Proceeds of Disposition/Deficiency. Any proceeds of any disposition of any of the Collateral shall be applied by the Secured Party or a Receiver on account of the Secured Obligations in accordance with the provisions of the Credit Agreement. If such proceeds fail to satisfy the Secured Obligations, the Debtor shall be liable for the full amount of the deficiency resulting to the Secured Party and the Beneficiaries.
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Samples: General Security Agreement (Ascendia Brands, Inc.), General Security Agreement (Ascendia Brands, Inc.)
Proceeds of Disposition/Deficiency. Any proceeds of any disposition of any of the Collateral shall be applied by the Secured Party or a Receiver receiver on account of the Secured Obligations in accordance with the provisions of the Credit Agreement. If such proceeds fail to satisfy the Secured Obligations, the Debtor shall be liable for the full amount of the deficiency resulting to the Secured Party and the BeneficiariesCredit Parties.
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Proceeds of Disposition/Deficiency. Any proceeds of any disposition of any of the Collateral shall be applied by the Secured Party or a Receiver receiver on account of the Secured Obligations in accordance with the provisions of the Credit Agreement. If such proceeds fail to satisfy the Secured Obligations, the Debtor shall be liable for the full amount of the deficiency resulting to the Secured Party and the Beneficiaries.
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