Common use of Benefit of Secured Parties Clause in Contracts

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

Appears in 6 contracts

Samples: Pledge Agreement (Cinedigm Digital Cinema Corp.), Pledge Agreement (Cinedigm Digital Cinema Corp.), Pledge Agreement (Cinedigm Digital Cinema Corp.)

AutoNDA by SimpleDocs

Benefit of Secured Parties. All security interests granted or contemplated hereby shall be for the benefit of the Collateral Agent and the its successors and assigns and Secured Parties, and all proceeds or payments realized from the Pledged Collateral in accordance herewith shall be applied to the Secured Obligations as set forth in accordance with the terms Section 8(i) of the Credit this Agreement.

Appears in 1 contract

Samples: Shared Pledge Agreement (Blount International Inc)

Benefit of Secured Parties. All security interests Liens granted or contemplated hereby shall be for the benefit of the Collateral Agent Agent, individually, and 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 manner determined by the Credit AgreementCollateral Agent in its sole discretion.

Appears in 1 contract

Samples: Security Agreement (Inergetics Inc)

Benefit of Secured Parties. All pledges and security interests granted or contemplated hereby shall be for the benefit of the Collateral Agent and 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.

Appears in 1 contract

Samples: Pledge Agreement (Energysouth Inc)

AutoNDA by SimpleDocs

Benefit of Secured Parties. All security interests granted or contemplated hereby shall be for the benefit of the Collateral Agent and 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 Guarantee and Security Agreement.

Appears in 1 contract

Samples: Pledge Agreement (FS Energy & Power Fund)

Benefit of Secured Parties. All security interests granted or contemplated hereby shall be for the benefit of the Collateral Agent and the Secured Parties, and all proceeds or payments realized from the Pledged Collateral in accordance herewith shall be applied to the Obligations in accordance with the terms of the Credit Agreement. 22.

Appears in 1 contract

Samples: Pledge Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.