Cross Default and Cross Collateralization. (a) Cross-Default. As stated under Section 10.1 hereof, an Event of Default under any of the Affiliated Financing Documents shall be an Event of Default under this Agreement. In addition, a Default or Event of Default under any of the Financing Documents shall be a Default under the Affiliated Financing Documents.
Cross Default and Cross Collateralization. Any Event of Default under the terms of the Loan shall constitute and hereby is declared to be an immediate and absolute default under the terms of all loans between Lender and Borrower. Should an event of default occur under the terms of any of said loans, which event is subject to notice and cure periods, if any, failure to cure such event of default within such curative period shall constitute an immediate default under this Loan and all such other loans owed by Borrower to Lender, Each of the foregoing loans between Lender and Borrower shall also be cross-collateralized, whether such loans are now existing or hereafter entered into between Lender and Borrower at any time.
Cross Default and Cross Collateralization. It is the express intention and agreement of Borrowers and Agent that any and all existing and future obligations, liabilities and indebtedness now or hereafter owing by Borrowers to Lenders (including the Revolver Notes, and Letter of Credit Exposure and any Hedge Agreement) be and continuously remain cross-defaulted and cross-collateralized to the fullest extent permitted by applicable law with any and all other existing or future obligations, liabilities and indebtedness of Borrowers to Lenders or of Borrowers to the Swap Counterparty.
Cross Default and Cross Collateralization. Borrower and Guarantor acknowledge that the Deeds of Trust are collateral for the entire Loan, and the occurrence of a default under any of the Deeds of Trust or any of the Loan Documents will comprise a default under all of the Deeds of Trust and Loan Documents.
Cross Default and Cross Collateralization. 1. For Mortgage Loans that are cross-defaulted and cross-collateralized and a single Note evidences the Mortgage Loan secured by Security Instruments on two (2) or more Mortgaged Properties:
Cross Default and Cross Collateralization. A default in the payment or performance of Borrower's obligations under this Second Amendment will constitute an Event of Default under the Loan Agreement and in such event Lender will be entitled to exercise any and all remedies available thereunder. Lender and Borrower further agree that the Security Documents securing the Loan Agreement are hereby modified so that the Security Documents will continue to secure the Loan Agreement as amended by this Second Amendment.
Cross Default and Cross Collateralization. This Note is cross-defaulted and cross-collateralized with the other Loans as defined in the Loan Agreement.
Cross Default and Cross Collateralization. Borrower and Guarantor acknowledge that the Security Instruments, including the New Security Instrument, are Collateral for the entire Loan, and the occurrence of a default under any of the Security Instruments, including the New Security Instrument, or any of the Loan Documents will comprise a default under all of the Security Instruments, including the New Security Instrument, and other Loan Documents.
Cross Default and Cross Collateralization. Any Event of Default under the terms of the Loan shall constitute and hereby is declared to be an immediate and absolute default under the terms of all loans between Bank, Guarantor and Borrower. Should an event of default occur under the terms of any of said loans, which event is subject to notice and cure periods, if any, failure to cure such event of default within such curative period shall constitute an immediate default under this Loan and all such other loans owed by Borrower and Guarantor to Bank. Each of the foregoing loans between Bank, Borrower and/or Guarantor shall also be cross-collateralized, whether such loans are now existing or hereafter entered into between Bank, Borrower and/or Guarantor at any time.
Cross Default and Cross Collateralization. Each of the spare engines sold to AIRLINE along with the associated lien placed upon each of them and all other obligations required by AIRLINE in this agreement shall be cross collateralized and cross defaulted to each other and to all current and future obligations owed by AIRLINE to any of CFM and/or their affiliates.
