Deficiency Guaranty definition
Deficiency Guaranty means a Deficiency Guaranty Agreement substantially in the form attached as Exhibit D to be entered into between Guarantor, Agent and the Lenders pursuant to Section 3.5.
Deficiency Guaranty means, with respect to any Advance (a) the Guaranty and Subordination Agreement, in form and substance satisfactory to Lender, dated as of the date of the Note evidencing such Advance, pursuant to which Guarantor agrees that in the event of any exercise by Lender of its remedies under such Note and the Security Agreement executed and delivered by Borrower in connection with such Note, Guarantor shall pay to Lender an amount equal to thirty percent (30%) of any deficiency suffered by Lender following such exercise, based upon the amount of principal of, and accrued and outstanding interest under, such Note as of the date Lender exercises such remedies, and the amount of Lender's expenses in exercising such remedies or (b) such other Guaranty or other document which is in form and substance satisfactory to Lender and accepted by Lender.