Maximum Indebtedness Secured. Debtor, Secured Party and Trustee agree and acknowledge that Secured Party may elect to make additional advances under the terms of the Note, the Credit Agreement or otherwise, and that any such future advances shall be subject to, and secured by, this Instrument. Should the Obligations decrease or increase pursuant to the terms of the Note, the Credit Agreement or otherwise, at any time or from time to time, this Instrument shall retain its priority position of record until the termination of the Credit Agreement and until full, final and complete payment of all the Obligations. The aggregate unpaid principal amount, exclusive of interest, of the Obligations outstanding at any particular time (after having given effect to all advances and all repayments made prior to such time) which is secured by the Collateral shall not aggregate in excess of Nine Million Dollars ($9,000,000). Such amount does not in any way imply that Secured Party is obligated to make any future advances to Debtor at any time unless specifically so provided in the Credit Agreement or any other loan document.
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Sources: Deed of Trust (Recovery Energy, Inc.), Deed of Trust (Recovery Energy, Inc.)
Maximum Indebtedness Secured. Debtor, Secured Party and the relevant Trustee agree and acknowledge that Secured Party may elect to make additional advances under the terms of the Note, the Credit Loan Agreement or otherwise, and that any such future advances shall be subject to, and secured by, this Instrument. Should the Obligations decrease or increase pursuant to the terms of the Note, the Credit Loan Agreement or otherwise, at any time or from time to time, this Instrument shall retain its priority position of record until the termination of the Credit Loan Agreement and until full, final and complete payment of all the Obligations. The aggregate unpaid principal amount, exclusive of interest, of the Obligations outstanding at any particular time (after having given effect to all advances and all repayments made prior to such time) which is secured by the Collateral shall not aggregate in excess of Nine Fifteen Million Dollars Thousand ($9,000,00015,000,000). Such amount does not in any way imply that the Secured Party is obligated to make any future advances to Debtor at any time unless specifically so provided in the Credit Loan Agreement or any other loan document.
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