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 30 contracts

Samples: Security Agreement (American International Holdings Corp.), Security Agreement (Adma Biologics, Inc.), Security Agreement (Guided Therapeutics 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 ObligationsLiabilities, Debtors shall remain jointly and severally liable for any deficiency.

Appears in 17 contracts

Samples: Security Agreement (Heavy Metal, Inc.), Security Agreement (Mru Holdings Inc), Security Agreement (Sonterra Resources, 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, Debtors shall remain jointly and severally liable for any deficiency.

Appears in 6 contracts

Samples: Security Agreement, Security Agreement (Caravelle International Group), Form of Security Agreement (Atlis Motor Vehicles 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 5 contracts

Samples: Security Agreement (Duke Mining Company, Inc.), Security Agreement (Panther Expedited Services, Inc.), Security Agreement (Evolution Resources, 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 (Booktech Com Inc), Security Agreement (Packaged Ice 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 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)

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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 2 contracts

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