No Cross-Collateralization. Third Party Lender agrees that the Common Collateral will only secure its Third Party Loan and the Common Collateral is not currently, and will not be used in the future, as security for any other financing provided by Third Party Lender to Borrower that purports to be in a superior position to that of the CDC Lien, unless authorized in writing by CDC and SBA.
Appears in 5 contracts
Samples: Third Party Lender Agreement, Third Party Lender Agreement, Third Party Lender Agreement
No Cross-Collateralization. Third Party Lender Xxxxxx agrees that the Common Collateral will only secure its Third Party Loan and the Common Collateral is not currently, and will not be used in the future, as security for any other financing provided by Third Party Lender to Borrower that purports to be in a superior position to that of the CDC Lien, unless authorized in writing by CDC and SBA.
Appears in 3 contracts
Samples: Third Party Lender Agreement, Third Party Lender Agreement, Third Party Lender Agreement
No Cross-Collateralization. Third Party Lender agrees that the Common Collateral will only secure its Third Party Loan and the Common Collateral is not currently, and will not be used in the future, as security for any other financing provided by Third Party Lender to Borrower and that purports Third Party Lender will not use the Common Collateral to be in a superior position secure any future loan to that of the CDC Lien, Borrower unless authorized in writing by CDC and SBA.
Appears in 1 contract
Samples: Third Party Lender Agreement
