DEFICIENCY IN PROCEEDS OF SALE. If the amount realised by the Chargee pursuant to the proceedings referred to in Section 4.03 hereof after the deductions thereof is less than the amount due and payable to the Chargee and whether at such sale the Chargee is the purchaser or otherwise, the Chargor shall pay to the Chargee the difference between the amount due and the amount so realised.
Appears in 3 contracts
Samples: Charge Agreement, Musharakah Mutanaqisah Agreement, Charge Agreement
DEFICIENCY IN PROCEEDS OF SALE. If the amount realised by the Chargee pursuant pu rsuant to the proceedings referred to in Section 4.03 hereof after the deductions thereof is less than the amount due and payable to the Chargee and whether at such sale the Chargee is the purchaser or otherwise, the Chargor shall pay to the Chargee the difference between the amount due and the amount so realised.
Appears in 2 contracts
Samples: Charge Agreement, Charge Agreement
DEFICIENCY IN PROCEEDS OF SALE. If the amount realised by the Chargee pursuant to the proceedings referred to in Section 4.03 5.03 hereof after the deductions thereof is less than the amount due and payable to the Chargee and whether at such sale the Chargee is the purchaser or otherwise, the Chargor and/or the Customer shall pay to the Chargee the difference between the amount due and the amount so realised.
Appears in 2 contracts
Samples: Charge Agreement, Charge Agreement
DEFICIENCY IN PROCEEDS OF SALE. If the amount realised by the Chargee pursuant to the proceedings referred to in Section 4.03 5.03 hereof after the deductions thereof is less than the amount due and payable to the Chargee and whether at such sale the Chargee is the purchaser or otherwise, the Chargor and/ or the Customer shall pay to the th e Chargee the difference between the amount due and the amount so realised.
Appears in 1 contract
Samples: Property Financing Agreement
