Benefit of Secured Party. All Liens granted or contemplated hereby shall be for the benefit of the Secured Parties, and all proceeds or payments realized from Collateral in accordance herewith shall be applied to the Secured Obligations in the manner determined by the Collateral Agent in its sole discretion.
Appears in 5 contracts
Samples: Security Agreement (NovaRay Medical, Inc.), Security Agreement (Juma Technology Corp.), Security Agreement (Interpharm Holdings Inc)
Benefit of Secured Party. All Liens security interests granted or contemplated hereby shall be for the benefit of the Secured PartiesParty, and all proceeds or payments realized from the Pledged Collateral in accordance herewith shall be applied to the Secured Obligations in accordance with the manner determined by terms of the Collateral Agent in its sole discretionStock Purchase Agreement.
Appears in 3 contracts
Samples: Stock Purchase Agreement, Stock Purchase Agreement (Ameritrans Capital Corp), Stock Purchase Agreement (Ameritrans Capital Corp)
Benefit of Secured Party. All Liens The Lien granted or contemplated hereby shall be for the benefit of the Secured Parties, and all proceeds or payments realized from Collateral in accordance herewith shall be applied to the Secured Obligations in accordance with the manner determined by terms hereof and the Collateral Agent in its sole discretionMerger Agreement.
Appears in 2 contracts
Samples: Security Agreement (SearchCore, Inc.), Security Agreement (General Cannabis, Inc.)
Benefit of Secured Party. All Liens granted or contemplated hereby shall be for the benefit of the Secured PartiesParty, and all proceeds or payments realized from Collateral in accordance herewith shall be applied to the Secured Obligations in the manner determined by the Collateral Agent Secured Party in its sole discretion.
Appears in 1 contract
