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Common use of Collateral Deficiency Clause in Contracts

Collateral Deficiency. All security held by the Bank under the terms of this Agreement and the other Loan Documents shall be available as Collateral for the Loans and may be applied to satisfy the Borrower's Obligations and to otherwise perform its duties and obligations under the Loan Documents. The Borrower shall remain liable for any deficiency remaining after such application.

Appears in 4 contracts

Samples: Master Loan Agreement (Amrep Corp), Loan Agreement (Bowlin Outdoor Advertising & Travel Centers Inc), Master Loan Agreement (Amrep Corp)