Common use of Status of Assignment Clause in Contracts

Status of Assignment. Notwithstanding the other provisions of this Article IV and in addition to the other rights hereunder, Beneficiary or any receiver appointed in judicial proceedings for the enforcement of this Mortgage shall have the right to receive all of the Hydrocarbons herein assigned and the proceeds therefrom after the occurrence and during the continuance of any Event of Default and to apply all of said proceeds as provided in Section 4.2 hereof. Upon any sale of the Mortgaged Property or any part thereof pursuant to Article V, the Hydrocarbons thereafter produced from the property so sold, and the proceeds therefrom, shall be included in such sale and shall pass to the purchaser free and clear of the assignment contained in this Article IV.

Status of Assignment. Notwithstanding the other provisions of this Article IV and in addition to the other rights hereunder, Beneficiary the Trustees, the Agent or any receiver appointed in judicial proceedings for the enforcement of this Mortgage shall have the right to receive all of the Hydrocarbons herein assigned and the proceeds therefrom after the occurrence and during the continuance of any Event Default and, in any event, after any Note or other item of Default Indebtedness has been declared due and payable in accordance with the provisions of Section 5.1 hereof and to apply all of said proceeds as provided in Section 4.2 hereof. Upon any sale of the Mortgaged Property or any part thereof pursuant to Article VVI, the Hydrocarbons thereafter produced from the property so sold, and the proceeds therefrom, shall be included in such sale and shall pass to the purchaser free and clear of the assignment contained in this Article IV.

Status of Assignment. Notwithstanding the other provisions of this Article IV and in addition to Article, the other rights hereunder, Beneficiary Trustee or any receiver appointed in judicial proceedings for the enforcement of this Mortgage shall have the right to receive all of the Hydrocarbons herein assigned and the proceeds therefrom after any Indebtedness has been declared due and payable in accordance with the occurrence and during the continuance provisions of any Event of Default Section 4.1 hereof and to apply all of said proceeds as provided in Section 4.2 3.2 hereof. Upon any sale of the Mortgaged Property or any part thereof pursuant to Article V, the Hydrocarbons thereafter produced from the property so sold, and the proceeds therefrom, shall be included in such sale and shall pass to the purchaser free and clear of the assignment contained in this Article IVArticle.

Status of Assignment. Notwithstanding the other provisions of this Article IV III and in addition to the other rights hereunder, Beneficiary Mortgagee or any receiver or keeper appointed in judicial proceedings for the enforcement of this Mortgage instrument shall have the right to receive all of the Hydrocarbons herein assigned and the proceeds therefrom after the occurrence and during the continuance of any Event of Default and to apply all of said proceeds as provided in Section 4.2 3.2 hereof. Upon any sale of the Mortgaged Property or any part thereof pursuant to Article VIV, the Hydrocarbons thereafter produced from the property so sold, and the proceeds therefrom, shall be included in such sale and shall pass to the purchaser free and clear of the assignment contained in this Article IVIII.

Status of Assignment. Notwithstanding the other provisions of this Article IV and in addition to -------------------- Article, the other rights hereunderHolder, Beneficiary the Trustee or any receiver appointed in judicial proceedings for the enforcement of this Mortgage instrument shall have the right to receive all of the Hydrocarbons herein assigned and the proceeds therefrom after the occurrence Promissory Note has been declared due and during payable in accordance with the continuance provisions of any Event of Default Section 7.2 hereof and to apply all of said proceeds as provided in Section 4.2 6.3 hereof. Upon any sale of the Mortgaged Property Properties or any part thereof pursuant to Article VVIII, the Hydrocarbons thereafter produced from the property so sold, and the proceeds therefrom, shall be included in such sale and shall pass to the purchaser free and clear of the assignment contained in this Article IVArticle.

Status of Assignment. Notwithstanding the other provisions of this Article IV and in addition to Article, the other rights hereunder, Beneficiary Lender or any receiver appointed in judicial proceedings for the enforcement of this Mortgage shall have the right to receive all of the Hydrocarbons herein assigned and the proceeds therefrom after the occurrence and during the continuance of any an Event of Default and to apply all of said proceeds as provided in Section 4.2 3.2 hereof. Upon any sale of the Mortgaged Property or any part thereof pursuant to Article V5, the Hydrocarbons thereafter produced from the property so sold, and the proceeds therefrom, shall be included in such sale and shall pass to the purchaser free and clear of the assignment contained in this Article IVArticle.

Status of Assignment. Notwithstanding the other provisions of this Article IV and in addition to Article, the other rights hereunder, Beneficiary Mortgagee or any receiver appointed in judicial proceedings for the enforcement of this Mortgage instrument shall have the right to receive all of the Hydrocarbons herein assigned and the proceeds therefrom after the occurrence Note has been declared due and during payable in accordance with the continuance provisions of any Event of Default Section 4.1 hereof and to apply all of said proceeds as provided in Section 4.2 3.2 hereof. Upon any sale of the Mortgaged Property or any part thereof pursuant to Article VV of this mortgage, the Hydrocarbons thereafter produced from the property so sold, and the proceeds therefrom, shall be included in such sale and shall pass to the purchaser free and clear of the assignment contained in this Article IVArticle.

Status of Assignment. Notwithstanding the other provisions of this Article IV and in addition to the other rights hereunder, Beneficiary the Agent or any receiver or keeper appointed in judicial proceedings for the enforcement of this Mortgage instrument shall have the right to receive all of the Hydrocarbons herein assigned and the proceeds therefrom after the occurrence and during the continuance of any Event of Default and, in any event, after any Note or other item of Indebtedness has been declared due and payable in accordance with the provisions of Section 4.1 hereof and to apply all of said proceeds as provided in Section 4.2 3.2 hereof. Upon any sale of the Mortgaged Property or any part thereof pursuant to Article V, the Hydrocarbons thereafter produced from the property so sold, and the proceeds therefrom, shall be included in such sale and shall pass to the purchaser free and clear of the assignment contained in this Article IVArticle.

Status of Assignment. Notwithstanding the other provisions of this Article IV and in addition to the other rights hereunderArticle, Beneficiary Trustees or any receiver appointed in judicial proceedings for the enforcement of this Mortgage instrument shall have the right to receive all of the Hydrocarbons herein assigned and the proceeds therefrom after any Note has been declared due and payable in accordance with the occurrence and during the continuance provisions of any Event of Default Section 4.1 hereof and to apply all of said proceeds as provided in Section 4.2 3.2 hereof. Upon any sale of the Mortgaged Property or any part thereof pursuant to Article V, the Hydrocarbons thereafter produced from the property so sold, and the proceeds therefrom, shall be included in such sale and shall pass to the purchaser free and clear of the assignment contained in this Article IVArticle.

Status of Assignment. Notwithstanding the other provisions of this Article IV and in addition to Article, the other rights hereunder, Beneficiary Mortgagee or any receiver appointed in judicial proceedings for the enforcement of this Mortgage instrument shall have the right to receive all of the Hydrocarbons herein assigned and the proceeds therefrom after the occurrence Loans have been declared due and during payable in accordance with the continuance provisions of any Event of Default the Loan Documents and to apply all of said proceeds as provided in Section 4.2 3.5 hereof. Upon any sale of the Mortgaged Property or any part thereof pursuant to Article V, the Hydrocarbons thereafter produced from the property so sold, and the proceeds therefrom, shall be included in such sale and shall pass to the purchaser free and clear of the assignment contained in this Article IVArticle.