Benefit of Lender. All security interests granted or contemplated hereby shall be for the benefit of the Lender, 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.
Benefit of Lender. All Liens granted or contemplated hereby shall be for the benefit of Lender, and all proceeds or payments realized from Collateral in accordance herewith shall be applied to the Secured Obligations.
Benefit of Lender. The rights of the Lender under the Loan Documents are for the benefit of Lender solely in its capacity as a lender in connection with the Loan and are not intended to benefit the Lender in its capacity as the “Buyer” under the Option Agreement.
Benefit of Lender. For the avoidance of doubt, Bxxxxxxx’s obligation to the pay the Lender Royalties shall be contingent on Borrower’s actual receipt of Royalties and the Lender Royalties shall not be considered a portion of the Indebtedness.
Benefit of Lender. All rights, powers and remedies granted Lender herein, or otherwise available to Lender, are for the sole benefit and protection of Lender, and Lender may exercise any such right, power or remedy at its option and in its sole and absolute discretion without any obligation to do so. In addition, if under the terms hereof, Lender is given two or more alternative courses of action, Lender may elect any alternative or combination of alternatives at its option and in its sole and absolute discretion. All monies advanced by Lender under the terms hereof and all amounts paid, suffered or incurred by Lender in exercising any authority granted herein, including reasonable attorneys' fees, shall be added to the Obligation, shall be secured by the Security Interest, shall bear interest at the highest rate payable on any of the Obligation until paid, and shall be due and payable by Debtor to Lender immediately without demand.
Benefit of Lender. The parties hereby acknowledge that this Lease was executed in connection with and at the time of the Loan and the provision hereof are intended to run to the benefit of and be enforceable by Lender.
