Common use of Benefit of Secured Party Clause in Contracts

Benefit of Secured Party. All security interests granted or contemplated hereby shall be for the benefit of Secured Party, 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 (Palm Harbor Homes Inc /Fl/)

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Benefit of Secured Party. All security interests granted or contemplated hereby shall be for the benefit of Secured Party, and all proceeds or payments realized from the Pledged Collateral upon the Secured Party’s exercise of its rights 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 (Espre Solutions Inc)

Benefit of Secured Party. All security interests Security Interests granted or contemplated hereby shall be for the benefit of Secured Party, 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 this Agreement.

Appears in 1 contract

Samples: Security Agreement (Cita Biomedical Inc)

Benefit of Secured Party. All security interests granted or contemplated hereby shall be for the benefit of Secured Party, and all proceeds or payments realized from the Pledged Collateral in accordance herewith shall be applied to the Obligations those obligations owed to Secured Party under or in accordance connection with the terms of the Credit Agreement.Secured Note or any of the other Transaction Documents entered into in connection therewith. (signature page follows)

Appears in 1 contract

Samples: Security Agreement (ZP Holdings Inc)

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Benefit of Secured Party. All security interests granted or contemplated hereby shall be for the benefit of Secured Party, and all proceeds or payments realized from the Pledged Collateral upon the Secured Party’s exercise of its rights in accordance herewith shall be applied to the Obligations in accordance with the terms of the Credit AgreementNote. 19.

Appears in 1 contract

Samples: Copy Pledge Agreement

Benefit of Secured Party. All security interests granted or contemplated hereby shall be for the benefit of Secured Party, and all proceeds or payments realized from the Pledged Collateral upon the Secured Party’s exercise of its rights in accordance herewith shall be applied to the Obligations in accordance with the terms of the Credit AgreementNote.

Appears in 1 contract

Samples: Security Agreement (Espre Solutions Inc)

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