Common use of Parties Bound; Assignment Clause in Contracts

Parties Bound; Assignment. This Security Agreement shall be binding on Debtor and Debtor’s legal representatives, successors, and assigns and shall inure to the benefit of Secured Party and Secured Party’s successors and assigns. (i) Secured Party is the agent for each Lender under the Credit Agreement and each Affiliate of a Lender party to any Lender Hedging Agreement, the Security Interest and all Rights granted to Secured Party hereunder or in connection herewith are for the ratable benefit of each Lender and each such Affiliate, and Secured Party may, without the joinder of any Lender or any such Affiliate, exercise any and all Rights in favor of Secured Party or Lenders or any such Affiliates hereunder, including, without limitation, conducting any foreclosure sales hereunder, and executing full or partial releases hereof, amendments or modifications hereto, or consents or waivers hereunder. The Rights of each Lender or any such Affiliate vis-à-vis Secured Party and each other Lender or any such Affiliate may be subject to one or more separate agreements between or among such parties, but Debtor need not inquire about any such agreement or be subject to any terms thereof unless Debtor specifically joins therein; and consequently, neither Debtor nor Debtor’s legal representatives, successors, and assigns shall be entitled to any benefits or provisions of any such separate agreements or be entitled to rely upon or raise as a defense, in any manner whatsoever, the failure or refusal of any party thereto to comply with the provisions thereof. (ii) Debtor may not, without the prior written consent of Secured Party, assign any Rights, duties, or obligations hereunder.

Appears in 26 contracts

Samples: Pledge and Security Agreement (Quest Resource Corp), Pledge and Security Agreement (Quest Energy Partners, L.P.), Pledge and Security Agreement (Quest Resource Corp)

AutoNDA by SimpleDocs

Parties Bound; Assignment. This Security Agreement shall be binding on Debtor and Debtor’s heirs, legal representatives, successors, and assigns and shall inure to the benefit of Secured Party and Secured Party’s successors and assigns. (i) Secured Party is the administrative agent for each Lender under the Credit Agreement and each Affiliate of a Lender party to any Lender Hedging Agreement, the Security Interest and all Rights rights granted to Secured Party hereunder or in connection herewith are for the ratable benefit of each Lender and each such AffiliateLender, and Secured Party may, without the joinder of any Lender or any such AffiliateLender, exercise any and all Rights rights in favor of Secured Party or Lenders or any such Affiliates hereunder, including, without limitation, conducting any foreclosure sales hereunder, and executing full or partial releases hereof, amendments or modifications hereto, or consents or waivers hereunder. The Rights rights of each Lender or any such Affiliate vis-àa-vis Secured Party and each other Lender or any such Affiliate may be subject to one or more separate agreements between or among such parties, but Debtor need not inquire about any such agreement or be subject to any terms thereof unless Debtor specifically joins therein; and consequently, neither Debtor nor Debtor’s legal heirs, personal representatives, successors, and assigns shall be entitled to any benefits or provisions of any such separate agreements or be entitled to rely upon or raise as a defense, in any manner whatsoever, the failure or refusal of any party thereto to comply with the provisions thereof. (ii) Debtor may not, without the prior written consent of Secured Party, assign any Rightsrights, duties, or obligations hereunder.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Atlas Energy Resources, LLC), Revolving Credit Agreement (Atlas America Series 27-2006 LP), Revolving Credit Agreement (Atlas Resources Public #16-2007 (B) L.P.)

Parties Bound; Assignment. This Security Pledge Agreement shall be binding on Debtor and Debtor’s 's heirs, legal representatives, successors, and assigns and shall inure to the benefit of Secured Party and Secured Party’s 's successors and assigns. (i) Secured Party is the agent for each Lender under the Credit Agreement and each Affiliate of a Lender party to any Lender Hedging Agreement, the Security Interest and all Rights granted to Secured Party hereunder or in connection herewith are for the ratable benefit of each Lender and each such AffiliateLender, and Secured Party may, without the joinder of any Lender or any such AffiliateLender, exercise any and all Rights in favor of Secured Party or Lenders or any such Affiliates hereunder, including, without limitation, conducting any foreclosure sales hereunder, and executing full or partial releases hereof, amendments or modifications hereto, or consents or waivers hereunder. The Rights of each Lender or any such Affiliate vis-àa-vis Secured Party and each other Lender or any such Affiliate may be subject to one or more separate agreements between or among such parties, but Debtor need not inquire about any such agreement or be subject to any terms thereof unless Debtor specifically joins therein; and consequently, neither Debtor nor Debtor’s legal 's heirs, personal representatives, successors, and assigns shall be entitled to any benefits or provisions of any such separate agreements or be entitled to rely upon or raise as a defense, in any manner whatsoever, the failure or refusal of any party thereto to comply with the provisions thereof. (ii) Debtor may not, without the prior written consent of Secured Party, assign any Rights, duties, or obligations hereunder.

