Common use of Sale or Mortgage of the Mortgaged Property Clause in Contracts

Sale or Mortgage of the Mortgaged Property. Except (a) as set forth in Section 6.1 of this Mortgage; (b) for sales of severed Hydrocarbons in the ordinary course of Mortgagor's business; (c) for sales of or dispositions of surplus, obsolete or worn inventory or equipment; (d) for the lien and security interest created by this Mortgage, (e) for Permitted Encumbrances, and (f) for sales, exchanges or other dispositions of Mortgaged Property permitted under the Secured Debt Documents governing Priority Lien Debt and permitted under the Secured Debt Documents governing Parity Lien Debt, Mortgagor will not sell, convey, mortgage, pledge, hypothecate, pool, unitize or otherwise dispose of or encumber the Mortgaged Property nor any portion thereof, nor any of Mortgagor's right, title or interest therein, and Mortgagor will not enter into any arrangement with any gas pipeline company or other consumer of Hydrocarbons regarding the Mortgaged Property whereby said gas pipeline company or consumer may set off any claim against Mortgagor by withholding payment for any Hydrocarbons actually delivered.