Common use of Benefit of Agent Clause in Contracts

Benefit of Agent. All Liens granted or contemplated hereby shall be for the benefit of Agent, on behalf of itself and the Lenders, and all proceeds or payments realized from Pledged Collateral in accordance herewith shall be applied to the Secured Obligations in accordance with the terms of the Loan Agreement.

Appears in 4 contracts

Sources: Pledge Agreement (Lombard Medical, Inc.), Pledge Agreement (Lombard Medical, Inc.), Pledge Agreement (AMEDICA Corp)

Benefit of Agent. All Liens granted or contemplated hereby shall be for the benefit of Agent, on behalf of itself and the Lendersitself, and all proceeds or payments realized from Pledged Collateral in accordance herewith shall be applied to the Secured Obligations in accordance with the terms of the Loan Agreement.

Appears in 4 contracts

Sources: Pledge Agreement (Pacira Pharmaceuticals, Inc.), Pledge Agreement (Synta Pharmaceuticals Corp), Pledge Agreement (Salient Surgical Technologies, Inc.)

Benefit of Agent. All Liens granted or contemplated hereby shall be for the benefit of Agent, on behalf of itself and the Lenders, and all proceeds or payments realized from Pledged Collateral in accordance herewith shall be applied to the Secured Obligations in accordance with the terms of the Loan Agreement.

Appears in 1 contract

Sources: Security Agreement (Asta Funding Inc)

Benefit of Agent. All Liens granted or contemplated hereby shall be for the benefit of Agent, on behalf of itself and the Lenders, and all proceeds or payments realized from Pledged Collateral in accordance herewith shall be applied to the Secured Obligations in accordance with the terms of the Amended Loan Agreement.

Appears in 1 contract

Sources: Pledge Agreement (Lombard Medical, Inc.)