Waiver; Deficiency. Each Grantor waives and agrees not to assert any rights or privileges which it may acquire under the Texas UCC or any other applicable law. Each Grantor shall remain liable for any deficiency if the proceeds of any sale or other disposition of the Collateral are insufficient to pay its Obligations and the fees and disbursements of any attorneys employed by the Administrative Agent or any other Secured Party to collect such deficiency.
Appears in 8 contracts
Samples: Guarantee and Collateral Agreement (Petrohawk Energy Corp), Term Loan Agreement Guarantee and Collateral Agreement (Petrohawk Energy Corp), Guarantee and Collateral Agreement (Petrohawk Energy Corp)
Waiver; Deficiency. Each To the extent permitted by applicable law, each Grantor waives and agrees not to assert any rights or privileges which it may acquire under the Texas UCC or any other applicable law. Each Grantor shall remain liable for any deficiency if the proceeds of any sale or other disposition of the Collateral are insufficient to pay its Secured Obligations and the documented fees and disbursements of any attorneys employed by the Administrative Agent or any other Secured Party to collect such deficiency.
Appears in 2 contracts
Samples: Guarantee and Collateral Agreement (Dune Energy Inc), Guarantee and Collateral Agreement (Dune Energy Inc)
Waiver; Deficiency. Each To the extent permitted by applicable law, each Grantor waives and agrees not to assert any rights or privileges which it may acquire under the Texas UCC or any other applicable law. Each Grantor shall remain liable for any deficiency if the proceeds of any sale or other disposition of the Collateral are insufficient to pay its Secured Obligations and the documented fees and disbursements of any attorneys employed by the Administrative Collateral Agent or any other Secured Party to collect such deficiency.
Appears in 1 contract
Waiver; Deficiency. Each Grantor waives and agrees not to assert any rights or privileges which it may acquire under the Texas UCC or any other applicable law. Each Grantor shall remain liable for any deficiency if the proceeds of any sale or other disposition of the Collateral are insufficient to pay its Secured Obligations and the fees and disbursements of any attorneys employed by the Administrative Agent or any other Secured Party to collect such deficiency.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Halcon Resources Corp)