Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Borrower and/or Guarantor for any deficiency remaining on the Obligations due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Borrower and/or Guarantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.
Appears in 26 contracts
Samples: Business Loan and Security Agreement Supplement (Sky Quarry Inc.), Business Loan and Security Agreement Supplement (Correlate Energy Corp.), Business Loan and Security Agreement (American Rebel Holdings Inc)
Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Borrower and/or Guarantor for any deficiency remaining on the Obligations Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Borrower and/or Guarantor 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: Commercial Security Agreement (Eaco Corp), Commercial Security Agreement (Unilens Vision Inc), Commercial Security Agreement (ERBA Diagnostics, Inc.)
Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Borrower and/or Guarantor for any deficiency remaining on the Obligations indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Borrower and/or Guarantor 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: Commercial Security Agreement (Primal Solutions Inc), Commercial Security Agreement (Eacceleration Corp), Commercial Security Agreement (Alliance Pharmaceutical Corp)
Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Borrower and/or Guarantor for any deficiency remaining on the Obligations due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Borrower and/or Guarantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.
Appears in 3 contracts
Samples: Loan and Security Agreement (Primoris Services Corp), Security Agreement (Armada Oil, Inc.), Security Agreement (Mesa Energy Holdings, Inc.)
Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Borrower and/or Guarantor for any deficiency remaining on the Obligations Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Borrower and/or Guarantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper.
Appears in 3 contracts
Samples: Aircraft Assets Security Agreement (Air T Inc), Aircraft Security Agreement (Air T Inc), Trustee Aircraft Security Agreement (Air T Inc)
Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Borrower and/or Guarantor for any deficiency remaining on the Obligations amount due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Borrower and/or Guarantor 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 and Security Agreement (Applied Minerals, Inc.), Loan and Security Agreement (Epazz Inc)
Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Borrower and/or Guarantor for any deficiency remaining on the Obligations Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Borrower and/or Guarantor 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 (Heritage Global Inc.), Commercial Security Agreement (Heritage Global Inc.)
Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Borrower and/or Guarantor Borrowers for any deficiency remaining on the Obligations Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Borrower and/or Guarantor Borrowers 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 (Telanetix,Inc), Loan and Security Agreement (Telanetix,Inc)
Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Borrower and/or Guarantor for any deficiency remaining on the Obligations Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Borrower and/or Guarantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts assets or chattel paper.
Appears in 1 contract
Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Borrower and/or Guarantor for any 'deficiency remaining on the Obligations due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Borrower and/or Guarantor 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: Business Loan and Security Agreement Supplement (VirtualArmour International Inc.)
Obtain Deficiency. If Lender chooses to sell or realize on any or all of the Collateral, Lender may obtain a judgment against Borrower and/or Guarantor for any deficiency remaining on the Obligations Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Borrower and/or Guarantor 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: Deposit Account Pledge Agreement (Solar Power, Inc.)
Obtain Deficiency. If if Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Borrower and/or Guarantor for any deficiency remaining on the Obligations Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Borrower and/or Guarantor 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
Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Borrower and/or Guarantor for any deficiency remaining on the Obligations Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Borrower and/or Guarantor shall be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paperpaper representing proceeds of the Collateral.
Appears in 1 contract
Samples: Equipment Loan and Security Agreement (Dicon Fiberoptics Inc)
Obtain Deficiency. If Lender chooses to sell any or all of ----------------- the Collateral, Lender may obtain a judgment against Borrower and/or Guarantor for any deficiency remaining on the Obligations Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Borrower and/or Guarantor 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
Obtain Deficiency. If Lender chooses to sell any or all ail of the Collateral, Lender may obtain a judgment against Borrower and/or Guarantor for any deficiency remaining on the Obligations Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Borrower and/or Guarantor 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 (Adcare Health Systems, Inc)
Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Borrower and/or Guarantor for any deficiency remaining on the Obligations indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Agreement Borrower and/or Guarantor 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 (Fresh Enterprises Inc)
Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Borrower and/or Guarantor for any deficiency co remaining on the Obligations Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Borrower and/or Guarantor 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 (International Remote Imaging Systems Inc /De/)
Obtain Deficiency. If Lender chooses to sell any or all of the Lender Collateral, Lender may obtain a judgment against Borrower and/or Guarantor for any deficiency remaining on the Obligations due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Borrower and/or Guarantor 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: Business Loan and Security Agreement (Aditxt, Inc.)
Obtain Deficiency. If Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Borrower and/or Guarantor for any deficiency remaining on the Obligations Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Borrower and/or Guarantor 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 It Lender chooses to sell any or all of the Collateral, Lender may obtain a judgment against Borrower and/or Guarantor for any deficiency remaining on the Obligations Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Borrower and/or Guarantor 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: Business Loan Agreement (Utek Corp)
