Common use of Foreclosure for Installments Clause in Contracts

Foreclosure for Installments. To the extent allowed by applicable law, Mortgagee shall also have the option to proceed with foreclosure in satisfaction of any installments of the Senior Secured Note Obligations which have not been paid when due, either through the courts or otherwise, by non-judicial power of sale in satisfaction of the matured but unpaid portion of the Senior Secured Note Obligations as if under a full foreclosure, conducting the sale as herein provided and without declaring the entire principal balance and accrued interest due. Such sale may be made subject to the unmatured portion of the Senior Secured Note Obligations, and any such sale shall not in any manner affect the unmatured portion of the Senior Secured Note Obligations, but as to such unmatured portion of the Senior Secured Note Obligations this Mortgage shall remain in full force and effect just as though no sale had been made hereunder. It is further agreed that several sales may be made hereunder without exhausting the right of sale for any unmatured part of the Senior Secured Note Obligations, it being the intent and purpose hereof to provide for a foreclosure and sale of the security for any matured portion of the Senior Secured Note Obligations without exhausting the power to foreclose and sell the Mortgaged Property for any subsequently maturing portion of the Senior Secured Note Obligations.

Appears in 12 contracts

Samples: Open End Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Progress Precision Inc.), Mortgage (Progress Precision Inc.), Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Progress Precision Inc.)

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Foreclosure for Installments. To the extent allowed by applicable law, The Mortgagee shall also have the option to proceed with foreclosure in satisfaction of any installments of the Senior Secured Note Obligations which have not been paid when due, due following the occurrence and during the continuance of an Event of Default either through the courts or otherwise, by non-judicial power of sale directing the Trustee to proceed with foreclosure in satisfaction of the matured but unpaid portion of the Senior Secured Note Obligations as if under a full foreclosure, conducting the sale as herein provided and without declaring the entire principal balance and accrued interest and other Secured Obligations then due. Such ; such sale may be made subject to the unmatured portion of the Senior Secured Note Obligations, and any such sale shall not in any manner affect the unmatured portion of the Senior Secured Note Obligations, but as to such unmatured portion of the Senior Secured Note Obligations this Mortgage shall remain in full force and effect just as though no sale had been made hereunder. It is further agreed that several sales may be made hereunder without exhausting the right of sale for any unmatured part of the Senior Secured Note Obligations, it being the intent and purpose hereof to provide for a foreclosure and sale of the security for any matured portion of the Senior Secured Note Obligations without exhausting the power to foreclose and sell the Mortgaged Property for any subsequently maturing portion of the Senior Secured Note Obligations.

Appears in 6 contracts

Samples: Mortgage, Deed of Trust, Assignment of as Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement (Sundance Energy Australia LTD), Mortgage, Deed of Trust, Assignment of as Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement (Sundance Energy Australia LTD), Mortgage, Deed of Trust, Assignment of as Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement (Sundance Energy Australia LTD)

Foreclosure for Installments. To the extent allowed by applicable law, Mortgagee Beneficiary shall also have the option to proceed with foreclosure in satisfaction of any installments of the Senior Secured Note Obligations Indebtedness which have not been paid when due, due either through the courts or otherwise, by non-judicial power of sale directing the Trustee or his successors in trust to proceed with foreclosure in satisfaction of the matured but unpaid portion of the Senior Secured Note Obligations Indebtedness as if under a full foreclosure, conducting the sale as herein provided and without declaring the entire principal balance Indebtedness due and accrued interest due. Such payable; such sale may be made subject to the unmatured portion of the Senior Secured Note ObligationsIndebtedness, and any such sale shall not in any manner affect the unmatured portion of the Senior Secured Note ObligationsIndebtedness, but as to such unmatured portion of the Senior Secured Note Obligations Indebtedness this Mortgage Deed of Trust shall remain in full force and effect just as though no sale had been made hereunder. It is further agreed that several sales may be made hereunder without exhausting the right of sale for any unmatured part of the Senior Secured Note ObligationsIndebtedness, it being the intent and purpose hereof to provide for a foreclosure and sale of the security for any matured portion of the Senior Secured Note Obligations Indebtedness without exhausting the power to foreclose and sell the Mortgaged Property for any subsequently maturing portion of the Senior Secured Note ObligationsIndebtedness.

