Common use of Purchase Money Collateral Clause in Contracts

Purchase Money Collateral. To the extent that Secured Party or any Lender has advanced or will advance funds to or for the account of Debtor to enable Debtor to purchase or otherwise acquire Rights in Collateral, Secured Party or such Lender, at its option, may pay such funds (i) directly to the Person from whom Debtor will make such purchase or acquire such Rights, or (ii) to Debtor, in which case Debtor covenants to promptly pay the same to such Person, and forthwith furnish to Secured Party evidence satisfactory to Secured Party that such payment has been made from the funds so provided.

Appears in 24 contracts

Samples: Security Agreement (Quest Energy Partners, L.P.), Security Agreement (Quest Energy Partners, L.P.), Security Agreement (Markwest Hydrocarbon Inc)

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Purchase Money Collateral. To the extent that Secured Party or any Lender has advanced or will advance funds to or for the account of Debtor to enable Debtor to purchase or otherwise acquire Rights rights in Collateral, Secured Party or such Lender, at its option, may pay such funds (i) directly to the Person from whom Debtor will make such purchase or acquire such Rightsrights, or (ii) to Debtor, in which case Debtor covenants to promptly pay the same to such Person, and forthwith furnish to Secured Party evidence satisfactory to Secured Party that such payment has been made from the funds so provided.

Appears in 5 contracts

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

Purchase Money Collateral. To the extent that the Secured Party or any Lender has advanced or will advance funds to or for the account of the Debtor to enable the Debtor to purchase or otherwise acquire Rights rights in any Collateral, the Secured Party or such LenderParty, at its option, may pay such funds (ia) directly to the Person from for whom the Debtor will make such purchase or acquire such Rightsrights, or (iib) to the Debtor, in which case the Debtor covenants to promptly pay the same to such Person, and forthwith and, upon request, furnish to the Secured Party evidence satisfactory to the Secured Party that such payment has been made from the funds so providedprovided by the Secured Party for such payment.

Appears in 4 contracts

Samples: Security and Control Agreement (Lilis Energy, Inc.), Security Agreement (Starboard Resources, Inc.), Security Agreement (Starboard Resources, Inc.)

Purchase Money Collateral. To the extent that Secured Party or any Lender has advanced or will advance funds to or for the account of Debtor to enable Debtor to purchase or otherwise acquire Rights in Collateral, Secured Party or such Lender, at its option, may pay such funds (i) directly to the Person from whom Debtor will make such purchase or acquire such Rights, or (ii) to Debtor, in which case Debtor covenants to promptly pay the same to such QCOS Pledge and Security Agreement Person, and forthwith furnish to Secured Party evidence satisfactory to Secured Party that such payment has been made from the funds so provided.

Appears in 2 contracts

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

Purchase Money Collateral. To the extent that Secured Party party or any Lender lender has advanced or will advance funds to or for the account of Debtor to enable Debtor to purchase or otherwise acquire Rights rights in Collateral, Secured Party or such Lenderlender, at its option, may pay such funds (i) directly to the Person person from whom the Debtor will make such purchase or acquire such Rightsrights, or (ii) to Debtor, in which case Debtor covenants to promptly pay the same to such Personperson, and forthwith furnish to the Secured Party evidence satisfactory to Secured Party that such payment has been made from the funds so provided.

Appears in 2 contracts

Samples: Security Agreement (STW Resources Holding Corp.), Security Agreement (STW Resources Holding Corp.)

Purchase Money Collateral. To the extent that Secured Party or any Lender has advanced or will advance funds to or for the account of Debtor to enable Debtor to purchase or otherwise acquire Rights in Collateral, Secured Party or such LenderParty, at its option, may pay such funds (i) directly to the Person from whom Debtor will make such purchase or acquire such Rights, or (ii) to Debtor, in which case Debtor covenants to promptly pay the same to such Person, and forthwith furnish to Secured Party evidence satisfactory to Secured Party that such payment has been made from the funds so provided.

Appears in 1 contract

Samples: , and Consolidated Credit Agreement (Bank of America Corp /De/)

Purchase Money Collateral. To the extent that Secured Party or any Lender has advanced or will advance funds to or for the account of Debtor to enable Debtor to purchase or otherwise acquire Rights in Collateral, Secured Party or such Lender, at its option, may pay such funds (i) directly to the Person from whom Debtor will make such purchase or acquire such Rights, or (ii) to Debtor, in which case Debtor covenants to promptly pay the same to such QES Pledge and Security Agreement Person, and forthwith furnish to Secured Party evidence satisfactory to Secured Party that such payment has been made from the funds so provided.

Appears in 1 contract

Samples: Security Agreement (Quest Resource Corp)

Purchase Money Collateral. To the extent that Secured Party or any the Lender has advanced or will advance funds to or for the account of Debtor to enable Debtor to purchase or otherwise acquire Rights in Collateral, Secured Party or such the Lender, at its option, may pay such funds (i) directly to the Person from whom Debtor will make such purchase or acquire such Rights, or (ii) to Debtor, in which case Debtor covenants to promptly pay the same to such Person, and forthwith furnish to Secured Party evidence satisfactory to Secured Party that such payment has been made from the funds so provided.

