Common use of Release of and Resort to Collateral Clause in Contracts

Release of and Resort to Collateral. Beneficiary may release, regardless of consideration, any part of the Mortgaged Property without, as to the remainder, in any way impairing, affecting, subordinating or releasing the lien or security interest created in or evidenced by this Deed of Trust or their stature as a lien and security interest in and to the Mortgaged Property.

Appears in 13 contracts

Samples: Disturbance and Attornment Agreement (Holly Energy Partners Lp), Mortgage and Deed of Trust (Holly Energy Partners Lp), Site Services Agreement (HollyFrontier Corp)

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Release of and Resort to Collateral. Beneficiary may release, regardless of considerationconsideration and without the necessity for any notice to or consent by the holder of any subordinate lien on the Mortgaged Property, any part of the Mortgaged Property without, as to the remainder, in any way impairing, affecting, subordinating or releasing the lien or security interest created in or evidenced by this Deed of Trust the Loan Documents or their stature status as a first and prior lien and security interest in and to the Mortgaged Property. For payment of the Indebtedness, Beneficiary may resort to any other security in such order and manner as Beneficiary may elect.

Appears in 7 contracts

Samples: Credit Agreement (Dean Foods Co), Assignment and Assumption (Aventine Renewable Energy Holdings Inc), Security Agreement (Campus Crest Communities, Inc.)

Release of and Resort to Collateral. Beneficiary may release, regardless of considerationconsideration and without the necessity for any notice to or consent by the holder of any subordinate lien on the Mortgaged Property, any part of the Mortgaged Property without, as to the remainder, in any way impairing, affecting, subordinating or releasing the lien or security interest created in or evidenced by this Deed of Trust the Loan Documents or their stature status as a first and prior lien and security interest in and to the Mortgaged Property. For payment and performance of the Obligations, Beneficiary may resort to any other security in such order and manner as Beneficiary may elect.

Appears in 6 contracts

Samples: Credit Agreement (Skilled Healthcare Group, Inc.), Credit Agreement (Skilled Healthcare Group, Inc.), Maxxam Inc

Release of and Resort to Collateral. Beneficiary may release, regardless of consideration, any part of the Mortgaged Property without, as to the remainder, in any way impairing, affecting, subordinating or releasing the lien or security interest Lien created in or evidenced by this Deed of Trust or their stature its status as a lien first and security interest in and to the prior Lien on Mortgaged Property. For payment of the Obligations, Beneficiary may resort to any other security therefor held by Trustee in such order and manner as Beneficiary may elect.

Appears in 5 contracts

Samples: Credit Agreement (Spansion Inc.), Advanced Micro Devices Inc, Spansion Inc.

Release of and Resort to Collateral. Beneficiary may release, regardless of consideration, any part of the Mortgaged Property without, as to the remainder, in any way impairing, affecting, subordinating or releasing the lien or security interest interests created in or evidenced by this Deed of Trust the Secured Debt Documents or their stature as a first and prior lien and security interest in and to the Mortgaged Property. For payment of the Indebtedness, Beneficiary may resort to any other security therefor held in such order and manner as Beneficiary may elect.

Appears in 4 contracts

Samples: Collateral Trust Agreement (Calpine Corp), Collateral Trust Agreement (Calpine Corp), Collateral Trust Agreement (Calpine Corp)

Release of and Resort to Collateral. Beneficiary may release, regardless of considerationconsideration and without the necessity for any notice to or consent by the holder of any subordinate lien on the Mortgaged Property, any part of the Mortgaged Property without, as to the remainder, in any way impairing, affecting, subordinating or releasing the lien or security interest interests created in or evidenced by this Deed of Trust the Loan Documents or their stature as a first and prior lien and security interest in and to the remaining Mortgaged Property. For payment of the Obligations, Beneficiary may resort to any other security in such order and manner as Beneficiary may elect.

Appears in 3 contracts

Samples: M & F Worldwide Corp, M & F Worldwide Corp, M & F Worldwide Corp

Release of and Resort to Collateral. Beneficiary may release, regardless of considerationconsideration and without the necessity for any notice to or consent by the holder of any subordinate Lien on the Mortgaged Property, any part of the Mortgaged Property without, as to the remainder, in any way impairing, affecting, subordinating or releasing the lien Lien or security interest (including with respect to the Mortgaged Property) created in or evidenced by this Deed the other Collateral Documents. For payment of Trust or their stature the Indebtedness, Beneficiary may resort to any other security in such order and manner as a lien and security interest in and to the Mortgaged PropertyBeneficiary may elect.

Appears in 2 contracts

Samples: Deed of Trust, Security Agreement (Teletech Holdings Inc), Teletech Holdings Inc

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Release of and Resort to Collateral. Beneficiary may release, regardless of consideration, any part of the Mortgaged Property without, as to the remainder, in any way impairing, affecting, subordinating or releasing the lien or security interest Lien created in or evidenced by this Deed of Trust or their stature its status as a lien first and security interest in and to the prior Lien on Mortgaged Property.. For payment of the Obligations, Beneficiary may resort to any other security therefor held by Trustee in such order and manner as Beneficiary may elect. Form of Mortgage

Appears in 1 contract

Samples: Revolving Credit Agreement (Spansion Inc.)

Release of and Resort to Collateral. Beneficiary may ----------------------------------- release, regardless of consideration, any part of the Mortgaged Property without, as to the remainder, in any way impairing, affecting, subordinating or releasing the lien Lien or security interest created in or evidenced by this Deed of Trust or their stature as a lien second Lien and security interest (subject to Permitted Encumbrances) in and to the Mortgaged Property. For payment of the Obligations, Beneficiary may resort to any other security therefor held by Deed Trustee in such order and manner as Beneficiary may elect.

Appears in 1 contract

Samples: HWCC Shreveport Inc

Release of and Resort to Collateral. Beneficiary may release, regardless of consideration, any part of the Mortgaged Property without, as to the remainder, in any way impairing, affecting, subordinating or releasing the lien or security interest interests created in or evidenced by this Deed of Trust the Security Documents or their stature as a first and prior lien and security interest in and to the Mortgaged Property. For payment of the Indebtedness, Beneficiary may resort to any other security therefor held by Trustee in such order and manner as Beneficiary may elect.

Appears in 1 contract

Samples: Behringer Harvard Short Term Opportunity Fund I Lp

Release of and Resort to Collateral. Beneficiary may release, regardless of consideration, any part of the Mortgaged Property without, as to the remainder, in any way impairing, affecting, subordinating or releasing the lien or security interest Lien created in or evidenced by this Deed of Trust or their stature its status as a lien second and security interest in and to the prior Lien on Mortgaged Property. For payment of the Obligations, Beneficiary may resort to any other security therefor held by Trustee in such order and manner as Beneficiary may elect.

Appears in 1 contract

Samples: Spansion Inc.

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