Appears in 5 contracts

Samples: Leasehold Deed of Trust, Security Agreement, Fixture Filing, and Assignment of Leases and Rents (Westway Group, Inc.), Deed of Trust, Security Agreement, Fixture Filing, and Assignment of Leases and Rents (Westway Group, Inc.), Leasehold Deed of Trust, Security Agreement, Fixture Filing, and Assignment of Leases and Rents (Westway Group, Inc.)

Foreclosure for Installments. To the extent allowed by applicable law, Mortgagee shall also have the option to proceed with foreclosure in satisfaction of any installments of the Senior Secured Note Obligations Indebtedness which have not been paid when due, due either through the courts or otherwise, by non-judicial power of sale directing the Trustee or his successors in trust to proceed with foreclosure in satisfaction of the matured but unpaid portion of the Senior Secured Note Obligations Indebtedness as if under a full foreclosure, conducting the sale as herein provided and without declaring the entire principal balance and accrued interest due. Such ; such sale may be made subject to the unmatured portion of the Senior Secured Note ObligationsIndebtedness, and any such sale shall not in any manner affect the unmatured portion of the Senior Secured Note ObligationsIndebtedness, but as to such unmatured portion of the Senior Secured Note Obligations Indebtedness this Mortgage shall remain in full force and effect just as though no sale had been made hereunder. It is further agreed that several sales may be made hereunder without exhausting the right of sale for any unmatured part of the Senior Secured Note ObligationsIndebtedness, it being the intent and purpose hereof to provide for a foreclosure and sale of the security for any matured portion of the Senior Secured Note Obligations Indebtedness without exhausting the power to foreclose and sell the Mortgaged Property for any subsequently maturing portion of the Senior Secured Note ObligationsIndebtedness.

Appears in 4 contracts

Samples: Credit Agreement (Brigham Exploration Co), Mortgage, Deed of Trust, Assignment of Production, Security Agreement and Financing Statement (Miller Exploration Co), Mortgage, Deed of Trust, Assignment of Production, Security Agreement, and Financing Statement (Miller Exploration Co)

Foreclosure for Installments. To Upon the extent allowed by applicable lawoccurrence of and during the continuance of an Event of Default, the Mortgagee shall also have the option to proceed with foreclosure in satisfaction of any installments of the Senior Secured Note Obligations which that have not been paid when due, due either through the courts or otherwise, by non-judicial power of sale proceeding with foreclosure in satisfaction of the matured but unpaid portion of the Senior Secured Note Obligations as if under a full foreclosure, conducting the sale as herein provided and without declaring the entire principal balance and accrued interest and other Obligations then due. Such ; such sale may be made subject to the unmatured portion of the Senior Secured Note Obligations, and any such sale shall not in any manner affect the unmatured portion of the Senior Secured Note Obligations, but as to such unmatured portion of the Senior Secured Note Obligations this Mortgage shall remain in full force and effect just as though no sale had been made hereunder. It is further agreed that upon the occurrence of and during the continuance of an Event of Default, several sales may be made hereunder without exhausting the right of sale for any unmatured part of the Senior Secured Note Obligations, it being the intent and purpose hereof to provide for a foreclosure and sale of the security for any matured portion of the Senior Secured Note Obligations without exhausting the power to foreclose and sell the Mortgaged Property for any subsequently maturing portion of the Senior Secured Note Obligations.

Appears in 4 contracts

Samples: Credit Agreement (Talos Energy Inc.), Credit Agreement (Vine Resources Inc.), Credit Agreement (Vine Resources Inc.)

Foreclosure for Installments. To the extent allowed permitted by applicable law, the Mortgagee shall also have the option to proceed with foreclosure in satisfaction of any installments of the Senior Secured Note Obligations which have not been paid when due, due either through the courts or otherwise, by non-judicial power of sale directing the Trustee to proceed with foreclosure in satisfaction of the matured but unpaid portion of the Senior Secured Note Obligations as if under a full foreclosure, conducting the sale as herein provided and without declaring the entire principal balance and accrued interest and other Secured Obligations then due. Such ; such sale may be made subject to the unmatured portion of the Senior Secured Note Obligations, and any such sale shall not in any manner affect the unmatured portion of the Senior Secured Note Obligations, but as to such unmatured portion of the Senior Secured Note Obligations this Mortgage Deed of Trust shall remain in full force and effect just as though no sale had been made hereunder. It is further agreed that that, to the extent permitted by applicable law, several sales may be made hereunder without exhausting the right of sale for any unmatured part of the Senior Secured Note Obligations, it being the intent and purpose hereof to provide for a foreclosure and sale of the security for any matured portion of the Senior Secured Note Obligations without exhausting the power to foreclose and sell the Mortgaged Deed of Trust Property for any subsequently maturing portion of the Senior Secured Note Obligations.

