Common use of No Restriction on the Rights Clause in Contracts

No Restriction on the Rights. Nothing herein contained shall detract from or limit the absolute obligation of the Mortgagor to make payment of the Secured Indebtedness regardless of whether the Hydrocarbons and Proceeds assigned by this Article V are sufficient to pay the same, and the rights under this Article V shall be in addition to all other security now or hereafter existing to secure the payment of the Secured Indebtedness.

Appears in 4 contracts

Samples: Credit Agreement (Lilis Energy, Inc.), Mortgage, Security Agreement (Lilis Energy, Inc.), Mortgage, Security Agreement (Lilis Energy, Inc.)

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No Restriction on the Rights. Nothing herein contained shall detract from or limit the absolute obligation of the Mortgagor to make payment of the Secured Indebtedness regardless of whether the Hydrocarbons and Hydrocarbon Proceeds assigned by this Article V are sufficient to pay the same, and the rights under this Article V shall be in addition to all other security now or hereafter existing to secure the payment of the Secured Indebtedness.

Appears in 2 contracts

Samples: Mortgage, Security Agreement (Lilis Energy, Inc.), Mortgage, Security Agreement (Lilis Energy, Inc.)

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