Benefit of Secured Parties Sample Clauses

Benefit of Secured Parties. All Liens granted or contemplated hereby shall be for the benefit of the Secured Parties, and all proceeds or payments realized from Pledged Collateral in accordance herewith shall be applied to the Secured Obligations in accordance with Section 8.2 of the Credit Agreement.
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Benefit of Secured Parties. All security interests granted or contemplated hereby shall be for the benefit of the Collateral Agent and the Secured Parties, 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.
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Benefit of Secured Parties. All Liens granted or contemplated hereby shall be for the benefit of Collateral Agent individually and Collateral Agent for the benefit of the Secured Parties, and all proceeds or payments realized from Collateral in accordance herewith shall be applied (subject to the terms of the Intercreditor Agreement) to the Second Lien Obligations in accordance with Section 24.
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Benefit of Secured Parties. This Agreement secures the payment of all Obligations. Without limiting the generality of the foregoing, this Agreement secures the payment of all amounts that constitute part of the Obligations and would be owed to Agent or Secured Parties under the Loan Documents but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving any Grantor.
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Benefit of Secured Parties. Each Qualified Borrower hereby directs its counsel to prepare and deliver such legal opinion to Administrative Agent for the benefit of Secured Parties;
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Benefit of Secured Parties. All Liens granted or contemplated hereby to Administrative Agent shall be for the benefit of Revolver Secured Parties and all Liens granted or contemplated hereby to Term Agent shall be for the benefit of Term Secured Parties and all proceeds or payments realized from Collateral in accordance herewith shall be applied to the Obligations in accordance with the terms of the Credit Agreement.
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Benefit of Secured Parties. All Liens granted or contemplated hereby shall be for the benefit of Asta Group, and all proceeds or payments realized from the Collateral in accordance herewith shall be applied to the Guaranteed Obligations in accordance with the terms of the Guaranty.
Sample 1
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Benefit of Secured Parties. All Liens granted or contemplated hereby shall be for the benefit of Trustee, individually, and the other Secured Parties, and all proceeds or payments realized from Collateral in accordance herewith shall be applied to the Obligations in the order specified in the Pledge Agreement.
Sample 1
Benefit of Secured Parties. All Liens granted or contemplated hereby shall be for the benefit of Collateral Agent, individually, and Secured Parties, and all proceeds or payments realized from the Collateral in accordance herewith shall be applied to the Guaranteed Obligations in accordance with the terms of the Guaranty.
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Related to Benefit of Secured Parties

  • Payment of Securities 39 SECTION 4.02.

  • Grant of Security Interest All Cash Collateral (other than credit support not constituting funds subject to deposit) shall be maintained in blocked, non-interest bearing deposit accounts at Bank of America. The Borrower, and to the extent provided by any Lender, such Lender, hereby grants to (and subjects to the control of) the Administrative Agent, for the benefit of the Administrative Agent, the L/C Issuer and the Lenders (including the Swing Line Lender), and agrees to maintain, a first priority security interest in all such cash, deposit accounts and all balances therein, and all other property so provided as collateral pursuant hereto, and in all proceeds of the foregoing, all as security for the obligations to which such Cash Collateral may be applied pursuant to Section 2.14(c). If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent as herein provided, or that the total amount of such Cash Collateral is less than the applicable Fronting Exposure and other obligations secured thereby, the Borrower or the relevant Defaulting Lender will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency.

  • Grant of Security Each Grantor hereby grants to the Collateral Agent, for the ratable benefit of the Secured Parties, a security interest in such Grantor’s right, title and interest in and to the following, in each case, as to each type of property described below, whether now owned or hereafter acquired by such Grantor, wherever located, and whether now or hereafter existing or arising (collectively, the “Collateral”):

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