Common use of No Postponement of Installments on Indebtedness Clause in Contracts

No Postponement of Installments on Indebtedness. It is understood and agreed that should such payments provided for by Section 6.1 be less than the sum or sums then due on the Indebtedness, such sum or sums then due shall nevertheless be paid by Mortgagor in accordance with the provisions of the Loan Documents, and neither the assignment made pursuant to Section 6.1 nor any other provisions hereof shall in any manner be construed to affect the terms and provisions of the Loan Documents. Likewise, neither the assignment made pursuant to Section 6.1 nor any other provisions hereof shall in any manner be construed to affect the Liens, rights, title, and remedies herein granted securing the Indebtedness or the liability of Mortgagor therefor. The rights under this Article VI are cumulative of all other rights, remedies, and powers granted under this Deed of Trust and are cumulative of any other security which Mortgagee now holds or may hereafter hold to secure the payment of the Indebtedness.

Appears in 2 contracts

Samples: Primeenergy Corp, Primeenergy Corp

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No Postponement of Installments on Indebtedness. It is understood and agreed that should such payments provided for by Section 6.1 be less than the sum or sums then due on the Indebtedness, such sum or sums then due shall nevertheless be paid by Mortgagor in accordance with the provisions of the Loan Documents, and neither the assignment made pursuant to Section 6.1 nor any other provisions hereof shall in any manner be construed to affect the terms and provisions of the Loan Documents. Likewise, neither the assignment made pursuant to Section 6.1 nor any other provisions hereof shall in any manner be construed to affect the Liens, rights, title, and remedies herein granted securing the Indebtedness or the liability of Mortgagor therefor. The rights under this Article VI 6 are cumulative of all other rights, remedies, and powers granted under this Deed of Trust Mortgage and are cumulative of any other security which Mortgagee now holds or may hereafter hold to secure the payment of the Indebtedness.

Appears in 1 contract

Samples: Mortgage, Security Agreement (High Plains Gas, Inc.)

No Postponement of Installments on Indebtedness. It is understood and agreed that should such payments provided for by Section 6.1 be less than the sum or sums then due on the Indebtedness, such sum or sums then due shall nevertheless be paid by Mortgagor in accordance with the provisions of the Notes, the Credit Agreement or any other Loan DocumentsDocument, and neither the assignment made pursuant to Section 6.1 nor any other provisions hereof shall in any manner be construed to affect the terms and provisions of the Notes, the Credit Agreement or any other Loan DocumentsDocument. Likewise, neither the assignment made pursuant to Section 6.1 nor any other provisions hereof shall in any manner be construed to affect the Liens, rights, titletitles, and remedies herein granted securing the Indebtedness or the liability of Mortgagor therefor. The rights under this Article VI are cumulative of all other rights, remedies, and powers granted under this Deed of Trust and are cumulative of any other security which Mortgagee now holds or may hereafter hold to secure the payment of the Indebtedness.

Appears in 1 contract

Samples: Trust, Security Agreement (Lucas Energy, Inc.)

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No Postponement of Installments on Indebtedness. It is understood and agreed that should such payments provided for by Section 6.1 6.01 be less than the sum or sums then due on the Indebtedness, such sum or sums then due shall nevertheless be paid by Mortgagor in accordance xxxxxxxxxe with the provisions of the Loan Documentsnotes, guaranties or other documents evidencing the Indebtedness, and neither the assignment made pursuant to Section 6.1 6.01 nor any other provisions hereof shall in any manner be construed to affect the terms and provisions of such notes, guaranties or other documents evidencing the Loan DocumentsIndebtedness. Likewise, neither the assignment made pursuant to Section 6.1 6.01 nor any other provisions hereof shall in any manner be construed to affect the Liensliens, rights, title, title and remedies herein granted securing the Indebtedness or the liability of Mortgagor therefortherefore. The rights under this Article VI are cumulative of all other rights, remedies, and powers granted under this Deed of Trust and are cumulative of any other security which Mortgagee now holds or may hereafter hold to secure the payment of the Indebtedness.

Appears in 1 contract

Samples: Fortune Natural Resources Corp

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