Common use of Liability for Deficiency Clause in Contracts

Liability for Deficiency. If any sale or other disposition of Collateral by Secured Party or any other action of Secured Party hereunder results in reduction of the Obligations, such action will not release Debtor from its liability to Secured Party for any unpaid Obligations, including costs, charges and expenses incurred in the liquidation of Collateral, together with interest thereon, and the same shall be immediately due and payable to Secured Party at Secured Party's address set forth in the opening paragraph hereof.

Appears in 6 contracts

Samples: Pledge and Security Agreement (New Stat Healthcare Inc), Asset Purchase Agreement (Sbe Inc), Guaranty Agreement (Midcoast Energy Resources Inc)

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Liability for Deficiency. If any sale or other disposition of Collateral by Secured Party or any other action of Secured Party hereunder results in a partial reduction of the ObligationsLiabilities, such action will shall not release Debtor from its liability to Secured Party for any unpaid ObligationsLiabilities, including costs, charges and expenses incurred in the liquidation of Collateral, together with interest thereon, and the same shall be immediately due and payable to Secured Party at Secured Party's address set forth in the opening paragraph hereof.

Appears in 3 contracts

Samples: Security Agreement (BLC Financial Services Inc), Security Agreement (BLC Financial Services Inc), Security Agreement (BLC Financial Services Inc)

Liability for Deficiency. If any sale or other disposition of Collateral by Secured Party or any other action of Secured Party hereunder results in reduction of the Obligations, such action will not release Debtor from its liability to Secured Party for any unpaid Obligations, including costs, charges and expenses incurred in the liquidation of Collateral, together with interest thereonthereon at the rate then applicable under the Indenture, and the same shall be immediately due and payable to Secured Party at Secured Party's address set forth in the opening paragraph hereofIndenture.

Appears in 3 contracts

Samples: Intercompany Security Agreement (HWCC Shreveport Inc), Security Agreement (HCS Ii Inc), Security Agreement (HWCC Shreveport Inc)

Liability for Deficiency. If any sale or other disposition of Collateral by Secured Party or any other action of Secured Party or any the Lender Group hereunder or under any other Loan Document results in reduction of the Obligations, such action will not release Debtor Pledgor from its liability to Secured Party and the Lender Group for any unpaid Obligations, including costs, charges and expenses incurred in the liquidation of Collateral, together with interest thereon, and the same shall be immediately due and payable to Secured Party at Secured Party's address set forth in Administrative Agent for the opening paragraph hereofbenefit of the Lender Group.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Corrida Resources Inc), Pledge and Security Agreement (Corrida Resources Inc)

Liability for Deficiency. If any sale or other disposition ------------------------ of Collateral by Secured Party or any other action of Secured Party hereunder results in reduction of the Obligations, such action will not release Debtor from its liability to Secured Party for any unpaid Obligations, including costs, charges and expenses incurred in the liquidation of Collateral, together with interest thereonthereon at the rate then applicable under the Indenture, and the same shall be immediately due and payable to Secured Party at Secured Party's address set forth in the opening paragraph hereofIndenture.

Appears in 2 contracts

Samples: Intercompany Security Agreement (HWCC Shreveport Inc), Security Agreement (HWCC Shreveport Inc)

Liability for Deficiency. If any sale or other disposition of Collateral by Secured Party or any other action of Secured Party hereunder results in reduction of the Obligations, such action will not release Debtor Debtors from its their liability to Secured Party for any unpaid Obligations, including costs, charges and expenses incurred in the liquidation of Collateral, together with interest thereonthereon at the rate then applicable under the Indenture, and the same shall be immediately due and payable to Secured Party at Secured Party's address set forth in the opening paragraph hereofIndenture.

Appears in 2 contracts

Samples: Security Agreement (Herbst Gaming Inc), Security Agreement (Herbst Gaming Inc)

Liability for Deficiency. If any sale or other disposition of Collateral by Secured Party or any other action of Secured Party hereunder results in reduction of the Obligations, such action will not release Debtor from its liability to Secured Party for any unpaid Obligations, including costs, charges and expenses incurred in the liquidation of Collateral, together with interest thereon, and the same shall be immediately due and payable to Secured Party at Secured Party's address set forth in the opening paragraph hereofLoan Agreement.

