Common use of Cross-Liability Clause in Contracts

Cross-Liability. a) The Borrower further agrees that the Security created shall also be security for (a) all other monies that may be due and payable by the Borrower to RCFL, on any account whatsoever, whether present or future, including any liability of the Borrower as a surety or co-obligator either singly or along with any other person; (b) loan granted/continued to the group companies/associate of the Borrower as declared from time to time. b) The Borrower agrees with, and undertakes that RCFL, shall have an exclusive security interest over the Security created and that the Borrower shall not create/ cause to create any other encumbrance, mortgage, charge or security interest in the Security so created or any of them in favour of any other person or body, except with the prior written consent of RCFL. The Security created in favour of the Lender shall continue and remain in force till such time all the Borrower's Dues under this Agreement and the dues in respect of all other loan/facility obtained/to be obtained by the Borrower from RCFL and/or its group companies are fully discharged and RCFL/group companies issue a certificate of discharge. The Security created in favour of the Lender and the liability of the Borrower shall not be affected, impaired or discharged by winding up (voluntary or otherwise) or by any merger or amalgamation, reconstruction, takeover of the management, dissolution or nationalization (as the case may be) of the Borrower/ relevant security provider.

Cross-Liability. a) The Borrower further agrees that the Security security created shall also be security for (a) all other monies that may be due and payable by the Borrower to RCFLRHFL, on any account whatsoever, whether present or future, including any liability of the Borrower as a surety or co-obligator either singly or along with alongwith any other person; person (b) loan granted/Loan granted / continued to the group companies/companies/ associate of the Borrower as declared from time to time. b) The Borrower agrees with, and undertakes that RCFLRHFL, shall have an exclusive security interest charge over the Security security created and that the Borrower shall not create/ cause to create any other encumbrance, mortgage, charge or security interest in the Security security so created or any of them in favour of any other person or body, except with the prior written consent of RCFLRHFL. The Security charge/security created in favour of by the Lender Borrower under this Agreement shall continue and remain in force till such time all the Borrower's Dues other dues under this Agreement and the dues in respect of all other loan/facility obtained/to obtained /to be obtained by the Borrower from RCFL and/or its RHFL, and group companies are fully discharged and RCFL/RHFL / group companies issue a certificate of discharge. The Security security created in favour of the Lender under this Agreement and the liability of the Borrower shall not be affected, impaired or discharged by winding up (voluntary or otherwise) or by any merger or amalgamation, reconstruction, takeover of the management, dissolution or nationalization (as the case may be) of the Borrower/ relevant Borrower. The Borrower covenants that the security providerprovided by the Borrower shall remain valid for the balance due RHFL, or any other financial benefits obtained by the Borrower from any of the group companies.

Cross-Liability. a) The Borrower further agrees that the Security security created shall also be security for (a) all other monies that may be due and payable by the Borrower to RCFLFincare, on any account whatsoever, whether present or future, including any liability of the Borrower as a surety or co-obligator either singly or along with any other person; person and /or (b) loan granted/Loan granted / continued to the group companies/companies/ associate of the Borrower as declared from time to time. b) The Borrower agrees with, and undertakes that RCFLFincare, shall have an exclusive security interest first ranking charge over the Security Property and any additional security created and that the Borrower shall not create/ cause to create any other encumbrance, mortgage, charge or security interest in the Security Property or any additional security so created or any of them in favour of any other person or body, except with the prior written consent of RCFLFincare. The Security said charge over the Property created in favour of by the Lender Borrower under this Agreement shall continue and remain in force till such time all the Borrower's ’s Dues under this Agreement and the dues in respect of all other loan/facility obtained/to obtained /to be obtained by the Borrower from RCFL and/or its Fincare, and group companies are fully discharged and RCFL/Fincare / group companies issue a certificate of dischargedischarge of the Loan. The Security security created in favour of the Lender under this Agreement and the liability of the Borrower shall not be affected, impaired or discharged by winding up (voluntary or otherwise) or by any merger or amalgamation, reconstruction, takeover of the management, dissolution or nationalization (as the case may be) of the Borrower/ relevant Borrower. The Borrower covenants that the security providerprovided by the Borrower shall remain valid for the balance amount of the Loan due to Fincare, or any other financial benefits obtained by the Borrower from any of the group companies.

