Common use of Other Covenants of Grantor Clause in Contracts

Other Covenants of Grantor. Each Grantor agrees that (i) any action or proceeding to enforce this Security Agreement may be taken by the Administrative Agent either in such Grantor’s name or in the Administrative Agent’s name, as the Administrative Agent may deem necessary, and (ii) such Grantor will, until the indefeasible payment in full in cash of the Secured Obligations and the termination or expiration of the Commitments, warrant and defend its title to the Collateral and the interest of the Administrative Agent in the Collateral against any claim or demand of any Persons (other than Permitted Liens) which could reasonably be expected to materially adversely affect such Grantor’s title to, or the Administrative Agent’s right or interest in, such Collateral.

Appears in 4 contracts

Samples: Credit Agreement (Three Forks, Inc.), Subordinated Credit Agreement (Cano Petroleum, Inc), Subordinated Security Agreement (Cano Petroleum, Inc)

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Other Covenants of Grantor. Each Grantor agrees that (i) upon the occurrence and during the continuance of an Event of Default, any action or proceeding to enforce this Security Agreement may be taken by the Administrative Agent either in such Grantor’s name or in the Administrative Agent’s name, as the Administrative Agent may deem necessary, and (ii) such Grantor will, until the indefeasible payment Payment in full in cash Full of the Secured Obligations and the termination or expiration of the CommitmentsObligations, warrant and defend its title to the Collateral and the interest of the Administrative Agent in the Collateral against any claim or demand of any Persons (other than Permitted Liens) which could reasonably be expected to materially adversely affect such Grantor’s title to, or the Administrative Agent’s right or interest in, such Collateral.

Appears in 3 contracts

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

Other Covenants of Grantor. Each Grantor agrees that (i) any action or proceeding to enforce this Security Agreement may be taken by the Administrative Agent either in such Grantor’s name or in the Administrative Agent’s name, as the Administrative Agent may deem necessary, and (ii) such Grantor will, until the indefeasible payment Payment in full in cash Full of the Secured Obligations and the termination or expiration of the CommitmentsObligations, warrant and defend its title to the Collateral and the interest of the Administrative Agent in the Collateral against any claim or demand of any Persons (other than Permitted Liens) which could reasonably be expected to materially adversely affect such Grantor’s title to, or the Administrative Agent’s right or interest in, such Collateral.

Appears in 3 contracts

Samples: Credit Agreement (Berry Petroleum Corp), Credit Agreement (Berry Petroleum Corp), Security Agreement (Berry Petroleum Corp)

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Other Covenants of Grantor. Each Grantor agrees that (i) upon the occurrence and during the continuance of an Event of Default, any action or proceeding to enforce this Security Agreement may be taken by the Administrative Agent either in such Grantor’s name or in the Administrative Agent’s name, as the Administrative Agent may deem necessary, and (ii) such Grantor will, until the indefeasible payment in full in cash of the Secured Obligations and the termination or expiration of the CommitmentsSecurity Termination Date, warrant and defend its title to the Collateral and the interest of the Administrative Agent in the Collateral against any claim or demand of any Persons (other than Permitted Excepted Liens) which could reasonably be expected to materially and adversely affect such Grantor’s title to, or the Administrative Agent’s right or interest in, such Collateral.

Appears in 1 contract

Samples: Revolving Credit Agreement (Seahawk Drilling, Inc.)

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