The MTA provides for cross-collateralization
between the CWSRF and DWSRF accounts, meaning that deficiencies in one SRF payment account may be covered by available moneys from the other SRF.
SKW Funding closed a $12 million first lien mortgage loan for the refinance and cross-collateralization
of two Manhattan properties.
SIFMA's request to expand PTE 80-26 was based on the widespread use of these types of indemnity and cross-collateralization
clauses in many brokerage agreements.
These non-recourse loans are linked through a cross-collateralization
and cross-default agreement.
And while the transaction involved liens on certain company assets and life insurance policies on the principals at Bentec, "there was no cross-collateralization
with personal real estate," among the covenants that a bank might impose, Jumet says.
Separately, Pandora has also settled a lawsuit with the producer of the film "Kolya" (1996) over disputes regarding marketing expenditure, sales, cross-collateralization
and recoupment matters.
IMPROVES DIVERSITY, LOWERS RISK OF LOSS
of two commercial properties, located in Melrose, Bronx and Prospect Gardens, Brooklyn.
Areas of dispute include marketing expenditure and strategies, Pandora's inking of a first and last-look deal on remake, sequel and prequel rights with Miramax and cross-collateralization
and recoupment matters, especially in markets where Pandora sold the film to BVI.
notwithstanding, Wilson's name-sake son has said the property is held by a solvent partnership set up by his father.