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201305319
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Last modified
8/19/2014 2:23:28 PM
Creation date
7/2/2013 4:44:32 PM
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DEEDS
Inst Number
201305319
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30 <br />201305319 <br />the rate set forth in Section 2.9(c) of the Credit Agreement. The foregoing indemnities shall not <br />terminate upon the Release Date (as hereinafter defined) or upon the release, foreclosure or other <br />termination of this Mortgage but will survive the Release Date, foreclosure of this Mortgage or <br />conveyance in lieu of foreclosure, and the repayment of the secured indebtedness and the <br />discharge and release of this Mortgage and the other documents evidencing and/or securing the <br />secured indebtedness with respect to claims or actions arising out of events that occur prior to the <br />Release Date. The "Release Date" as used herein shall mean the earlier of the following two <br />dates: (i) the date on which the indebtedness and other obligations secured hereby have been paid <br />and performed in full (other than (A) contingent indemnification obligations and (B) obligations <br />and liabilities under Specified Cash Management Agreements and Specified Swap Agreements <br />either (x) as to which arrangements satisfactory to the applicable Secured Party shall have been <br />made or (y) notice has not been received by the Administrative Agent from the applicable <br />Secured Party that such amounts are then due and payable)) and this Mortgage has been released <br />of record, or (ii) the date on which the Lien of this Mortgage is foreclosed or a deed in lieu of <br />such foreclosure is fully effective and recorded. WITHOUT LIMITATION, IT IS THE <br />INTENTION OF MORTGAGOR AND MORTGAGOR AGREES THAT THE <br />FOREGOING RELEASES AND INDEMNITIES SHALL APPLY TO EACH <br />INDEMNIFIED PARTY WITH RESPECT TO ALL CLAIMS, DEMANDS, <br />LIABILITIES, LOSSES, DAMAGES (INCLUDING WITHOUT LIMITATION <br />CONSEQUENTIAL DAMAGES), CAUSES OF ACTION, JUDGMENTS, PENALTIES, <br />COSTS AND EXPENSES (INCLUDING WITHOUT LIMITATION REASONABLE <br />ATTORNEYS' FEES AND EXPENSES) WHICH IN WHOLE OR IN PART ARE <br />CAUSED BY OR ARISE OUT OF THE NEGLIGENCE OF SUCH (AND /OR ANY <br />OTHER) INDEMNIFIED PARTY. However, such indemnities shall not apply to any <br />particular indemnified party (but shall apply to the other indemnified parties) to the extent the <br />subject of the indemnification is caused by or arises out of the gross negligence or willful <br />misconduct of such particular indemnified party. <br />Section 3.5. Mortgagor's Absolute Obligation to Pay Note. Nothing herein contained <br />shall detract from or limit the obligations of Mortgagor to make prompt payment of the Notes, <br />and any and all other secured indebtedness, at the time and in the manner provided herein, in the <br />Loan Documents, any Specified Swap Agreement, and any Specified Cash Management <br />Agreement, regardless of whether the Rents herein assigned are sufficient to pay same, and the <br />rights under this Article III shall be cumulative of all other rights under the Loan Documents, <br />any Specified Swap Agreement, and any Specified Cash Management Agreement. <br />Section 3.6. Change of Purchaser. To the extent applicable, and if a default has occurred <br />hereunder and is continuing, should any person now or hereafter purchasing or taking production <br />related to any Pipeline System fail to make payment promptly to Administrative Agent of the <br />related production proceeds, Administrative Agent shall, subject to then existing contractual <br />prohibitions, have the right to make, or to require Mortgagor to make, a change of purchaser, and <br />the right to designate or approve the new purchaser, and Administrative Agent shall have no <br />liability or responsibility in connection therewith so long as ordinary care is used in making such <br />designation. <br />Section 3.7. Rights Under Oklahoma Oil and Gas Owners' Lien Act. Mortgagor hereby <br />grants, sells, assigns and sets over unto Administrative Agent during the term hereof, all of <br />
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