Cross-Liability. a) The Borrower further agrees that the Security security created shall also be security for (a) all other monies that may be due and payable by the Borrower to RCFL, on any account whatsoever, whether present or future, including any liability of the Borrower as a surety or co-obligator either singly or along with alongwith any other person; person (b) loan granted/Loan granted / continued to the group companies/companies/ associate of the Borrower as declared from time to time. b) The Borrower agrees with, and undertakes that RCFL, shall have an exclusive security interest charge over the Security security created and that the Borrower shall not create/ cause to create any other encumbrance, mortgage, charge or security interest in the Security security so created or any of them in favour of any other person or body, except with the prior written consent of RCFL. The Security charge/security created in favour of by the Lender Borrower under this Agreement shall continue and remain in force till such time all the Borrower's Dues other dues under this Agreement and the dues in respect of all other loan/facility obtained/to obtained /to be obtained by the Borrower from RCFL and/or its RCFL, and group companies are fully discharged and RCFL/RCFL / group companies issue a certificate of discharge. The Security security created in favour of the Lender under this Agreement and the liability of the Borrower shall not be affected, impaired or discharged by winding up (voluntary or otherwise) or by any merger or amalgamation, reconstruction, takeover of the management, dissolution or nationalization (as the case may be) of the Borrower/ relevant Borrower. The Borrower covenants that the security providerprovided by the Borrower shall remain valid for the balance due RCFL, or any other financial benefits obtained by the Borrower from any of the group companies.

Cross-Liability. a) The Borrower further agrees that the Security created shall also be security for (a) all other monies that may be due and payable by the Borrower to RCFL, the Lender on any account whatsoever, whatsoever whether present or future, future including any liability of the Borrower as a surety or co-obligator either singly by himself or along with other any other person; (b) loan granted/continued to the group companies/associate of the Borrower as declared from time to timePerson. b) The Borrower agrees with, with and undertakes that RCFL, the Lender shall have an exclusive security interest charge over the Security created and that the Borrower shall not create/ cause to create any other encumbrance, mortgage, charge or security interest Security Interest in the Security security so created or any of them in favour of any other person Person or body, except with the prior written consent of RCFLthe Lender. The charge / Security created in favour of by the Lender Borrower under this Agreement shall continue and remain in force till such time all the Borrower's Dues other dues under this Agreement and the dues in respect of all other loan/facility obtained/obtained / to be obtained by the Borrower from RCFL and/or its group companies the Lender are fully discharged paid to the satisfaction of the Lender and RCFL/group companies issue the Lender issues a certificate of discharge. . c) The Security created in favour of the Lender under this Agreement or any other Transaction Documents and the liability of the Borrower shall not be affected, impaired or discharged by the winding up (voluntary or otherwise) or initiation of any insolvency proceedings under IBC or by any merger or amalgamation, reconstruction, reconstruction takeover of the management, dissolution or nationalization (as the case may be) of the Borrower/ relevant security providerBorrower. The Borrower covenants that the Security provided by the Borrower shall remain valid till the time for the Borrower's Dues have not been repaid in full to the Lender by the Borrower.

