Application of Payments to Certain Obligations. If any part of the secured obligations cannot be lawfully secured by this Mortgage or if any part of the Mortgaged Properties cannot be lawfully subject to the lien, privilege and security interest hereof to the full extent of such obligations, then all payments made shall be applied on said obligations first in discharge of that portion thereof which is not secured by this Mortgage.
Appears in 12 contracts
Sources: Mortgage (Chesapeake Granite Wash Trust), Mortgage (Chesapeake Granite Wash Trust), Mortgage (Chesapeake Granite Wash Trust)
Application of Payments to Certain Obligations. If any part of the secured obligations Secured Obligations cannot be lawfully secured by this Mortgage or if any part of the Mortgaged Properties Property cannot be lawfully subject to the lien, privilege and security interest Lien hereof to the full extent of such obligationsthe Secured Obligations, then all payments made shall be applied on said obligations Secured Obligations first in discharge of that portion thereof which is not secured by this Mortgage.
Appears in 7 contracts
Sources: Exchange Agreement (Ultra Petroleum Corp), Mortgage, Deed of Trust, Assignment of as Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement (Sundance Energy Australia LTD), Mortgage, Deed of Trust, Assignment of as Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement (Sundance Energy Australia LTD)
Application of Payments to Certain Obligations. If any part of the secured obligations Obligations cannot be lawfully secured by this Mortgage or if any part of the Mortgaged Properties Collateral cannot be lawfully subject to the lien, privilege and security interest Lien hereof to the full extent of such obligationsthe Obligations, then all payments made shall be applied on said obligations Obligations first in discharge of that portion thereof which that is not secured by this Mortgage.
Appears in 5 contracts
Sources: Credit Agreement (Talos Energy Inc.), Credit Agreement (Vine Resources Inc.), Credit Agreement (Vine Resources Inc.)
Application of Payments to Certain Obligations. If any part of the secured obligations Obligations cannot be lawfully secured by this Mortgage Agreement or if any part of the Mortgaged Properties Property cannot be lawfully subject to the lien, privilege lien and security interest hereof to the full extent of such obligationsthe Obligations, then all payments made shall be applied on said obligations Obligations first in discharge of that portion thereof which is not secured by this MortgageAgreement.
Appears in 3 contracts
Sources: Credit Agreement (Synergy Resources Corp), Credit Agreement (Synergy Resources Corp), Credit Agreement (Synergy Resources Corp)
Application of Payments to Certain Obligations. If any part of the secured obligations cannot be lawfully secured by this Mortgage Deed of Trust or if any part of the Mortgaged Properties cannot be lawfully subject to the lien, privilege and security interest hereof to the full extent of such obligations, then all payments made shall be applied on said obligations first in discharge of that portion thereof which is not secured by this MortgageDeed of Trust.
Appears in 2 contracts
Sources: Deed of Trust (SandRidge Permian Trust), Deed of Trust (SandRidge Permian Trust)
Application of Payments to Certain Obligations. If any part of the secured obligations Secured Obligations cannot be lawfully secured by this Mortgage or if any part of the Mortgaged Properties Collateral cannot be lawfully subject to the lien, privilege and security interest Lien hereof to the full extent of such obligationsthe Secured Obligations, then all payments made shall be applied on said obligations Secured Obligations first in discharge of that portion thereof which is not secured by this Mortgage.
Appears in 2 contracts
Sources: Mortgage and Security Agreement (SandRidge Mississippian Trust II), Mortgage and Security Agreement (SandRidge Mississippian Trust II)
Application of Payments to Certain Obligations. If any part of the secured obligations Obligations cannot be lawfully secured by this Mortgage Deed of Trust or if any part of the Mortgaged Properties Property cannot be lawfully subject to the lien, privilege lien and security interest hereof to the full extent of such obligationsthe Obligations, then all payments made shall shall, unless otherwise designated by the Beneficiary, be applied on said obligations the Obligations first in discharge of that portion thereof which is not secured by this MortgageDeed of Trust.
Appears in 2 contracts
Sources: Deed of Trust (Green Plains Renewable Energy, Inc.), Deed of Trust, Security Agreement, Fixture Filing and Assignment of Leases and Rents (Green Plains Renewable Energy, Inc.)
Application of Payments to Certain Obligations. If any part of the secured obligations Obligations cannot be lawfully secured by this Mortgage or if any part of the Mortgaged Properties Property cannot be lawfully subject to the lien, privilege lien and security interest hereof to the full extent of such obligationsthe Obligations, then all payments made shall shall, unless otherwise designated by the Mortgagee, be applied on said obligations the Obligations first in discharge of that portion thereof which is not secured by this Mortgage.
Appears in 1 contract
Application of Payments to Certain Obligations. If any part of the secured obligations Secured Obligations cannot be lawfully secured by this Mortgage or if any part of the Mortgaged Properties Collateral cannot be lawfully subject to the lien, privilege and security interest lien hereof to the full extent of such obligationsthe Secured Obligations, then all payments made shall be applied on said obligations Secured Obligations first in discharge of that portion thereof which is not secured by this Mortgage.
Appears in 1 contract
Sources: Second Lien Security Agreement