Common use of Non-Judicial Enforcement Clause in Contracts

Non-Judicial Enforcement. The Collateral Trustee may enforce its rights hereunder without prior judicial process or judicial hearing, and to the extent permitted by law, each Grantor expressly waives any and all legal rights which might otherwise require the Collateral Trustee to enforce its rights by judicial process.

Appears in 3 contracts

Samples: Assumption Agreement (Linn Energy, LLC), Third Lien Security Agreement (Halcon Resources Corp), Assumption Agreement (Halcon Resources Corp)

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Non-Judicial Enforcement. The Collateral Trustee may enforce its rights hereunder without prior judicial process or judicial hearing, and to the extent permitted by law, each Grantor expressly waives any and all legal rights which might otherwise require the Collateral Trustee to enforce its rights by judicial process.

Appears in 1 contract

Samples: Collateral Agreement (Rex Energy Corp)

Non-Judicial Enforcement. The To the extent permitted by law, Collateral Trustee may enforce its rights hereunder without prior judicial process or judicial hearing, and to the extent permitted by law, law each Grantor expressly waives any and all legal rights which might otherwise require the Collateral Trustee to enforce its rights by judicial process.

Appears in 1 contract

Samples: Assumption Agreement (SM Energy Co)

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Non-Judicial Enforcement. The To the extent permitted by law, Collateral Trustee may enforce its rights hereunder without prior judicial process or judicial hearing, and to the extent permitted by law, each Grantor law Pledgor expressly waives any and all legal rights which might otherwise require the Collateral Trustee to enforce its rights by judicial process.

Appears in 1 contract

Samples: Pledge and Security Agreement (SM Energy Co)

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