Common use of Effect of Sale Clause in Contracts

Effect of Sale. Any sale or sales of the Mortgaged Property, whether under the power of sale herein granted and conferred or by virtue of judicial proceedings, shall operate to divest all right, title, interest, claim and demand whatsoever either at law or in equity, of Mortgagor of, in and to the premises and the property sold, and shall be a perpetual bar, both at law and in equity, against Mortgagor, and Mortgagor's successors or assigns, and against any and all persons claiming or who shall thereafter claim all or any of the property sold from, through or under Mortgagor or Mortgagor's successors or assigns. Nevertheless, Mortgagor, shall join in the execution and delivery of all proper conveyances, assignments and transfers of the properties so sold.

Appears in 4 contracts

Samples: Collateral Trust Agreement (Calpine Corp), Collateral Trust Agreement (Calpine Corp), Collateral Trust Agreement (Calpine Corp)

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Effect of Sale. Any sale or sales of the Mortgaged Property, whether under the power of sale herein granted and conferred or by virtue of judicial proceedings, shall operate to divest all right, title, interest, claim and demand whatsoever either at law or in equity, of Mortgagor of, in and to the premises and the property sold, and shall be a perpetual bar, both at law and in equity, against Mortgagor, and Mortgagor's successors or assigns, and against any and all persons claiming or who shall thereafter claim all or any of the property sold from, through or under Mortgagor or Mortgagor's successors or assigns. Nevertheless, Mortgagor, if requested by the Agent so to do, shall join in the execution and delivery of all proper conveyances, assignments and transfers of the properties so sold.

Appears in 3 contracts

Samples: Calpine Corp, Calpine Corp, Calpine Corp

Effect of Sale. Any sale or sales of the Mortgaged Property, whether under the power of sale herein granted and conferred or by virtue of judicial proceedings, shall operate to divest all right, title, interest, claim and demand whatsoever either at law or in equity, of the Mortgagor of, in and to the premises and the property sold, and shall be a perpetual bar, both at law and in equity, against the Mortgagor, and the Mortgagor's successors or assigns, and against any and all persons claiming or who shall thereafter claim all or any of the property sold from, through or under the Mortgagor or the Mortgagor's successors or assigns. Nevertheless, the Mortgagor, if requested by the Trustees so to do, shall join in the execution and delivery of all proper conveyances, assignments and transfers of the properties so sold.

Appears in 3 contracts

Samples: Credit Facility Agreement (Pioneer Natural Resources Co), Credit Facility Agreement (Pioneer Natural Resources Co), Credit Facility Agreement (Pioneer Natural Resources Usa Inc)

Effect of Sale. Any sale or sales of the Mortgaged Property, whether under the power of sale herein granted and conferred or where permitted by virtue of judicial proceedingslaw, shall operate to divest all right, title, interest, claim and demand whatsoever either at law or in equity, of the Mortgagor of, in in, and to the premises and the property sold, and shall be a perpetual bar, both at law and in equity, against the Mortgagor, and the Mortgagor's ’s successors or assigns, and against any and all persons claiming or who shall thereafter claim all or any of the property sold from, through through, or under Mortgagor the Mortgagor, or the Mortgagor's ’s successors or assigns. Nevertheless, the Mortgagor, if requested by the Mortgagee to do so, shall join in the execution and delivery of all proper conveyances, assignments and transfers of the properties so sold.

Appears in 2 contracts

Samples: Mortgage, Security Agreement (Lilis Energy, Inc.), Mortgage, Security Agreement (Starboard Resources, Inc.)

Effect of Sale. Any sale or sales of the Mortgaged Property, whether under the power of sale herein granted and conferred or by virtue of judicial proceedings, shall operate to divest all right, title, interest, claim claim, and demand whatsoever either at law or in equity, of Mortgagor of, in in, and to the premises and the property sold, and shall be a perpetual bar, both at law and in equity, against Mortgagor, and Mortgagor's successors or assigns’s successors, and against any and all persons claiming or who shall thereafter claim all or any of the property sold from, through or under Mortgagor Mortgagor, or Mortgagor's ’s successors or assigns. Nevertheless; nevertheless, Mortgagor, shall join in the execution and delivery of all proper conveyances, assignments Assignments and transfers of the properties so sold.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Gramercy Property Trust Inc.), Credit and Guaranty Agreement (Gramercy Property Trust Inc.)

