BENEFIT OF HOLDERS. All Liens granted or contemplated hereby shall be for the benefit of the Collateral Agent for the benefit of the present and future 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 Agent, the Collateral Agent for the benefit of the present Trustee and future Holders of Secured ObligationsHolders, 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 (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 the Collateral Agent for Agent, the benefit of Trustee and the present and future Holders of Secured ObligationsHolders, 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 1 contract
Samples: Security Agreement (Electroglas Inc)
BENEFIT OF HOLDERS. All Liens granted or contemplated hereby shall be for the benefit of the Collateral Agent for the benefit of the present and future Holders of Secured ObligationsHolders, and all proceeds or payments realized from Collateral in accordance herewith shall be applied to the Secured Noteholder Obligations in accordance with the terms of the Indenture.
Appears in 1 contract
Samples: General Security Agreement (United Maritime Group, LLC)
