Common use of Cross-Collateral Clause in Contracts

Cross-Collateral. Any Collateral pledged to Lender to secure any obligation of Borrower shall also secure any other obligation of Borrower to Lender except that any Real Property Collateral pledged to secure any obligation of Borrower shall only secure any other obligation of Borrower if Lender specifically so agrees in writing.

Appears in 4 contracts

Sources: Loan and Security Agreement (Visualant Inc), Loan and Security Agreement (Vertical Branding, Inc.), Loan and Security Agreement (Orange 21 Inc.)

Cross-Collateral. Any Collateral pledged to Lender to secure any obligation of Borrower shall also secure any other obligation of Borrower to Lender except Lender; provided, however, that any Real Property Collateral pledged to secure any obligation of Borrower shall only secure any other obligation of Borrower if Lender specifically so agrees in writing.

Appears in 1 contract

Sources: Loan and Security Agreement (Great American Group, Inc.)

Cross-Collateral. Any Collateral pledged to Lender to secure any obligation of Borrower shall also secure any other obligation of Borrower to Lender except that any Real Property Collateral pledged to secure any obligation of Borrower shall only secure any other obligation of Borrower if Lender specifically so agrees in writingLender.

Appears in 1 contract

Sources: Loan and Security Agreement (Andalay Solar, Inc.)

Cross-Collateral. Any Collateral pledged to Lender to secure any obligation of Borrower shall also secure any other obligation of Borrower to Lender except Lender: provided, however, that any Real Property Collateral pledged to secure any obligation of Borrower shall only secure any other obligation of Borrower if Lender specifically so agrees in writing.

Appears in 1 contract

Sources: Loan and Security Agreement (DecisionPoint Systems, Inc.)