Deficiency and Surplus Sample Clauses
Deficiency and Surplus. If the proceeds of sale, collection or other realization of or upon the Collateral are insufficient to cover the costs and expenses of such realization and the payment in full of the Obligations, Debtors shall remain jointly and severally liable for any deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral exceed the costs and expenses of such realization and the payment in full of the Obligations, the Collateral Agent shall promptly remit any such surplus to the Debtors.
Deficiency and Surplus. Debtor shall be liable to Secured Party for, and shall pay to Secured Party on demand, any deficiency which shall remain after such sale, lease, or other disposition of the Collateral, and Secured Party, in turn agrees to remit to Debtor, or Debtor's successors or assigns, within a reasonable time, any surplus resulting therefrom.