Common use of Discretion as to Security Clause in Contracts

Discretion as to Security. Mortgagee may resort to any security given by this Mortgage or to any guaranty of the obligations secured hereby, in whole or in part, and in such portions and in such order as may seem best to Mortgagee in its sole and uncontrolled discretion, and any such action shall not in any way be considered as a waiver of any of the rights, benefits, liens or security interests evidenced by this Mortgage.

Appears in 9 contracts

Samples: Mortgage (SandRidge Mississippian Trust I), Term Conveyance (ECA Marcellus Trust I), SandRidge Mississippian Trust II

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Discretion as to Security. Mortgagee may resort to any security given by this Mortgage or to any guaranty other security now existing or hereafter given to secure the payment of the obligations secured herebyindebtedness, in whole or in part, and in such portions and in such order as may seem best to Mortgagee in its sole and uncontrolled discretion, and any such action shall not in any way be considered as a waiver of any of the rights, benefits, liens or security interests evidenced by this Mortgage.

Appears in 5 contracts

Samples: Credit Agreement (Targa Resources Investments Inc.), Purchase and Sale Agreement (Delta Petroleum Corp/Co), United States Exploration Inc

Discretion as to Security. Mortgagee may resort to any security given by this Mortgage or to any guaranty of the obligations secured herebyMortgage, in whole or in part, and in such portions and in such order as may seem best to Mortgagee in its sole and uncontrolled discretion, and any such action shall not in any way be considered as a waiver of any of the rights, benefits, liens or security interests evidenced by this Mortgage.

Appears in 3 contracts

Samples: Mortgage With Power of Sale (Chesapeake Granite Wash Trust), Mortgage With Power of Sale (Chesapeake Granite Wash Trust), Mortgage With Power of Sale (Chesapeake Granite Wash Trust)

Discretion as to Security. Mortgagee may resort to any security given by this Mortgage or to any guaranty other security now existing or hereafter given to secure the payment of the obligations secured herebyindebtedness, in whole or in part, and in such portions and in such order as may seem best to Mortgagee in its sole and uncontrolled discretion, and any such action (or any delay in taking or decision not to take such action) shall not in any way be considered as a waiver of any of the rights, benefits, liens or security interests created or evidenced by this Mortgage.

Appears in 2 contracts

Samples: Secured Revolving Credit Agreement (Black Ridge Oil & Gas, Inc.), Secured Revolving Credit Agreement (Black Ridge Oil & Gas, Inc.)

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Discretion as to Security. Mortgagee may resort to any security given by this Mortgage or to any guaranty other security now existing or hereafter given to secure the payment of the obligations secured herebyindebtedness, in whole or in part, and in such portions and in such order as may seem best to Mortgagee in its sole and uncontrolled absolute discretion, and any such action (or any delay in taking or decision not to take such action) shall not in any way be considered as a waiver of any of the rights, benefits, liens or security interests created or evidenced by this Mortgage.

Appears in 1 contract

Samples: Loan Agreement (Uranium Resources Inc /De/)

Discretion as to Security. Mortgagee may resort to any security given by this Mortgage or to any guaranty other security now existing or hereafter given to secure the payment of the obligations secured herebySecured Indebtedness, in whole or in part, and in such portions and in such order as may seem best to Mortgagee in its sole and uncontrolled discretion, and any such action shall not in any way anywise be considered as a waiver of any of the rights, benefits, liens or security interests evidenced by this Mortgage.

Appears in 1 contract

Samples: Credit Agreement (Amylin Pharmaceuticals Inc)

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