Common use of Cross-Default; Cross-Collateralization Clause in Contracts

Cross-Default; Cross-Collateralization. Pledgor hereby acknowledges and agrees that (a) each other Loan Document and agreement between Pledgor and Secured Party is hereby amended, to the extent necessary, to provide that a Default or an Event of Default under this Agreement is a default or event of default, respectively, under each such Loan Document or agreement, and a default or event of default under any Loan Document or agreement between Pledgor and Secured Party is a Default or an Event of Default, respectively, under this Agreement, and (b) the Pledged Collateral secures the final and indefeasible payment to Secured Party in cash and performance of the Pledgor Obligations in full, whether now or hereafter outstanding under all other Loan Documents and agreements between Pledgor and Secured Party, and (c) that the Collateral and any other Property of any other Person pledged to Secured Party in connection with the transactions contemplated by this Agreement under any other Loan Document or agreement with Secured Party secures the final and indefeasible payment to Secured Party in cash and performance of the Pledgor Obligations in full.

Cross-Default; Cross-Collateralization. Pledgor hereby acknowledges and agrees that (ai) each other Loan Document and agreement between Pledgor and Secured Party is hereby amended, to the extent necessary, to provide that a Default or an Event of Default under this Agreement is a default or event of default, respectively, under each such Loan Document or agreement, and a default or event of default under any Loan Document or agreement between Pledgor and Secured Party is a Default or an Event of Default, respectively, under this Agreement, and (bii) the Pledged Collateral secures the final and indefeasible payment to Secured Party in cash and performance of the Pledgor Obligations (other than contingent indemnification obligations under Section 10.12 of the Loan Agreement) in full, whether now or hereafter outstanding under all other Loan Documents and agreements between Pledgor and Secured Party, and (ciii) that the Collateral and any other Property of any other Person pledged to Secured Party in connection with the transactions contemplated by this Agreement under any other Loan Document or agreement with Secured Party secures the final and indefeasible payment to Secured Party in cash and performance of the Pledgor Obligations in full.

Cross-Default; Cross-Collateralization. Pledgor Borrower hereby acknowledges and agrees that (ai) each other Loan Document and agreement between Pledgor Borrower and Secured Party is hereby amended, to the extent necessary, to provide that a Default or an Event of Default under this Agreement is a default or event of default, respectively, under each such Loan Document or agreement, and a default or event of default under any Loan Document or agreement between Pledgor Borrower and Secured Party is a Default or an Event of Default, respectively, under this Agreement, and (bii) the Pledged Collateral secures the final and indefeasible payment to Secured Party in cash and performance of the Pledgor Obligations (other than contingent indemnification obligations under Section 10.12 of the Loan Agreement) in full, whether now or hereafter outstanding under all other Loan Documents and agreements between Pledgor Borrower and Secured Party, and (ciii) that the Collateral and any other Property of any other Person pledged to Secured Party in connection with the transactions contemplated by this Agreement under any other Loan Document or agreement with Secured Party secures the final and indefeasible payment to Secured Party in cash and performance of the Pledgor Obligations in full.