Common use of Cross-Collateralization and Default Clause in Contracts

Cross-Collateralization and Default. The Collateral shall secure all of the Obligations and the Receivables Loan Obligations. 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 Receivables Loan Documentation) shall secure the Obligations as well as the "Obligations" as defined in the Receivables Loan Agreement, and vice versa. In addition, the Loan and the 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 the foregoing ("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 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 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 and the Receivables Loan Obligations. 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 Receivables Loan Documentation) shall secure the Obligations as well as the "“Obligations" ” as defined in the Receivables Loan Agreement, and vice versa. In addition, the Loan and the 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 the foregoing ("“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 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 ’s Lien on Collateral pursuant to the Receivables Loan Documentation shall be deemed to also be a release of Lender's ’s Lien on such Collateral pursuant to the Loan Documents.

Cross-Collateralization and Default. The Collateral shall secure all of primarily secures the Obligations but shall also provide additional security for all Inventory Loan Obligations (all such other obligations and Indebtedness, collectively, the Receivables Loan Obligations“Other Indebtedness”). All Liens, pledges, assignments, mortgages, security interests, and other collateral granted to or for the benefit of Lender pursuant hereto or secure any other documents or instruments (including, but not limited to, the Receivables Loan Documentation) Other Indebtedness shall also secure the Obligations as well as the "Obligations" as defined in the Receivables Loan Agreement; provided, however, that any Lien, pledge, assignment, mortgage, security interest or other collateral granted to secure any Other Indebtedness primarily secures such Other Indebtedness and vice versa. In addition, shall provide additional collateral security for the Loan and the 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 the foregoing ("Additional Collateral")Obligations. Borrower agrees to shall (and shall cause its Affiliates to) deliver financing statements and other documents, instruments and agreements as may be reasonably required by Agent, any Lender or any holder of Other Indebtedness to further evidence and perfect the Liens and cross-collateralization in favor of Lender Agent, Lenders and such holder of Other Indebtedness provided for in this AgreementAgreement and/or the documentation evidencing or securing such Other Indebtedness; provided, however, that Borrower acknowledges that no further actions or documents shall be necessary for such purpose. In addition, the Loanthis Agreement and any documentation evidencing and/or securing any Other Indebtedness (including, without limitation, the Receivables Inventory Loan and all other loans made by Lender to Borrower or any Affiliate of Borrower Documentation) shall be cross-defaulted such that any event of default with respect to any such loan Other Indebtedness shall constitute an Event of Default hereunder, and vice versa. Notwithstanding the foregoing, a Nothing set forth in this Section 2.17 shall be interpreted to limit Agent’s obligations to release of Lender's its Lien on any Pledged Receivables and the related Collateral pursuant to in accordance with the Receivables Loan Documentation shall be deemed to also be a release terms of Lender's Lien on such Collateral pursuant to the Loan DocumentsSections 2.15(a) and (b) hereof.

Cross-Collateralization and Default. The Collateral shall secure all of the Obligations and the “Obligations” as defined in the Existing Receivables Loan ObligationsAgreement. 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 DocumentationDocuments) 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 the foregoing 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.