Common use of CROSS COLLATERALIZATION, CROSS DEFAULT AND JOINT AND SEVERAL LIABILITY Clause in Contracts

CROSS COLLATERALIZATION, CROSS DEFAULT AND JOINT AND SEVERAL LIABILITY. 2.01 All Obligations, including specifically, without limitation, all Notes, are secured by the Collateral given by the Borrower or its Subsidiaries to the Bank.

Appears in 2 contracts

Sources: Master Credit Agreement (Sea Pines Associates Inc), Master Credit Agreement (Sea Pines Associates Inc)