Common use of Security Rights Clause in Contracts

Security Rights. In addition to any other security rights and remedies provided by law with respect to services rendered or materials and equipment furnished under this Agreement, for and in consideration of the covenants and mutual undertakings of the Operator and the Non-Operators herein, the Parties shall have the following security rights:

Appears in 2 contracts

Sources: Offshore Operating Agreement (Ridgewood Energy L Fund LLC), Offshore Operating Agreement (Ridgewood Enengy K Fund LLC)

Security Rights. In addition to any other security rights and remedies provided by law with respect to services rendered or materials and equipment furnished under this Agreement, Agreement for and in consideration of the covenants and mutual undertakings of the Operator and the Non-Operators operators herein, the Parties shall have the following security rights:

Appears in 1 contract

Sources: Offshore Operating Agreement (Ridgewood Energy P Fund LLC)