Common use of Liability for Deficiency Clause in Contracts

Liability for Deficiency. The Company shall remain liable for any deficiency relating to the obligations underlying the Notes resulting from a sale of the Collateral and shall pay any such deficiency forthwith on demand.

Appears in 3 contracts

Samples: Security Agreement (Juniper Content Corp), Security Agreement (Skyepharma PLC), Security Agreement (Vital Living Inc)

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Liability for Deficiency. The Company shall remain liable for any deficiency relating to the obligations underlying the Notes resulting from a sale of the Collateral and shall pay any such deficiency forthwith on demand.

Appears in 2 contracts

Samples: Subordinated Convertible Debenture Purchase Agreement (Miscor Group, Ltd.), Security Agreement (Miscor Group, Ltd.)

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