Common use of Waiver; Deficiency Clause in Contracts

Waiver; Deficiency. Each Pledgor 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 Guaranteed Creditor to collect such deficiency.

Appears in 9 contracts

Samples: Guaranty and Pledge Agreement (Linn Energy, LLC), Guaranty and Pledge Agreement (Linn Energy, LLC), Guaranty and Pledge Agreement (Whittier Energy Corp)

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Waiver; Deficiency. Each Pledgor 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 Subordinated Noteholder Representative or any Guaranteed Creditor to collect such deficiency.

Appears in 4 contracts

Samples: Subordinated Guaranty and Pledge Agreement (Teton Energy Corp), Subordinated Guaranty and Pledge Agreement (Teton Energy Corp), Subordinated Guaranty and Pledge Agreement (Teton Energy Corp)

Waiver; Deficiency. Each Pledgor 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 Guaranteed Creditor Lender to collect such deficiency.

Appears in 1 contract

Samples: Credit Agreement (Legacy Reserves L P)

Waiver; Deficiency. Each The Pledgor shall remain liable for any deficiency if the proceeds of any sale or other disposition of the Collateral are insufficient to pay its the Obligations and the fees and disbursements of any attorneys counsel employed by the Administrative Collection Agent or any Guaranteed Creditor Purchaser to collect such deficiency.

Appears in 1 contract

Samples: Revolving Trade Receivables Purchase Agreement (Celestica Inc)

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Waiver; Deficiency. Each Pledgor shall remain liable for any deficiency if the proceeds of any sale or other disposition of the Collateral are insufficient to pay its Obligations Indebtedness and the fees and disbursements of any attorneys employed by the Administrative Agent or any Guaranteed Creditor to collect such deficiency.

Appears in 1 contract

Samples: Guaranty and Pledge Agreement (Linn Energy, LLC)

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