Appears in 2 contracts

Samples: Pledge Agreement (Adelphia Communications Corp), Credit Agreement (Adelphia Communications Corp)

Parties Bound; Assignment. This Security Agreement shall be binding on Debtor and Debtor’s heirs, legal representatives, successors, and assigns and shall inure to the benefit of Secured Party and Secured Party’s successors and assigns. (i) Secured Party is the agent for each Lender under the NMP Credit Agreement and each Affiliate of a Lender party to any Lender Hedging Agreement, the Security Interest and all Rights granted to Secured Party hereunder or in connection herewith are for the ratable benefit of each Lender and each such AffiliateLender, and Secured Party may, without the joinder of any Lender or any such AffiliateLender, exercise any and all Rights in favor of Secured Party or Lenders or any such Affiliates hereunder, including, without limitation, conducting any foreclosure sales hereunder, and executing full or partial releases hereof, amendments or modifications hereto, or consents or waivers hereunder. The Rights of each Lender or any such Affiliate vis-àa-vis Secured Party and each other Lender or any such Affiliate may be subject to one or more separate agreements between or among such parties, but Debtor need not inquire about any such agreement or be subject to any terms thereof unless Debtor specifically joins therein; and consequently, neither Debtor nor Debtor’s legal heirs, personal representatives, successors, and assigns shall be entitled to any benefits or provisions of any such separate agreements or be entitled to rely upon or raise as a defense, in any manner whatsoever, the failure or refusal of any party thereto to comply with the provisions thereof. (ii) Debtor may not, without the prior written consent of Secured Party, assign any Rights, duties, or obligations hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Markwest Hydrocarbon Inc), Credit Agreement (Markwest Energy Partners L P)

Parties Bound; Assignment. This Security Agreement shall be binding on Debtor each Grantor and Debtoreach Grantor’s legal representatives, successors, and assigns and shall inure to the benefit of Secured Party Administrative Agent and Secured Party’s Parties and their respective successors and assigns. (i) Secured Party 6.13.1 Administrative Agent is the agent for each Lender under the Credit Agreement and each Affiliate of a Lender party to any Lender Hedging AgreementSecured Party, the Security Interest and all Rights rights granted to Secured Party Administrative Agent hereunder or in connection herewith are for the ratable benefit of each Lender and each such AffiliateSecured Party, and Secured Party Administrative Agent may, subject to the terms and conditions of the Credit Agreement, without the joinder of any Lender or any such AffiliateSecured Party, exercise any and all Rights rights in favor of Administrative Agent or Secured Party or Lenders or any such Affiliates Parties hereunder, including, without limitation, conducting any foreclosure sales hereunder, and executing full or partial releases hereof, amendments or modifications hereto, or consents or waivers hereunder. The Rights rights of each Lender or any such Affiliate Secured Party vis-à-vis Secured Party Administrative Agent and each other Lender or any such Affiliate Secured Party are subject to the Credit Agreement and may (to the extent permitted under the Credit Agreement) be subject to one or more separate agreements between or among such parties, but Debtor no Grantor need not inquire about any such agreement or be subject to any terms thereof unless Debtor such Grantor specifically joins therein; and consequently, neither Debtor no Grantor nor Debtorany Grantor’s legal representatives, successors, and successors or assigns shall be entitled to any benefits or provisions of any such separate agreements or be entitled to rely upon or raise as a defense, in any manner whatsoever, the failure or refusal of any party thereto to comply with the provisions thereofthereof except to the extent the Borrower’s consent is expressly required under the Credit Agreement to consent to certain amendments thereunder. (ii) Debtor may not6.13.2 No Grantor may, without the prior written consent of Administrative Agent and Secured PartyParties, assign any Rightsof its rights, duties, or obligations hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Suburban Propane Partners Lp), Credit Agreement (Suburban Propane Partners Lp)

