Common use of Deficiency Clause in Contracts

Deficiency. 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.

Appears in 34 contracts

Samples: Security Agreement (Arch Therapeutics, Inc.), Security Agreement (Innovation1 Biotech Inc.), Security Agreement (Veroni Brands Corp.)

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Deficiency. 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 ObligationsLiabilities, Debtors shall remain jointly and severally liable for any deficiency.

Appears in 17 contracts

Samples: Security Agreement (Enter Corp), Security Agreement (Enter Corp), Security Agreement (Enter Corp)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral are insufficient to cover the reasonable and documented costs and expenses of such realization and the payment in full of the Obligations, Debtors shall remain jointly and severally liable for any deficiency.

Appears in 8 contracts

Samples: Security Agreement (Trio Petroleum Corp.), Security Agreement (Trio Petroleum Corp.), Security Agreement (cbdMD, Inc.)

Deficiency. 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 ObligationsLiabilities, the Debtors shall remain jointly and severally liable for any deficiency.

Appears in 6 contracts

Samples: Master Reaffirmation Agreement, Security Agreement (Kaching Kaching, Inc.), Master Reaffirmation Agreement (Panther Expedited Services, Inc.)

Deficiency. 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 ObligationsLiabilities, Debtors Debtor shall remain jointly and severally liable for any deficiency.

Appears in 4 contracts

Samples: Security Agreement (Corrpro Companies Inc /Oh/), Security Agreement (Packaged Ice Inc), Security Agreement (Booktech Com Inc)

Deficiency. 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 the Borrowers shall remain jointly and severally liable for any deficiency.

Appears in 3 contracts

Samples: Loan and Security Agreement (FS Credit Real Estate Income Trust, Inc.), Loan and Security Agreement (FS Credit Real Estate Income Trust, Inc.), Loan and Security Agreement (FS Credit Real Estate Income Trust, Inc.)

Deficiency. 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.

Appears in 3 contracts

Samples: First Lien Security Agreement (American Petro-Hunter Inc), Security Agreement (South Texas Oil Co), Security Agreement (South Texas Oil Co)

Deficiency. 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, the Debtors shall remain jointly and severally liable for any deficiency.

Appears in 2 contracts

Samples: Security Agreement (Sport Endurance, Inc.), Security Agreement (Sport Endurance, Inc.)

Deficiency. 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 ObligationsLiabilities, Debtors Debtor shall remain jointly and severally liable for any deficiency.

Appears in 2 contracts

Samples: Pledge and Security Agreement (MRS Fields Holding Co Inc), Xbox Publisher License Agreement (Interplay Entertainment Corp)

Deficiency. 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 ObligationsLiabilities, Debtors shall remain jointly and severally liable for any deficiency.

Appears in 2 contracts

Samples: Security Agreement (usell.com, Inc.), Security Agreement (usell.com, Inc.)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral are insufficient to cover the reasonable and documented costs and expenses of such realization and the payment in full of the Obligations, the Debtors shall remain jointly and severally liable for any deficiency.

Appears in 2 contracts

Samples: Security Agreement (Zhibao Technology Inc.), Security Agreement (Trio Petroleum Corp.)

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Deficiency. 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 ObligationsLiabilities, Debtors the Debtor shall remain jointly and severally liable for any deficiency.

Appears in 1 contract

Samples: Borrower Security Agreement (Brickman Group LTD)

Deficiency. If the proceeds Proceeds of sale, collection collection, foreclosure 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 Borrower shall remain jointly and severally liable for any deficiency.

Appears in 1 contract

Samples: Master Loan Agreement (Onyx Acceptance Corp)

Deficiency. 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 ObligationsLiabilities, Debtors Debtor shall remain jointly and severally liable for any deficiency.

Appears in 1 contract

Samples: Pledge and Security Agreement (MRS Fields Brand Inc)

Deficiency. If the proceeds of the 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 ObligationsNotes, Debtors the Borrower shall remain jointly and severally liable for any deficiency.

Appears in 1 contract

Samples: Pledge Agreement (Sten Corp)

Deficiency. 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 ObligationsLiabilities, Debtors each Debtor shall remain jointly and severally liable for any deficiency.

Appears in 1 contract

Samples: Security Agreement (Warrantech Corp)

Deficiency. 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 ObligationsLiabilities, Debtors Borrower shall remain jointly and severally liable for any deficiency.

Appears in 1 contract

Samples: Security Agreement (Yellowbrix Inc)

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