Effect of Sale. Any sale or sales of the Mortgaged Property, whether under the power of sale herein granted and conferred or by virtue of judicial proceedings, shall operate to divest all right, title, interest, claim and demand whatsoever either at law or in equity, of the Mortgagor of, in and to the premises and the property sold, and shall be a perpetual bar, both at law and in equity, against the Mortgagor, and the Mortgagor's successors or assigns, and against any and all persons claiming or who shall thereafter claim all or any of the property sold from, through or under Mortgagor the Mortgagor, or the Mortgagor's successors or assigns. Nevertheless, the Mortgagor, if requested by the Mortgagee to do so, shall join in the execution and delivery of all proper conveyances, assignments and transfers of the properties so sold.

Appears in 1 contract

Samples: Security Agreement (Sun River Energy, Inc)

Effect of Sale. Any sale or sales of the Mortgaged Property, whether under the power of sale herein granted and conferred or by virtue of judicial proceedings, shall operate to divest all right, title, interest, claim and demand whatsoever either at law or in equity, of Mortgagor of, in and to the premises and the property sold, and shall be a perpetual bar, both at law and in equity, against Mortgagor, and Mortgagor's successors or assigns, and against any and all persons claiming or who shall thereafter claim all or any of the property sold from, through or under Mortgagor or Mortgagor's successors or assigns. Nevertheless, Mortgagor, if requested by Trustees so to do, shall join in the execution and delivery of all proper conveyances, assignments and transfers of the properties so sold.. 5.9

Appears in 1 contract

Samples: Security Agreement and Financing Statement (Energy Search Inc)

Effect of Sale. Any sale or sales of the Mortgaged PropertyClaims, whether under the power of sale herein granted and conferred or by virtue of judicial proceedings, shall operate to divest all right, title, interest, claim and demand whatsoever either at law or in equity, of the Mortgagor of, in and to the premises and the property Claims sold, and shall be a perpetual bar, both at law and in equity, against the Mortgagor, and the Mortgagor's ’s successors or assigns, and against any and all persons claiming or who shall thereafter claim all or any of the property sold from, through or under the Mortgagor or the Mortgagor's ’s successors or assigns. Nevertheless, the Mortgagor, if requested by the Mortgagee so to do, shall join in the execution and delivery of all proper conveyances, assignments and transfers of the properties so sold.

Appears in 1 contract

Samples: Real Property Mortgage Agreement (Joway Health Industries Group Inc)

Effect of Sale. Any sale or sales of the Mortgaged Property, whether under the power of sale herein granted and conferred or by virtue of judicial proceedings, shall operate to divest all right, title, interest, claim and demand whatsoever either at law or in equity, of the Mortgagor of, in and to the premises and the property sold, and shall be a perpetual bar, both at law and in equity, against the Mortgagor, and the Mortgagor's ’s successors or assigns, and against any and all persons claiming or who shall thereafter claim all or any of the property sold from, through or under the Mortgagor or the Mortgagor's ’s successors or assigns. Nevertheless, the Mortgagor, if requested by the Trustee so to do, shall join in the execution and delivery of all proper conveyances, assignments and transfers of the properties so sold.

Appears in 1 contract

Samples: Credit Agreement (Concho Resources Inc)

Effect of Sale. Any sale or sales of the Mortgaged Property, whether under the power of sale herein granted and conferred or by virtue of judicial proceedings, shall operate to divest all right, title, interest, claim and demand whatsoever either at law or in equity, of Mortgagor of, in and to the premises and the property sold, and shall be a perpetual bar, both at law and in equity, against Mortgagor, and Mortgagor's successors or assigns, and against any and all persons claiming or who shall thereafter claim all or any of the property sold from, through or under Mortgagor or Mortgagor's successors or assigns. Nevertheless, Mortgagor, shall join in the execution and delivery of all proper conveyances, assignments and transfers of the properties so sold.

Appears in 1 contract

Samples: Calpine Corp

Effect of Sale. Any such sale or sales of the Mortgaged Property, whether under the power of sale herein granted and conferred or by virtue of judicial proceedings, Property shall operate to divest all right, title, interest, claim and demand whatsoever either at law Law or in equity, of the Mortgagor of, in in, and to the premises and the property sold, and shall be a perpetual bar, both at law Law and in equity, against the Mortgagor, and the Mortgagor's ’s successors or assigns, and against any and all persons claiming or who shall thereafter claim all or any of the property sold from, through through, or under Mortgagor the Mortgagor, or the Mortgagor's ’s successors or assigns. Nevertheless, the Mortgagor, if requested by the Mortgagee to do so, shall join in the execution and delivery of all proper conveyances, assignments and transfers of the properties so sold.

