Common use of Cross Default; Cross Collateral Clause in Contracts

Cross Default; Cross Collateral. All other agreements between Borrower and Lender and/or any of Lender's affiliates are hereby amended so that (a) a default under this Agreement is a default under all other agreements and a default under any one of the other agreements is a default under this Agreement; and (b) the Collateral under this Agreement secures the Obligations now or hereafter outstanding under all other agreements with Lender and/or its affiliates and the collateral pledged under any other agreement with Lender and/or its affiliates secures the Obligations under this Agreement.

Appears in 1 contract

Sources: Loan Agreement (Thatlook Com Inc/Nv)

Cross Default; Cross Collateral. All other agreements between Borrower and Lender and/or any of Lender's Lenders affiliates are hereby amended so that (a) a default under this Agreement is a default under all other agreements and a default under any one of the other agreements is a default under this Agreement; and (b) the Collateral under this Agreement secures the Obligations now or hereafter outstanding under all other agreements with Lender and/or its affiliates and the collateral pledged under any other agreement with Lender and/or its affiliates secures the Obligations under this Agreement.

Appears in 1 contract

Sources: Loan, Security and Service Agreement (Easy Money Holding Corp)

Cross Default; Cross Collateral. All other agreements agree­ments between Borrower and Lender and/or any of Lender's affiliates are hereby amended so that (a) a default under this Agreement is a default under all other agreements and a default under any one of the other agreements is a default under this Agreement; and (b) the Collateral under this Agreement secures the Obligations now or hereafter outstanding under all other agreements with Lender and/or its affiliates and the collateral pledged under any other agreement with Lender and/or its affiliates secures the Obligations under this Agreement.

Appears in 1 contract

Sources: Loan Security and Service Agreement (Auto Underwriters of America, Inc.)