collateralize property

How Do You Calculate Cross Default Threshold?

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How Do You Calculate Cross Default Threshold? Cross Default Threshold means, for a Party, the amount specified in Schedule 2 (Elections) in the Termination Currency. Cross Default Threshold means, with respect to Wells Fargo, an amount (including its equivalent in another currency) equal to 3% of the Shareholders Equity of Wells Fargo & Co. What

Is Cross Collateralization Legal?

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Is Cross Collateralization Legal? Lenders cannot use your business’s property as collateral without your consent. Lenders obtain your consent to cross-collateralization through a dragnet clause, which may allow the lender to use the collateral for any loans or other obligations your business may owe the lender. How do you remove cross collateralization? How to get