Common use of Cross-Collateralization and Default Clause in Contracts

Cross-Collateralization and Default. The Security Instruments, including this Agreement, the Notes 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 Notes, this Agreement or any such instrument shall constitute an event of default under all such other instruments.

Appears in 3 contracts

Sources: Loan Agreement (Harte Hanks Inc), Loan Agreement (Harte Hanks Inc), Loan Agreement (Harte Hanks Inc)

Cross-Collateralization and Default. The Security Instruments, including this Agreement, the Notes Note and any other instrument given in connection with, or as security for, any Indebtedness of the Borrower or any Subsidiary, shall serve as security one for the other, and an event Event of default Default under any of the Notes, this Agreement Security Instruments or any such instrument shall constitute an event Event of default Default under all such other instrumentsSecurity Instruments.

Appears in 1 contract

Sources: Loan Agreement (Integrated Security Systems Inc)

Cross-Collateralization and Default. The Security security Instruments, including this Agreement, the Notes Revolving Credit Note and any other instrument given in connection with, or as security for, any Indebtedness of any Borrower or any Subsidiary, Subsidiary shall serve as security one for the other, and an event of default under the Notes, this Agreement Revolving Credit Note or any such instrument shall constitute an event of default under all such other Revolving Credit Note and instruments.

Appears in 1 contract

Sources: Loan Agreement (Ultrak Inc)