Common use of Collateral not to be Fixture or Accession Clause in Contracts

Collateral not to be Fixture or Accession. Debtor will not permit any Collateral to become so related to any particular real estate so as to become a fixture on such real estate or to be installed in or affixed to other goods so as to become an accession to such other goods unless such other goods are included in the Collateral; in the event that any Collateral is to become so related to any particular real estate or so installed or affixed to other goods, prior thereto Debtor will (a) notify Secured Party of such fact and (b) upon demand of Secured Party furnish written consents to Secured Party’s security interest and disclaimers of any interest in such Collateral signed by any Person having an interest in such real estate or such other goods, if applicable.

Appears in 2 contracts

Samples: Security Agreement (Doral Energy Corp.), Security Agreement (Doral Energy Corp.)

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Collateral not to be Fixture or Accession. Debtor will not ------------------------------------------ permit any Collateral to become so related to any particular real estate so as to become a fixture on such real estate or to be installed in or affixed to other goods so as to become an accession to such other goods unless such other goods are included in the Collateral; in the event that any Collateral is to become so related to any particular real estate or so installed or affixed to other goods, prior thereto Debtor will (a) notify Secured Party of such fact and (b) upon demand of Secured Party furnish written consents to Secured Party’s 's security interest and disclaimers of any interest in such Collateral signed by any Person person having an interest in such real estate or such other goods, if applicable.

Appears in 1 contract

Samples: Security Agreement (Colony Energy, Inc.)

Collateral not to be Fixture or Accession. Debtor Debtors will not permit any material portion of the Collateral to become so related to any particular real estate so as to become a fixture on such real estate or to be installed in or affixed to other goods so as to become an accession to such other goods unless such other goods are included in the Collateral; in the event that any material portion of the Collateral is to become so related to any particular real estate so as to become a fixture on such real estate or so installed or affixed to other goods, prior thereto Debtor Debtors will (ai) notify Secured Party of such fact and (bii) upon demand of Secured Party furnish written consents to Secured Party’s security interest and disclaimers of any interest in such Collateral signed by any Person having an interest in such real estate or such other goods, if applicable.

Appears in 1 contract

Samples: Security Agreement (EnerJex Resources, Inc.)

Collateral not to be Fixture or Accession. Debtor will not permit any Collateral to become so related to any particular real estate so as to become a fixture on such real estate or to be installed in or affixed to other goods so as to become an accession to such other goods unless such other goods are included in the Collateral; in the event that any Collateral is to become so related to any particular real estate so as to become a fixture on such real estate or so installed or affixed to other goods, prior thereto Debtor will (ai) notify Secured Party of such fact and (bii) upon demand of Secured Party furnish written consents to Secured Party’s security interest and disclaimers of any interest in such Collateral signed by any Person having an interest in such real estate or such other goods, if applicable.

Appears in 1 contract

Samples: Security Agreement (Rancher Energy Corp.)

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Collateral not to be Fixture or Accession. Debtor will not permit any Collateral to become so related to any particular real estate so as to become a fixture on such real estate or to be installed in or affixed to other goods so as to become an accession to such other goods unless such other goods are included in the Collateral; in the event that any Collateral is to become so related to any particular real estate or so installed or affixed to other goods, prior thereto Debtor will (ai) notify Secured Party of such fact and (bii) upon demand of Secured Party furnish written consents to Secured Party’s security interest and disclaimers of any interest in such Collateral signed by any Person having an interest in such real estate or such other goods, if applicable.

Appears in 1 contract

Samples: Security Agreement (Kentucky USA Energy, Inc.)

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