Common use of Mortgagor’s Payment Duties Clause in Contracts

Mortgagor’s Payment Duties. Except as provided in Section 7.18 hereof, nothing contained herein will limit Mortgagor’s absolute duty to make payment of the Obligations regardless of whether the proceeds assigned by this Article III are sufficient to pay the same, and subject to the provisions of Section 3.2 above, the receipt by Mortgagee of proceeds from Hydrocarbons under this Deed of Trust will be in addition to all other security now or hereafter existing to secure payment of the Obligations.

Appears in 5 contracts

Samples: Credit Agreement (Berry Petroleum Corp), Credit Agreement (Berry Petroleum Corp), Credit Agreement (Jagged Peak Energy Inc.)

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Mortgagor’s Payment Duties. Except as provided in Section 7.18 7.16 hereof, nothing contained herein will limit Mortgagor’s absolute duty to make payment of the Obligations regardless of whether the proceeds assigned by this Article III are sufficient to pay the same, and subject to the provisions of Section 3.2 above, the receipt by Mortgagee of proceeds from Hydrocarbons under this Deed of Trust Mortgage will be in addition to all other security now or hereafter existing to secure payment of the Obligations.

Appears in 4 contracts

Samples: Subordinated Credit Agreement (Cano Petroleum, Inc), Pledge Agreement (Cano Petroleum, Inc), Credit Agreement (Cano Petroleum, Inc)

Mortgagor’s Payment Duties. Except as provided in Section 7.18 hereof, nothing contained herein will limit Mortgagor’s absolute duty to make payment of the Obligations regardless of whether the proceeds assigned by this Article III are sufficient to pay the same, and subject to the provisions of Section 3.2 above, the receipt by Mortgagee of proceeds from Hydrocarbons under this Deed of Trust will be in addition to all other security now or hereafter existing to secure payment of the Obligations.

Appears in 3 contracts

Samples: Credit Agreement (Mariner Energy Inc), Credit Agreement (Mariner Energy Resources, Inc.), Security Agreement (Callon Petroleum Co)

Mortgagor’s Payment Duties. Except as provided in Section 7.18 hereof, nothing contained herein will limit Mortgagor’s 's absolute duty to make payment of the Obligations regardless of whether the proceeds assigned by this Article III are sufficient to pay the same, and subject to the provisions of Section 3.2 above, the receipt by Mortgagee of proceeds from Hydrocarbons under this Deed of Trust will be in addition to all other security now or hereafter existing to secure payment of the Obligations.

Appears in 3 contracts

Samples: Credit Agreement (Isramco Inc), Credit Agreement (Mariner Energy Resources, Inc.), Credit Agreement (Mariner Energy Inc)

Mortgagor’s Payment Duties. Except as provided in Section 7.18 hereof, nothing contained herein will limit Mortgagor’s 's absolute duty to make payment of the Obligations regardless of whether the proceeds assigned by this Article III are sufficient to pay the same, and subject to the provisions of Section 3.2 above, the receipt by Mortgagee of proceeds from Hydrocarbons under this Deed of Trust Mortgage will be in addition to all other security now or hereafter existing to secure payment of the Obligations.

Appears in 1 contract

Samples: Credit Agreement (Isramco Inc)

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Mortgagor’s Payment Duties. Except as provided in Section 7.18 7.16 hereof, nothing contained herein will limit the Mortgagor’s 's absolute duty to make payment of the Obligations regardless of whether the proceeds assigned by this Article III are sufficient to pay the same, and subject to the provisions of Section 3.2 above, the receipt by the Mortgagee of proceeds from Hydrocarbons under this Deed of Trust Mortgage will be in addition to all other security now or hereafter existing to secure payment of the Obligations.

Appears in 1 contract

Samples: Credit Agreement (Isramco Inc)

Mortgagor’s Payment Duties. Except as provided in Section 7.18 hereof, nothing contained herein will limit MortgagorXxxxxxxxx’s absolute duty to make payment of the Secured Obligations regardless of whether the proceeds assigned by this Article III are sufficient to pay the same, and subject to the provisions of Section 3.2 above, the receipt by Mortgagee of proceeds from Hydrocarbons under this Deed of Trust will be in addition to all other security now or hereafter existing to secure payment of the Secured Obligations.

Appears in 1 contract

Samples: Second Lien Security Agreement

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