Common use of Collateral Notes and Collateral Note Security Clause in Contracts

Collateral Notes and Collateral Note Security. Without the prior written consent of Secured Party not (i) materially modify or substitute, or permit material modification or substitution of, any Collateral Note or any document evidencing the Collateral Note Security, if the effect thereof would be to materially adversely affect the value of the Collateral Notes and Collateral Note Security taken as a whole, or (ii) release any material portion of any Collateral Note Security unless paid in full or otherwise specifically required by the terms thereof, except in the exercise of the Debtor’s reasonable business judgment.

Appears in 22 contracts

Samples: Security Agreement (PostRock Energy Corp), Security Agreement (PostRock Energy Corp), Security Agreement (Quest Resource Corp)

AutoNDA by SimpleDocs

Collateral Notes and Collateral Note Security. Without the prior written consent of Secured Party not (i) materially modify or substitute, or permit material modification or substitution of, any Collateral Note or any document evidencing the Collateral Note Security, if the effect thereof would be to materially adversely affect the value of the Collateral Notes and Collateral Note Security taken as a whole, or (ii) release any material portion of any Collateral Note Security unless paid in full or otherwise specifically required by the terms thereof, except in the exercise of the Debtor’s reasonable business judgment.

Appears in 6 contracts

Samples: Security Agreement (Quest Energy Partners, L.P.), Security Agreement (Quest Resource Corp), Security Agreement (Quest Resource Corp)

Collateral Notes and Collateral Note Security. Without the prior written consent of Secured Party not (i) materially modify or substitute, or permit material the modification or substitution of, any Collateral Note or any document evidencing the Collateral Note Security, if the effect thereof would be to materially adversely affect the value of the Collateral Notes and Collateral Note Security taken as a whole, or (ii) release any material portion of any Collateral Note Security unless paid in full or otherwise specifically required by the terms thereof, except in the exercise of the Debtor’s reasonable business judgment.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Atlas Resources Public #16-2007 (B) L.P.), Security Agreement (Atlas Energy Resources, LLC), Security Agreement (Atlas America Series 27-2006 LP)

Collateral Notes and Collateral Note Security. Without the prior written consent of Secured Party not (i) materially modify or substitute, or permit material the modification or substitution of, any Collateral Note or any document evidencing the Collateral Note Security, if the effect thereof would be to materially adversely affect the value of the Collateral Notes and Collateral Note Security taken as a whole, or (ii) release any material portion of any Collateral Note Security unless paid in full or otherwise specifically required by the terms thereof, except in the exercise of the Debtor’s reasonable business judgment.

Appears in 3 contracts

Samples: Security Agreement (Markwest Energy Partners L P), Pledge and Security Agreement (Allis Chalmers Energy Inc.), Security Agreement (Markwest Hydrocarbon Inc)

AutoNDA by SimpleDocs

Collateral Notes and Collateral Note Security. Without the prior written consent of Secured Party not (i) materially modify or substitute, or permit material modification or substitution of, any Collateral Note or any document evidencing the Collateral Note Security, if the effect thereof would be to materially adversely affect the value of the Collateral Notes and Collateral Note Security taken as a whole, or (ii) release any material portion of any Collateral Note Security unless paid in full or otherwise specifically required by the terms thereof, except in the exercise of the such Debtor’s reasonable business judgment.

Appears in 2 contracts

Samples: Security Agreement (PostRock Energy Corp), Security Agreement (PostRock Energy Corp)

Collateral Notes and Collateral Note Security. Without the prior written consent of Secured Party Party, after the occurrence of and during the continuation of an Event of Default, not (i) materially modify or substitute, or permit material the modification or substitution of, any Collateral Note or any document evidencing the Collateral Note Security, if the effect thereof would be to materially adversely affect the value of the Collateral Notes and Collateral Note Security taken as a whole, or (ii) release any material portion of any Collateral Note Security unless paid in full or otherwise specifically required by the terms thereof, except in the exercise . Debtor shall promptly notify Secured Party of the Debtor’s reasonable business judgmentany extensions of or material amendments to any Collateral Notes.

Appears in 2 contracts

Samples: Security Agreement (Martin Midstream Partners Lp), Security Agreement (Martin Midstream Partners Lp)

Time is Money Join Law Insider Premium to draft better contracts faster.