Common use of Cross-Collateral Clause in Contracts

Cross-Collateral. All loans and advances by Bank to Borrower under this Agreement and under all other agreements constitute one loan, and all indebtedness and obligations of Borrower to Bank under this and under all other agreements, present and future, constitute one general obligation secured by the Collateral and security held and to be held by Bank hereunder and by virtue of all other assignments and security agreements between Borrower and Bank now and hereafter existing. It is expressly understood and agreed that all of the rights of Bank contained in this Agreement shall likewise apply insofar as applicable to any modification of or supplement to this Agreement and to any other agreements, present and future, between Bank and Borrower.

Appears in 2 contracts

Samples: Asset Based (Cable Link Inc), Loan and Security Agreement (Moto Photo Inc)

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Cross-Collateral. All loans and advances by ---------------------------------------- Bank to Borrower under this Agreement and under all other agreements constitute one loan, and all indebtedness and obligations of Borrower to Bank under this and under all other agreements, present and future, constitute one general obligation secured by the Collateral and security held and to be held by Bank hereunder and by virtue of all other assignments and security agreements between Borrower and Bank now and hereafter existing. It is expressly understood and agreed that all of the rights of Bank contained in this Agreement shall likewise apply insofar as applicable to any modification of or supplement to this Agreement and to any other agreements, present and future, between Bank and Borrower.

Appears in 1 contract

Samples: Asset Based Loan and Security Agreement (Techdyne Inc)

Cross-Collateral. All loans Loan and advances by Bank to Borrower under this Agreement Agreement, the other Loan Documents and under all other agreements constitute one loan, and all indebtedness Indebtedness and obligations Obligations of Borrower to Bank under this Agreement, the other Loan Documents and under all other agreements, present and future, constitute one general obligation secured by the Collateral Collateral, and other security held and to be held by Bank hereunder and by virtue of all other assignments and security agreements between Borrower and Bank now and hereafter existing. It is expressly understood and agreed that all of the rights of Bank contained in this Agreement shall likewise apply insofar as applicable to any modification of or supplement to this Agreement Agreement, any of the other Loan Documents and to any other agreements, present and future, between Bank and Borrower.

Appears in 1 contract

Samples: Pledge Agreement (Zaring National Corp)

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Cross-Collateral. All loans and advances by Bank to Borrower Borrowers under this Agreement and under all other agreements constitute one loan, and all indebtedness and obligations of Borrower Borrowers to Bank under this and under all other agreements, present and future, constitute one general obligation secured by the Collateral and security held and to be held by Bank hereunder and by virtue of all other assignments and security agreements between Borrower Borrowers and Bank now and hereafter existing. It is expressly understood and agreed that all of the rights of Bank contained in this Agreement shall likewise apply insofar as applicable to any modification of or supplement to this Agreement and to any other agreements, present and future, between Bank and BorrowerBorrowers.

Appears in 1 contract

Samples: Workout Agreement (Quality Products Inc)

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