Common use of Liability for Deficiency Clause in Contracts

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 hereunder in compliance with the Loan Documents and applicable law results in reduction of the Obligations, such action will not release Pledgor from its liability to Secured Party for any unpaid Obligations, including (to the extent permitted by law) costs, charges and expenses incurred in the liquidation of Collateral, together with interest thereon until paid at the rate per annum equal to 2% plus the rate applicable to ABR Loans as provided in Section 3.02(a) of the Credit Agreement, and the same shall be immediately due and payable to Secured Party at Secured Party's address set forth in the opening paragraph hereof.

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 hereunder in compliance with the Loan Documents and applicable law results in reduction of the Obligations, such action will not release Pledgor from its liability to Secured Party for any unpaid Obligations, including (to the extent permitted by law) costs, charges and expenses incurred in the liquidation of Collateral, together with interest thereon until paid at the rate per annum equal to 2% plus the rate applicable to ABR Loans as provided in Section 3.02(a) of the Credit Agreement, and the same shall be immediately due and payable to Secured Party at Secured Party's address set forth in the opening paragraph hereof.

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 hereunder in compliance with the Loan Documents and applicable law results in reduction of the Obligations, such action will not release Pledgor from its liability to Secured Party or any Lender for any unpaid Obligations, including (to the extent permitted by law) costs, charges and expenses incurred in the liquidation of Collateral, together with interest thereon until paid at the rate per annum equal to 2% plus the rate applicable to ABR Loans as provided in Section 3.02(a2.13(a) of the Credit Agreement, and the same shall be immediately due and payable to Secured Party at Secured Party's ’s address set forth in the opening paragraph hereof.