Appears in 3 contracts

Samples: Credit Agreement (California Resources Corp), Credit Agreement (California Resources Corp), Credit Agreement (California Resources Corp)

Foreclosure for Installments. To Upon the extent allowed by applicable lawoccurrence of and during the continuance of an Event of Default, the Mortgagee shall also have the option to proceed with foreclosure in satisfaction of any installments of the Senior Secured Note Obligations which that have not been paid when due, due either through the courts or otherwise, by non-judicial power of sale directing the Trustee to proceed with foreclosure in satisfaction of the matured but unpaid portion of the Senior Secured Note Obligations as if under a full foreclosure, conducting the sale as herein provided and without declaring the entire principal balance and accrued interest and other Obligations then due. Such ; such sale may be made subject to the unmatured portion of the Senior Secured Note Obligations, and any such sale shall not in any manner affect the unmatured portion of the Senior Secured Note Obligations, but as to such unmatured portion of the Senior Secured Note Obligations this Mortgage shall remain in full force and effect just as though no sale had been made hereunder. It is further agreed that upon the occurrence of and during the continuance of an Event of Default, several sales may be made hereunder without exhausting the right of sale for any unmatured part of the Senior Secured Note Obligations, it being the intent and purpose hereof to provide for a foreclosure and sale of the security for any matured portion of the Senior Secured Note Obligations without exhausting the power to foreclose and sell the Mortgaged Property for any subsequently maturing portion of the Senior Secured Note Obligations.

Appears in 3 contracts

Samples: Credit Agreement (Talos Energy Inc.), Credit Agreement (Talos Energy Inc.), Credit Agreement (MBOW Four Star, L.L.C.)

Foreclosure for Installments. To the extent allowed by applicable lawlaw and in accordance with the Indenture, Mortgagee during the pendency of an Event of Default, Beneficiary shall also have the option to proceed with foreclosure in satisfaction of any installments of the Senior Secured Note Obligations which have not been paid when due, either through the courts or otherwise, by non-judicial power of sale sale, by directing Trustee or any successors in trust to Trustee to proceed with foreclosure, in satisfaction of the matured but unpaid portion of the Senior Secured Note Obligations as if under a full foreclosure, conducting the sale as herein provided and without declaring the entire principal balance and accrued interest due. Such sale may be made subject to the unmatured portion of the Senior Secured Note Obligations, and any such sale shall not in any manner affect the unmatured portion of the Senior Secured Note Obligations, but as to such unmatured portion of the Senior Secured Note Obligations this Mortgage Deed of Trust shall remain in full force and effect just as though no sale had been made hereunder. It is further agreed that several sales may be made hereunder without exhausting the right of sale for any unmatured part of the Senior Secured Note Obligations, it being the intent and purpose hereof to provide for a foreclosure and sale of the security for any matured portion of the Senior Secured Note Obligations without exhausting the power to foreclose and sell the Mortgaged Trust Property for any subsequently maturing portion of the Senior Secured Note Obligations.

Appears in 2 contracts

Samples: Deed of Trust (Gsi Group Inc), Deed of Trust (Gsi Group Inc)

Foreclosure for Installments. To the extent allowed by applicable lawIf an Event of Default shall have occurred and be continuing, Mortgagee shall also have the option to proceed with foreclosure in satisfaction of any installments of the Senior Secured Note Obligations Indebtedness which have not been paid when due, due either through the courts or otherwise, by non-judicial power of sale proceeding with foreclosure in satisfaction of the matured but unpaid portion of the Senior Secured Note Obligations Indebtedness as if under a full foreclosure, conducting the sale as herein provided and without declaring the entire principal balance and accrued interest due. Such ; such sale may be made subject to the unmatured portion of the Senior Secured Note ObligationsIndebtedness, and any such sale shall not in any manner affect the unmatured portion of the Senior Secured Note ObligationsIndebtedness, but as to such unmatured portion of the Senior Secured Note Obligations Indebtedness this Mortgage shall remain in full force and effect just as though no sale had been made hereunder. It is further agreed that several sales may be made hereunder without exhausting the right of sale for any unmatured part of the Senior Secured Note ObligationsIndebtedness, it being the intent and purpose hereof to provide for a foreclosure and sale of the security for any matured portion of the Senior Secured Note Obligations Indebtedness without exhausting the power to foreclose and sell the Mortgaged Property for any subsequently maturing portion of the Senior Secured Note ObligationsIndebtedness.

