Common use of Benefit of Secured Parties Clause in Contracts

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.

Appears in 8 contracts

Samples: Revolving Credit Agreement (Maximus Inc), Revolving Credit Agreement (Heico Corp), Revolving Credit and Term Loan Agreement (Strayer Education Inc)

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Benefit of Secured Parties. All Liens granted or contemplated hereby shall be for the benefit of the Collateral Trustee and the Secured Parties, and all proceeds or payments realized from Pledged Collateral in accordance herewith shall be applied to the Secured Securities Obligations in accordance with Section 8.2 the terms of the Credit AgreementIntercreditor Agreement and the Indenture.

Appears in 1 contract

Samples: Collateral Agreement (Rural Cellular Corp)

Benefit of Secured Parties. All Liens granted or contemplated hereby shall be for the benefit of Collateral Agent and the other Secured PartiesParties as applicable, and all proceeds or payments realized from Pledged Collateral in accordance herewith shall be applied pursuant to the Secured Obligations in accordance with Section 8.2 of the Credit Agreement11.

Appears in 1 contract

Samples: Security and Intercreditor Agreement (Trenwick America LLC)

Benefit of Secured Parties. All Liens granted or contemplated hereby shall be for the benefit of the Secured Parties, 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 Agreementterms hereof.

Appears in 1 contract

Samples: Pledge Agreement (Dixie Group Inc)

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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 the terms of the Credit Agreement.

Appears in 1 contract

Samples: Security Agreement (Gentek Inc)

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 Amended and Restated Credit Agreement.

Appears in 1 contract

Samples: Borrower Pledge Agreement (United Industrial Corp /De/)

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