Common use of BENEFIT OF THE SECURED PARTY Clause in Contracts

BENEFIT OF THE SECURED PARTY. All Security Interests granted or contemplated hereby and the trust hereby created shall be for the benefit of the Secured Party, and all proceeds or payments realized from Collateral in accordance herewith shall be applied to the Obligations as determined by the Secured Party in its sole and absolute discretion.

Appears in 8 contracts

Samples: Cryptocurrency Security Agreement, Cryptocurrency Security Agreement, Security Agreement

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