Cross-Collateralization and Default. The Security Instruments, including this Agreement, the Note and any other instrument given in connection with, or as security for, any Indebtedness of Borrower or any Subsidiary, shall serve as security one for the other, and an event of default under the Note or any such instrument shall constitute an event of default under all such other Note and instruments.
Cross-Collateralization and Default. The Collateral shall secure all of the Obligations and the “Obligations” as defined in the Existing Receivables Loan Agreement. All Liens, pledges, assignments, mortgages, security interests, and other collateral granted to or for the benefit of Lender pursuant hereto or any other documents or instruments (including, but not limited to, the Existing Receivables Loan Documents) shall secure the Obligations as well as the “Obligations” as defined in the Existing Receivables Loan Agreement, and vice versa. In addition, the Loan and the Existing Receivables Loan shall be further secured by the Liens and security interests in favor of Lender in the properties and interests which serve as collateral security for any other loans or obligations now or hereafter made by Lender to Borrower or any Affiliate of Borrower (“Additional Collateral”). Borrower agrees to deliver financing statements and other documents, instruments and agreements as may be required by Lender to further evidence and perfect the Liens and cross-collateralization in favor of Lender provided for in this Agreement. In addition, the Loan, the Existing Receivables Loan and all other loans made by Lender to Borrower or any Affiliate of Borrower shall be cross-defaulted such that any event of default with respect to any such loan shall constitute an Event of Default hereunder, and vice versa. Notwithstanding the foregoing, a release of Lender's Lien on Collateral pursuant to the Existing Receivables Loan Documentation shall be deemed to also be a release of Lender's Lien on such Collateral pursuant to the Loan Documents.
Cross-Collateralization and Default. The Collateral shall secure all of the Obligations as well as Borrower's obligations pursuant to the RFI Receivables Credit Facility and the obligations of Guarantor and any and all Affiliates of Guarantor under any loan(s) made by Lender to such Person(s); and all Liens, pledges, assignments, mortgages, security interests, and collateral granted to or for the benefit of Lender pursuant thereto or any other related documents or instruments shall also secure the Obligations. In addition, the Loan, the RFI Receivables Credit Facility and any other loan made by Lender to Guarantor or to any Affiliate of Guarantor shall be cross-defaulted such that (a) any "Default" and "Event of Default" (as those terms are defined in RFI Receivables Credit Facility Agreement and/or loan documents executed in connection with another loan made by Lender to Guarantor or any Affiliate of Guarantor) and (b) any act or event which, under the terms of the RFI Receivables Credit Facility and/or loan documents executed in connection with another loan made by Lender to Guarantor or any Affiliate of Guarantor, either immediately or with notice and/or the passage of time permits Lender to cease making advances under such loan and/or to accelerate repayment of such loan shall constitute a Default or an Event of Default, respectively, hereunder, and vice versa.
Cross-Collateralization and Default. The Collateral shall secure all of the Obligations as well as Borrower's obligations pursuant to the Timeshare Receivables Credit Facility, and all Liens, pledges, assignments, mortgages, security interests, and collateral granted to or for the benefit of Lender pursuant thereto or any other related documents or instruments shall also secure the Obligations. In addition, the Loan and the Timeshare Receivables Credit Facility shall be cross-defaulted such that any event of default with respect to the Timeshare Receivables Credit Facility shall constitute an Event of Default hereunder, and vice versa.
Cross-Collateralization and Default. Section 3.7 of the Loan Agreement, Section 13 of the First Modification Agreement and Section16 of the Second Modification Agreement are hereby deleted in their entirety and replaced with the following:
Cross-Collateralization and Default. The Collateral shall secure all of the Obligations. All Liens, pledges, assignments, mortgages, security interests and collateral granted by Borrower to or for the benefit of Lender pursuant hereto or any other related documents or instruments shall also secure the Obligations. In addition, all other loans of any type made by Lender to Borrower and any Affiliate of Borrower shall be cross-collateralized and cross-defaulted.
Cross-Collateralization and Default. The Collateral shall secure all of the Obligations. All Liens, pledges, assignments, mortgages, security interests, and other collateral granted to or for the benefit of Lender pursuant hereto or any other related documents or instruments shall also secure the Obligations as well as the "Obligations" as defined in the Inventory Loan Agreement. In addition, the Loan and all other loans made by Lender to Borrower or any Affiliate of Borrower (including, but not limited to, the Inventory Loan) shall be cross-defaulted such that any event of default with respect to any such loan shall constitute an Event of Default hereunder, and vice versa.
Cross-Collateralization and Default. The Collateral including, but not limited to, the Acapulco Mortgage (as defined below), shall secure all of the Obligations. All Liens, pledges, assignments, mortgages, security interests and collateral granted by any Borrower entity, Guarantor or any Affiliate of any Borrower entity or Guarantor to or for the benefit of Lender pursuant hereto or any other related documents or instruments shall also secure the Obligations. In addition, all other loans of any type made by Lender to any Borrower entity, Guarantor, or any Affiliate of any Borrower entity or Guarantor shall be cross-collateralized and cross-defaulted. Notwithstanding the foregoing, Borrower's failure to satisfy any and all payments required of Borrower pursuant to the terms of the Sublease Agreement and the Tri-Party Agreement shall constitute an Event of Default under the Loan.
Cross-Collateralization and Default. Any Default committed under any one or more of the Loan Documents and any other instrument given in connection with, or as security for, the Obligations of Borrower or any Subsidiary, shall constitute a Default under this Agreement as well as such other Loan Documents.
Cross-Collateralization and Default. The Collateral shall secure all of the Obligations as well as the obligations of Borrower, any Guarantor, or any Affiliate thereof pursuant to documents and instruments that evidence or secure any other timeshare-related loan or credit facility between Lender, Borrower, any Guarantor, or any Affiliate thereof, including but not limited to the Bridge Loan Credit Facility, the Timeshare Construction Credit Facility, the Timeshare Receivables Hypothecation Facility, and the Timeshare Receivables Purchase Facility. All Liens, pledges, assignments, mortgages, security interests, and other collateral granted to or for the benefit of Lender pursuant to any documents or instruments that evidence or secure any such other loans or facilities shall further secure Borrower's Obligations with respect to the Loan. In addition, the Loan and such other loans and facilities shall be cross-defaulted such that any event of default with respect to any such loan or credit facility shall constitute an Event of Default hereunder, and vice versa.
