Common use of Liability for Deficiencies Clause in Contracts

Liability for Deficiencies. No sale or other disposition of all or any part of the Mortgage Estate pursuant to Section 4.02 shall be deemed to relieve the Mortgagor of its obligations under the Loan Agreement or any other Loan Document except to the extent the proceeds thereof are applied to the payment of such obligations. Except as otherwise provided in the Loan Documents, if the proceeds of sale, collection or other realization of or upon the Mortgage Estate are insufficient to cover the costs and expenses of such realization and the payment in full of the Obligations, the Mortgagor shall remain liable for any deficiency.

Appears in 4 contracts

Samples: Financing Agreement (First Wind Holdings Inc.), Financing Agreement (First Wind Holdings Inc.), Financing Agreement (First Wind Holdings Inc.)

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Liability for Deficiencies. No sale or other disposition of all or any part of the Mortgage Estate pursuant to Section 4.02 shall be deemed to relieve the Mortgagor of its obligations under the Loan Credit Agreement or any other Loan Document Instrument except to the extent the proceeds thereof are applied to the payment of such obligations. Except as otherwise provided in the Loan DocumentsInstruments, if the proceeds of sale, collection or other realization of or upon the Mortgage Estate are insufficient to cover the costs and expenses of such realization and the payment in full of the Obligations, the Mortgagor shall remain liable for any deficiency.

Appears in 3 contracts

Samples: Credit Agreement (Geo Group Inc), Credit Agreement (Geo Group Inc), Credit Agreement (Geo Group Inc)

Liability for Deficiencies. No sale or other disposition of all or any part of the Mortgage Estate pursuant to Section 4.02 shall be deemed to relieve the Mortgagor of its obligations under the Loan Agreement Indentures or any other Loan Document Instrument except to the extent the proceeds thereof are applied to the payment of such obligations. Except as otherwise provided in the Loan Documents, if If the proceeds of sale, collection or other realization of or upon the Mortgage Estate are insufficient to cover the costs and expenses of such realization and the payment in full of the Obligations, the Mortgagor shall remain liable for any deficiency.

Appears in 1 contract

Samples: Multiple Indebtedness Mortgage (Texas Unwired)

Liability for Deficiencies. No sale or other disposition of all or any part of the Mortgage Estate Property pursuant to Section Sections 4.02 and 6.05 shall be deemed to relieve the Mortgagor of its obligations under the Loan Restructuring Agreement or any other Loan Document Instrument except to the extent the proceeds thereof are applied to the payment of such obligations. Except as otherwise provided in the Loan DocumentsInstruments, if the proceeds of sale, collection or other realization of or upon the Mortgage Estate Property are insufficient to cover the costs and expenses of such realization and the payment in full of the Obligations, the Mortgagor shall remain liable for any deficiency.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (MGP Ingredients Inc)

Liability for Deficiencies. No sale or other disposition of all or any part of the Mortgage Estate Mortgaged Property pursuant to Section 4.02 4.1 shall be deemed to relieve the Mortgagor of its obligations under the Loan Credit Agreement or any of the other Loan Document Financing Documents except to the extent the proceeds thereof are applied to the payment of such obligations. Except as otherwise provided in the Loan Documents, if If the proceeds of sale, collection or other realization of or upon the Mortgage Estate Mortgaged Property are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Mortgagor shall remain liable for any deficiency.

Appears in 1 contract

Samples: Credit Agreement (Cheniere Energy Inc)

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Liability for Deficiencies. No sale or other disposition of all or any part of the Mortgage Estate pursuant to Section 4.02 shall be deemed to relieve the Mortgagor of its obligations under the Loan Credit Agreement or any other Loan Document Instrument except to the extent the proceeds thereof are applied to the payment of such obligations. Except as otherwise provided in the Loan Documents, if If the proceeds of sale, collection or other realization of or upon the Mortgage Estate are insufficient to cover the costs and expenses of such realization and the payment in full of the Obligations, the Mortgagor shall remain liable for any deficiency.

Appears in 1 contract

Samples: Chart Industries Inc

Liability for Deficiencies. No sale or other disposition of all or any part of the Mortgage Estate pursuant to Section 4.02 4.01 shall be deemed to relieve the Mortgagor of its obligations under the Loan Agreement Credit Agreements or any other Loan Document Instrument except to the extent the proceeds thereof are applied to the payment of such obligations. Except as otherwise provided in the Loan Documents, if If the proceeds of sale, collection or other realization of or upon the Mortgage Estate are insufficient to cover the costs and expenses of such realization and the payment in full of the Obligations, the Mortgagor shall remain liable for any deficiency.

Appears in 1 contract

Samples: Security Agreement (Chart Industries Inc)

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