Account Debtors. Mortgagee may, in its discretion, after the occurrence and during the continuance of any Event of Default, notify any account debtor to make payments directly to Mortgagee and contact account debtors directly to verify information furnished by Mortgagor. Mortgagee shall not have any obligation to preserve any rights against prior parties.
Appears in 7 contracts
Samples: Credit Agreement (Holly Energy Partners Lp), Security Agreement (Holly Energy Partners Lp), Credit Agreement (Mariner Energy Resources, Inc.)
Account Debtors. Mortgagee may, in its discretion, after the occurrence and during the continuance of any an Event of Default, notify any account debtor to make payments directly to Mortgagee and contact account debtors directly to verify information furnished by Mortgagor. Mortgagee shall not have any obligation to preserve any rights against prior parties.
Appears in 4 contracts
Samples: Subordinated Credit Agreement (Cano Petroleum, Inc), Security Agreement (Cano Petroleum, Inc), Credit Agreement (Cano Petroleum, Inc)
