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Obligations.", "hash": "429c44c14a28e485e5de01b36046de6b", "id": 4}, {"snippet_links": [{"key": "mortgage-loan-is", "type": "definition", "offset": [3, 19]}, {"key": "other-mortgage-loan", "type": "definition", "offset": [69, 88]}, {"key": "any-loan", "type": "clause", "offset": [96, 104]}], "size": 3, "samples": [{"hash": "3cGTj8OljmK", "uri": "/contracts/3cGTj8OljmK#no-cross-collateralization", "label": "Master Repurchase Agreement (Angel Oak Mortgage, Inc.)", "score": 32.6084873374, "published": true}, {"hash": "2yNg3Fdsqzb", "uri": "/contracts/2yNg3Fdsqzb#no-cross-collateralization", "label": "Master Repurchase Agreement (Angel Oak Mortgage, Inc.)", "score": 32.4332648871, "published": true}], "snippet": "No Mortgage Loan is cross-collateralized or cross-defaulted with any other Mortgage Loan and/or any loan.", "hash": "6a57b8c23ed2cbca36c93ba4bf7f12fe", "id": 5}, {"snippet_links": [{"key": "loan-collateral", "type": "clause", "offset": [4, 19]}, {"key": "a-bank", "type": "clause", 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[719, 741]}, {"key": "to-acquire", "type": "definition", "offset": [742, 752]}], "size": 2, "samples": [{"hash": "eVGVcV6lpb2", "uri": "/contracts/eVGVcV6lpb2#no-cross-collateralization", "label": "Loan and Security Agreement (Bluegreen Vacations Holding Corp)", "score": 31.7488021903, "published": true}, {"hash": "eeWWjE9QOYU", "uri": "/contracts/eeWWjE9QOYU#no-cross-collateralization", "label": "Loan and Security Agreement (Bluegreen Vacations Corp)", "score": 31.7460643395, "published": true}], "snippet": "For avoidance of doubt, and notwithstanding anything to the contrary set forth in this Agreement or any other Loan Document, and other than Lender\u2019s lien on the Collateral, the Loan, and the Obligations hereunder and under any of the other Loan Documents are not secured or cross-collateralized by any other properties, interests or assets whatsoever of the Borrower or any Affiliate of Borrower. In addition, and for avoidance of doubt, (a) the prior Inventory Loan was previously paid in full and any prior cross-collateralization between the Loan and Inventory Loan, as reflected in the Second A&R Loan Agreement, was eliminated contemporaneously therewith and (b) the acquisition loan advanced by Lender to certain Affiliates of Borrower to acquire the Eilan Hotel & Spa is not cross-collateralized with the Loan.", "hash": "86180ba02627e9b31fe7dc271e669dc2", "id": 9}, {"snippet_links": [{"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [0, 26]}, {"key": "the-parties-hereto-agree-that", "type": "clause", "offset": [28, 57]}, {"key": "the-collateral", "type": "definition", "offset": [62, 76]}, {"key": "obligations-of-the-canadian-loan-parties", "type": "clause", "offset": [98, 138]}, {"key": "security-for-the-obligations", "type": "clause", "offset": [160, 188]}, {"key": "domestic-loan-parties", "type": "definition", "offset": [196, 217]}, {"key": "uk-loan-parties", "type": "definition", "offset": [283, 298]}], "size": 4, "samples": [{"hash": "c42QITldscm", "uri": "/contracts/c42QITldscm#no-cross-collateralization", "label": "Credit Agreement (Park Ohio Industries Inc/Oh)", "score": 21.0, "published": true}, {"hash": "6UyVEKq5xc2", "uri": "/contracts/6UyVEKq5xc2#no-cross-collateralization", "label": "Credit Agreement (Park Ohio Holdings Corp)", "score": 21.0, "published": true}], "snippet": "For the avoidance of doubt, the parties hereto agree that (i) the Collateral securing the Secured Obligations of the Canadian Loan Parties shall not constitute security for the Obligations of the Domestic Loan Parties; and (ii) the Collateral securing the Secured Obligations of the UK Loan Parties shall not constitute security for the Obligations of the Domestic Loan Parties.", "hash": "934f8b27f2f842d6934d637a486f4f26", "id": 2}, {"snippet_links": [{"key": "royalty-payments", "type": "clause", "offset": [0, 16]}, {"key": "contract-year", "type": "definition", "offset": [109, 122]}, {"key": "the-royalty", "type": "clause", "offset": [132, 143]}, {"key": "minimum-guaranteed-payment", "type": "clause", "offset": [234, 260]}, {"key": "payments-for", "type": "clause", "offset": [308, 320]}, {"key": "other-contract", "type": "definition", "offset": [325, 339]}], "size": 1, "samples": [{"hash": "55toarkCLyD", "uri": "/contracts/55toarkCLyD#no-cross-collateralization", "label": "International