Common use of Cross-Defaults and Cross-Collateralization Clause in Contracts

Cross-Defaults and Cross-Collateralization. A default under any Loan Document is a default under all Loan Documents. All Collateral secures all Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Electronic Cigarettes International Group, Ltd.)

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Cross-Defaults and Cross-Collateralization. A default under any Loan Document or Notes is a default under any all Loan Documentsother Notes and Loans and under all Obligations. All Collateral secures all Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Transcat Inc)

Cross-Defaults and Cross-Collateralization. A default under any Loan, Note or other Loan Document is a default under all Loans and all other Loan Documents. All of the Collateral secures all Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (American BioCare, Inc.)

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Cross-Defaults and Cross-Collateralization. A default under any Loan Document or Note is a default under any all Loan Documentsother Notes and Loans and under all Obligations. All Collateral secures all Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Transcat Inc)

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