Rights to Fixture Collateral Upon Default. Upon the occurrence and during the continuance of an Event of Default, Mortgagee may elect to treat the Fixture Collateral as either Realty Collateral or as Personalty Collateral (but not both) and proceed to exercise such rights as apply to the type of Collateral selected.
Appears in 5 contracts
Samples: Credit Agreement (Berry Petroleum Corp), Credit Agreement (Berry Petroleum Corp), Credit Agreement (Jagged Peak Energy Inc.)
Rights to Fixture Collateral Upon Default. Upon the occurrence and during the continuance of an any Event of Default, Mortgagee may elect to treat the Fixture Collateral as either Realty Collateral or as Personalty Collateral (but not both) and proceed to exercise such rights as apply to the type of Collateral selected.
Appears in 5 contracts
Samples: Credit Agreement (Mariner Energy Inc), Credit Agreement (Callon Petroleum Co), Credit Agreement (Mariner Energy Resources, Inc.)
