Common use of Payment of Deficiency Clause in Contracts

Payment of Deficiency. If the proceeds of realization are insufficient to pay all monetary Obligations, the Debtor shall forthwith pay or cause to be paid to the Secured Party any deficiency and the Secured Party may xxx the Debtor to collect the amount of such deficiency; and

Appears in 2 contracts

Samples: General Security Agreement (Innexus Biotechnology Inc), General Security Agreement (Innexus Biotechnology Inc)

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Payment of Deficiency. If the proceeds Proceeds of realization are insufficient to pay all monetary Obligations, the Debtor shall forthwith pay or cause to be paid to the Secured Party any deficiency and the Secured Party may xxx the Debtor to collect the amount of such deficiency; and

Appears in 2 contracts

Samples: Line of Credit Agreement (Lucy Scientific Discovery, Inc.), Line of Credit Agreement (Lucy Scientific Discovery, Inc.)

Payment of Deficiency. If the proceeds of realization are insufficient to pay all monetary Obligations, the Debtor shall forthwith pay or cause to be paid to the Secured Party Parties any deficiency and the Secured Party Parties may xxx the Debtor to collect the amount of such deficiency; and

Appears in 1 contract

Samples: General Security Agreement (Inpixon)

Payment of Deficiency. If the proceeds of realization are insufficient sufficient to pay all monetary Obligations, the Debtor shall forthwith pay or cause to be paid to the Secured Party any deficiency and the Secured Party may xxx sue the Debtor to collect the amount of such deficiency; and

Appears in 1 contract

Samples: Security Agreement (3-D Geophysical Inc)

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Payment of Deficiency. If the proceeds of realization are insufficient to pay all monetary Obligations, the Debtor shall forthwith pay or cause to be paid to the Secured Party any deficiency and the Secured Party may xxx sxx the Debtor to collect the amount of such deficiency; and

Appears in 1 contract

Samples: Security Agreement (West Marine Inc)

Payment of Deficiency. If the proceeds of realization are insufficient to pay all monetary Obligations, the Debtor shall forthwith pay or cause to be paid to the Secured Party any deficiency and the Secured Party may xxx the Debtor to collect the amount of such deficiency; and.

Appears in 1 contract

Samples: Security Agreement (Coolbrands International Inc)

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