Parties Bound; Assignment. This Security Agreement shall be binding on Debtor and Debtor’s heirs, legal representatives, successors, and assigns and shall inure to the benefit of Secured Party and Secured Party’s successors and assigns. (i) Secured Party is the agent for each Lender under the Credit Agreement and each Affiliate of a Lender party to any Lender Hedging Agreement, the Security Interest and all Rights granted to Secured Party hereunder or in connection herewith are for the ratable benefit of each Lender and each such AffiliateLender, and Secured Party may, without the joinder of any Lender or any such AffiliateLender, exercise any and all Rights in favor of Secured Party or Lenders or any such Affiliates hereunder, including, without limitation, conducting any foreclosure sales hereunder, and executing full or partial releases hereof, amendments or modifications hereto, or consents or waivers hereunder. The Rights of each Lender or any such Affiliate vis-àa-vis Secured Party and each other Lender or any such Affiliate may be subject to one or more separate agreements between or among such parties, but Debtor need not inquire about any such agreement or be subject to any terms thereof unless Debtor specifically joins therein; and consequently, neither Debtor nor Debtor’s legal heirs, personal representatives, successors, and assigns shall be entitled to any benefits or provisions of any such separate agreements or be entitled to rely upon or raise as a defense, in any manner whatsoever, the failure or refusal of any party thereto to comply with the provisions thereof. (ii) Debtor may not, without the prior written consent of Secured Party, assign any Rights, duties, or obligations hereunder.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Martin Midstream Partners Lp), Credit Agreement (Martin Midstream Partners Lp)

Parties Bound; Assignment. This Security Agreement shall be binding on Debtor each Grantor and Debtoreach Grantor’s legal representatives, successors, and assigns and shall inure to the benefit of Secured Party Administrative Agent and Secured Party’s Parties and their respective successors and assigns. (ia) Secured Party Administrative Agent is the agent for each Lender under the Credit Agreement and each Affiliate of a Lender party to any Lender Hedging AgreementSecured Party, the Security Interest and all Rights rights granted to Secured Party Administrative Agent hereunder or in connection herewith are for the ratable benefit of each Lender and each such AffiliateSecured Party, and Secured Party Administrative Agent may, subject to the terms and conditions of the Credit Agreement, without the joinder of any Lender or any such AffiliateSecured Party, exercise any and all Rights rights in favor of Administrative Agent or Secured Party or Lenders or any such Affiliates Parties hereunder, including, without limitation, conducting any foreclosure sales hereunder, and executing full or partial releases hereof, amendments or modifications hereto, or consents or waivers hereunder. The Rights rights of each Lender or any such Affiliate Secured Party vis-à-vis Secured Party Administrative Agent and each other Lender or any such Affiliate Secured Party are subject to the Credit Agreement and may (to the extent permitted under the Credit Agreement) be subject to one or more separate agreements between or among such parties, but Debtor no Grantor need not inquire about any such agreement or be subject to any terms thereof unless Debtor such Grantor specifically joins therein; and consequently, neither Debtor no Grantor nor Debtorany Grantor’s legal representatives, successors, and successors or assigns shall be entitled to any benefits or provisions of any such separate agreements or be entitled to rely upon or raise as a defense, in any manner whatsoever, the failure or refusal of any party thereto to comply with the provisions thereofthereof except to the extent the Borrower’s consent is expressly required under the Credit Agreement to consent to certain amendments thereunder. (iib) Debtor may notNo Grantor may, without the prior written consent of Administrative Agent and Secured PartyParties, assign any Rightsof its rights, duties, or obligations hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Suburban Propane Partners Lp), Credit Agreement (Suburban Propane Partners Lp)

Parties Bound; Assignment. This Security Agreement shall be binding on Debtor and Debtor’s 's heirs, legal representatives, successors, and assigns and shall inure to the benefit of Secured Party and Secured Party’s 's successors and assigns. (i) Secured Party is the agent for each Lender under the Credit Agreement and each Affiliate of a Lender party to any Lender Hedging Agreement, the Security Interest and all Rights granted to Secured Party hereunder or in connection herewith are for the ratable benefit of each Lender and each such AffiliateLender, and Secured Party may, without the joinder of any Lender or any such AffiliateLender, exercise any and all Rights in favor of Secured Party or Lenders or any such Affiliates hereunder, including, without limitation, conducting any foreclosure sales hereunder, and executing full or partial releases hereof, amendments or modifications hereto, or consents or waivers hereunder. The Rights of each Lender or any such Affiliate vis-àa-vis Secured Party and each other Lender or any such Affiliate may be subject to one or more separate agreements between or among such parties, but Debtor need not inquire about any such agreement or be subject to any terms thereof unless Debtor specifically joins therein; and consequently, neither Debtor nor Debtor’s legal 's heirs, personal representatives, successors, and assigns shall be entitled to any benefits or provisions of any such separate agreements or be entitled to rely upon or raise as a defense, in any manner whatsoever, the failure or refusal of any party thereto to comply with the provisions thereof. (ii) Debtor may not, without the prior written consent of Secured Party, assign any Rightsrights, duties, or obligations hereunder.

