Notification of Release of Collateral. Each of the Priority Lien Agent, the Second Lien Collateral Trustee and the Third Lien Collateral Trustee shall give the other Secured Debt Representatives prompt written notice of the Disposition by it of, and Release by it of the Lien on, any Collateral. Such notice shall describe in reasonable detail the subject Collateral, the parties involved in such Disposition or Release, the place, time, manner and method thereof, and the consideration, if any, received therefor; provided, however, that the failure to give any such notice shall not in and of itself in any way impair the effectiveness of any such Disposition or Release.
Appears in 4 contracts
Samples: Intercreditor Agreement (SM Energy Co), Intercreditor Agreement (Chesapeake Energy Corp), Intercreditor Agreement (Linn Energy, LLC)
Notification of Release of Collateral. Each of the Priority Lien Agent, the Second Lien Collateral Trustee and the Third Lien Collateral Trustee shall give the other Secured Debt Representatives prompt written notice of the Disposition by it of, and Release by it of the Lien on, any Collateral. Such notice shall describe in reasonable detail the subject Collateral, the parties involved in such Disposition or Release, the place, time, time manner and method thereof, and the consideration, if any, received therefor; provided, however, that the failure to give any such notice shall not in and of itself in any way impair the effectiveness of any such Disposition or Release.
Appears in 4 contracts
Samples: Term Loan Credit Agreement (W&t Offshore Inc), Intercreditor Agreement (W&t Offshore Inc), Intercreditor Agreement (Halcon Resources Corp)
Notification of Release of Collateral. Each of the Priority Lien Agent, Agent and the Second Lien Collateral Trustee and the Third Lien Collateral Trustee Agent shall give the other Secured Debt Representatives prompt written notice of the Disposition by it of, and Release by it of the Lien on, any Collateral. Such notice shall describe in reasonable detail the subject Collateral, the parties involved in such Disposition or Release, the place, time, time manner and method thereof, and the consideration, if any, received therefor; provided, however, that the failure to give any such notice shall not in and of itself in any way impair the effectiveness of any such Disposition or Release.. Active.18117613.5
Appears in 2 contracts
Samples: Credit Agreement, Credit Agreement (California Resources Corp)
Notification of Release of Collateral. Each of the Priority Lien Agent, the Second Lien Collateral Trustee and the Third Lien Collateral Trustee shall give the other Secured Debt Representatives prompt written notice of the Disposition by it of, and Release release by it of the Lien on, any Collateral. Such notice shall describe in reasonable detail the subject Collateral, the parties involved in such Disposition or Releaserelease, the place, time, manner and method thereof, and the consideration, if any, received therefor; provided, however, that the failure to give any such notice shall not in and of itself in any way impair the effectiveness of any such Disposition or Releaserelease.
Appears in 2 contracts
Samples: Credit Agreement (Gulfport Energy Corp), Intercreditor Agreement (Denbury Resources Inc)
Notification of Release of Collateral. Each of the Priority Lien Agent, Agent and the Second Lien Collateral Trustee and the Third Lien Collateral Trustee Agent shall give the other Secured Debt Representatives prompt written notice of the Disposition by it of, and Release release by it of the Lien on, any Collateral. Such notice shall describe in reasonable detail the subject Collateral, the parties involved in such Disposition or Releaserelease, the place, time, time manner and method thereof, and the consideration, if any, received therefor; provided, however, that the failure to give any such notice shall not in and of itself in any way impair the effectiveness of any such Disposition or Releaserelease.
Appears in 1 contract
Samples: Intercreditor Agreement (Vanguard Natural Resources, LLC)
Notification of Release of Collateral. Each of the Priority Lien Agent, the Second Lien Collateral Trustee Agent and the Third Lien Collateral Trustee Agent shall give the other Secured Debt Representatives prompt written notice of the Disposition by it of, and Release release by it of the Lien on, any Collateral. Such notice shall describe in reasonable detail the subject Collateral, the parties involved in such Disposition or Release, the place, time, time manner and method thereof, and the consideration, if any, received therefor; provided, however, that the failure to give any such notice shall not in and of itself in any way impair the effectiveness of any such Disposition or Release.
Appears in 1 contract
Samples: Intercreditor Agreement (Midstates Petroleum Company, Inc.)
Notification of Release of Collateral. Each of the Priority Lien Agent, the Second Lien Collateral Trustee Agent and the Third Lien Subordinated Collateral Trustee shall give the other Secured Debt Representatives prompt written notice of the Disposition by it of, and Release by it of the Lien on, any Collateral. Such notice shall describe in reasonable detail the subject Collateral, the parties involved in such Disposition or Release, the place, time, manner and method thereof, and the consideration, if any, received therefor; provided, however, that the failure to give any such notice shall not in and of itself in any way impair the effectiveness of any such Disposition or Release.
Appears in 1 contract
Samples: Intercreditor and Subordination Agreement (Sandridge Energy Inc)
Notification of Release of Collateral. Each of the Priority Lien Agent, the Second Lien Collateral Trustee Agent and the Third Lien Collateral Trustee Agent shall give the other Secured Debt Representatives prompt written notice of the Disposition by it of, and Release by it of the Lien on, any Collateral. Such notice shall describe in reasonable detail the subject Collateral, the parties involved in such Disposition or Release, the place, time, time manner and method thereof, and the consideration, if any, received therefor; provided, however, that the failure to give any such notice shall not in and of itself in any way impair the effectiveness of any such Disposition or Release.
Appears in 1 contract
Samples: Credit Agreement (Centennial Resource Development, Inc.)
Notification of Release of Collateral. Each of the Priority Lien Agent, the Second Lien Collateral Trustee Agent and the Third Junior Lien Collateral Trustee Representative shall give prompt written notice to the other Secured Debt Representatives prompt written notice of the Disposition by it of, and Release by it release of the Lien on, any Collateral. Such notice shall describe in reasonable detail the subject Collateral, the parties involved in such Disposition or Releaserelease, the place, time, time manner and method thereof, and the consideration, if any, received therefor; provided, however, that the failure to give any such notice shall not in and of itself in any way impair the effectiveness of any such Disposition or Releaserelease.
Appears in 1 contract
Samples: Second Lien Collateral Trust Agreement (CSI Compressco LP)
Notification of Release of Collateral. Each of the Priority Lien Agent, the Second Lien Collateral Trustee and the Third Lien Collateral Trustee shall give the other Secured Debt Representatives prompt written notice of the Disposition by it of, and Release release by it of the Lien on, any Collateral. Such notice shall describe in reasonable detail the subject Collateral, the parties involved in such Disposition or Releaserelease, the place, time, manner and method thereof, and the consideration, if any, received therefor; provided, however, that the failure to give any such notice shall not in and of itself in any way impair the effectiveness of any such Disposition or Release.release. 5279325v2
Appears in 1 contract