Appears in 1 contract

Samples: Security Agreement (PostRock Energy Corp)

Purchase Money Collateral. To the extent that Secured Party or any Lender has advanced or will advance funds to or for the account of Debtor to enable Debtor to purchase or otherwise acquire Rights in Collateral, Secured Party or such Lender, at its option, may pay such funds (i) directly to the Person from whom Debtor will make such purchase or acquire such Rights, or (ii) to Debtor, in which case Debtor covenants to promptly pay the same to such QO&G Pledge and Security Agreement Person, and forthwith furnish to Secured Party evidence satisfactory to Secured Party that such payment has been made from the funds so provided.

Appears in 1 contract

Samples: Security Agreement (Quest Resource Corp)

Purchase Money Collateral. To the extent that any Secured Party or any Lender has advanced or will advance funds to or for the account of any Debtor to enable such Debtor to purchase or otherwise acquire Rights in Collateral, such Secured Party or such LenderParty, at its option, may pay such funds (i) directly to the Person from whom such Debtor will make such purchase or acquire such Rights, or (ii) to such Debtor, in which case such Debtor covenants to promptly pay the same to such Person, and forthwith furnish to Secured Party the Collateral Agent evidence satisfactory to Secured Party the Lead Holder and the Collateral Agent that such payment has been made from the funds so provided.

Appears in 1 contract

Samples: Security Agreement (Breitburn Energy Partners LP)

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Purchase Money Collateral. To the extent that Secured Party or any Lender has advanced or will advance funds to or for the account of any Debtor to enable such Debtor to purchase or otherwise acquire Rights in Collateral, Secured Party or such Lender, at its option, may pay such funds (i) directly to the Person from whom such Debtor will make such purchase or acquire such Rights, or (ii) to such Debtor, in which case such Debtor covenants to promptly pay the same to such Person, and forthwith furnish to Secured Party evidence satisfactory to Secured Party that such payment has been made from the funds so provided.

Appears in 1 contract

Samples: Security Agreement (AMERICAN EAGLE ENERGY Corp)

Purchase Money Collateral. To the extent that Secured Party or any Lender has advanced or ------------------------- will advance funds to or for the account of Debtor Debtors to enable Debtor Debtors to purchase or otherwise acquire Rights rights in Collateral, Secured Party or such LenderParty, at its option, may pay such funds (i) directly to the Person from whom Debtor Debtors will make such purchase or acquire such Rights, or (ii) to DebtorDebtors, in which case Debtor Debtors covenants to promptly pay the same to such Person, and forthwith furnish to Secured Party evidence satisfactory to Secured Party that such payment has been made from the funds so providedprovided by Secured Party for such payment.

Appears in 1 contract

Samples: Security and Pledge Agreement (Vialink Co)

Purchase Money Collateral. To the extent that Secured Party or any Lender has advanced or will advance funds to or for the account of Debtor to enable Debtor to purchase or otherwise acquire Rights rights in Collateral, Secured Party or such LenderParty, at its option, may pay such funds (i) directly to the Person from whom Debtor will make such purchase or acquire such Rightsrights, or (ii) to Debtor, in which case Debtor covenants to promptly pay the same to such Person, and forthwith furnish to Secured Party evidence satisfactory to Secured Party that such payment has been made from the funds so providedprovided by Secured Party for such payment.

Appears in 1 contract

Samples: Securities Purchase Agreement (Internet America Inc)

Purchase Money Collateral. To the extent that Secured Party or any Lender has advanced or will advance funds to or for the account of Debtor to enable Debtor to purchase or otherwise acquire Rights in Collateral, Secured Party or such LenderParty, at its option, may pay such funds (i) directly to the Person from whom Debtor will make such purchase or acquire such Rights, or (ii) to Debtor, in which case Debtor covenants to promptly pay the same to such Person, and forthwith furnish to Secured Party evidence satisfactory to Secured Party that such payment has been made from the funds so provided.Debtor

Appears in 1 contract

Samples: Term Loan Agreement (Dobson Communications Corp)

Purchase Money Collateral. To the extent that Secured Party or any Lender Beneficiary has advanced or will advance funds to or for the account of Debtor to enable Debtor to purchase or otherwise acquire Rights in Collateral, Secured Party or such LenderBeneficiary, at its option, may pay such funds (i) directly to the Person from whom Debtor will make such purchase or acquire such Rights, or (ii) to Debtor, in which case Debtor covenants to promptly pay the same to such Person, and forthwith furnish to Secured Party evidence satisfactory to Secured Party that such payment has been made from the funds so provided.

Appears in 1 contract

Samples: Security Agreement (PostRock Energy Corp)

Purchase Money Collateral. To the extent that Secured Party or any Lender has ------------------------- advanced or will advance funds to or for the account of Debtor to enable Debtor to purchase or otherwise acquire Rights in Collateral, Secured Party or such LenderParty, at its option, may pay such funds (i) directly to the Person from whom Debtor will make such purchase or acquire such Rights, or (ii) to Debtor, in which case Debtor covenants to promptly pay the same to such Person, and forthwith furnish to Secured Party evidence satisfactory to Secured Party that such payment has been made from the funds so provided.

Appears in 1 contract

Samples: Pledge Agreement (Pendaries Petroleum LTD)

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