Appears in 2 contracts

Samples: Security Agreement (Digex Inc/De), Quarterly Report (Intermedia Communications Inc)

Parties Bound; Assignment. This Security Agreement shall be binding on Debtor each Grantor and Debtoreach Grantor’s legal representatives, successors, successors and assigns and shall inure to the benefit of Secured Party Collateral Agent and Secured Party’s Parties and their respective successors and assigns. (i) Secured Party 6.11.1. Collateral Agent is the agent for each Lender under the Credit Agreement and each Affiliate of a Lender party to any Lender Hedging AgreementSecured Party, the Security Interest and all Rights rights granted to Secured Party Collateral Agent hereunder or in connection herewith are for the ratable benefit of each Lender and each such AffiliateSecured Party, and Secured Party Collateral Agent may, subject to the terms and conditions of the Intercreditor Agreement, without the joinder of any Lender or any such AffiliateSecured Party, exercise any and all Rights rights in favor of Collateral Agent or Secured Party or Lenders or any such Affiliates Parties hereunder, including, without limitation, conducting any foreclosure sales hereunder, and executing full or partial releases hereof, amendments or modifications hereto, or consents or waivers hereunder. The Rights rights of each Lender or any such Affiliate Secured Party vis-à-vis Secured Party Collateral Agent and each other Lender or any such Affiliate Secured Party are subject to the Intercreditor Agreement and may (to the extent permitted under the Intercreditor Agreement) be subject to one or more separate agreements between or among such parties, but Debtor no Grantor need not inquire about any such agreement or be subject to any terms thereof unless Debtor such Grantor specifically joins therein; and consequently, neither Debtor except as may be expressly provided therein, no Grantor nor Debtorany Grantor’s legal representatives, successors, and successors or assigns shall be entitled to any benefits or provisions of any such separate agreements or be entitled to rely upon or raise as a defense, in any manner whatsoever, the failure or refusal of any party thereto to comply with the provisions thereofthereof except to the extent the Borrower’s consent is expressly required under the Intercreditor Agreement to consent to certain amendments thereunder. (ii) Debtor may not6.11.2. No Grantor may, without the prior written consent of Collateral Agent and Secured PartyParties, assign any Rightsof its rights, duties, or obligations hereunder.

Appears in 2 contracts

Samples: Pledge, Assignment, and Security Agreement (Allied Capital Corp), Pledge, Assignment, and Security Agreement (Allied Capital Corp)

Parties Bound; Assignment. This Security Agreement shall be binding on Debtor and Debtor’s 's heirs, legal representatives, successors, and assigns and shall inure to the benefit of Secured Party and Secured Party’s 's successors and assigns. (i) Secured Party is the agent for each Lender under the Credit Agreement and each Affiliate of a Lender party to any Lender Hedging Agreement, the Security Interest and all Rights granted to Secured Party hereunder or in connection herewith are for the ratable benefit of each Lender and each such AffiliateLender, and Secured Party may, without the joinder of any Lender or any such AffiliateLender, exercise any and all Rights in favor of Secured Party or Lenders or any such Affiliates hereunder, including, without limitation, conducting any foreclosure sales hereunder, and executing full or partial releases hereof, amendments or modifications hereto, or consents or waivers hereunder. The Rights of each Lender or any such Affiliate visVIS-àA-vis VIS Secured Party and each other Lender or any such Affiliate may be subject to one or more separate agreements between or among such parties, but Debtor need not inquire about any such agreement or be subject to any terms thereof unless Debtor specifically joins therein; and consequently, neither Debtor nor Debtor’s legal 's heirs, personal representatives, successors, and assigns shall be entitled to any benefits or provisions of any such separate agreements or be entitled to rely upon or raise as a defense, in any manner whatsoever, the failure or refusal of any party thereto to comply with the provisions thereof. (ii) Debtor may not, without the prior written consent of Secured Party, assign any Rights, duties, or obligations hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Dobson Sygnet Communications Co), Credit Agreement (Dobson Communications Corp)

