Common use of Deficiencies and Excess Proceeds Clause in Contracts

Deficiencies and Excess Proceeds. The Secured Party will transfer to the Chargor any proceeds and Posted Credit Support remaining after liquidation, set-off and/or application under Paragraph 8(a) and after satisfaction in full of all amounts payable by the Chargor with respect to any Obligations; the Chargor in all events will remain liable for any amounts remaining unpaid after any liquidation, set-off and/or application under Paragraph 8(a).

Appears in 3 contracts

Samples: Isda Master Agreement (Virgin Entertainment Investment Holdings LTD), Isda Master Agreement (Virgin Entertainment Investment Holdings LTD), Master Agreement (Corvina Holdings LTD)

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Deficiencies and Excess Proceeds. The Secured Party will transfer to the Chargor any proceeds and Posted Credit Support remaining after liquidation, set-off and/or application under Paragraph 8(a) and after satisfaction in full of all amounts payable by the Chargor with respect to any Obligations; the Chargor in all events will remain liable for any amounts remaining unpaid after any liquidation, set-off and/or application under Paragraph 8(a).8(a).‌‌‌‌‌

Appears in 1 contract

Samples: Isda Master Agreement

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