Common use of No Cross-Collateralization Clause in Contracts

No Cross-Collateralization. For the avoidance of doubt, the parties hereto agree that (i) the Collateral securing the Secured Obligations of the Canadian Loan Parties shall not constitute security for the Obligations of the Domestic Loan Parties; and (ii) the Collateral securing the Secured Obligations of the UK Loan Parties shall not constitute security for the Obligations of the Domestic Loan Parties.

Appears in 2 contracts

Samples: Credit Agreement (Park Ohio Holdings Corp), Credit Agreement (Park Ohio Industries Inc/Oh)

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No Cross-Collateralization. For the avoidance of doubt, the parties hereto agree that (i) the Collateral securing the Secured Obligations of the Canadian Loan Parties securing the Foreign Obligations shall not constitute security for the Domestic Obligations of or the Domestic Loan Parties; Ex-Im Obligations and (ii) the Collateral of the European Loan Parties securing the Secured Foreign Obligations of the UK Loan Parties shall not constitute security for the Domestic Obligations of or the Domestic Loan PartiesEx-Im Obligations.

Appears in 1 contract

Samples: Joinder Agreement (Park Ohio Holdings Corp)

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No Cross-Collateralization. For the avoidance of doubt, the parties hereto agree that (i) the Collateral securing the Secured Obligations of the Canadian Loan Parties shall not constitute security for the Obligations of the Domestic Loan Parties; and (ii) the Collateral 106 securing the Secured Obligations of the UK Loan Parties shall not constitute security for the Obligations of the Domestic Loan Parties.

Appears in 1 contract

Samples: Credit Agreement (Park Ohio Holdings Corp)

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