Common use of Deficiency; Excess Clause in Contracts

Deficiency; Excess. Any deficiency that exists after disposition of the Collateral as provided above will be paid immediately to Lender by Borrower. Any excess will be returned, without interest and subject to the rights of third Persons, by Lender to Borrower.

Appears in 7 contracts

Samples: Loan and Security Agreement (DecisionPoint Systems, Inc.), Loan and Security Agreement (Visualant Inc), Loan and Security Agreement (Andalay Solar, Inc.)

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Deficiency; Excess. Any deficiency that exists after disposition of the Collateral as provided above will be paid immediately to Lender Lenders by Borrower. Any excess will be returned, without interest and subject to the rights of third Persons, by Lender Lenders to Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (T3 Motion, Inc.)

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