Common use of Payment of Deficiency Clause in Contracts

Payment of Deficiency. If the proceeds of realization are insufficient to pay all monetary Obligations, the Grantor shall forthwith pay or cause to be paid to the Agent any deficiency (the “Deficiency”) and the Agent may xxx the Grantor to collect the amount of the Deficiency.

Appears in 4 contracts

Samples: Credit Agreement (Celestica Inc), Revolving Term Credit Agreement (Celestica Inc), Revolving Term Credit Agreement (Celestica Inc)

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Payment of Deficiency. If the proceeds of realization are insufficient to pay all monetary Obligations, the Grantor shall forthwith pay or cause to be paid to the Agent Lender any deficiency (the “Deficiency”) and the Agent Lender may xxx the Grantor to collect the amount of the Deficiency.such deficiency; and

Appears in 1 contract

Samples: General Security Agreement (Vanguard Car Rental Group Inc.)

Payment of Deficiency. If the proceeds of realization are insufficient to pay all monetary Obligations, the Grantor shall forthwith pay or cause to be paid to the Agent Lender any deficiency (the “Deficiency”) and the Agent Lender may xxx the Grantor to collect the amount of the Deficiency.such deficiency; or

Appears in 1 contract

Samples: Pledge and Security Agreement (Residential Capital, LLC)

Payment of Deficiency. If the proceeds of realization are insufficient to pay all monetary Secured Obligations, the Grantor shall forthwith pay or cause to be paid to the Administrative Agent any deficiency (the “Deficiency”) and the Administrative Agent may xxx the Grantor to collect the amount of the Deficiency.such deficiency; and

Appears in 1 contract

Samples: Pledge and Security Agreement (Entertainment Properties Trust)

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Payment of Deficiency. If the proceeds of realization are insufficient to pay all monetary Secured Obligations, the Grantor Grantors shall forthwith pay or cause to be paid to the Collateral Agent any deficiency (the “Deficiency”) and the Collateral Agent may xxx the any Grantor to collect the amount of the Deficiency.such deficiency; and

Appears in 1 contract

Samples: Credit and Guaranty Agreement (AbitibiBowater Inc.)

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