Common use of Obtain Deficiency Clause in Contracts

Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 118 contracts

Samples: Security Agreement (Soluna Holdings, Inc), Commercial Security Agreement (NANOPHASE TECHNOLOGIES Corp), Commercial Security Agreement (LiveXLive Media, Inc.)

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Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor Borrower for any deficiency remaining on the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor Borrower shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 25 contracts

Samples: Security Agreement (Eaco Corp), Commercial Security Agreement (Unilens Vision Inc), Commercial Security Agreement (ERBA Diagnostics, Inc.)

Obtain Deficiency. If Lender Xxxxxx chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 19 contracts

Samples: Security Agreement (Better Choice Co Inc.), Commercial Security Agreement (Air T Inc), Security Agreement (Arts Way Manufacturing Co Inc)

Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 18 contracts

Samples: Commercial Security Agreement (Ourpets Co), Security Agreement (Eacceleration Corp), Commercial Security Agreement (Pods Inc)

Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness Obligations due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 4 contracts

Samples: Security Agreement (Vista Proppants & Logistics Inc.), Security Agreement (Vista Proppants & Logistics Inc.), Security Agreement (Vista Proppants & Logistics Inc.)

Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts Accounts or chattel Chattel paper.

Appears in 4 contracts

Samples: Commercial Security Agreement (Premier Power Renewable Energy, Inc.), Commercial Security Agreement (Premier Power Renewable Energy, Inc.), Commercial Security Agreement (Premier Power Renewable Energy, Inc.)

Obtain Deficiency. If Lender chooses to sell all or any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 2 contracts

Samples: Commercial Security Agreement (Miscor Group, Ltd.), Commercial Security Agreement (Miscor Group, Ltd.)

Obtain Deficiency. If Lender chooses Lenxxx xxooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 2 contracts

Samples: Commercial Security Agreement (American Consumers Inc), Commercial Security Agreement (American Consumers Inc)

Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Security Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 2 contracts

Samples: Security Agreement (Heron Lake BioEnergy, LLC), Security Agreement (Heron Lake BioEnergy, LLC)

Obtain Deficiency. If Lender Lxxxxx chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 2 contracts

Samples: Security Agreement (Syra Health Corp), Commercial Security Agreement (American Consumers Inc)

Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paperPaper.

Appears in 2 contracts

Samples: Commercial Security Agreement (Surge Components Inc), Commercial Security Agreement (Surge Components Inc)

Obtain Deficiency. If Lender Xxxxxx chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 2 contracts

Samples: Business Loan Agreement (TX Holdings, Inc.), Loan Agreement (Regeneration Technologies Inc)

Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.. 07-24-1995 COMMERCIAL SECURITY AGREEMENT Page 10 (Continued)

Appears in 2 contracts

Samples: Wilmington Trust (Litronic Inc), Wilmington Trust (Litronic Inc)

Obtain Deficiency. If Lender chooses Chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 1 contract

Samples: Genesis Media Group Inc /De/

Obtain Deficiency. If Lender Xxxxxx chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection Subsection is a sale of accounts or chattel paper.

Appears in 1 contract

Samples: Security Agreement (Natrol Inc)

Obtain Deficiency. If Lender Xxxxxx chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 1 contract

Samples: Agricultural Security Agreement (Soy Energy, LLC)

Obtain Deficiency. If It Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if it the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 1 contract

Samples: Commercial Security Agreement (Whitman Education Group Inc)

Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on an the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 1 contract

Samples: Security Agreement (Astropower Inc)

Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 1 contract

Samples: Commercial Security Agreement (Surrey Inc)

Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness indebtedness due to Lender after application of all amounts received from form the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 1 contract

Samples: Commercial Security Agreement (Wellington Hall LTD)

Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender after application of all alt amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 1 contract

Samples: Commercial Security Agreement (Rako Capital Corp)

Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 1 contract

Samples: Security Agreement (Eaco Corp)

Obtain Deficiency. If Lender Xxxxxx chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts Accounts or chattel paperChattel Paper.

Appears in 1 contract

Samples: Commercial Security Agreement (Hancock Park Corporate Income, Inc.)

Obtain Deficiency. If Lender Xxxxxx chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 1 contract

Samples: Aircraft Security Agreement (Energy Exploration Technologies /)

Obtain Deficiency. If Lender Xxxxxx chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale sell of accounts or chattel paper.

Appears in 1 contract

Samples: Security Agreement (Transbotics Corp)

Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender after application of all amounts amount received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 1 contract

Samples: Loan Agreement (Petmed Express Inc)

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Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain option a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 1 contract

Samples: Commercial Security Agreement (Vital Images Inc)

Obtain Deficiency. If Lender Xxxxxx chooses to sell any or all of the Collateral, Lender may obtain a e judgment against Grantor for any deficiency remaining on On the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is Is a sale of accounts or chattel paper.

Appears in 1 contract

Samples: Security Agreement (Labwire Inc)

Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this involuntary termination his Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 1 contract

Samples: Commercial Security Agreement (Globalscape Inc)

Obtain Deficiency. If To the extent permitted by applicable law, if Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 1 contract

Samples: Loan Agreement (Cutter & Buck Inc)

Obtain Deficiency. If Subject to applicable laws, if Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.. (h)

Appears in 1 contract

Samples: Loan Agreement (Phillips R H Inc)

Obtain Deficiency. If Lender chooses Lendxx xxxoses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 1 contract

Samples: Promissory Note (Trizetto Group Inc)

Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness Obligations due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paperaccounts.

Appears in 1 contract

Samples: Commercial Security Agreement (Tufco Technologies Inc)

Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 1 contract

Samples: Loan Agreement (Obie Media Corp)

Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Collateral Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 1 contract

Samples: Loan Agreement (U S Laboratories Inc)

Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender . Xxxxxx may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 1 contract

Samples: Commercial Security Agreement (Metro Information Services Inc)

Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor Grantors for any deficiency remaining on the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor Grantors shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 1 contract

Samples: Commercial Security Agreement (Sports Field Holdings, Inc.)

Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. , Grantor shall be liable for a deficiency even if it the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 1 contract

Samples: Techniclone International Corp

Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.. COMMERCIAL SECURITY AGREEMENT (Continued)

Appears in 1 contract

Samples: Security Agreement (Sterling Real Estate Trust)

Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 1 contract

Samples: Loan Agreement (Female Health Co)

Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender after application of all amounts received from the exercise of the rights r ights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 1 contract

Samples: Security Agreement (Shells Seafood Restaurants Inc)

Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in In this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.

Appears in 1 contract

Samples: Mitcham Industries Inc

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