Common use of Cross-Collateral Clause in Contracts

Cross-Collateral. The security interests, liens and other rights and interests in and relative to any collateral now or hereafter granted to Bank by Borrower by or in any instrument or agreement, including but not limited to this Note and the Other Documents, shall serve as security for any and all obligations of Borrower 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.

Appears in 3 contracts

Samples: Edac Technologies Corp, Edac Technologies Corp, Edac Technologies Corp

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Cross-Collateral. The security interests, liens and other rights and interests in and relative to any collateral Collateral now or hereafter granted to Bank by Borrower by or in any instrument instuument or agreement, including but not limited to this Note Agreement and the Other Documents, shall serve as security for any and all obligations of Borrower 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.

Appears in 1 contract

Samples: Master Credit Agreement (Polyvision Corp)

Cross-Collateral. The security interests, liens and other rights and interests in and relative to any collateral now or hereafter granted to Bank by Borrower by or in any instrument or agreement, including but not limited to this Note Agreement and the Other Documents, shall serve as security for any and all obligations of Borrower 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.

Appears in 1 contract

Samples: Credit Agreement (Edac Technologies Corp)

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Cross-Collateral. The security interests, liens and other rights and interests in and relative to any collateral of the real or personal property of Debtor now or hereafter granted to Bank by Borrower Debtor by or in any instrument or agreement, including but not limited to this Note and the Other DocumentsAgreement, shall serve as security for any and all obligations liabilities of Borrower Debtor to Bank, including but not limited to the liabilities described in this Agreement and the Note and, for the repayment thereof, Bank may resort to any security held by it in such order and manner as it may elect.

Appears in 1 contract

Samples: Security Agreement (Edac Technologies Corp)

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