Appears in 2 contracts

Samples: Credit Agreement (Mach Natural Resources Lp), Credit Agreement (Mach Natural Resources Lp)

Foreclosure for Installments. To the extent allowed by applicable law, The Mortgagee shall also have the option to proceed with foreclosure in satisfaction of any installments of the Senior Secured Note Obligations which have not been paid when due, due either through the courts or otherwise, by non-judicial power of sale directing the Trustee to proceed with foreclosure in satisfaction of the matured but unpaid portion of the Senior Secured Note Obligations as if under a full foreclosure, conducting the sale as herein provided and without declaring the entire principal balance and accrued interest and other Secured Obligations then due. Such ; such sale may be made subject to the unmatured portion of the Senior Secured Note Obligations, and any such sale shall not in any manner affect the unmatured portion of the Senior Secured Note Obligations, but as to such unmatured portion of the Senior Secured Note Obligations this Mortgage Deed of Trust shall remain in full force and effect just as though no sale had been made hereunder. It is further agreed that several sales may be made hereunder without exhausting the right of sale for any unmatured part of the Senior Secured Note Obligations, it being the intent and purpose hereof to provide for a foreclosure and sale of the security for any matured portion of the Senior Secured Note Obligations without exhausting the power to foreclose and sell the Mortgaged Deed of Trust Property for any subsequently maturing portion of the Senior Secured Note Obligations.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (California Resources Corp)

Foreclosure for Installments. To the extent allowed by applicable lawIf an Event of Default shall occur and be continuing, Mortgagee Secured Party shall also have the option to proceed with foreclosure in satisfaction of any installments of the Senior Secured Note Obligations which have not been paid when due, due either through the courts or otherwise, by non-judicial power of sale proceeding with foreclosure in satisfaction of the matured but unpaid portion of the Senior Secured Note Obligations as if under a full foreclosure, conducting the sale as herein provided as to a portion of the Mortgaged Property and without declaring the entire principal balance and accrued interest due. Such ; such sale may be made subject to the unmatured portion of the Senior Secured Note Obligations, and any such sale shall not in any manner affect the unmatured portion of the Senior Secured Note Obligations, but as to such unmatured portion of the Senior Secured Note Obligations this Mortgage Agreement shall remain in full force and effect as to any Mortgaged Property that was not sold just as though no sale had been made hereunder. It is further agreed that several sales of a portion of the Mortgaged Property may be made hereunder without exhausting the right of sale for any unmatured part of the Senior Secured Note Obligations, it being the intent and purpose hereof to provide for a foreclosure and sale of the security for any matured portion of the Senior Secured Note Obligations without exhausting the power to foreclose and sell the remainder of the Mortgaged Property for any subsequently maturing portion of the Senior Secured Note Obligations.

Appears in 2 contracts

Samples: Credit Agreement (Synergy Resources Corp), Credit Agreement (Synergy Resources Corp)

Foreclosure for Installments. To the extent allowed by applicable lawIf an Event of Default shall have occurred and be continuing, Mortgagee shall also have the option to proceed with foreclosure in satisfaction of any installments of the Senior Secured Note Obligations Indebtedness which have not been paid when due, due either through the courts or otherwise, by non-judicial power of sale directing Trustee or his successors in trust to proceed with foreclosure in satisfaction of the matured but unpaid portion of the Senior Secured Note Obligations Indebtedness as if under a full foreclosure, conducting the sale as herein provided and without declaring the entire principal balance and accrued interest due. Such ; such sale may be made subject to the unmatured portion of the Senior Secured Note ObligationsIndebtedness, and any such sale shall not in any manner affect the unmatured portion of the Senior Secured Note ObligationsIndebtedness, but as to such unmatured portion of the Senior Secured Note Obligations Indebtedness this Mortgage shall remain in full force and effect just as though no sale had been made hereunder. It is further agreed that several sales may be made hereunder without exhausting the right of sale for any unmatured part of the Senior Secured Note ObligationsIndebtedness, it being the intent and purpose hereof to provide for a foreclosure and sale of the security for any matured portion of the Senior Secured Note Obligations Indebtedness without exhausting the power to foreclose and sell the Mortgaged Property for any subsequently maturing portion of the Senior Secured Note ObligationsIndebtedness.

