Common use of Renewals, Amendments and Other Security Clause in Contracts

Renewals, Amendments and Other Security. Renewals and extensions of the Indebtedness and modifications of any kind of the Obligations may be given at any time and amendments may be made to agreements with third parties relating to any part of such Indebtedness or the Mortgaged Property and Trustee and Beneficiary may take or may now hold other security from others for the Indebtedness, all without notice to or consent of Mortgagor. Beneficiary may resort first to such other security or any part thereof or first to the security herein given or any part thereof, or from time to time to either or both, even to the partial or complete abandonment of either security, and such action shall not be a waiver of any rights conferred by this Mortgage, which shall continue as a first lien upon and prior perfected security interest in the Mortgaged Property not expressly released until the Secured Debt and all other Indebtedness secured hereby are fully paid.

Appears in 4 contracts

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

AutoNDA by SimpleDocs

Renewals, Amendments and Other Security. Renewals and extensions of the Secured Indebtedness and modifications of any kind of the Obligations may be given at any time and amendments may be made to agreements with third parties relating to any part of such Secured Indebtedness or the Mortgaged Property and Trustee the Trustees and Beneficiary the holders of Secured Indebtedness may take or may now hold other security from others for the Secured Indebtedness, all without notice to or consent of the Mortgagor. Beneficiary The Trustees or the holders of Secured Indebtedness may resort first to such other security or any part thereof or first to the security herein given or any part thereof, or from time to time to either or both, even to the partial or complete abandonment of either security, and such action shall not be a waiver of any rights conferred by this Mortgageinstrument, which shall continue as a first lien upon and prior perfected security interest in the Mortgaged Property not expressly released until the Secured Debt and all other Indebtedness secured hereby are is fully paid.

Appears in 3 contracts

Samples: Credit Facility Agreement (Pioneer Natural Resources Usa Inc), Credit Facility Agreement (Pioneer Natural Resources Co), Credit Facility Agreement (Pioneer Natural Resources Co)

Renewals, Amendments and Other Security. Renewals and extensions of the Indebtedness and modifications of any kind of the Obligations may be given at any time and amendments may be made to agreements with third parties relating to any part of such Indebtedness or the Mortgaged Property and Trustee the Trustees and Beneficiary the Agent may take or may now hold other security from others for the Indebtedness, all without notice to or consent of Mortgagor. Beneficiary The Trustees or the Agent may resort first to such other security or any part thereof or first to the security herein given or any part thereof, or from time to time to either or both, even to the partial or complete abandonment of either security, and such action shall not be a waiver of any rights conferred by this Mortgage, which shall continue as a first lien upon and prior perfected security interest in the Mortgaged Property not expressly released until the Secured Debt Notes and all other Indebtedness secured hereby are fully paid.

Appears in 3 contracts

Samples: Calpine Corp, Calpine Corp, Calpine Corp

Renewals, Amendments and Other Security. Renewals and extensions of the Indebtedness and modifications of any kind of the Obligations may be given at any time and amendments may be made to agreements with third parties relating to any part of such Indebtedness or the Mortgaged Property and the Trustee and Beneficiary the Lenders may take or may now hold other security from others for the Indebtedness, all without notice to or consent of the Mortgagor. Beneficiary The Trustee or the Lenders may resort first to such other security or any part thereof or first to the security herein given or any part thereof, or from time to time to either or both, Exhibit F even to the partial or complete abandonment of either security, and such action shall not be a waiver of any rights conferred by this Mortgage, which shall continue as a first second lien upon and prior perfected security interest in the Mortgaged Property not expressly released until the Secured Debt Notes and all other Indebtedness secured hereby are fully paid.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Concho Resources Inc)

Renewals, Amendments and Other Security. Renewals and extensions of the Indebtedness and modifications of any kind of the Obligations may be given at any time and amendments may be made to agreements with third parties relating to any part of such Indebtedness or the Mortgaged Property and Trustee and Beneficiary Mortgagee may take or may now hold other security from others for the Indebtedness, all without notice to or consent of Mortgagor. Beneficiary Mortgagee may resort first to such other security or any part thereof or first to the security herein given or any part thereof, or from time to time to either or both, even to the partial or complete abandonment of either security, and such action shall not be a waiver of any rights conferred by this Mortgageinstrument, which shall continue as a first lien upon and prior perfected security interest in the Mortgaged Property not expressly released until the Secured Debt and all other Indebtedness secured hereby are fully paid.

Appears in 1 contract

Samples: Calpine Corp

AutoNDA by SimpleDocs

Renewals, Amendments and Other Security. Renewals and extensions of the Indebtedness and modifications of any kind of the Obligations may be given at any time and amendments waivers may be made given with respect to agreements with third parties relating to any part of such Indebtedness or the Mortgaged Property and Trustee the Administrative Agent and Beneficiary the other Lender Parties may take or may now hold other security from others for the Indebtedness, all without notice to or consent of the MORTGAGE (LOUISIANA) Mortgagor. Beneficiary The Administrative Agent or the other Lender Parties may resort first to such other security or any part thereof or first to the security herein given or any part thereof, or from time to time to either or both, even to the partial or complete abandonment of either security, and such action shall not be a waiver of any rights conferred by this Mortgageinstrument, which shall continue as a first lien upon and prior perfected security interest in the Mortgaged Property not expressly released until the Secured Debt Notes and all other Indebtedness secured hereby are fully paid.

Appears in 1 contract

Samples: Sonoran Energy Inc

Renewals, Amendments and Other Security. Renewals and extensions of the Indebtedness and modifications of any kind of the Obligations may be given at any time and amendments may be made to agreements with third parties relating to any part of such Indebtedness or the Mortgaged Property and Trustee and Beneficiary the Agent may take or may now hold other security from others for the Indebtedness, all without notice to or consent of the Mortgagor. Beneficiary The Agent may resort first to such other security or any part thereof or first to the security herein given or any part thereof, or from time to time to either or both, even to the partial or complete abandonment of either security, and such action shall not be a waiver of any rights conferred by this Mortgageinstrument, which shall continue as a first lien upon and prior perfected security interest in the Mortgaged Property not expressly released until the Secured Debt Notes and all other Indebtedness secured hereby are fully paid.

Appears in 1 contract

Samples: Calpine Corp

Time is Money Join Law Insider Premium to draft better contracts faster.