Common use of Deficiency Clause in Contracts

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 8.03 are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Obligors shall remain liable for any deficiency.

Appears in 20 contracts

Samples: Senior Secured Term Loan Credit Agreement (Medley Capital Corp), Joinder Agreement (Sierra Income Corp), Guarantee, Pledge and Security Agreement (Alcentra Capital Corp)

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Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 8.03 5.05 are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Obligors shall remain liable for any deficiency.

Appears in 11 contracts

Samples: Security Agreement (Ampex Corp /De/), Security Agreement (Itc Deltacom Inc), Security Agreement (Herbst Gaming, LLC)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 8.03 6.04 are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Obligors shall remain liable for any deficiency.

Appears in 6 contracts

Samples: Assignment and Assumption (KKR & Co. L.P.), Guarantee and Security Agreement (KKR & Co. Inc.), Guarantee and Security Agreement (KKR & Co. Inc.)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 8.03 are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Obligors shall remain liable for any such deficiency.

Appears in 5 contracts

Samples: Pledge and Security Agreement (Barings BDC, Inc.), Guarantee Assumption Agreement (TCP Capital Corp.), Guarantee, Pledge and Security Agreement (FIDUS INVESTMENT Corp)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 8.03 6.05 are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured ObligationsObligations (other than contingent indemnification obligations for which no claim has been made), the Obligors shall remain liable for any deficiency.

Appears in 4 contracts

Samples: Credit Agreement (Thryv Holdings, Inc.), Guarantee and Collateral Agreement (Thryv Holdings, Inc.), Credit Agreement (Thryv Holdings, Inc.)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 8.03 5.05 hereof are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Obligors shall remain liable for any deficiency.

Appears in 3 contracts

Samples: Restatement Agreement (Constellation Brands, Inc.), Guarantee Agreement (Constellation Brands, Inc.), Project Financing Agreement (Constellation Brands, Inc.)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to this Section 8.03 6 are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Obligors Debtor shall remain liable for any deficiency.

Appears in 3 contracts

Samples: Security Agreement (Commerce One Inc / De/), Security Agreement (Bio Plexus Inc), Security Agreement (Commerce One Inc / De/)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 8.03 5.05 are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Obligors Obligors, jointly and severally, shall remain liable for any deficiency.

Appears in 3 contracts

Samples: Security Agreement (Krispy Kreme Doughnuts Inc), Second Lien Security Agreement (Krispy Kreme Doughnuts Inc), First Lien Security Agreement (Krispy Kreme Doughnuts Inc)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 8.03 5.05 hereof are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Obligors shall remain liable for any deficiency.

Appears in 2 contracts

Samples: Security Agreement (Sinclair Broadcast Group Inc), Credit Agreement (Constellation Brands, Inc.)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 8.03 5.04 hereof are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Obligors shall remain liable for any deficiency.

Appears in 2 contracts

Samples: Credit Agreement (Canadian Forest Oil LTD), Security Agreement (Canadian Forest Oil LTD)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 8.03 6.05 are insufficient to cover the costs and expenses of such realization and to cause the payment Payment in full Full of the Secured Obligations, the Obligors shall remain liable for any deficiency.

Appears in 1 contract

Samples: Credit Agreement (CBRE Acquisition Holdings, Inc.)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 8.03 5.5 are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Obligors shall remain liable for any deficiency.

Appears in 1 contract

Samples: Security Agreement (Daystar Technologies Inc)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 8.03 7.07 are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Obligors Grantors shall remain liable for any deficiency.

Appears in 1 contract

Samples: Pledge and Security Agreement (Fuelcell Energy Inc)

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Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 8.03 are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Obligors shall remain liable for any deficiency.. Guarantee and Security Agreement

Appears in 1 contract

Samples: Guarantee and Security Agreement (Corporate Capital Trust, Inc.)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 8.03 are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Obligors shall remain liable for any such deficiency.. 8.05

Appears in 1 contract

Samples: Pledge and Security Agreement (Barings BDC, Inc.)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 8.03 6.05 hereof are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Obligors shall remain jointly liable for any deficiency.

Appears in 1 contract

Samples: Guarantee, Pledge and Security Agreement (Marquee Group Inc)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 8.03 7.03 are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Obligors shall remain liable for any deficiency.

Appears in 1 contract

Samples: Guarantee, Pledge and Security Agreement (FS Energy & Power Fund)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 8.03 7.05 hereof are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Obligors Guarantor shall remain liable for any deficiency.

Appears in 1 contract

Samples: Guarantee and Pledge Agreement (Canadian Forest Oil LTD)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 8.03 6.05 are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Obligors shall remain liable for any deficiency.

Appears in 1 contract

Samples: Assignment and Assumption (KKR & Co. L.P.)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 8.03 7.05 are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Obligors Guarantors shall remain liable for any deficiency.

Appears in 1 contract

Samples: Joint Venture Agreement (Nextel Partners Inc)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 8.03 6.05 hereof are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Obligors Counterparty shall remain liable for any deficiency.

Appears in 1 contract

Samples: Pledge Agreement (Verio Inc)

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