Appears in 1 contract

Samples: Credit Agreement (Energy & Exploration Partners, Inc.)

Foreclosure for Installments. To Upon the extent allowed by applicable lawoccurrence and during the continuance of an Event of Default, Mortgagee shall also have the option to proceed with foreclosure in satisfaction of any installments of the Senior Secured Note Obligations Indebtedness which have not been paid when due, either due through the courts or otherwise, by non-judicial power of sale proceeding with foreclosure in satisfaction of the matured but unpaid portion of the Senior Secured Note Obligations Indebtedness as if under a full foreclosure, conducting the sale as herein provided and without declaring the entire principal balance and accrued interest due. Such ; such sale may be made subject to the unmatured portion of the Senior Secured Note ObligationsIndebtedness, and any such sale shall not in any manner affect the unmatured portion of the Senior Secured Note ObligationsIndebtedness, but as to such unmatured portion of the Senior Secured Note Obligations Indebtedness this Mortgage shall remain in full force and effect just as though no sale had been made hereunder. It is further agreed that several sales may be made hereunder without exhausting the right of sale for any unmatured part of the Senior Secured Note ObligationsIndebtedness, it being the intent and purpose hereof to provide for a foreclosure and sale of the security for any matured portion of the Senior Secured Note Obligations Indebtedness without exhausting the power to foreclose and sell the Mortgaged Property for any subsequently maturing portion of the Senior Secured Note ObligationsIndebtedness.

Appears in 1 contract

Samples: Credit Agreement (Riviera Resources, Inc.)

Foreclosure for Installments. To Upon the extent allowed by applicable lawoccurrence of and during the continuance of an Event of Default, the Mortgagee shall also have the option to proceed with foreclosure in satisfaction of any installments of the Senior Secured Note Obligations which have not been paid when due, due either through the courts or otherwise, by non-judicial power of sale directing the Trustee to proceed with foreclosure in satisfaction of the matured but unpaid portion of the Senior Secured Note Obligations as if under a full foreclosure, conducting the sale as herein provided and without declaring the entire principal balance and accrued interest and other Obligations then due. Such ; such sale may be made subject to the unmatured portion of the Senior Secured Note Obligations, and any such sale shall not in any manner affect the unmatured portion of the Senior Secured Note Obligations, but as to such unmatured portion of the Senior Secured Note Obligations this Mortgage shall remain in full force and effect just as though no sale had been made hereunder. It is further agreed that upon the occurrence of and during the continuance of an Event of Default, several sales may be made hereunder without exhausting the right of sale for any unmatured part of the Senior Secured Note Obligations, it being the intent and purpose hereof to provide for a foreclosure and sale of the security for any matured portion of the Senior Secured Note Obligations without exhausting the power to foreclose and sell the Mortgaged Property for any subsequently maturing portion of the Senior Secured Note Obligations.

Appears in 1 contract

Samples: Credit Agreement (KKR Financial Holdings LLC)

Foreclosure for Installments. To Upon the extent allowed by applicable lawoccurrence of and during the continuance of an Event of Default, the Mortgagee shall also have the option to proceed with foreclosure in satisfaction of any installments of the Senior Secured Note Loan Obligations which that have not been paid when due, due either through the courts or otherwise, by non-judicial power of sale proceeding with foreclosure in satisfaction of the matured but unpaid portion of the Senior Secured Note Loan Obligations as if under a full foreclosure, conducting the sale as herein provided and without declaring the entire principal balance and accrued interest and other Loan Obligations then due. Such ; such sale may be made subject to the unmatured portion of the Senior Secured Note Loan Obligations, and any such sale shall not in any manner affect the unmatured portion of the Senior Secured Note Loan Obligations, but as to such unmatured portion of the Senior Secured Note Loan Obligations this Mortgage shall remain in full force and effect just as though no sale had been made hereunder. It is further agreed that upon the occurrence of and during the continuance of an Event of Default, several sales may be made hereunder without exhausting the right of sale for any unmatured part of the Senior Secured Note Loan Obligations, it being the intent and purpose hereof to provide for a foreclosure and sale of the security for any matured portion of the Senior Secured Note Loan Obligations without exhausting the power to foreclose and sell the Mortgaged Property for any subsequently maturing portion of the Senior Secured Note Loan Obligations.

