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

Renewals, Amendments and Other Security. Renewals and extensions of the Indebtedness may be given at any time and amendments may be made to agreements relating to any part of such Indebtedness or the Mortgaged Property and the Trustee and the Lenders may take or may now hold other security for the Indebtedness, all without notice to or consent of the Mortgagor. 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, 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 Notes and all other Indebtedness secured hereby are fully paid.

Appears in 1 contract

Samples: Credit Agreement (Concho Resources Inc)

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Renewals, Amendments and Other Security. Renewals and extensions of the Indebtedness may be given at any time and amendments may be made to agreements relating to any part of such the Indebtedness or the Mortgaged Property and the Trustee and the Lenders Lender may take or may now hold other security for the Indebtedness, all Indebtedness without notice to or consent of the Mortgagor. The Trustee or the Lenders Lender 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 Lien upon and prior perfected security interest in the Mortgaged Property not expressly released until the Notes and all other Indebtedness secured hereby are fully paidis paid in full.

Appears in 1 contract

Samples: Mortgage, Security Agreement, Financing Statement and Assignment of Production (American Oil & Gas Inc)

Renewals, Amendments and Other Security. Renewals and extensions of the Indebtedness may be given at any time and amendments may be made to agreements relating to any part of such Indebtedness or Liens on the Mortgaged Property and the Trustee and the Lenders Mortgagee may take or may now hold other security for the Indebtedness, all without notice to or consent of the Mortgagor. The Trustee or the Lenders 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 Notes Loans and all other Indebtedness secured hereby are fully paid.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Peak Resources LP)

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Renewals, Amendments and Other Security. Renewals and extensions of the Indebtedness may be given at any time and amendments may be made to agreements relating to any part of such Indebtedness or the Mortgaged Property and the Trustee Trustees and the Lenders Lender may take or may now hold other security for the Indebtedness, all without notice to or consent of the Mortgagor. The Trustee Trustees or the Lenders Lender 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 Notes and all other Indebtedness secured hereby are fully paid.

Appears in 1 contract

Samples: Mortgage, Deed of Trust, Assignment, Security Agreement and Financing Statement (Energy Search Inc)

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