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.
CROSS-COLLATERALIZATION IMPROVES DIVERSITY, LOWERS RISK OF LOSS
4,850,000
cross-collateralization 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.
This
cross-collateralization notwithstanding, Wilson's name-sake son has said the property is held by a solvent partnership set up by his father.