Appears in 1 contract

Samples: Credit Agreement (Lilis Energy, Inc.)

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Foreclosure for Installments. To the extent allowed by applicable law, The Mortgagee shall also have the option to proceed with foreclosure in satisfaction of any installments of the Senior Secured Note Obligations Indebtedness which have not been paid when due, due either through the courts or otherwise, by non-judicial power of sale directing Trustee or his successors in trust to proceed with foreclosure in satisfaction of the matured but unpaid portion of the Senior Secured Note Obligations Indebtedness as if under a full foreclosure, conducting the sale as herein provided and without declaring the entire principal balance and accrued interest due. Such ; such sale may be made subject to the unmatured portion of the Senior Secured Note ObligationsIndebtedness, and any such sale shall not in any manner affect the unmatured portion of the Senior Secured Note ObligationsIndebtedness, but as to such unmatured portion of the Senior Secured Note Obligations Indebtedness this Mortgage shall remain in full force and effect just as though no sale had been made hereunder. It is further agreed that several sales may be made hereunder without exhausting the right of sale for any unmatured part of the Senior Secured Note ObligationsIndebtedness, it being the intent and purpose hereof to provide for a foreclosure and sale of the security for any matured portion of the Senior Secured Note Obligations Indebtedness without exhausting the power to foreclose and sell the Mortgaged Property for any subsequently maturing portion of the Senior Secured Note ObligationsIndebtedness.

Appears in 1 contract

Samples: Mortgage, Deed of Trust, Assignment of Production, Security Agreement and Financing Statement (Eex Corp)

Foreclosure for Installments. To the extent allowed by applicable law, Mortgagee shall also have the option to proceed with foreclosure in satisfaction of any installments of the Senior Secured Note Obligations Indebtedness which have not been paid when due, due either through the courts of competent jurisdiction or otherwise, by non-judicial power of sale directing the Trustee or his successors in trust to proceed with foreclosure in satisfaction of the matured but unpaid portion of the Senior Secured Note Obligations Indebtedness as if under a full foreclosure, conducting the sale as herein provided and without declaring the entire principal balance and accrued interest due. Such ; such sale may be made subject to the unmatured portion of the Senior Secured Note ObligationsIndebtedness, and any such sale shall not in any manner affect the unmatured portion of the Senior Secured Note ObligationsIndebtedness, but as to such unmatured portion of the Senior Secured Note Obligations Indebtedness, this Mortgage shall remain in full force and effect just as though no sale had been made hereunder. It is further agreed that several sales may be made hereunder without exhausting the right of sale for any unmatured part of the Senior Secured Note ObligationsIndebtedness, it being the intent and purpose hereof to provide for a foreclosure and sale of the security for any matured portion of the Senior Secured Note Obligations Indebtedness without exhausting the power to foreclose and sell the Mortgaged Property for any subsequently maturing portion of the Senior Secured Note ObligationsIndebtedness.

Appears in 1 contract

Samples: Credit Agreement (Brigham Exploration Co)

Foreclosure for Installments. To the extent allowed by applicable law, The Mortgagee shall also have the option to proceed with foreclosure in satisfaction of any installments of the Senior Secured Note Obligations which have not been paid when due, due (after giving effect to any applicable grace period for such payment) either through the courts or otherwise, by non-judicial power of sale directing the Mortgagee to proceed with foreclosure in accordance with law in satisfaction of the matured but unpaid portion of the Senior Secured Note Obligations as if under a full foreclosure, conducting the sale as herein provided and without declaring the entire principal balance and accrued interest and other Obligations then due. Such ; such sale may be made subject to the unmatured portion of the Senior Secured Note Obligations, and any such sale shall not in any manner affect the unmatured portion of the Senior Secured Note Obligations, but as to such unmatured portion of the Senior Secured Note Obligations Obligations, this Mortgage shall remain in full force and effect just as though no sale had been made hereunder. It is further agreed that several sales may be made hereunder without exhausting the right of sale for any unmatured part of the Senior Secured Note Obligations, it being the intent and purpose hereof to provide for a foreclosure and sale of the security for any matured portion of the Senior Secured Note Obligations without exhausting the power to foreclose and sell the Mortgaged Property for any subsequently maturing portion of the Senior Secured Note Obligations.

