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.
Appears in 2 contracts
Samples: Trustee Aircraft Security Agreement (Air T Inc), Loan Agreement (Skyway Communications Holding Corp)
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 this Agreement Borrower shall be liable for a deficiency even if the transaction described in this Agreementsubsection 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 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
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 subsection is a sale of accounts or chattel paper.
Appears in 1 contract
Samples: Commercial Guaranty (Natrol Inc)
