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.
Appears in 5 contracts
Samples: Security Agreement (Phone1globalwide Inc), Security Agreement (Resorts International Hotel & Casino Inc), Security Agreement (Phone1globalwide Inc)
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 ObligationsObligations in accordance with the terms of the Credit Agreement.
Appears in 3 contracts
Samples: Guaranty and Security Agreement (Thorne Healthtech, Inc.), Guaranty and Security Agreement (Universal Technical Institute Inc), Credit Agreement (Remedytemp Inc)
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 ObligationsGuaranteed Obligations in accordance with the terms of the Loan Agreement.
Appears in 2 contracts
Samples: General Security Agreement (Industrial Services of America Inc), Security Agreement (Asta Funding Inc)
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 ObligationsObligations in accordance with the terms of the Bridge Loan Agreement.
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Benefit of Lender. All Liens granted or contemplated hereby shall be for the benefit of the Lender, and all proceeds or payments realized from Collateral in accordance herewith shall be applied to the Secured ObligationsObligations in accordance with the terms of the Term Loan Agreement.
Appears in 1 contract
Samples: Security Agreement (Applica Inc)
Benefit of Lender. All Liens granted or contemplated hereby shall be for the benefit of the Lender, and all proceeds or payments realized from Collateral in accordance herewith shall be applied to the Secured ObligationsObligations in accordance with the terms of the Credit Agreement.
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Benefit of Lender. All Liens granted or contemplated hereby shall be for the benefit of the Lender, and all proceeds or payments realized from Collateral in accordance herewith shall be applied to the Secured Obligations.Obligations in accordance with the terms of the Credit Agreement. (Page 200 of 252 Pages)
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