Appears in 1 contract

Samples: Mortgage, Assignment of Leases, Rents and as Extracted Collateral, Security Agreement, Financing Statement and Fixture Filing (Nacco Industries Inc)

Foreclosure for Installments. To the extent allowed by applicable law, The Mortgagee shall also have the option (but not the obligation) to proceed with foreclosure in satisfaction of any installments of the Senior Secured Note Obligations which have not been paid when due, due either through the courts or otherwise, by non-judicial power of sale proceeding with foreclosure in satisfaction of the matured but unpaid portion of the Senior Secured Note Obligations as if under a full foreclosure, conducting the sale as herein provided and without declaring the entire principal balance and accrued interest and other Secured Obligations then due. Such ; such sale may be made subject to the unmatured portion of the Senior Secured Note Obligations, and any such sale shall not in any manner affect the unmatured portion of the Senior Secured Note Obligations, but as to such unmatured portion of the Senior Secured Note Obligations this Mortgage shall remain in full force and effect just as though no sale had been made hereunder. It is further agreed that several sales may be made hereunder without exhausting the right of sale for any unmatured part of the Senior Secured Note Obligations, it being the intent and purpose hereof to provide for a foreclosure and sale of the security for any matured portion of the Senior Secured Note Obligations without exhausting the power to foreclose and sell the Mortgaged Property for any subsequently maturing portion of the Senior Secured Note Obligations.

Appears in 1 contract

Samples: Exchange Agreement (Ultra Petroleum Corp)

Foreclosure for Installments. To Subject to the extent allowed priority of the Liens created or evidenced by applicable lawthe Senior Mortgages and any security agreement or financing statement executed in connection therewith, and to the terms of the Subordination Agreement and the Securities Purchase Documents: Mortgagee shall also have the option to proceed with foreclosure in satisfaction of any installments of the Senior Secured Note Obligations Indebtedness which have not been paid when due, due either through the courts or otherwise, by non-judicial power of sale directing the Trustee or his successors in trust to proceed with foreclosure in satisfaction of the matured but unpaid portion of the Senior Secured Note Obligations Indebtedness as if under a full foreclosure, conducting the sale as herein provided and without declaring the entire principal balance and accrued interest due. Such ; such sale may be made subject to the unmatured portion of the Senior Secured Note ObligationsIndebtedness, and any such sale shall not in any manner affect the unmatured portion of the Senior Secured Note ObligationsIndebtedness, but as to such unmatured portion of the Senior Secured Note Obligations Indebtedness this Mortgage shall remain in full force and effect just as though no sale had been made hereunder. It is further agreed that several sales may be made hereunder without exhausting the right of sale for any unmatured part of the Senior Secured Note ObligationsIndebtedness, it being the intent and purpose hereof to provide for a foreclosure and sale of the security for any matured portion of the Senior Secured Note Obligations without exhausting the power to foreclose and sell the Mortgaged Property for any subsequently maturing portion of the Senior Secured Note Obligations.Indebtedness without

Appears in 1 contract

Samples: Indenture (Brigham Holdings Ii LLC)

Foreclosure for Installments. To the extent allowed by applicable law, Mortgagee shall also have the option to proceed with foreclosure in satisfaction of any installments of the Senior Secured Note Obligations Indebtedness which have not been paid when due, due either through the courts or otherwise, by non-judicial power of sale directing Trustee or his successors in trust to proceed with foreclosure in satisfaction of the matured but unpaid portion of the Senior Secured Note Obligations lndebtedness as if under a full foreclosure, conducting the sale as herein provided and without declaring the entire principal balance and accrued interest due. Such ; such sale may be made subject to the unmatured portion of the Senior Secured Note ObligationsIndebtedness, and any such sale shall not in any manner affect the unmatured portion of the Senior Secured Note ObligationsIndebtedness, but as to such unmatured portion of the Senior Secured Note Obligations Indebtedness this Mortgage Deed of Trust shall remain in full force and effect just as though no sale had been made hereunder. It is further agreed that several sales may be made hereunder without exhausting the right of sale for any unmatured part of the Senior Secured Note ObligationsIndebtedness, it being the intent and purpose hereof to provide for a foreclosure and sale of the security for any matured portion of the Senior Secured Note Obligations Indebtedness without exhausting the power to foreclose and sell the Mortgaged Deed of Trust Property for any subsequently maturing portion of the Senior Secured Note ObligationsIndebtedness.