Cross-Liability. a) The Borrower further agrees that the Security security created shall also be security for (a) all other monies that may be due and payable by the Borrower to RCFLRCL, on any account whatsoever, whether present or future, including any liability of the Borrower as a surety or co-obligator either singly or along with alongwith any other person; person (b) loan granted/Loan granted / continued to the group companies/companies/ associate of the Borrower as declared from time to time. b) The Borrower agrees with, and undertakes that RCFLRCL, shall have an exclusive security interest charge over the Security security created and that the Borrower shall not create/ cause to create any other encumbrance, mortgage, charge or security interest in the Security security so created or any of them in favour of any other person or body, except with the prior written consent of RCFLRCL. The Security charge/security created in favour of by the Lender Borrower under this Agreement shall continue and remain in force till such time all the Borrower's Dues other dues under this Agreement and the dues in respect of all other loan/facility obtained/to obtained /to be obtained by the Borrower from RCFL and/or its RCL, and group companies are fully discharged and RCFL/RCL / group companies issue a certificate of discharge. The Security security created in favour of the Lender under this Agreement and the liability of the Borrower shall not be affected, impaired or discharged by winding up (voluntary or otherwise) or by any merger or amalgamation, reconstruction, takeover of the management, dissolution or nationalization (as the case may be) of the Borrower/ relevant Borrower. The Borrower covenants that the security providerprovided by the Borrower shall remain valid for the balance due RCL, or any other financial benefits obtained by the Borrower from any of the group companies.

Cross-Liability. a) The Borrower further agrees that the Security and/or the Additional Security created shall also be security Security for (a) all other monies that may be due and payable by the Borrower to RCFLthe Bank, on any account whatsoever, whether present or future, including any liability of the Borrower as a surety or co-obligator either singly or along with alongwith any other person; person (b) loan granted/Facility granted / continued to the group companies/companies / associate of the Borrower as declared from time to time. b) The If the Borrower agrees withis providing the Security, and undertakes that RCFL, shall have an exclusive security interest over the Security created and that the Borrower shall not create/ cause to create any other encumbrance, mortgage, charge or security interest in the Security so created or any of them in favour of any other person or body, except with the prior written consent of RCFLthe Bank. The Security charge / security created in favour of by the Lender Borrower under this Agreement shall continue and remain in force till such time all the Borrower's Dues other dues under this Agreement and the dues in respect of all other loan/loan / facility obtained/obtained / to be obtained by the Borrower from RCFL and/or its group companies are fully discharged the Bank, and RCFL/group companies the Bank issue a certificate of discharge. The Security created in favour of under the Lender Transaction Documents and the liability of the Borrower shall not be affected, impaired or discharged by winding up (voluntary or otherwise) or by any merger or amalgamation, reconstruction, takeover of the management, dissolution or nationalization (as the case may be) of the Borrower/ relevant Borrower. The Borrower covenants that the security providerprovided by the Borrower shall remain valid for the balance due to the Bank, or any other financial benefits obtained by the Borrower from the Bank.

Cross-Liability. a) A. The Borrower further agrees that the Security security created shall also be security Security for (a) all other monies that may be due and payable by the Borrower to RCFL, the Lender on any account whatsoever, whatsoever whether present or future, future including any liability of the Borrower as a surety or co-obligator either singly by himself or along with alongwith other any other person; (b) loan granted/continued to the group companies/associate of the Borrower as declared from time to timePerson. b) B. The Borrower agrees with, with and undertakes that RCFL, the Lender shall have an exclusive security interest charge over the Security created and that the Borrower shall not create/ cause to create any other encumbrance, mortgage, charge or security interest Security Interest in the Security security so created or any of them in favour of any other person Person or body, except with the prior written consent of RCFLthe Lender. The charge/Security created in favour of by the Lender Borrower under this Agreement shall continue and remain in force till such time all the Borrower's Dues other dues under this Agreement and the dues in respect of all other loan/facility obtained/to be obtained by the Borrower from RCFL and/or its group companies the Lender are fully discharged paid to the satisfaction of the Lender and RCFL/group companies issue the Lender issues a certificate of discharge. . C. The Security created in favour of the Lender under this Agreement or any other Transaction Documents and the liability of the Borrower shall not be affected, impaired or discharged by the winding up (voluntary or otherwise) or initiation of any insolvency proceedings under IBC or by any merger or amalgamation, reconstruction, reconstruction takeover of the management, dissolution or nationalization (as the case may be) of the Borrower/ relevant security providerBorrower. The Borrower covenants that the Security provided by the Borrower shall remain valid till the time for the Borrower's Dues have not been repaid in full to the Lender by the Borrower.