents evidencing any other loan now existing or hereinafter made by the Bank to any Borrower and/or any Guarantor and the occurrence of an event of default under the documents evidencing any other loan now existing or hereafter made by the Bank to any Borrower and/or any Guarantor shall constitute an Event of Default under this Agreement.
Cross Collateral/Cross Default. All Collateral shall secure the ------------------------------ payment and performance of all of Borrower's liabilities and obligations to Lender hereunder and under any of the documents or instruments now or hereafter executed and delivered by Borrower in connection with or pursuant to this Agreement or the Term Loan including, but not limited to the Term Note (the Loan and Security Agreement, the Term Note, the Supplemental Security Agreement(s) and all such other documents or instruments may be referred to herein collectively as the "Loan Documents"). Lender's security interest in the Collateral shall not be terminated until and unless all of Borrower's obligations to Lender under any of the Loan Documents are fully paid and performed. The occurrence of an event of default under any other of the Loan Documents shall be deemed to be an Event of Default hereunder and an Event of Default hereunder shall be deemed to be an event of default under any other of the Loan Documents.
Cross Collateral/Cross Default. The Obligations and any other obligations under the Loan Documents or the Guaranties shall be and constitute secured "Liabilities" or "Obligations" as defined in, and secured pursuant to, any other security agreement now existing or hereafter entered into between Borrower and the Agent for the benefit of the Lenders. The occurrence of any event of default under any other credit or loan agreement or agreement evidencing obligations for borrowed money, or under any other such security agreement, entered into between the Borrower and the Agent for the benefit of the Lenders, shall constitute an Event of Default hereunder.
Cross Collateral/Cross Default. All Collateral shall secure the payment and performance for all of Debtor’s liabilities and obligations to Creditor hereunder, under any other agreement between Debtor and Creditor, and under any of the loan documents relating hereto, including but not limited to all Equipment Finance Agreements, Lease Agreements, Interim Funding Agreements and all other documents (referred to herein collectively as the “Documents”). Creditor’s security interest in the Collateral shall not be terminated until and unless all of Debtor’s obligations to Creditor under any of the Documents are fully paid and performed. The occurrence of an event of default under any other of the Documents shall be deemed to be an Event of Default hereunder and an Event of Default hereunder shall be deemed to be an Event of Default under the Documents.
Cross Collateral/Cross Default. A default under this Mortgage constitutes a default under every other loan obligation between Mortgagor, Guarantor and Mortgagee, and a default under any other loan obligation between Mortgagor, Guarantor and Mortgagee constitutes a default under this Mortgage.
