Common use of Obtain Deficiency Clause in Contracts

Obtain Deficiency. If Secured Party chooses to sell any of the Collateral, Secured Party may obtain a judgment against Debtor for any deficiency remaining on the Indebtedness due to Secured Party after application of all amounts received from the exercise of rights in this Agreement. Debtor 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

Sources: Bond Trust Indenture and Security Agreement, Bond Trust Indenture and Security Agreement, Commercial Security Agreement

Obtain Deficiency. If Secured Party chooses to sell any or all of the Collateral, Secured Party may obtain a judgment against Debtor for any deficiency remaining on the Indebtedness due to Secured Party after application of all amounts received from the exercise of the rights provided in this Agreement. Debtor 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

Sources: Security Agreement (Remedent, Inc.)

Obtain Deficiency. If Secured Party chooses to sell any or all of the Collateral, Secured Party may obtain a judgment against Debtor for any deficiency remaining on the Indebtedness Secured Obligations due to Secured Party after application of all amounts received from the exercise of the rights provided in this Agreement. Debtor shall be liable for a deficiency even if Upon any such sale, once the transaction described in this subsection is a sale of accounts or chattel paperSecured Obligations are fully satisfied, Secured Party will remit the remaining proceeds to Debtor.

Appears in 1 contract

Sources: Loan and Security Agreement (QumulusAI, Inc.)

Obtain Deficiency. If Secured Party chooses to sell any or all of the Collateral, Secured Party may obtain a judgment against Debtor for any deficiency remaining on the Indebtedness Secured Obligations due to Secured Party after application of all amounts received from the exercise of the rights provided in this Agreement. Debtor 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

Sources: Loan and Security Agreement (QumulusAI, Inc.)

Obtain Deficiency. If Secured Party chooses to sell any or all of the Collateral, Secured Party may obtain a judgment against Debtor for any deficiency remaining on the Indebtedness indebtedness due to the Secured Party after application of all amounts received from the exercise of the rights provided in this Security Agreement. Debtor 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

Sources: Bovine Vaccine Distribution Agreement (Heska Corp)

Obtain Deficiency. If Secured Party chooses to sell any or all of the Collateral, Secured Party may obtain a judgment against Debtor for any deficiency remaining on the Indebtedness due to Secured Party after application of all amounts received from the exercise of the rights provided in this Agreement. Debtor 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

Sources: Security Agreement (Welund Fund Inc)