Common use of Mortgage to Bind and Benefit Successors and Assigns Clause in Contracts

Mortgage to Bind and Benefit Successors and Assigns. All of the covenants, stipulations, promises, undertakings and agreements herein contained by or on behalf of the Mortgagor shall bind its successors and assigns, whether so specified or not, and all titles, rights and remedies hereby granted to or conferred upon the Mortgagees shall pass to and inure to the benefit of the suc- cessors and assigns of the Mortgagees and shall be deemed to be granted or conferred for the ratable benefit and security of all who shall from time to time be a Mortgagee. The Mortgagor hereby agrees to execute such consents, acknowledgements and other instruments as may be reasonably requested by any Mortgagee in connection with the as- signment, transfer, mortgage, hypothecation or pledge of the rights or interests of such Mortgagee hereunder or under the Notes or in and to any of the Mortgaged Property.

Appears in 5 contracts

Samples: Agreement, Agreement, Agreement

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Mortgage to Bind and Benefit Successors and Assigns. All of the covenants, stipulations, promises, undertakings and agreements herein contained by or on behalf of the Mortgagor shall bind its successors and assigns, whether so specified or not, and all titles, rights and remedies hereby granted to or conferred upon the Mortgagees Mortgagee shall pass to and inure to the benefit of the suc- cessors successors and assigns of the Mortgagees Mortgagee and shall be deemed to be granted or conferred for the ratable ratable,benefit and security of all who shall from time to time be a Mortgageemortgagee. The Mortgagor hereby agrees to execute such consents, acknowledgements and other instruments as may be reasonably requested by any the Mortgagee in connection with the as- signmentassignment, transfer, mortgage, hypothecation or pledge of the rights or interests of such the Mortgagee hereunder or under the Notes or in and to any of the Mortgaged Property.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Cap Rock Energy Corp)

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Mortgage to Bind and Benefit Successors and Assigns. All of the covenants, stipulations, promises, undertakings and agreements herein contained by or on behalf of the Mortgagor shall bind its successors and assigns, whether so specified or not, and all titles, rights and remedies hereby granted to or conferred upon the Mortgagees Mortgagee shall pass to and inure to the benefit of the suc- cessors successors and assigns of the Mortgagees Mortgagee and shall be deemed to be granted or conferred for the ratable benefit and security of all who shall from time to time be a Mortgageethe Holders of Notes executed and delivered as herein provided. The Mortgagor hereby agrees to execute such consents, acknowledgements and other instruments as may be reasonably requested by the Mortgagee or any Mortgagee Noteholder in connection with the as- signmentassignment, transfer, mortgage, hypothecation or pledge of the rights or interests of such the Mortgagee or any Noteholder hereunder or under the Notes notes or in and to any of the Mortgaged Property.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Cap Rock Energy Corp)

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