Common use of Obtain Deficiency Clause in Contracts

Obtain Deficiency. To the extent permitted by applicable law, if the Secured Party chooses to sell any or all of the Collateral, the Secured Party may obtain a judgment against Grantor for any deficiency remaining on the Obligations after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this paragraph is a sale of accounts or chattel paper.

Obtain Deficiency. To the extent permitted by applicable law, if the If Secured Party chooses to sell any or all of the Collateral, the Secured Party may obtain a judgment against Grantor for any deficiency remaining on the Obligations Indebtedness due to Secured Party after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall be liable for a deficiency even if the transaction described in this paragraph subsection is a sale of accounts or chattel paper.