Common use of Disposition of Collateral Clause in Contracts

Disposition of Collateral. Notwithstanding any term or provision, express or implied, in any of the Security Instruments, the realization, liquidation, foreclosure, or any other disposition on or of any or all of the Collateral shall be in the order and manner and determined in the sole discretion of the Lender; provided, however, that in no event shall the Lender violate applicable law or exercise rights and remedies other than those provided in such Security Instruments or otherwise existing at law or in equity.

Appears in 19 contracts

Samples: Credit Agreement (Rocky Mountain Energy Corp), Credit Agreement (Stratum Holdings, Inc.), Credit Agreement (Exploration Co of Delaware Inc)

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Disposition of Collateral. Notwithstanding any term or provision, express or implied, in any of the Security InstrumentsDocuments, but subject to applicable provisions of this Agreement, the realization, liquidation, foreclosure, foreclosure or any other disposition on or of any or all of the Collateral shall be in the order and manner and determined in the sole discretion of the LenderAgent; provided, however, that in no event shall the Lender Agent violate applicable law or exercise rights and remedies other than those provided in such Security Instruments Documents or otherwise existing at law or in equity.

Appears in 6 contracts

Samples: Credit Agreement (Contango Oil & Gas Co), Credit Agreement (Primeenergy Corp), Credit Agreement (Gastar Exploration LTD)

Disposition of Collateral. Notwithstanding any term or ------------------------- provision, express or implied, in any of the Security Instruments, the realization, liquidation, foreclosure, or any other disposition on or of any or all of the Collateral shall be in the order and manner and determined in the sole discretion of the Lender; provided, however, that in no event shall the Lender violate applicable law or exercise rights and remedies other than those provided in such Security Instruments or otherwise existing at law or in equity.

Appears in 3 contracts

Samples: Assignment Agreement (Southern Mineral Corp), Credit Agreement (Pendaries Petroleum LTD), Credit Agreement (Sheridan Energy Inc)

Disposition of Collateral. Notwithstanding any term or provision, express or implied, in any of the Security InstrumentsDocuments, the realization, liquidation, foreclosure, foreclosure or any other disposition on or of any or all of the Collateral Property of any of the Borrowers subject to the Security Documents shall be in the order and manner and determined in the sole discretion of the LenderAgent; provided, however, that in no event shall the Lender Agent violate applicable law or exercise rights and remedies other than those provided in such Security Instruments Documents or otherwise existing at law or in equity.

Appears in 2 contracts

Samples: Term Loan Agreement (Royale Energy Holdings, Inc.), Term Loan Agreement (Royale Energy Holdings, Inc.)

Disposition of Collateral. Notwithstanding any term or provision, express or implied, in any of the Security Instruments, the realization, liquidation, foreclosure, foreclosure or any other disposition on or of any or all of the Collateral shall be in the order and manner and determined in the sole discretion of the Lender; provided, provided however, that in no event shall the Lender violate applicable law Law or exercise rights and remedies other than those provided in such Security Instruments or otherwise existing at law or in equity.

Appears in 2 contracts

Samples: Credit Agreement (Pontotoc Production Inc), Credit Agreement (Fortune Natural Resources Corp)

Disposition of Collateral. Notwithstanding any term or provision, express or implied, in any of the Security Instruments, the realization, liquidation, foreclosure, or any other disposition on or of any or all of the Collateral shall be in the order and manner and determined in the sole discretion of the LenderAgent; provided, however, that in no event shall the Lender Agent violate applicable law or exercise rights and remedies other than those provided in such Security Instruments or otherwise existing at law or in equity.

Appears in 2 contracts

Samples: Credit Agreement (Primeenergy Corp), Credit Agreement (Primeenergy Corp)

Disposition of Collateral. Notwithstanding any term or provision, express or implied, in any of the Security Instruments, the realization, liquidation, foreclosure, foreclosure or any other disposition on or of any or all of the Collateral shall be in the order and manner and determined in the sole discretion of the LenderBank; provided, provided however, that in no event shall the Lender Bank violate applicable law Law or exercise rights and remedies other than those provided in such Security Instruments or otherwise existing at law or in equity.

Appears in 2 contracts

Samples: Loan Agreement (Windsor Energy Resources, Inc.), Loan Agreement (Windsor Energy Resources, Inc.)

Disposition of Collateral. Notwithstanding any term or provision, express or implied, in any of the Security Instruments, the realization, liquidation, foreclosure, or any other disposition on or of any or all of the Collateral shall be in the order and manner and determined in the sole discretion of the LenderAgent or the Lenders; provided, however, that in no event shall the Lender Agent or the Lenders violate applicable law or exercise rights and remedies other than those provided in such Security Instruments or otherwise existing at law or in equity.

Appears in 1 contract

Samples: Credit Agreement (Harken Energy Corp)

Disposition of Collateral. Notwithstanding any term or provision, express or implied, in any of the Security Instruments, the realization, liquidation, foreclosure, foreclosure or any other disposition on or of any or all of the Collateral shall be in the order and manner and determined in the sole discretion of the LenderLenders holding a majority of the Loans; provided, provided however, that in no event shall the Lender Lenders or the Administrative Agent violate applicable law Law or exercise rights and remedies other than those provided in such Security Instruments or otherwise existing at law or in equity.

Appears in 1 contract

Samples: Credit Agreement (Starboard Resources, Inc.)

Disposition of Collateral. Notwithstanding any term or provision, express or implied, in any of the Security Instruments, the realization, liquidation, foreclosure, or any other disposition on or of any or all of the Collateral shall be in the order and manner and determined in the sole discretion of the Lender; provided, however, that in no event shall the Lender violate applicable law or exercise rights and remedies other than those provided in such Security Instruments or otherwise existing at law or in equity.