Appears in 1 contract

Samples: Mortgage, Security Agreement (Lilis Energy, Inc.)

Effect of Sale. Any sale or sales of the Mortgaged Property, whether under the power of sale herein granted and conferred or by virtue of judicial proceedings, shall operate to divest all right, title, interest, claim and demand whatsoever either at law or in equity, of the Mortgagor of, in and to the premises and the property sold, and shall be a perpetual bar, both at law and in equity, against the Mortgagor, and the Mortgagor's ’s successors or assigns, and against any and all persons claiming or who shall thereafter claim all or any of the property sold from, through or under Mortgagor the Mortgagor, or the Mortgagor's ’s successors or assigns. Nevertheless, the Mortgagor, if requested by the Lender so to do, shall join in the execution and delivery of all proper property conveyances, assignments and transfers of the properties so sold.

Appears in 1 contract

Samples: Mortgage, Security Agreement (American Oil & Gas Inc)

Effect of Sale. Any sale or sales of the Mortgaged Property, whether under the power of sale herein granted and conferred or by virtue of judicial proceedings, shall operate to divest all right, title, interest, claim and demand whatsoever either at law or in equity, of the Mortgagor of, in and to the premises and the property sold, and shall be a perpetual bar, both at law and in equity, against the Mortgagor, and the Mortgagor's ’s successors or assigns, and against any and all persons Persons claiming or who shall thereafter claim all or any of the property sold from, through or under the Mortgagor or the Mortgagor's ’s successors or assigns. Nevertheless, the Mortgagor, if requested by the Administrative Agent so to do, shall join in the execution and delivery of all proper conveyances, assignments and transfers of the properties so sold.

Appears in 1 contract

Samples: Sonoran Energy Inc

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Effect of Sale. Any sale or sales of the Mortgaged Property, whether under the power of sale herein granted and conferred or where permitted by virtue of judicial proceedingsLaw, shall operate to divest all right, title, interest, claim and demand whatsoever either at law Law or in equity, of the Mortgagor of, in in, and to the premises and the property Property sold, and shall be a perpetual bar, both at law Law and in equity, against the Mortgagor, and the Mortgagor's ’s successors or assigns, and against any and all persons claiming or who shall thereafter claim all or any of the property Property sold from, through through, or under Mortgagor the Mortgagor, or the Mortgagor's ’s successors or assigns. Nevertheless, the Mortgagor, if requested by the Mortgagee to do so, shall join in the execution and delivery of all proper conveyances, assignments and transfers of the properties so sold.

Appears in 1 contract

Samples: Credit Agreement (Lilis Energy, Inc.)

Effect of Sale. Any sale or sales of the Mortgaged Property, whether under the power of sale herein granted and conferred or by virtue of judicial proceedings, shall operate to divest all right, title, interest, claim and demand whatsoever either at law or in equity, of the Mortgagor of, in and to the premises and the property sold, and shall be a perpetual bar, both at law and in equity, against the Mortgagor, and the Mortgagor's ’s successors or assigns, and against any and all persons claiming or who shall thereafter claim all or any of the property sold from, through or under the Mortgagor or the Mortgagor's ’s successors or assigns. Nevertheless, the Mortgagor, if requested by the Trustee so to do, shall join in the execution and delivery of all proper conveyances, assignments and transfers of the properties so sold.. Exhibit F

Appears in 1 contract

Samples: Second Lien Credit Agreement (Concho Resources Inc)

Effect of Sale. Any sale or sales of the Mortgaged Encumbered Property, whether under the power of sale herein granted and conferred or by virtue of judicial proceedings, shall operate to divest all right, title, interest, claim and demand whatsoever either at law or in equity, of the Mortgagor of, in and to the premises and the property sold, and shall be a perpetual bar, both at law and in equity, against the Mortgagor, and the Mortgagor's ’s successors or assigns, and against any and all persons claiming or who shall thereafter claim all or any of the property sold from, through or under the Mortgagor or the Mortgagor's ’s successors or assigns. Nevertheless, the Mortgagor, if requested by the Mortgagee so to do, shall join in the execution and delivery of all proper conveyances, assignments and transfers of the properties so sold.

