Application of Payments to Certain Obligations. If any part of the secured obligations cannot be lawfully secured by this Mortgage or if any part of the Mortgaged Properties cannot be lawfully subject to the lien, privilege and security interest hereof to the full extent of such obligations, then all payments made shall be applied on said obligations first in discharge of that portion thereof which is not secured by this Mortgage.
Appears in 12 contracts
Samples: Mortgage With Power of Sale (Chesapeake Granite Wash Trust), Mortgage With Power of Sale (Chesapeake Granite Wash Trust), Mortgage With Power of Sale (Chesapeake Granite Wash Trust)
Application of Payments to Certain Obligations. If any part of the secured obligations Secured Obligations cannot be lawfully secured by this Mortgage or if any part of the Mortgaged Properties Property cannot be lawfully subject to the lien, privilege and security interest Lien hereof to the full extent of such obligationsthe Secured Obligations, then all payments made shall be applied on said obligations Secured Obligations first in discharge of that portion thereof which is not secured by this Mortgage.
Appears in 7 contracts
Samples: Warrant Agreement (Ultra Petroleum Corp), Sundance Energy Australia LTD, Sundance Energy Australia LTD
Application of Payments to Certain Obligations. If any part of the secured obligations Obligations cannot be lawfully secured by this Mortgage or if any part of the Mortgaged Properties Collateral cannot be lawfully subject to the lien, privilege and security interest Lien hereof to the full extent of such obligationsthe Obligations, then all payments made shall be applied on said obligations Obligations first in discharge of that portion thereof which that is not secured by this Mortgage.
Appears in 5 contracts
Samples: Credit Agreement (Talos Energy Inc.), Credit Agreement (Vine Resources Inc.), Credit Agreement (Vine Resources Inc.)
Application of Payments to Certain Obligations. If any part of the secured obligations Obligations cannot be lawfully secured by this Mortgage Agreement or if any part of the Mortgaged Properties Property cannot be lawfully subject to the lien, privilege lien and security interest hereof to the full extent of such obligationsthe Obligations, then all payments made shall be applied on said obligations Obligations first in discharge of that portion thereof which is not secured by this MortgageAgreement.
Appears in 3 contracts
Samples: Credit Agreement (Synergy Resources Corp), Credit Agreement (Synergy Resources Corp), Credit Agreement (Synergy Resources Corp)
Application of Payments to Certain Obligations. If any part of the secured obligations cannot be lawfully secured by this Mortgage Deed of Trust or if any part of the Mortgaged Properties cannot be lawfully subject to the lien, privilege and security interest hereof to the full extent of such obligations, then all payments made shall be applied on said obligations first in discharge of that portion thereof which is not secured by this MortgageDeed of Trust.
Appears in 2 contracts
Samples: Deed of Trust (SandRidge Permian Trust), SandRidge Permian Trust
Application of Payments to Certain Obligations. If any part of the secured obligations Obligations cannot be lawfully secured by this Mortgage Deed of Trust or if any part of the Mortgaged Properties Property cannot be lawfully subject to the lien, privilege lien and security interest hereof to the full extent of such obligationsthe Obligations, then all payments made shall shall, unless otherwise designated by the Beneficiary, be applied on said obligations the Obligations first in discharge of that portion thereof which is not secured by this MortgageDeed of Trust.
Appears in 2 contracts
Samples: Defined Terms (Green Plains Renewable Energy, Inc.), Green Plains Renewable Energy, Inc.
Application of Payments to Certain Obligations. If any part of the secured obligations Secured Obligations cannot be lawfully secured by this Mortgage or if any part of the Mortgaged Properties Collateral cannot be lawfully subject to the lien, privilege and security interest Lien hereof to the full extent of such obligationsthe Secured Obligations, then all payments made shall be applied on said obligations Secured Obligations first in discharge of that portion thereof which is not secured by this Mortgage.
Appears in 2 contracts
Samples: Mortgage and Security Agreement (SandRidge Mississippian Trust II), Mortgage and Security Agreement (SandRidge Mississippian Trust II)
Application of Payments to Certain Obligations. If any part of the secured obligations Obligations cannot be lawfully secured by this Mortgage or if any part of the Mortgaged Properties Property cannot be lawfully subject to the lien, privilege lien and security interest hereof to the full extent of such obligationsthe Obligations, then all payments made shall shall, unless otherwise designated by the Mortgagee, be applied on said obligations the Obligations first in discharge of that portion thereof which is not secured by this Mortgage.
Appears in 1 contract
Samples: Green Plains Renewable Energy, Inc.
Application of Payments to Certain Obligations. If any part of the secured obligations Obligations cannot be lawfully secured by this Mortgage or if any part of the Mortgaged Properties Property cannot be lawfully subject to the lien, privilege and security interest Lien hereof to the full extent of such obligationsthe Obligations, then all payments made shall be applied on said obligations Obligations first in discharge of that portion thereof which is not secured by this Mortgage.
Appears in 1 contract
Application of Payments to Certain Obligations. If any part of the secured obligations Secured Obligations cannot be lawfully secured by this Mortgage or if any part of the Mortgaged Properties Collateral cannot be lawfully subject to the lien, privilege and security interest lien hereof to the full extent of such obligationsthe Secured Obligations, then all payments made shall be applied on said obligations Secured Obligations first in discharge of that portion thereof which is not secured by this Mortgage.
Appears in 1 contract
Samples: Second Lien Security Agreement