Parties Bound; Assignment. This Security Agreement shall be binding on Debtor and Debtor’s legal representatives, successors, and assigns and shall inure to the benefit of Secured Party and Secured Party’s successors and permitted assigns. (i) Secured Party is the agent for each Lender Beneficiary under the Credit Agreement and each Affiliate of a Lender party to any Lender Hedging Intercreditor Agreement, the . The Security Interest and all Rights granted to Secured Party hereunder or in connection herewith are for the ratable benefit of each Lender and each such AffiliateBeneficiary, and Secured Party may, without the joinder of any Lender or any such AffiliateBeneficiary, exercise any and all Rights in favor of Secured Party or Lenders or any such Affiliates Beneficiary hereunder, including, without limitation, conducting any foreclosure sales hereunder, and executing full or partial releases hereof, amendments or modifications hereto, or consents or waivers hereunder. The Rights of each Lender or any such Affiliate Beneficiary vis-à-vis Secured Party and each other Lender or any such Affiliate Beneficiary may be subject to one or more separate agreements between or among such parties, but Debtor need not inquire about any such agreement or be subject to any terms thereof unless Debtor specifically joins therein; and consequently, neither Debtor nor Debtor’s legal representatives, successors, and assigns shall be entitled to any benefits or provisions of any such separate agreements or be entitled to rely upon or raise as a defense, in any manner whatsoever, the failure or refusal of any party thereto to comply with the provisions thereof. (ii) Except for this Security Agreement and assignments made in furtherance hereof, Debtor may not, without the prior written consent of Secured Party, assign any Rights, duties, or obligations hereunder.

Appears in 2 contracts

Samples: Pledge and Security Agreement (PostRock Energy Corp), Pledge and Security Agreement (PostRock Energy Corp)

Parties Bound; Assignment. This Security Agreement shall be binding on each Debtor and each of Debtor’s legal representatives, successors, and assigns and shall inure to the benefit of Secured Party and Secured Party’s successors and permitted assigns. (i) Secured Party is the agent for each Lender Beneficiary under the Intercreditor Agreement, each Borrowing Base Facility Secured Party under the Borrowing Base Facility Credit Agreement and each Affiliate of a Borrowing Base Facility Lender and Approved Hedge Counterparty party to any Lender Hedging Agreement, the . The Security Interest and all Rights granted to Secured Party hereunder or in connection herewith are for the ratable benefit of each Lender Beneficiary, each Borrowing Base Facility Secured Party and each such Affiliate, and Secured Party may, without the joinder of any Lender Beneficiary, Borrowing Base Facility Secured Party or any such Affiliate, exercise any and all Rights in favor of Secured Party or Lenders any Beneficiary, any Borrowing Base Facility Secured Party or any such Affiliates hereunder, including, without limitation, conducting any foreclosure sales hereunder, and executing full or partial releases hereof, amendments or modifications hereto, or consents or waivers hereunder. The Rights of each Lender Beneficiary, Borrowing Base Facility Secured Party or any such Affiliate vis-à-vis Secured Party and each other Lender Beneficiary, Borrowing Base Facility Secured Party or any such Affiliate may be subject to one or more separate agreements between or among such parties, but no Debtor need not inquire about any such agreement or be subject to any terms thereof unless such Debtor specifically joins therein; and consequently, neither no Debtor nor such Debtor’s legal representatives, successors, and assigns shall be entitled to any benefits or provisions of any such separate agreements or be entitled to rely upon or raise as a defense, in any manner whatsoever, the failure or refusal of any party thereto to comply with the provisions thereof. (ii) Except for this Security Agreement and assignments made in furtherance hereof, no Debtor may notmay, without the prior written consent of Secured Party, assign any Rights, duties, or obligations hereunder.

