Common use of Disposition of Proceeds Clause in Contracts

Disposition of Proceeds. Certain of the Security Instruments contain an assignment by the Obligors unto and in favor of the Administrative Agent for the benefit of the Lenders of all production and all proceeds attributable thereto which may be produced from or allocated to the Mortgaged Property, and such Security Instruments further provide in general for the application of such proceeds to the satisfaction of the Indebtedness and other obligations described therein and secured thereby. Notwithstanding the assignment contained in such Security Instruments, so long as no Default exists, the Lenders agree that they will neither notify the purchaser or purchasers of such production nor take any other action to cause such proceeds to be remitted to the Lenders, but the Lenders will instead permit such proceeds to be paid to the Obligors.

Disposition of Proceeds. Certain of the The Security Instruments contain an assignment by the Obligors Borrower unto and in favor of the Administrative Agent for the benefit of the Lenders of all production and all proceeds attributable thereto which may be produced from or allocated to the Mortgaged Property, and such the Security Instruments further provide in general for the application of such proceeds to the satisfaction of the Indebtedness and other obligations described therein and secured thereby. Notwithstanding the assignment contained in such Security Instruments, so long as no Default existsuntil the occurrence of an Event of Default, the Lenders agree that they will neither notify the purchaser or purchasers of such production nor take any other action to cause such proceeds to be remitted to the Lenders, but the Lenders will instead permit such proceeds to be paid to the ObligorsBorrower.

Disposition of Proceeds. Certain Some of the Security Instruments contain an assignment by the Obligors Borrower unto and in favor of the Administrative Agent for the benefit of the Lenders of all production and all proceeds attributable thereto which may be produced from or allocated to the Mortgaged PropertyOil and Gas Properties, and such Security Instruments further provide in general for the application of such proceeds to the satisfaction of the Indebtedness Obligations and other indebtedness, liabilities and obligations described therein and secured thereby. Notwithstanding the assignment contained in such Security Instruments, so long as no Default existsuntil the occurrence of an Event of Default, the Lenders agree that they will neither notify the purchaser or purchasers Purchasers of such production nor take any other action to cause such proceeds to be remitted to the Lenders, but the Lenders will instead permit such proceeds to be paid to the ObligorsBorrower.

Disposition of Proceeds. Certain of the The Security Instruments contain an assignment by the Obligors Borrower unto and in favor of the Administrative Agent for the benefit of the Lenders Lender of all production and all proceeds attributable thereto which may be produced from or allocated to the Mortgaged Property, and such the Security Instruments further provide in general for the application of such proceeds to the satisfaction of the Indebtedness and other obligations described therein and secured thereby. Notwithstanding the assignment contained in such Security Instruments, so long as no Default existsuntil the occurrence of an Event of Default, the Lenders agree Lender agrees that they it will neither notify the purchaser or purchasers of such production nor take any other action to cause such proceeds to be remitted to the LendersLender, but the Lenders Lender will instead permit such proceeds to be paid to the ObligorsBorrower.

Disposition of Proceeds. Certain of the The Security Instruments contain an assignment by the Obligors unto and in favor of the Administrative Agent for the benefit of the Lenders of all production and all proceeds attributable thereto which may be produced from or allocated to the Mortgaged Property, and such the Security Instruments further provide in general for the application of such proceeds to the satisfaction of the Indebtedness and other obligations described therein and secured thereby. Notwithstanding the assignment contained in such Security Instruments, so long as no Default existsuntil the occurrence and continuance of an Event of Default, the Lenders agree that they will neither notify the purchaser or purchasers of such production nor take any other action to cause such proceeds to be remitted to the Lenders, but the Lenders will instead permit such proceeds to be paid to the Obligors.

Disposition of Proceeds. Certain of the The Security Instruments contain an assignment by the Obligors Borrower unto and in favor of the Administrative Agent for the benefit of the Lenders of all production and all proceeds attributable thereto which may be produced from or allocated to the Mortgaged Property, and such the Security Instruments further provide in general for the application of such proceeds to the satisfaction of the Indebtedness and other obligations described therein and secured thereby. Notwithstanding Until the assignment contained in such Security Instrumentsoccurrence of an Event of Default, so long as no Default exists, the Agent and the Lenders agree that they will neither notify the purchaser or purchasers of such production nor take any other action to cause such proceeds to be remitted to the LendersAgent, but the Lenders will instead permit such proceeds to be paid to the ObligorsBorrower.

Disposition of Proceeds. Certain of the Security Instruments contain an assignment by the Obligors unto and in favor of the Administrative Agent for the benefit of the Lenders of all production and all proceeds attributable thereto which may be produced from or allocated to the Mortgaged Property, and such Security Instruments further provide in general for the application of such proceeds to the satisfaction of the Indebtedness and other obligations described therein and secured thereby. Notwithstanding the assignment contained in such Security Instruments, so long as no Default exists, the Lenders agree that they will neither notify the purchaser or purchasers of such production nor take any other action to cause such proceeds to be remitted to the Lenders, but the Lenders will instead permit such proceeds to be paid to the Obligors.

Disposition of Proceeds. Certain of the The Security Instruments contain an assignment by the Obligors Borrower unto and in favor of the Administrative Agent for the benefit of the Lenders of all production and all proceeds attributable thereto which may be produced from or allocated to the Mortgaged Property, and such the Security Instruments further provide in general for the application of such proceeds to the satisfaction of the Indebtedness and other obligations described therein and secured thereby. Notwithstanding the assignment contained in such Security Instruments, so long as no Default existsuntil the occurrence of an Event of Default, the Lenders agree that they will neither notify the purchaser or purchasers of such production nor take any other action to cause such proceeds to be remitted to the Lenders, but the Lenders will instead permit such proceeds to be paid to the ObligorsBorrower.

Disposition of Proceeds. Certain of the The Security Instruments contain an assignment by the Obligors Borrower unto and in favor of the Administrative Agent for the benefit of the Lenders Lender of all production and all proceeds attributable thereto which may be produced from or allocated to the Mortgaged Property, and such the Security Instruments further provide in general for the application of such proceeds to the satisfaction of the Indebtedness and other obligations described therein and secured thereby. Notwithstanding the assignment contained in such Security Instruments, so long as no Default existsuntil the occurrence of an Event of Default, the Lenders agree Lender agrees that they it will neither notify the purchaser or purchasers of such production nor take any other action to cause such proceeds to be remitted to the LendersLender, but the Lenders Lender will instead permit such proceeds to be paid to the ObligorsBorrower and used by Borrower in conducting its business.