Common use of Liability for Deficiency Clause in Contracts

Liability for Deficiency. If any sale or other disposition of Collateral by the Collateral Agent or any other action of the Collateral Agent or any Secured Party hereunder results in reduction of the Obligations, such action will not release Debtor from its liability to the Collateral Agent and the Secured Parties for any unpaid Obligations, including costs, charges and expenses incurred in the liquidation of Collateral, together with interest thereon, and the same shall be immediately due and payable to the Collateral Agent at the Collateral Agent's address set forth in the opening paragraph hereof.

Liability for Deficiency. If any sale or other disposition of Collateral by the Collateral Agent or any other action of the Collateral Agent or any Secured Party hereunder results in reduction of the Obligations, such action will not release Debtor Pledgor from its liability to the Collateral Agent and the Secured Parties for any unpaid Obligations, including costs, charges and expenses incurred in the liquidation of Collateral, together with interest thereon, and the same shall be immediately due and payable to the Collateral Agent at the Collateral Agent's address set forth in the opening paragraph hereof.