Common use of Deficiency Clause in Contracts

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral are insufficient to cover the costs and expenses of such realization and the payment in full of the Obligations, Debtors shall remain jointly and severally liable for any deficiency.

Appears in 33 contracts

Samples: Security Agreement (Arch Therapeutics, Inc.), Security Agreement (Innovation1 Biotech Inc.), Security Agreement (Veroni Brands Corp.)

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Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral are insufficient to cover the costs and expenses of such realization and the payment in full of the ObligationsLiabilities, Debtors shall remain jointly and severally liable for any deficiency.

Appears in 17 contracts

Samples: Security Agreement (Enter Corp), Security Agreement (Enter Corp), Security Agreement (Enter Corp)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral are insufficient to cover the reasonable and documented costs and expenses of such realization and the payment in full of the Obligations, Debtors shall remain jointly and severally liable for any deficiency.

Appears in 8 contracts

Samples: Security Agreement (Trio Petroleum Corp.), Security Agreement (Trio Petroleum Corp.), Security Agreement (cbdMD, Inc.)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral are insufficient to cover the costs and expenses of such realization and the payment in full of the ObligationsLiabilities, the Debtors shall remain jointly and severally liable for any deficiency.

Appears in 6 contracts

Samples: Security Agreement, Security Agreement (Kaching Kaching, Inc.), Security Agreement (Panther Expedited Services, Inc.)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral are insufficient to cover the costs and expenses of such realization and the payment in full of the ObligationsLiabilities, Debtors Debtor shall remain jointly and severally liable for any deficiency.

Appears in 4 contracts

Samples: Security Agreement (Corrpro Companies Inc /Oh/), Security Agreement (Booktech Com Inc), Security Agreement (Booktech Com Inc)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral are insufficient to cover the costs and expenses of such realization and the payment in full of the Obligations, Debtors shall remain jointly and severally liable for any deficiency.

Appears in 3 contracts

Samples: First Lien Security Agreement (American Petro-Hunter Inc), Security Agreement (South Texas Oil Co), Security Agreement (South Texas Oil Co)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral are insufficient to cover the costs and expenses of such realization and the payment in full of the Obligations, Debtors the Borrowers shall remain jointly and severally liable for any deficiency.

Appears in 3 contracts

Samples: Loan and Security Agreement (FS Credit Real Estate Income Trust, Inc.), Loan and Security Agreement (FS Credit Real Estate Income Trust, Inc.), Loan and Security Agreement (FS Credit Real Estate Income Trust, Inc.)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral are insufficient to cover the costs and expenses of such realization and the payment in full of the ObligationsLiabilities, Debtors shall remain jointly and severally liable for any deficiency.

Appears in 2 contracts

Samples: Security Agreement (usell.com, Inc.), Security Agreement (usell.com, Inc.)

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Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral are insufficient to cover the costs and expenses of such realization and the payment in full of the Obligations, the Debtors shall remain jointly and severally liable for any deficiency.

Appears in 2 contracts

Samples: Security Agreement (Sport Endurance, Inc.), Security Agreement (Sport Endurance, Inc.)

Deficiency. If the proceeds of sale, collection or other realization ---------- of or upon the Collateral are insufficient to cover the costs and expenses of such realization and the payment in full of the ObligationsLiabilities, Debtors Debtor shall remain jointly and severally liable for any deficiency.

Appears in 2 contracts

Samples: Security Agreement (Interplay Entertainment Corp), Pledge and Security Agreement (MRS Fields Holding Co Inc)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral are insufficient to cover the reasonable and documented costs and expenses of such realization and the payment in full of the Obligations, the Debtors shall remain jointly and severally liable for any deficiency.

Appears in 1 contract

Samples: Security Agreement (Trio Petroleum Corp.)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral are insufficient to cover the costs and expenses of such realization and the payment in full of the ObligationsLiabilities, Debtors each Debtor shall remain jointly and severally liable for any deficiency.

Appears in 1 contract

Samples: Security Agreement (Warrantech Corp)

Deficiency. If the proceeds of sale, collection or other ---------- realization of or upon the Collateral are insufficient to cover the costs and expenses of such realization and the payment in full of the ObligationsLiabilities, Debtors Debtor shall remain jointly and severally liable for any deficiency.

Appears in 1 contract

Samples: Pledge and Security Agreement (MRS Fields Brand Inc)

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