Common use of Obtain Deficiency Clause in Contracts

Obtain Deficiency. If Xxxxxx chooses to sell any or all of the Collateral, Lender may obtain a judgment against 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. Borrower shall be liable for a deficiency even if the transaction described in this section is a sale of accounts or chattel paper.

Appears in 1 contract

Samples: Security Agreement (Isecuretrac Corp)

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Obtain Deficiency. If Xxxxxx chooses to sell any or all of the Collateral, Lender may obtain a judgment against 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. Borrower shall be liable for a deficiency even if the transaction described in this section subsection is a sale of accounts or chattel paper.

Appears in 1 contract

Samples: Security Agreement (Natrol Inc)

Obtain Deficiency. If Xxxxxx Lxxxxx chooses to sell any or all of the Collateral, Lender may obtain a judgment against 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. Borrower shall be liable for a deficiency even if the transaction described in this section subsection is a sale of accounts or chattel paper.

Appears in 1 contract

Samples: Commercial Security Agreement (Arts Way Manufacturing Co Inc)

Obtain Deficiency. If Xxxxxx chooses Lendxx xxxoses to sell any or all of the Collateral, Lender may obtain a judgment against 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. Borrower shall be liable for a deficiency even if the transaction described in this section subsection is a sale of accounts or chattel paper.

Appears in 1 contract

Samples: Terms Agreement (California Beach Restaurants Inc)

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Obtain Deficiency. If Xxxxxx chooses Lenxxx xxooses to sell any or all of the Collateral, Lender may obtain a judgment against 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. Borrower shall be liable for a deficiency even if the transaction described in this section subsection is a sale of accounts or chattel paper.

Appears in 1 contract

Samples: License Agreement (California Beach Restaurants Inc)

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

Appears in 1 contract

Samples: Commercial Security Agreement (Arts Way Manufacturing Co Inc)

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