Reply: 2.1.2.1.1
From: Rolf Latham
Hi Dunc
It is a clause that effectively gives the lender access to all money and or property that they hold for you.
So effectively you could be cross collateralised without actually being so.
Most lenders will NOT let you strike this clause but it is...
Reply: 2.1.2
From: Rolf Latham
Hiya Steve
ONLY if you let them ! A company/trust entity asset can be as free as a personally held asset if you insist.
The main killer if you do go down is the famous "all monies clause". Some people around here can tell you how much fun that is.
I like some...
