Cross Collateral definition

Cross Collateral means (i) all collateral security supporting payment of the Cross-Default Obligations, and (ii) all right, title and interest, if any, of any Obligor in, to or with respect to predelivery payments or deposits made under any aircraft purchase agreement between any Obligor or any of its Affiliates, on the one hand, and Airbus or any of its Affiliates, on the other hand.
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Cross Collateral means, with respect to any Loan, all or any portion of the Primary Collateral pledged to secure (i) on a parity basis, any other Obligor Group Loan or Loans previously purchased by the Buyer, and/or (ii) on a subordinated basis, any other notes or indebtedness of the Obligor or any member of its Obligor Group, which Primary Collateral, in either case, also secures such Loan.
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Cross Collateral. Any collateral securing other loans with the credit union, except loans secured by real property used as your principal dwelling or property used for personal, family or household purposes, will also secure advances made under this agreement.
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Examples of Cross Collateral in a sentence

  • Cross Collateral: Any collateral securing other loans with the Credit Union, except loans secured by real property used as your principal dwelling or property used for personal, family or household purposes, will also secure advances made under this agreement.

  • Each Borrower has guaranteed the Obligations of every other Borrower pursuant to the Supplemental Guaranty, the performance of which is secured by the Lien of such Borrower’s Cross Collateral Mortgage and Cross Collateral Assignment of Leases.

  • In the event that Merchant fails to make a payment or perform any obligation when due under the Agreement, Purchaser may enforce its rights under this Security Agreement without first seeking to obtain payment from Merchant, any other guarantor, or any Collateral, Additional Collateral or Cross- Collateral Purchaser may hold pursuant to this Security Agreement or any other guaranty.

  • Each Merchant hereby authorizes ▇▇▇▇ to file any financing statements deemed necessary by ▇▇▇▇ to perfect or maintain ALVA’s security interest, which financing statements may contain notification that each Merchant has granted a negative pledge to ▇▇▇▇ with respect to the Collateral and the Cross- Collateral, and that any subsequent lienor may be tortiously interfering with ALVA’s rights.

  • As used herein, the term “Obligations” shall mean the Obligations (as such term is defined in each Instrument and each Cross Collateral Mortgage) of any Borrower under the Instrument and the Cross Collateral Mortgage executed by such Borrower.

  • If both the lessor’s and lessee’s interest under any Lease ever becomes vested in any one person, neither any of the Instruments or the Cross Collateral Mortgages nor the lien and security interest created by the Documents shall be destroyed or terminated by the application of the doctrine of merger, and Lender shall continue to have and enjoy all its rights and privileges as to each separate estate.

  • The cross-collateralization shall arise by virtue of the Individual Loan Documents and the Cross Collateral Documents.

  • If an Event of Default occurs, then Lender or any person designated by Lender may (but shall not be obligated to) take any action (separately, concurrently, cumulatively, and at any time and in any order) permitted under any Laws, without notice, demand, presentment, or protest (all of which are hereby waived), to protect and enforce Lender’s rights under the Documents or Laws including the actions set forth in Section 3.02 of each of the Instruments and the Cross Collateral Mortgages.

  • The term “Documents” shall mean all of the Individual Loan Documents and all of the Cross Collateral Documents.

  • Upon foreclosure (or transfer of title by power of sale) of any Instrument or any Cross Collateral Mortgage, none of the Leases shall be destroyed or terminated as a result of such foreclosure (or transfer of title by power of sale), by application of the doctrine of merger or as a matter of law, unless Lender takes all actions required by law to terminate the Leases as a result of foreclosure (or transfer of title by power of sale).


More Definitions of Cross Collateral

Cross Collateral and the other provisions below. The security interest extends to the proceeds of the Collateral and the proceeds of any insurance policy. Buyer also acknowledges that Seller has offered to sell the Vehicle for the cash price indicated, but that the Buyer has chosen to purchase on the terms and conditions of this Contract.
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Cross Collateral and the other provisions below. The security interest extends to the proceeds of the Collateral and the proceeds of any insurance policy. Buyer also acknowledges that Seller has offered to sell the Vehicle for the cash price indicated, but that the Buyer has chosen to purchase on the terms and conditions of this Contract. DESCRIPTION OF VEHICLE - COLLATERAL (FOR SECURITY PURPOSES ONLY) YEAR MAKE MODEL VEHICLE IDENTIFICATION NUMBER NEW/USED PRICE OF VEHICLE ---- ---- ----- ----------------------------- -------- ---------------- DETAIL SHOWN ON SECURITY AGREEMENT SCHEDULE E: EQUIPMENT LISTING TOTAL: $833,250.00 DESCRIPTION OF TRADE - IN EQUIPMENT YEAR MAKE MODEL VEHICLE IDENTIFICATION NUMBER ALLOWANCE PAYOFF PAYOFF DUE TO ---- ---- ----- ----------------------------- --------- -------------------- DETAIL SHOWN ON SECURITY AGREEMENT SCHEDULE E: EQUIPMENT LISTING TOTAL: $0.00 $0.00 ITEMIZATION OF AMOUNT FINANCED TOTAL CASH PRICE: Cash Price $ 833,250.00 Sales Tax $ 0.00 Title Fee $ 0.00 1. TOTAL CASH PRICE $ 833,250.00 DOWN PAYMENT: Net Trade-in $ 0.00 Cash $ 0.00 2. TOTAL DOWN PAYMENT $ 0.00 3. UNPAID CASH PRICE (1 - 2) $ 833,250.00 4. TOTAL AMOUNT OF INSURANCE PREMIUMS (4A+4B) $ 0.00 FEES: (Itemize) 5A. Official Fee(s) $ 0.00 5B. Document Preparation Fee $ 0.00
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Related to Cross Collateral

  • U.S. Collateral means any and all property owned, leased or operated by a Person covered by the U.S. Collateral Documents and any and all other property of any U.S. Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the Secured Obligations.

  • UCC Collateral is defined in Section 3.03.

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Company or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • Excess Collateral has the meaning set forth in Section 5.7.

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.