Common use of Benefit of the Secured Parties Clause in Contracts

Benefit of the Secured Parties. All security interests granted or contemplated hereby shall be for the benefit of the Administrative Agent and the Secured Parties, 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 Agreement.

Appears in 2 contracts

Sources: Revolving Credit Agreement (Fortegra Financial Corp), Pledge Agreement (Fortegra Financial Corp)

Benefit of the Secured Parties. All liens and security interests granted or contemplated hereby shall be for the benefit of the Administrative Agent and the Secured Parties, 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 Agreement.

Appears in 1 contract

Sources: Collateral Agreement (Vacasa, Inc.)

Benefit of the Secured Parties. All security interests granted or contemplated hereby shall be for the benefit of the Administrative Agent and the Secured Parties, 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 Agreement.. #PageNum# #4831-3075-4320

Appears in 1 contract

Sources: Pledge Agreement (Fortegra Financial Corp)