Cross-Collateralization/Cross-Default. This Loan and all other obligations owed to Lender by the Borrower (or any of their principals or affiliates) or Guarantor(s) (hereinafter defined) or any one of them, are cross-collateralized, and, also, secured by any mortgage, security agreement, pledge, assignment, or other agreement issued from time to time for the benefit of the Lender by the Borrower (or any of their principals or affiliates), or the Guarantor(s) or any one of them, and all such loans shall be cross-defaulted.
Appears in 3 contracts
Samples: Commercial Loan Agreement (Red Oak Capital Fund II, LLC), Commercial Loan Agreement (Red Oak Capital Fund II, LLC), Commercial Loan Agreement (Red Oak Capital Fund II, LLC)
Cross-Collateralization/Cross-Default. This Loan and all other obligations owed to Lender by the Borrower (or any of their principals or affiliates) or Guarantor(s) (hereinafter defined) or any one of them, are cross-collateralized, and, also, secured by any mortgage, security agreement, pledge, assignment, or other agreement issued from time to time for the benefit of the Lender by the Borrower (or any of their principals or affiliates), or the Guarantor(s) or any one of them, and all such loans shall be cross-defaulted.
Appears in 1 contract
Samples: Commercial Loan Agreement (Red Oak Capital Fund II, LLC)