Appears in 2 contracts

Samples: Security Agreement (R&b Falcon Corp), Security Agreement (R&b Falcon Corp)

Liability for Deficiency. If any sale or other disposition of ------------------------ Collateral by Secured Party or any other action of Secured Party hereunder results in reduction of the Obligations, such action will not release Debtor from its liability to Secured Party for any unpaid Obligations, including costs, charges and expenses incurred in the liquidation of Collateral, together with interest thereonthereon at the rate then applicable under the New Indenture, and the same shall be immediately due and payable to Secured Party at Secured Party's address set forth in the opening paragraph hereofNew Indenture.

Appears in 2 contracts

Samples: Security Agreement (Shreveport Capital Corp), Security Agreement (Shreveport Capital Corp)

Liability for Deficiency. If any sale or other disposition of Collateral by Secured Party or any other action of Secured Party hereunder results in reduction of the Obligations, such action will not release Debtor from its liability to Secured Party for any unpaid Obligations, including reasonable costs, charges and expenses incurred in the liquidation of Collateral, together with interest thereonthereon at the rate then applicable under the Indenture, and the same shall be immediately due and payable to Secured Party at Secured Party's ’s address set forth in the opening paragraph hereofIndenture.

Appears in 2 contracts

Samples: Security Agreement (NGA Holdco, LLC), Security Agreement (NGA Holdco, LLC)

Liability for Deficiency. If any sale or other disposition ------------------------ of Collateral by Secured Party or any other action of Secured Party hereunder results in reduction of the Obligations, such action will not release Debtor from its liability to Secured Party for any unpaid Obligations, including costs, charges and expenses incurred in the liquidation of Collateral, together with interest thereon, and the same shall be immediately due and payable to Secured Party at Secured Party's address set forth in the opening paragraph hereofIndenture.

Appears in 1 contract

Samples: Security Agreement (HWCC Shreveport Inc)

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Liability for Deficiency. If any sale or other disposition of Collateral by Secured Party in compliance with the Loan Documents and applicable law or any other action of Secured Party or any Noteholder hereunder in compliance with the Loan Documents and applicable law results in reduction of the Obligations, such action will not release Debtor from its liability to Secured Party and the Noteholders for any unpaid Obligations, including costs, charges and expenses incurred in the liquidation of Collateral, together with interest thereon, and the same shall be immediately due and payable to Secured Party at Secured Party's address set forth in the opening paragraph hereof.be

Appears in 1 contract

Samples: Security Agreement (Brigham Holdings Ii LLC)

Liability for Deficiency. If any sale or other disposition of Collateral by the Secured Party or any other action of the Secured Party hereunder results in reduction of the Obligations, such action will not release Debtor from its liability to the Secured Party for any unpaid Obligations, including costs, charges and expenses incurred in the liquidation of Collateral, together with interest thereon, and the same shall be immediately due and payable to the Secured Party at the Secured Party's address set forth in the opening paragraph hereof.

Appears in 1 contract

Samples: Security Agreement (Panda Interfunding Corp)

Liability for Deficiency. If any sale or ------------------------ other disposition of Collateral by Secured Party or any other action of Secured Party hereunder results in reduction of the Obligations, such action will not release any Debtor from its liability to Secured Party and/or the Banks for any unpaid Obligations, including costs, charges and expenses incurred in the liquidation of Collateral, together with interest thereon, and the same shall be immediately due and payable to Secured Party at Secured Party's address set forth in the opening paragraph hereof.

Appears in 1 contract

Samples: Security Agreement (Willbros Group Inc)

Liability for Deficiency. If any sale or other disposition of Collateral by Secured Party or any other action of Secured Party or any Lender hereunder results in reduction of the Obligations, such action will not release Debtor from its liability to Secured Party and the Lenders for any unpaid Obligations, including costs, charges and expenses incurred in the liquidation of Collateral, together with interest thereon, and the same shall be immediately due and payable to Secured Party at Secured Party's address set forth in the opening paragraph hereof.

Appears in 1 contract

Samples: Security Agreement (Kinder Morgan Energy Partners Lp)

Liability for Deficiency. If any sale or other disposition ------------------------ of Collateral by Secured Party or any other action of Secured Party hereunder results in reduction of the Obligations, such action will not release any Debtor from its liability to Secured Party for any unpaid Obligations, including costs, charges and expenses incurred in the liquidation of Collateral, together with interest thereonthereon at the rate then applicable under the Indenture, and the same shall be immediately due and payable to Secured Party at Secured Party's address set forth in the opening paragraph hereofIndenture.

Appears in 1 contract

Samples: Security Agreement (HCS Ii Inc)

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