Common use of Cross Default; Cross Collateral Clause in Contracts

Cross Default; Cross Collateral. The Borrower hereby agrees that (a) all other agreements between Borrower and the Bank or any of its affiliates is hereby amended so that a default under this Agreement is a default under all other agreements and a default under any one of the other agreements is a default under this Agreement, and (b) the collateral under this Agreement secures the obligations now or hereafter outstanding under all other agreements between Borrower and the Bank or any of its affiliates and the collateral pledged under any other agreement with the Bank or any of its affiliates secures the obligations under this Agreement.

Appears in 2 contracts

Samples: Revolving Credit Loan Agreement (Sterling Construction Co Inc), Credit Loan Agreement (Sterling Construction Co Inc)

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Cross Default; Cross Collateral. The Borrower hereby agrees that (a) all other agreements between Borrower and the Bank or any of its affiliates is hereby amended so that a default under this Agreement is a default under all other agreements and a default under any one of the other agreements is a default under this Agreement, and (b) the collateral Collateral under this Agreement secures the obligations now or hereafter outstanding under all other agreements between Borrower and the Bank or any of its affiliates and the collateral pledged under any other agreement with the Bank or any of its affiliates secures the obligations under this Agreement.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Bestway Inc)

Cross Default; Cross Collateral. The Borrower hereby agrees that (a) all All other agreements between Borrower and the Bank or Lender and/or any of its Lenders affiliates is are hereby amended so that (a) a default under this Agreement is a default under all other agreements and a default under any one of the other agreements is a default under this Agreement, ; and (b) the collateral Collateral under this Agreement secures the obligations Obligations now or hereafter outstanding under all other agreements between Borrower and the Bank or any of with Lender and/or its affiliates and the collateral pledged under any other agreement with the Bank or any of Lender and/or its affiliates secures the obligations Obligations under this Agreement.

Appears in 1 contract

Samples: Security and Service Agreement (Easy Money Holding Corp)

Cross Default; Cross Collateral. The Borrower hereby agrees that (a) all other agreements between Borrower and the Bank or any of its affiliates is hereby amended so that a default under this Agreement is a default under all other agreements and a default under any one of the other agreements is a default under this Agreement, and (b) the collateral under this Agreement secures the obligations now or hereafter outstanding under all other agreements between Borrower and the Bank or any of its affiliates and the collateral pledged under any other agreement with the Bank or any of its affiliates secures the obligations under this Agreement.under

Appears in 1 contract

Samples: Loan Agreement (Neutral Posture Ergonomics Inc)

Cross Default; Cross Collateral. The Borrower hereby agrees that (a) all other agreements between Borrower and the Bank Lender or any of its affiliates is Lender's Affiliates are hereby amended so that a default under this Agreement is a default under all such other agreements and a default under any one of the other agreements is a default under this Agreement, and (b) the collateral Collateral under this Agreement secures the obligations Obligations now or hereafter outstanding under all other agreements between Borrower and the Bank Lender or any of its affiliates Lender's Affiliates and the collateral pledged under any other agreement with the Bank Lender or any of its affiliates Affiliates secures the obligations Obligations under this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (NQL Inc)

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Cross Default; Cross Collateral. The All other agreements between ------------------------------- Borrower and Lender and/or any of Lender's affiliates are hereby agrees amended so that (a) all other agreements between Borrower and the Bank or any of its affiliates is hereby amended so that a default under this Agreement is a default under all other agreements and a default under any one of the other agreements is a default under this Agreement, ; and (b) the collateral Collateral under this Agreement secures the obligations Obligations now or hereafter outstanding under all other agreements between Borrower and the Bank or any of with Lender and/or its affiliates and the collateral pledged under any other agreement with the Bank or any of Lender and/or its affiliates secures the obligations Obligations under this Agreement.

Appears in 1 contract

Samples: Loan, Security and Service Agreement (TFC Enterprises Inc)

Cross Default; Cross Collateral. The Borrower hereby agrees that (a) all other agreements between the Borrower and the Bank or any of its affiliates is hereby amended so that a default under this Agreement is a default under all other agreements and a default under any one of the other agreements is a default under this Agreement, and (b) the collateral under this Agreement secures the obligations now or hereafter outstanding under all other agreements between Borrower and the Bank or any of its affiliates and the collateral pledged under any other agreement with the Bank or any of its affiliates secures the obligations under this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Plymouth Commercial Mortgage Fund)

Cross Default; Cross Collateral. The Borrower hereby agrees that (a) all All other agreements between Borrower and the Bank or Lender and/or any of its Lender's affiliates is are hereby amended so that (a) a default under this Agreement is a default under all other agreements and a default under any one of the other agreements is a default under this Agreement, ; and (b) the collateral Collateral under this Agreement secures the obligations Obligations now or hereafter outstanding under all other agreements between Borrower and the Bank or any of with Lender and/or its affiliates and the collateral pledged under any other agreement with the Bank or any of Lender and/or its affiliates secures the obligations Obligations under this Agreement.

Appears in 1 contract

Samples: Loan, Security and Service Agreement (Thatlook Com Inc/Nv)

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