Appears in 1 contract

Samples: Pledge and Security Agreement (PostRock Energy Corp)

Parties Bound; Assignment. This Security Agreement shall be binding on Debtor each Grantor and Debtoreach Grantor’s legal representatives, successors, and assigns and shall inure to the benefit of Secured Party Administrative Agent and Secured Party’s Parties and their respective successors and assigns. (i) Secured Party 6.13.1 Administrative Agent is the agent for each Lender under the Credit Agreement and each Affiliate of a Lender party to any Lender Hedging AgreementSecured Party, the Security Interest and all Rights rights granted to Secured Party Administrative Agent hereunder or in connection herewith are for the ratable benefit of each Lender and each such AffiliateSecured Party, and Secured Party Administrative Agent may, subject to the terms and conditions of the Credit Agreement, without the joinder of any Lender or any such AffiliateSecured Party, exercise any and all Rights rights in favor of Administrative Agent or Secured Party or Lenders or any such Affiliates Parties hereunder, including, without limitation, conducting any foreclosure sales hereunder, and executing full or partial releases hereof, amendments or modifications hereto, or consents or waivers hereunder. The Rights rights of each Lender or any such Affiliate Secured Party vis-à-vis Secured Party à -vis Administrative Agent and each other Lender or any such Affiliate Secured Party are subject to the Credit Agreement and may (to the extent permitted under the Credit Agreement) be subject to one or more separate agreements between or among such parties, but Debtor no Grantor need not inquire about any such agreement or be subject to any terms thereof unless Debtor such Grantor specifically joins therein; and consequently, neither Debtor no Grantor nor Debtorany Grantor’s legal representatives, successors, and successors or assigns shall be entitled to any benefits or provisions of any such separate agreements or be entitled to rely upon or raise as a defense, in any manner whatsoever, the failure or refusal of any party thereto to comply with the provisions thereofthereof except to the extent the Borrower’s consent is expressly required under the Credit Agreement to consent to certain amendments thereunder. (ii) Debtor may not6.13.2 No Grantor may, without the prior written consent of Administrative Agent and Secured PartyParties, assign any Rightsof its rights, duties, or obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Suburban Propane Partners Lp)

AutoNDA by SimpleDocs

Parties Bound; Assignment. This Security Agreement shall be binding on Debtor and Debtor’s Xxxxxx's heirs, legal representatives, successors, and assigns and shall inure to the benefit of Secured Party and Secured Party’s 's successors and assigns. (i) Secured Party is the agent for each Lender under the Credit Agreement and each Affiliate of a Lender party to any Lender Hedging Agreement, the Security Interest and all Rights granted to Secured Party hereunder or in connection herewith are for the ratable benefit of each Lender and each such AffiliateLender, and Secured Party may, without the joinder of any Lender or any such AffiliateLender, exercise any and all Rights in favor of Secured Party or Lenders or any such Affiliates hereunder, including, without limitation, conducting any foreclosure sales hereunder, and executing full or partial releases hereof, amendments or modifications hereto, or consents or waivers hereunder. The Rights of each Lender or any such Affiliate vis-àa-vis Secured Party and each other Lender or any such Affiliate may be subject to one or more separate agreements between or among such parties, but Debtor need not inquire about any such agreement or be subject to any terms thereof unless Debtor specifically joins therein; and consequently, neither Debtor nor Debtor’s legal 's heirs, personal representatives, successors, and assigns shall be entitled to any benefits or provisions of any such separate agreements or be entitled to rely upon or raise as a defense, in any manner whatsoever, the failure or refusal of any party thereto to comply with the provisions thereof. (ii) Debtor may not, without the prior written consent of Secured Party, assign any Rights, duties, or obligations hereunder.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Dobson Communications Corp)

Parties Bound; Assignment. This Security Agreement shall be binding on each Debtor and each of Debtor’s legal representatives, successors, and assigns and shall inure to the benefit of Secured Party and Secured Party’s successors and permitted assigns. (i) Secured Party is the agent for each Lender Beneficiary under the Intercreditor Agreement, each Borrowing Base Facility Secured Party under the Credit Agreement and each Affiliate of a Lender and Approved Hedge Counterparty party to any Lender Hedging Agreement, the . The Security Interest and all Rights granted to Secured Party hereunder or in connection herewith are for the ratable benefit of each Lender Beneficiary, each Borrowing Base Facility Secured Party and each such Affiliate, and Secured Party may, without the joinder of any Lender Beneficiary, Borrowing Base Facility Secured Party or any such Affiliate, exercise any and all Rights in favor of Secured Party or Lenders any Beneficiary, any Borrowing Base Facility Secured Party or any such Affiliates hereunder, including, without limitation, conducting any foreclosure sales hereunder, and executing full or partial releases hereof, amendments or modifications hereto, or consents or waivers hereunder. The Rights of each Lender Beneficiary, Borrowing Base Facility Secured Party or any such Affiliate vis-à-vis Secured Party and each other Lender Beneficiary, Borrowing Base Facility Secured Party or any such Affiliate may be subject to one or more separate agreements between or among such parties, but no Debtor need not inquire about any such agreement or be subject to any terms thereof unless such Debtor specifically joins therein; and consequently, neither no Debtor nor such Debtor’s legal representatives, successors, and assigns shall be entitled to any benefits or provisions of any such separate agreements or be entitled to rely upon or raise as a defense, in any manner whatsoever, the failure or refusal of any party thereto to comply with the provisions thereof. (ii) Except for this Security Agreement and assignments made in furtherance hereof, no Debtor may notmay, without the prior written consent of Secured Party, assign any Rights, duties, or obligations hereunder.

