Common use of Dealing with Security Clause in Contracts

Dealing with Security. The Agent, with the consent of all of the Lenders, may grant extensions of time or other indulgences, take and give up security (including the Security or any part or parts thereof), accept compositions, grant releases and discharges and otherwise deal with the Borrowers and other parties and with security (including the Security and each part thereof) as the Agent may see fit, without prejudice to or in any way limiting the liability of the Borrowers under this Agreement or the other Documents or under any of the Security or any other collateral security.

Appears in 4 contracts

Samples: Credit Agreement (Baytex Energy Corp.), Credit Agreement (Baytex Energy Corp.), Agreement (Baytex Energy Corp.)

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Dealing with Security. The Agent, with the consent of all of the Lenders, except to the extent otherwise provided for herein or in the Security, may grant extensions of time or other indulgences, take and give up security securities (including the Security or any part or parts thereof), accept compositions, grant releases and discharges and otherwise deal with the Borrowers Borrower and other parties and with security (including the Security and each part thereof) as the Agent may see fit, without prejudice to or in any way limiting the liability of the Borrowers Borrower under this Agreement or the other Documents or under any of the Security or any other collateral security.

Appears in 3 contracts

Samples: Credit Agreement (Greenfire Resources Ltd.), Credit Agreement (Obsidian Energy Ltd.), Credit Agreement (Obsidian Energy Ltd.)

Dealing with Security. The Agent, with the consent of all of the Lenders, except to the extent otherwise provided for herein and in the Security, may grant extensions of time or other indulgences, take and give up security securities (including the Security or any part or parts thereof), accept compositions, grant releases and discharges and otherwise deal with the Borrowers Borrower and other parties and with security (including the Security and each part thereof) as the Agent may see fit, without prejudice to or in any way limiting the liability of the Borrowers Borrower under this Agreement or the other Documents or under any of the Security or any other collateral security.

Appears in 2 contracts

Samples: Credit Agreement (Hammerhead Energy Inc.), Credit Agreement (Hammerhead Energy Inc.)

Dealing with Security. The Agent, with the consent of the Majority of the Lenders or all of the LendersLenders (as applicable in accordance with Section 16.10), may grant extensions of time or other indulgences, take and give up security securities (including the Security or any part or parts thereof), accept compositions, grant releases and discharges and otherwise deal with the Borrowers Borrower and other parties and with security (including without limitation, the Security and each part thereof) as the Agent may see fit, without prejudice to or in any way limiting the liability of the Borrowers Borrower under this Agreement or the other Documents or under any of the Security or any other collateral security.

Appears in 1 contract

Samples: Credit Agreement (Pacific Energy Partners Lp)

Dealing with Security. The Agent, with the consent of all of the Lenders, may grant extensions of time or other indulgences, take and give up security securities (including the Security or any part or parts thereof), accept compositions, grant releases and discharges and otherwise deal with the Borrowers Borrower and other parties and with security (including without limitation, the Security and each part thereof) as the Agent may see fit, without prejudice to or in any way limiting the liability of the Borrowers Borrower under this Agreement or the other Documents or under any of the Security or any other collateral security.

Appears in 1 contract

Samples: Credit Agreement (Trident Resources Corp)

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Dealing with Security. The Agent, with the consent of all of the Lenders, may grant extensions of time or other indulgences, take and give up security securities (including the Security or any part or parts thereof), accept compositions, grant releases and discharges and otherwise deal with the Borrowers Borrower and other parties and with security (including the Security and each part thereof) as the Agent may see fit, without prejudice to or in any way limiting the liability of the Borrowers Borrower under this Agreement or the other Documents or under any of the Security or any other collateral security.

Appears in 1 contract

Samples: Credit Agreement (Baytex Energy Corp.)

Dealing with Security. The Agent, with the consent of all of the Lenders, may grant extensions of time or other indulgences, take and give up security securities (including the Security or any part or parts thereof), accept compositions, grant releases and discharges and otherwise deal with the Borrowers Borrower and other parties and with security (including the Security and each part thereof) as the Agent may see fit, without prejudice to or in any way limiting the liability of the Borrowers Borrower under this Agreement or the other Loan Documents or under any of the Security or any other collateral security.

Appears in 1 contract

Samples: Credit Agreement (PENGROWTH ENERGY Corp)

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