Cross-Collateralize definition
Cross-Collateralize with respect to any Person, shall mean (a) the granting of a Lien by such Person on all or a portion of the assets of such Person to secure Indebtedness owing by such Person to a lender and the granting of a Lien by such Person on the same group of assets to secure Indebtedness owing by such Person to (i) the same lender under a different agreement, note or other instrument or (ii) one or more other lenders, or (b) the granting of a Lien by such Person on more than one asset of such Person to secure Indebtedness owing by such Person to one or more lenders under one agreement, note or other instrument or (c) the granting of a Lien by such Person on all or a portion of its assets to secure Indebtedness owing by another Person.
Cross-Collateralize. With respect to any Person, shall mean (a) the granting of a Lien by such Person on all or a portion of the assets of such Person to secure Indebtedness owing by such Person to a lender and the granting of a Lien by such Person on the same group of assets to secure Indebtedness owing by such Person to (i) the same lender under a different agreement, note or other instrument or (ii) one or more other lenders, or (b) the granting of a Lien by such Person on more than one project (including its related assets) of such Person to secure Indebtedness owing by such Person to one or more lenders under one agreement, note or other instrument or (c) the granting of a Lien by such Person on all or a portion of its assets to secure Indebtedness owing by another Person. DAFC. The Development Authority of F▇▇▇▇▇ County, Georgia. DAFC Transaction. The conveyance of the Metro Property and the consummation of the transactions evidenced and contemplated by the Metro Indenture and the Metro Ground Lease.
Cross-Collateralize. With respect to any Person, shall mean (a) the granting of a Lien by such Person on all or a portion of the assets of such Person to secure Indebtedness owing by such Person to a lender and the granting of a Lien by such Person on the same group of assets to secure Indebtedness owing by such Person to (i) the same lender under a different agreement, note or other instrument or (ii) one or more other lenders, or (b) the granting of a Lien by such Person on more than one project (including its related assets) of such Person to secure Indebtedness owing by such Person to one or more lenders under one agreement, note or other instrument or (c) the granting of a Lien by such Person on all or a portion of its assets to secure Indebtedness owing by another Person. Currency. Dollars or any Alternative Currency. Currency of Payment. See §4.4(a). DAFC. The Development Authority of ▇▇▇▇▇▇ County, Georgia. DAFC Transaction. The conveyance of the 1025 Jefferson Property and the consummation of the transactions evidenced and contemplated by the Subordinated Bond Indenture and the Subordinated Bond Lease.
Examples of Cross-Collateralize in a sentence
Neither the Borrower nor any Guarantor shall Cross-Collateralize, or agree to Cross-Collateralize, Indebtedness, except in accordance with §8.20.
For example, the world-wide largest group of patients and presymptomatic mutation carriers with α-synuclein mutations are now being used in a new FP7 EU project, MultIsyn that will develop therapeutic imaging biomarker and will perform a proof of principle study by performing an exploratory interventional study with the antibody therapeutic approach of the company Affiris targeting alpha synuclein.
Neither the Borrower nor any Guarantor shall Cross-Collateralize, or agree to Cross-Collateralize, Indebtedness.