Agreement to Pledge. The Borrower shall, and shall cause each Subsidiary to, grant to the Administrative Agent an Acceptable Security Interest in all Proven Reserves and all personal Property of the Borrower or any Subsidiary now owned or hereafter acquired promptly after receipt of a written request from the Administrative Agent, excluding, however, while the Project Company Note is outstanding, the Property encumbered under the Project Company Mortgage.
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Samples: Credit Agreement (Mariner Energy Inc), Credit Agreement (Mariner Energy Resources, Inc.)
Agreement to Pledge. The Borrower shall, and shall cause each Subsidiary to, grant to the Administrative Agent an Acceptable Security Interest in all Proven Reserves and all personal any Property of the Borrower or any Subsidiary of its Subsidiaries now owned or hereafter acquired promptly after receipt of a written request from the Administrative Agent, excluding, however, while the Project Company Note is outstanding, the Property encumbered under the Project Company Mortgage.
Appears in 1 contract
Samples: Subordinated Credit Agreement (Crusader Energy Group Inc.)
Agreement to Pledge. The Borrower shall, and shall cause each Subsidiary to, grant to the Administrative Agent an Acceptable Security Interest in all Proven Reserves and all personal any Property of the Borrower or any Subsidiary of its Subsidiaries now owned or hereafter acquired acquired, promptly after receipt of a written request from the Administrative Agent, excluding, however, while the Project Company Note is outstanding, the Property encumbered under the Project Company Mortgage.
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