Common use of Cross Collateral/Cross Default Clause in Contracts

Cross Collateral/Cross Default. The Borrower acknowledges and agrees that, in consideration of the Loan and such other financial accommodations as the Lender may make to the Borrower in the future, the Collateral granted by the Borrower hereunder shall serve to collateralize any and all other Indebtedness of the Borrower to the Lender, whether presently existing or hereafter arising; and the parties further agree that: (i) an "Event of Default" within the meaning of any loan agreement, note, security agreement or other document or instrument relating to any other Indebtedness of the Borrower to the Lender, whether presently existing or hereafter arising, shall constitute an "Event of Default" hereunder and under the Loan Documents; and (ii) that an "Event of Default" hereunder or under any of the Loan Documents, or any other documents or instrument executed and delivered by the Borrower to the Lender in connection therewith, shall constitute an "Event of Default" within the meaning of any such other loan agreement, note, security agreement or other document or instrument.