Basketball League Adoption Agreement (E&s Holdings Corp)", "score": 18.0, "published": true}], "snippet": "Royalty payments as provided under Paragraph 6(b) shall only be applied against the Minimum Guaranty for the Contract Year in which the royalty payment accrued, i.e., any shortfall in a given Contract Year or payment in excess of the minimum guaranteed payment may not be off-set or credited against royalty payments for any other Contract Year.", "hash": "d7fc6db54d1e9bb62857857208fa936f", "id": 10}, {"snippet_links": [{"key": "accounting-unit", "type": "clause", "offset": [68, 83]}, {"key": "with-respect-to", "type": "clause", "offset": [135, 150]}, {"key": "motion-pictures", "type": "definition", "offset": [186, 201]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [217, 243]}, {"key": "by-fox", "type": "clause", "offset": [373, 379]}], "size": 2, "samples": [{"hash": "bmAgjayJFcN", "uri": "/contracts/bmAgjayJFcN#no-cross-collateralization", "label": "Distribution Agreement", "score": 30.340862423, "published": true}, {"hash": "awhF0KRKPfs", "uri": "/contracts/awhF0KRKPfs#no-cross-collateralization", "label": "Distribution Agreement (DreamWorks Animation SKG, Inc.)", "score": 23.8364134155, "published": true}], "snippet": "Each Licensed Picture shall be separately accounted for as a single accounting unit, and Fox shall not cross-collateralize any amounts with respect to the Licensed Pictures or any other motion pictures in any manner. For the avoidance of doubt, all accountings with respect to each Licensed Picture shall be on a \u201csingle pot\u201d basis across all media licensed to or serviced by Fox hereunder with respect to such Licensed Picture.", "hash": "e31d7296e7306c7f9c6ea679c084be5f", "id": 6}], "next_curs": "CmMSXWoVc35sYXdpbnNpZGVyY29udHJhY3Rzcj8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiNuby1jcm9zcy1jb2xsYXRlcmFsaXphdGlvbiMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"size": 42, "children": [], "title": "No Cross-Collateralization", "parents": [["compliance-with-504-loan-program-requirements", "Compliance with 504 Loan Program Requirements"], ["loan-commitment-use-of-proceeds", "Loan Commitment Use of Proceeds"], ["use-of-advance", "Use of Advance"], ["joint-and-several-liability", "Joint and Several Liability"], ["miscellaneous", "Miscellaneous"]], "id": "no-cross-collateralization", "related": [["cross-collateralization", "Cross-Collateralization", "Cross-Collateralization"], ["cash-collateralization", "Cash Collateralization", "Cash Collateralization"], ["obligation-to-cash-collateralize", "Obligation to Cash Collateralize", "Obligation to Cash Collateralize"], ["defective-collateralization", "Defective Collateralization", "Defective Collateralization"], ["investment-of-cash-collateral", "Investment of Cash Collateral", "Investment of Cash Collateral"]], "related_snippets": [], "updated": "2025-07-07T12:36:18+00:00", "also_ask": ["What negotiation leverage does a No Cross-Collateralization clause provide to each party?", "Which specific assets or obligations must be clearly identified to avoid inadvertent cross-collateralization?", "What are the most common drafting pitfalls that could undermine the clause\u2019s effectiveness?", "How do courts interpret ambiguous No Cross-Collateralization language in enforcement disputes?", "How does this clause compare to standard cross-default or cross-guarantee provisions in similar agreements?"], "drafting_tip": "State explicitly that collateral for one obligation cannot secure others to prevent unintended security interests; define 'collateral' and 'obligation' precisely to avoid ambiguity; specify exceptions, if any, to ensure enforceability.", "explanation": "The No Cross-Collateralization clause prohibits the use of collateral provided for one obligation or agreement to secure another, separate obligation or agreement. In practice, this means that if a borrower has multiple loans or contracts with the same lender, the assets pledged as security for one loan cannot be used to cover defaults or obligations under a different loan. This clause ensures that each agreement remains financially independent, protecting the borrower from having all their assets at risk due to issues with a single obligation and providing clarity on the scope of collateral rights."}, "json": true, "cursor": ""}}