Appears in 1 contract

Samples: Deed of Trust (Energy Hunter Resources, Inc.)

Foreclosure for Installments. To If an Event of Default shall have occurred and be continuing, the extent allowed by applicable law, Mortgagee shall also have the option to proceed with foreclosure in satisfaction of any installments of the Senior Secured Note Obligations which have not been paid when due, due either through the courts or otherwise, by non-judicial power of sale directing the Trustee to proceed with foreclosure in satisfaction of the matured but unpaid portion of the Senior Secured Note Obligations as if under a full foreclosure, conducting the sale as herein provided and without declaring the entire principal balance and accrued interest and other Secured Obligations then due. Such ; such sale may be made subject to the unmatured portion of the Senior Secured Note Obligations, and any such sale shall not in any manner affect the unmatured portion of the Senior Secured Note Obligations, but as to such unmatured portion of the Senior Secured Note Obligations this Mortgage Deed of Trust shall remain in full force and effect just as though no sale had been made hereunder. It is further agreed that several sales may be made hereunder without exhausting the right of sale for any unmatured part of the Senior Secured Note Obligations, it being the intent and purpose hereof to provide for a foreclosure and sale of the security for any matured portion of the Senior Secured Note Obligations without exhausting the power to foreclose and sell the Mortgaged Deed of Trust Property for any subsequently maturing portion of the Senior Secured Note Obligations.

Appears in 1 contract

Samples: Credit Agreement (Chesapeake Energy Corp)

Foreclosure for Installments. To If an Event of Default shall occur and be continuing, then to the extent allowed provided by applicable law, the Mortgagee shall also have the option to proceed with foreclosure in satisfaction of any installments of the Senior Secured Note Obligations which have not been paid when due, due either through the courts or otherwise, by non-judicial power of sale directing the Trustee to proceed with foreclosure in satisfaction of the matured but unpaid portion of the Senior Secured Note Obligations as if under a full foreclosure, conducting the sale as herein provided and without declaring the entire principal balance and accrued interest and other Secured Obligations then due. Such ; such sale may be made subject to the unmatured portion of the Senior Secured Note Obligations, and any such sale shall not in any manner affect the unmatured portion of the Senior Secured Note Obligations, but as to such unmatured portion of the Senior Secured Note Obligations this Mortgage Deed of Trust shall remain in full force and effect just as though no sale had been made hereunder. It is further agreed that several sales may be made hereunder without exhausting the right of sale for any unmatured part of the Senior Secured Note Obligations, it being the intent and purpose hereof to provide for a foreclosure and sale of the security for any matured portion of the Senior Secured Note Obligations without exhausting the power to foreclose and sell the Mortgaged Property for any subsequently maturing portion of the Senior Secured Note Obligations.

Appears in 1 contract

Samples: Deed of Trust (Prairie Operating Co.)

Foreclosure for Installments. To the extent allowed by applicable law, The Mortgagee shall also have the option to proceed with foreclosure in satisfaction of any installments of the Senior Secured Note Obligations which have not been paid when due, due either through the courts or otherwise, by non-judicial power of sale proceeding with foreclosure in satisfaction of the matured but unpaid portion of the Senior Secured Note Obligations as if under a full foreclosure, conducting the sale as herein provided and without declaring the entire principal balance and accrued interest and other Secured Obligations then due. Such ; such sale may be made subject to the unmatured portion of the Senior Secured Note Obligations, and any such sale shall not in any manner affect the unmatured portion of the Senior Secured Note Obligations, but as to such unmatured portion of the Senior Secured Note Obligations this Mortgage shall remain in full force and effect just as though no sale had been made hereunder. It is further agreed that several sales may be made hereunder without exhausting the right of sale for any unmatured part of the Senior Secured Note Obligations, it being the intent and purpose hereof to provide for a foreclosure and sale of the security for any matured portion of the Senior Secured Note Obligations without exhausting the power to foreclose and sell the Mortgaged Property Collateral for any subsequently maturing portion of the Senior Secured Note Obligations.

Appears in 1 contract

Samples: Second Lien Security Agreement

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