Fixture Collateral Sample Clauses

Fixture Collateral. If any of the Collateral does or will consist of fixtures, timber, minerals (including oil or gas), or accounts resulting from the sale of minerals at the wellhead or minehead ("Fixture Collateral"), the full legal name of the record owner of the real estate on which such fixtures, timber or minerals are located and the legal description of such real estate shall be attached to this Agreement as Schedule "A". It is the intent of Debtor to subject all Fixture Collateral to the security interest granted hereby, whether or not a Schedule "A" is attached to this Agreement. Debtor upon request of the Bank shall furnish the Bank with consents or disclaimers filed by all persons having an interest in the real estate upon which any of the Fixture Collateral is located (including owners, mortgage holders, and Lessees) consenting to the Bank's security interest and acknowledging its priority or disclaiming any interest in the Collateral. At the Bank's request, Debtor shall promptly furnish the Bank with a complete list describing all items of Collateral which are or may be or may become Fixture Collateral and the location thereof, as well as other information with respect to such Fixture Collateral reasonably requested by the Bank. Debtor shall promptly notify the Bank of any Collateral acquired after the date of this Agreement which may be or become Fixture Collateral under applicable law.

Fixture Collateral. Upon the occurrence of any Event of Default, or at any time thereafter, Beneficiary may elect to treat the Fixture Collateral as either Realty Collateral or as Personalty Collateral (but not both) and proceeds to exercise such rights as apply to the type of Collateral selected.