Appears in 1 contract

Samples: Pledge and Security Agreement (PostRock Energy Corp)

Parties Bound; Assignment. This Security Agreement shall be binding on [each] Debtor and [each] Debtor’s 's heirs, legal representatives, successors, and assigns and shall inure to the benefit of Secured Party and Secured Party’s 's successors and assigns. (i) Secured Party is the agent for each Lender under the Credit Agreement and each Affiliate of a Lender party to any Lender Hedging Agreement, the Security Interest and all Rights granted to Secured Party hereunder or in connection herewith are for the ratable benefit of each Lender and each such AffiliateLender, and Secured Party may, without the joinder of any Lender or any such AffiliateLender, exercise any and all Rights in favor of Secured Party or Lenders or any such Affiliates hereunder, including, without limitation, conducting any foreclosure sales hereunder, and executing full or partial releases hereof, amendments or modifications hereto, or consents or waivers hereunder. The Rights of each Lender or any such Affiliate vis-àa-vis Secured Party and each other Lender or any such Affiliate may be subject to one or more separate agreements between or among such parties, but [no] Debtor need not [not] inquire about any such agreement or be subject to any terms thereof unless [such] Debtor specifically joins therein; and consequently, neither [any] Debtor nor [any] Debtor’s legal 's heirs, personal representatives, successors, and assigns shall be entitled to any benefits or provisions of any such separate agreements or be entitled to rely upon or raise as a defense, in any manner whatsoever, the failure or refusal of any party thereto to comply with the provisions thereof. (ii) [No] Debtor may [not], without the prior written consent of Secured Party, assign any Rights, duties, or obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Dobson Communications Corp)

Parties Bound; Assignment. This Security Agreement shall be binding on Debtor and Debtor’s legal representatives, successors, and assigns and shall inure to the benefit of Secured Party and Secured Party’s successors and permitted assigns. (i) Secured Party is the agent for each the Lender under the Credit Agreement and each Affiliate of a Lender party to any Lender Hedging Agreement, the . The Security Interest and all Rights granted to Secured Party hereunder or in connection herewith are for the ratable benefit of each Lender and each such Affiliatethe Lender, and Secured Party may, without the joinder of any Lender or any such Affiliatethe Lender, exercise any and all Rights in favor of Secured Party or Lenders or any such Affiliates Lender hereunder, including, without limitation, conducting any foreclosure sales hereunder, and executing full or partial releases hereof, amendments or modifications hereto, or consents or waivers hereunder. The Rights of each the Lender or any such Affiliate vis-à-vis Secured Party and each other Lender or any such Affiliate may be subject to one or more separate agreements between or among such parties, but Debtor need not inquire about any such agreement or be subject to any terms thereof unless Debtor specifically joins therein; and consequently, neither Debtor nor Debtor’s legal representatives, successors, and assigns shall be entitled to any benefits or provisions of any such separate agreements or be entitled to rely upon or raise as a defense, in any manner whatsoever, the failure or refusal of any party thereto to comply with the provisions thereof. (ii) Except for this Security Agreement and assignments made in furtherance hereof, Debtor may not, without the prior written consent of Secured Party, assign any Rights, duties, or obligations hereunder.

