BENEFIT OF HOLDERS. All Liens granted or contemplated hereby shall be for the benefit of Agent, the Trustee and Holders, and all proceeds or payments realized from Collateral in accordance herewith shall be applied to the Obligations in accordance with the terms of the Indenture.
Appears in 4 contracts
Samples: Security Agreement (Acg Holdings Inc), Securities Purchase Agreement (Rockford Corp), Security Agreement (Umt Holdings Lp)
BENEFIT OF HOLDERS. All Liens granted or contemplated hereby shall be for the benefit of Agent, the Trustee Collateral Agent for the benefit of the present and Holdersfuture Holders of Secured Obligations, and all proceeds or payments realized from Collateral in accordance herewith shall be applied to the Secured Obligations in accordance with the terms of the Indenture.
Appears in 4 contracts
Samples: Security Agreement (H&e Equipment Services LLC), Security Agreement (H&e Equipment Services LLC), Security Agreement (H&e Equipment Services LLC)
BENEFIT OF HOLDERS. All Liens granted or contemplated hereby shall be for the benefit of AgentCollateral Agent and Trustee, each individually, and Holders of the Trustee and HoldersNotes, and all proceeds or payments realized from Second Lien Collateral in accordance herewith shall be applied to the Secured Obligations (x) until the Payment in Full of all Obligations (as such terms are defined in the Intercreditor Agreement), in accordance with the terms of the Intercreditor Agreement, and (y) thereafter, in accordance with the terms of the Second Lien Indenture.
Appears in 1 contract
Samples: Second Lien Security Agreement (Finlay Fine Jewelry Corp)
BENEFIT OF HOLDERS. All Liens granted or contemplated hereby shall be for the benefit of the Agent, the Trustee and the Holders, and all proceeds or payments realized from Collateral in accordance herewith shall be applied to the Obligations in accordance with the terms of the Indenture.
Appears in 1 contract
Samples: Security Agreement (Electroglas Inc)
BENEFIT OF HOLDERS. All Liens granted or contemplated hereby shall be for the benefit of Agent, the Trustee Collateral Agent and Holders, and all proceeds or payments realized from Collateral in accordance herewith shall be applied to the Noteholder Obligations in accordance with the terms of the Indenture.
Appears in 1 contract
Samples: General Security Agreement (United Maritime Group, LLC)
