Common use of Benefit of the Secured Parties Clause in Contracts

Benefit of the Secured Parties. All Liens granted or contemplated hereby shall be for the benefit of the Secured Parties, and all proceeds or payments realized from the Collateral in accordance herewith shall be applied to the Secured Obligations in accordance with the terms of the Credit Agreement and the other Loan Documents.

Appears in 4 contracts

Samples: Canadian Security Agreement (United Rentals North America Inc), Canadian Security Agreement (United Rentals North America Inc), Security Agreement (United Rentals North America Inc)

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Benefit of the Secured Parties. All Liens security interests granted or contemplated hereby shall be for the benefit of the Secured Parties, and all proceeds or payments realized from the Pledged Collateral in accordance herewith shall be applied to the Secured Obligations in accordance with the terms of the Credit Agreement Indenture and the other Loan DocumentsIntercreditor Agreement.

Appears in 3 contracts

Samples: Pledge Agreement (Neff Rental LLC), Pledge Agreement (Neff Finance Corp.), Pledge Agreement (Neff Corp)

Benefit of the Secured Parties. All Liens granted or contemplated hereby shall be for the benefit of the Agent on behalf of the Secured Parties, and all proceeds or payments realized from the Collateral in accordance herewith shall be applied to the Secured Note Obligations in accordance with the terms of the Credit Agreement and the other Loan DocumentsIndenture.

Appears in 3 contracts

Samples: Security Agreement (Neff Finance Corp.), Security Agreement (Neff Corp), Security Agreement (Neff Rental LLC)

Benefit of the Secured Parties. All Liens granted or contemplated hereby shall be for the benefit of the Secured Parties, Parties and all proceeds or payments realized from the Collateral in accordance herewith shall be applied to the Secured Obligations in accordance with the terms of the Credit Agreement and the other Loan Documents.

Appears in 3 contracts

Samples: Term Loan Security Agreement (ProFrac Holding Corp.), Security Agreement (United Rentals Inc /De), Security Agreement (United Rentals North America Inc)

Benefit of the Secured Parties. All Liens granted or contemplated hereby shall be for the benefit of the Secured Parties, and all proceeds or payments realized from the Collateral in accordance herewith shall be applied to the Secured Obligations in accordance with the terms of the Credit Agreement and the other Loan DocumentsPurchase Agreement.

Appears in 2 contracts

Samples: Security Agreement (Concepts Direct Inc), Security Agreement (St Cloud Capital Partners Lp)

Benefit of the Secured Parties. All Liens granted or contemplated hereby shall be for the benefit of the Secured PartiesParties and, and subject to the Intercreditor Agreement, all proceeds or payments realized from the Collateral in accordance herewith shall be applied to the Secured Obligations in accordance with Section 22(d) hereof and, to the extent of distributions pursuant thereto in respect the various Secured Obligations, in accordance with the terms of the Credit Agreement and the other Loan applicable Second Lien Documents.

Appears in 2 contracts

Samples: Security Agreement (United Rentals Inc /De), Security Agreement (United Rentals North America Inc)

Benefit of the Secured Parties. All Liens granted or contemplated hereby shall be for the benefit of the Secured PartiesParties and, and subject to any Applicable Intercreditor Agreement, all proceeds or payments realized from the Collateral in accordance herewith shall be applied to the Secured Obligations in accordance with the terms of the Credit Agreement and the other Loan Documents.

Appears in 2 contracts

Samples: Term Loan Security Agreement (United Rentals North America Inc), Credit and Guaranty Agreement (United Rentals North America Inc)

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Benefit of the Secured Parties. All Liens granted or contemplated hereby shall be for the benefit of the Secured Parties, and all proceeds or payments realized from the Collateral in accordance herewith shall be applied to the Secured Obligations (or the Guaranteed Obligations, as applicable) in accordance with the terms of the Credit Agreement Agreement, and the other Loan Documents.

Appears in 2 contracts

Samples: Canadian Security Agreement (United Rentals Inc /De), Canadian Security Agreement (United Rentals North America Inc)

Benefit of the Secured Parties. All Liens granted or contemplated hereby shall be for the benefit of the Secured PartiesParties and, and subject to any Applicable Intercreditor Agreement, all proceeds or payments realized from the Collateral in accordance herewith shall be applied to the Secured Obligations in accordance with Section 21(d) hereof and, to the extent of distributions pursuant thereto in respect the various Secured Obligations, in accordance with the terms of the Credit Agreement and the other Loan applicable Second Lien Documents.

Appears in 1 contract

Samples: Security Agreement (United Rentals North America Inc)

Benefit of the Secured Parties. All Liens granted or contemplated hereby shall be for the benefit of the Secured Parties, Parties and all proceeds or payments realized from the Collateral in accordance herewith shall be applied to the Secured Obligations in accordance with the terms of the Credit Agreement Indenture and the other Loan Note Documents.

Appears in 1 contract

Samples: Security Agreement (ProFrac Holding Corp.)

Benefit of the Secured Parties. All Liens granted or contemplated hereby shall be for the benefit of the Secured Parties, and all proceeds or payments realized from the Collateral in accordance herewith shall be applied to the Secured Obligations in accordance with the terms of the Credit Agreement and the other Loan DocumentsObligations.

Appears in 1 contract

Samples: Security Agreement (Concepts Direct Inc)

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