Appears in 1 contract

Samples: Pledge and Security Agreement (PostRock Energy Corp)

Parties Bound; Assignment. This Security Pledge Agreement shall be binding on [each] Debtor and [each] Debtor’s 's heirs, legal representatives, successors, and assigns and shall inure to the benefit of Secured Party and Secured Party’s 's successors and assigns. (i) Secured Party is the agent for each Lender under the Credit Agreement and each Affiliate of a Lender party to any Lender Hedging Agreement, the Security Interest and all Rights granted to Secured Party hereunder or in connection herewith are for the ratable benefit of each Lender and each such AffiliateLender, and Secured Party may, without the joinder of any Lender or any such AffiliateLender, exercise any and all Rights in favor of Secured Party or Lenders or any such Affiliates hereunder, including, without limitation, conducting any foreclosure sales hereunder, and executing full or partial releases hereof, amendments or modifications hereto, or consents or waivers hereunder. The Rights of each Lender or any such Affiliate vis-àa-vis Secured Party and each other Lender or any such Affiliate may be subject to one or more separate agreements between or among such parties, but [no] Debtor need not [not] inquire about any such agreement or be subject to any terms thereof unless [such] Debtor specifically joins therein; and consequently, neither [any] Debtor nor [any] Debtor’s legal 's heirs, personal representatives, successors, and assigns shall be entitled to any benefits or provisions of any such separate agreements or be entitled to rely upon or raise as a defense, in any manner whatsoever, the failure or refusal of any party thereto to comply with the provisions thereof. (ii) [No] Debtor may [not], without the prior written consent of Secured Party, assign any Rights, duties, or obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Adelphia Communications Corp)

Parties Bound; Assignment. This Security Agreement shall be binding on Debtor and Debtor’s heirs, legal representatives, successors, and assigns and shall inure to the benefit of Secured Party and Secured Party’s successors and assigns. (i) Secured Party is the agent for each Lender under the Credit Agreement and each Affiliate of a Lender party to any Lender Hedging Agreement, the Security Interest and all Rights granted to Secured Party hereunder or in connection herewith are for the ratable benefit of each Lender and each such Affiliate, and Secured Party may, without the joinder of any Lender or any such Affiliate, exercise any and all Rights in favor of Secured Party or Lenders or any such Affiliates hereunder, including, without limitation, conducting any foreclosure sales hereunder, and executing full or partial releases hereof, amendments or modifications hereto, or consents or waivers hereunder. The Rights of each Lender or any such Affiliate vis-à-vis Secured Party and each other Lender or any such Affiliate may be subject to one or more separate agreements between or among such parties, but Debtor need not inquire about any such agreement or be subject to any terms thereof unless Debtor specifically joins therein; and consequently, neither Debtor nor Debtor’s legal representatives, successors, and assigns shall be entitled to any benefits or provisions of any such separate agreements or be entitled to rely upon or raise as a defense, in any manner whatsoever, the failure or refusal of any party thereto to comply with the provisions thereof. (ii) Debtor may not, without the prior written consent of Secured Party, assign any Rights, duties, or obligations hereunder.

Appears in 1 contract

Samples: Pledge and Security Agreement (Allis Chalmers Energy Inc.)

Parties Bound; Assignment. This Security Pledge Agreement shall be binding on Debtor and Debtor’s Xxxxxx's heirs, legal representatives, successors, and assigns and shall inure to the benefit of Secured Party and Secured Party’s 's successors and assigns. (i) Secured Party is the agent for each Lender under the Credit Agreement and each Affiliate of a Lender party to any Lender Hedging Agreement, the Security Interest and all Rights granted to Secured Party hereunder or in connection herewith are for the ratable benefit of each Lender and each such AffiliateLender, and Secured Party may, without the joinder of any Lender or any such AffiliateLender, exercise any and all Rights in favor of Secured Party or Lenders or any such Affiliates hereunder, including, without limitation, conducting any foreclosure sales hereunder, and executing full or partial releases hereof, amendments or modifications hereto, or consents or waivers hereunder. The Rights of each Lender or any such Affiliate vis-àa-vis Secured Party and each other Lender or any such Affiliate may be subject to one or more separate agreements between or among such parties, but Debtor need not inquire about any such agreement or be subject to any terms thereof unless Debtor specifically joins therein; and consequently, neither Debtor nor Debtor’s legal Xxxxxx's heirs, personal representatives, successors, and assigns shall be entitled to any benefits or provisions of any such separate agreements or be entitled to rely upon or raise as a defense, in any manner whatsoever, the failure or refusal of any party thereto to comply with the provisions thereof. (ii) Debtor may not, without the prior written consent of Secured Party, assign any Rights, duties, or obligations hereunder.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Dobson Communications Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!