Common use of Benefit of Lender Clause in Contracts

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.

Appears in 4 contracts

Samples: Membership Interest Pledge Agreement (Southwest Casino Corp), Stock Pledge Agreement (Southwest Casino Corp), Stock Pledge Agreement (Southwest Casino Corp)

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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 Loan Agreement.. (signature page follows)

Appears in 4 contracts

Samples: Pledge Agreement (Prospect Medical Holdings Inc), Pledge Agreement (Prospect Medical Holdings Inc), Pledge Agreement (Prospect Medical Holdings Inc)

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 Loan Agreement.

Appears in 3 contracts

Samples: Pledge Agreement (Cover All Technologies Inc), Stock Pledge, Hypothecation and Security Agreement (Charys Holding Co Inc), Pledge Agreement (Charys Holding Co Inc)

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 Secured Obligations in accordance with the terms of the Credit Loan Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Asta Funding Inc)

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 AgreementNote.

Appears in 1 contract

Samples: Pledge Agreement (Ladenburg Thalmann Financial Services Inc)

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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.

Appears in 1 contract

Samples: Pledge Agreement (Newtek Business Services Inc)

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.. (Page 214 of 252 Pages)

Appears in 1 contract

Samples: Pledge Agreement (Transmedia Network Inc /De/)

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 Secured Obligations in accordance with the terms of the Credit AgreementNote.

Appears in 1 contract

Samples: Pledge and Security Agreement (Horizon Group Properties Inc)

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