Appears in 1 contract

Samples: Note Purchase Agreement (Uranerz Energy Corp.)

Effect of Sale. Any sale or sales of the Mortgaged Property, whether under the power of sale herein granted and conferred or by virtue of judicial proceedings, Property shall operate to divest all right, title, interest, claim and demand whatsoever either at law or in equity, of the Mortgagor of, in and to the premises and the property sold, and shall be a perpetual bar, both at law and in equity, against the Mortgagor, and the Mortgagor's successors or assigns, and against any and all persons claiming or who shall thereafter claim all or any of the property sold from, through or under the Mortgagor or the Mortgagor's successors or assigns. Nevertheless, the Mortgagor, if requested by the Agent so to do, shall join in the execution and delivery of all proper conveyances, assignments and transfers of the properties so sold.

Appears in 1 contract

Samples: Calpine Corp

Effect of Sale. Any sale or sales of the Mortgaged PropertyProperty or any part thereof, whether under the power of sale herein granted and conferred Louisiana Commercial Laws or by virtue of judicial proceedings, shall operate to divest all right, title, interest, claim and demand whatsoever either at law or in equity, of Mortgagor of, in and to the premises and the property Mortgaged Property sold, and shall be a perpetual bar, both at law and in equity, against Mortgagor, and Mortgagor's successors or assigns, and against any and all persons claiming or who shall thereafter claim all or any of the property sold from, through or under Mortgagor Mortgagor, or Mortgagor's successors or assigns. Nevertheless, Mortgagor, if requested by Mortgagee so to do, shall join in the execution and delivery of all proper conveyances, assignments and transfers of the properties so sold.

Appears in 1 contract

Samples: Transtexas Gas Corp

Effect of Sale. Any sale or sales of the Mortgaged Property, whether under the power of sale herein granted and conferred or by virtue of judicial proceedingsproceedings or otherwise, shall will operate to divest all right, title, interest, claim claim, and demand whatsoever either at law or in equity, equity of Mortgagor of, in in, and to the premises Mortgaged Property sold and the property sold, and shall will be a perpetual bar, both at law and in equity, against Mortgagor, and Mortgagor's successors or assigns, and against any and all persons claiming or who shall thereafter claim all or any of the property sold from, through through, or under Mortgagor Mortgagor, or Mortgagor's successors or assigns. Nevertheless; nevertheless, Mortgagor, shall if requested by Mortgagee so to do, will join in the execution and delivery of all proper conveyances, assignments assignments, and transfers of the properties so sold.

Appears in 1 contract

Samples: Mortgage and Security Agreement

Effect of Sale. Any sale or sales of the Mortgaged Property, whether under the power of sale herein granted and conferred or by virtue of judicial proceedings, shall operate to divest all right, title, interest, claim and demand whatsoever either at law or in equity, of the Mortgagor of, in and to the premises and the property sold, and shall be a perpetual bar, both at law and in equity, against the Mortgagor, and the Mortgagor's ’s successors or assigns, and against any and all persons claiming or who shall thereafter claim all or any of the property sold from, through or under the Mortgagor or the Mortgagor's ’s successors or assigns. Nevertheless, the Mortgagor, if requested by the Mortgagee so to do, shall join in the execution and delivery of all proper conveyances, assignments and transfers of the properties so sold.

Appears in 1 contract

Samples: Uranerz Energy Corp.

Effect of Sale. Any sale or sales of the Mortgaged Property, whether under the power of sale herein granted and conferred or by virtue of judicial proceedings, Property shall operate to divest all right, title, interest, claim and demand whatsoever either at law or in equity, of the Mortgagor of, in in, and to the premises and the property Property sold, and shall be a perpetual bar, both at law and in equity, against the Mortgagor, and the Mortgagor's ’s successors or assigns, and against any and all persons Persons claiming or who shall thereafter claim all or any of the property Property sold from, through through, or under Mortgagor the Mortgagor, or the Mortgagor's ’s successors or assigns. Nevertheless, the Mortgagor, if requested by the Mortgagee to do so, shall join in the execution and delivery of all proper conveyances, assignments and transfers of the properties Properties so sold.

Appears in 1 contract

Samples: Mortgage, Security Agreement (Lilis Energy, Inc.)

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