Appears in 1 contract

Samples: Credit Agreement (United Heritage Corp)

Disposition of Collateral. Notwithstanding any term or provision, express or implied, in any of the Security Instruments, the realization, liquidation, foreclosure, foreclosure or any other disposition on or of any or all of the Collateral shall be in the order and manner and determined in the sole discretion of the Lender; provided, however, that in no event shall the Lender violate applicable law or exercise rights and remedies other than those provided in such Security Instruments or otherwise existing at law or in equity.

Appears in 1 contract

Samples: Credit Agreement (Alamco Inc)

Disposition of Collateral. Notwithstanding any term or provision, express or implied, in any of the Security Instruments, the realization, liquidation, foreclosure, foreclosure or any other disposition on or of any or all of the Collateral shall be in the order and manner and determined in the sole discretion of the LenderBank; provided, provided however, that in no event shall the Lender Bank violate applicable law Law or exercise rights and remedies other than those provided in such Security Instruments or otherwise existing at law Law or in equity.

Appears in 1 contract

Samples: Loan Agreement (Hiland Holdings GP, LP)

Disposition of Collateral. Notwithstanding any term or provision, express or implied, in any of the Security Instruments, upon the occurrence of an Event of Default, the realization, liquidation, foreclosure, or any other disposition on or of any or all of the Collateral by the Lender shall be in the order and manner and determined in the sole discretion of the Lender; provided, however, that in no event shall the Lender violate applicable law or exercise rights and remedies other than those provided in such Security Instruments or otherwise existing at law or in equity.

Appears in 1 contract

Samples: Credit Agreement (Midcoast Energy Resources Inc)

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Disposition of Collateral. Notwithstanding any term or provision, express or implied, in any of the Security InstrumentsDocuments, the realization, liquidation, foreclosure, foreclosure or any other disposition on or of any or all of the Collateral shall be in the order and manner and determined in the sole discretion of the LenderLenders holding a majority of the Loans; provided, provided however, that in no event shall the Lender Lenders or the Administrative Agent violate applicable law Law or exercise rights and remedies other than those provided in such Security Instruments Documents or otherwise existing at law or in equity.

Appears in 1 contract

Samples: Credit Agreement (Starboard Resources, Inc.)

Disposition of Collateral. Notwithstanding any term or provision, express or implied, in any of the Security InstrumentsDocuments, but subject to applicable provisions of this Agreement, the realization, liquidation, foreclosure, foreclosure or any other disposition on or of any or all of the Collateral shall be in the order and manner and determined in the sole discretion of the Lender; provided, however, that in no event shall the Lender violate applicable law or exercise rights and remedies other than those provided in such Security Instruments Documents or otherwise existing at law or in equity.

Appears in 1 contract

Samples: Credit Agreement (Cross Border Resources, Inc.)

Disposition of Collateral. Notwithstanding any term or provision, ------------------------- express or implied, in any of the Security Instruments, the realization, liquidation, foreclosure, foreclosure or any other disposition on or of any or all of the Collateral shall be in the order and manner and determined in the sole discretion of the Lender; provided, provided however, that in no event shall the Lender ---------------- violate applicable law Law or exercise rights and remedies other than those provided in such Security Instruments or otherwise existing at law or in equity.

Appears in 1 contract

Samples: Credit Agreement (Canaan Energy Corp)

Disposition of Collateral. Notwithstanding any term or provision, express or implied, in any of the Security Instruments, the realization, liquidation, foreclosure, foreclosure or any other disposition on or of any or all of the Collateral shall be in the order and manner and determined in the sole discretion of the LenderAgent; provided, however, that in no event shall the Lender Agent violate applicable law or exercise rights and remedies other than those provided in such Security Instruments or otherwise existing at law or in equity.

Appears in 1 contract

Samples: Credit Agreement (Cliffs Drilling Co)

Disposition of Collateral. Notwithstanding Except as expressly provided to the contrary in this Agreement, notwithstanding any term or provision, express or implied, in any of the Security InstrumentsDocuments, the realization, liquidation, foreclosure, foreclosure or any other disposition on or of any or all of the Collateral shall be in the order and manner and determined in the sole discretion of the Lender; provided, however, that in no event shall the Lender violate applicable law or exercise rights and remedies other than those provided in such Security Instruments Documents or otherwise existing at law or in equity.

Appears in 1 contract

Samples: Credit Agreement (NiMin Energy Corp.)

Disposition of Collateral. Notwithstanding any term or provision, express or implied, in any of the Security InstrumentsDocuments, upon the occurrence and continuation of an Event of Default, the realization, liquidation, foreclosure, foreclosure or any other disposition on or of any or all of the Collateral Property of the Borrowers subject to the Security Documents shall be in the order and manner and determined in the sole discretion of the LenderAgent; provided, however, that in no event shall the Lender Agent violate applicable law or exercise rights and remedies other than those provided in such Security Instruments Documents or otherwise existing at law or in equity.

Appears in 1 contract

Samples: Term Loan Agreement (Viking Energy Group, Inc.)

Disposition of Collateral. Notwithstanding any term or provision, express or implied, in any of the Security Instruments, the realization, liquidation, foreclosure, or any other disposition on or of any or all of the Collateral shall be in the order and manner and determined in the sole discretion of the LenderLenders; provided, however, that in no event shall the any Lender violate applicable law or exercise rights and remedies other than those provided in such Security Instruments or otherwise existing at law or in equity.

Appears in 1 contract

Samples: Credit Agreement (Primeenergy Corp)

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