Common use of CROSS LIEN Clause in Contracts

CROSS LIEN. Any of the Borrower's other property in which the Bank has a security interest to secure payment of any other debt, whether absolute, contingent, direct or indirect, including the Borrower's guaranties of the debts of others, shall also secure payment of and be part of the Collateral for Credit Facilities.

Appears in 1 contract

Samples: Credit Agreement (Made2manage Systems Inc)

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CROSS LIEN. Any of the Borrower's other property in which the Bank has a security interest to secure payment of any other debt, whether absolute, contingent, direct or indirect, including the Borrower's guaranties of the debts of others, shall also secure payment of and be part of the Collateral for Credit Facilitiesthe Loans.

Appears in 1 contract

Samples: Term Loan Agreement (Made2manage Systems Inc)

CROSS LIEN. Any of the Borrower's other property in which the Bank has a security interest to secure payment of any other debt, whether absolute, contingent, direct or indirect, including the Borrower's guaranties of the debts debt of others, shall also secure payment of and be part of the Collateral for the Credit Facilities.

Appears in 1 contract

Samples: Credit Authorization Agreement (National Techteam Inc /De/)

CROSS LIEN. Any of the Borrower's other property in which the Bank Lender has a security interest to secure payment of any other debt, whether absolute, contingent, direct or indirect, including the Borrower's guaranties of the debts of others, shall also secure secures payment of and be is part of the Collateral for the Credit FacilitiesFacility.

Appears in 1 contract

Samples: Line of Credit Agreement (Neopharm Inc)

CROSS LIEN. Any of the Borrower's other property in which the Bank has a security interest to secure payment of any other debt, whether absolute, contingent, direct or indirect, including the Borrower's guaranties of the debts of others, shall also secure security payment of and be part of the Collateral for the Credit Facilities.

Appears in 1 contract

Samples: Credit Authorization Agreement (Michigan Community Bancorp LTD)

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CROSS LIEN. Any of the Borrower's other property in which the Bank has a security interest to secure payment of any other debt, whether absolute, . contingent, direct or indirect, including the Borrower's guaranties of the debts of others, shall also secure payment of and be part of the Collateral for the Credit Facilities.

Appears in 1 contract

Samples: Credit Authorization Agreement (Perceptron Inc/Mi)

CROSS LIEN. Any of the Borrower's other property in which the Bank has a security interest to secure payment of any other debt, whether absolute, contingent, direct or indirect, including the Borrower's guaranties of the debts of others, shall also secure payment of the Obligations and be part of the Collateral for Credit FacilitiesCollateral.

Appears in 1 contract

Samples: Credit Authorization Agreement (Complete Business Solutions Inc)

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