Last year, BMC closed over $ 100 million in finance deals, including the cross-collateralization
of a highly leveraged loan at the newly built Hudson Yards project.
STRENGTHENS PROGRAM: MFA's separate DWSRF and CWSRF programs are cross-collateralized with one another, which further enhances bondholder security by allowing for shortfalls in one program to be covered by surpluses in the other.
In addition, the representative ignored written supervisory procedures regarding funds transfers, prohibiting text message communications with clients without prior supervisory approval and cross-collateralization
of margin loans.
We have yet to discuss forward swaps, cross-collateralization
, cross-defaults, embedded swaps, mark-to-market valuations, or the twenty-eight page ISDA Master Agreement.
He was referring to cross-collateralization
, where the collateral for one loan is also used as collateral for another loan.
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.
Directing attention to the cross-collateralization
of the various loans Finova made to Tower, the court said the original value of the Finova's collateral was not just the disputed aircraft engine but was all of the collateral that secured Finova's loans.
clause would be meaningless.
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.
. Banks like to be very secure when lending by taking blanket liens on all assets.
If a lender is convinced about the merits of the borrower and the property, they have a number of lending methods, such as cross-collateralization
, to proceed with the loan even at the lower appraised value.