Common use of Deficiencies Clause in Contracts

Deficiencies. It is understood that the Loan Parties shall remain liable to the extent of any deficiency between the amount of the proceeds of the Collateral and the amount of the Finance Obligations.

Appears in 8 contracts

Sources: Credit Agreement (Amag Pharmaceuticals Inc.), Security Agreement (Verifone Systems, Inc.), Pledge Agreement (Sbarro Express LLC)

Deficiencies. It is understood that the Loan Parties shall remain jointly and severally liable to the extent of any deficiency between the amount of the proceeds of the Collateral and the amount of the Finance Obligations.

Appears in 5 contracts

Sources: Credit Agreement (Sucampo Pharmaceuticals, Inc.), Pledge Agreement (Life Technologies Corp), Pledge Agreement (Duane Reade Holdings Inc)

Deficiencies. It is understood that the U.S. Loan Parties shall remain liable to the extent of any deficiency between the amount of the proceeds of the Collateral and the amount of the U.S. Finance Obligations.

Appears in 3 contracts

Sources: Credit Agreement (Masonite International Corp), Security Agreement (Masonite International Corp), Security Agreement (Masonite International Corp)

Deficiencies. It is understood that the Loan Parties shall remain liable to the extent of any deficiency between the amount of the proceeds of the Collateral and the amount of the Finance Credit Obligations.

Appears in 2 contracts

Sources: Security Agreement (Sbarro Inc), Pledge Agreement (Sbarro Inc)

Deficiencies. It is understood that the Loan Credit Parties shall remain liable to the extent of any deficiency between the amount of the proceeds of the Collateral and the amount of the Finance Obligations.

Appears in 2 contracts

Sources: Credit Agreement (Be Aerospace Inc), Credit Agreement (Be Aerospace Inc)

Deficiencies. It is understood that the Loan Parties shall remain jointly and severally liable to the extent of any deficiency between the amount of the proceeds of the Collateral and the amount of the Finance Note Obligations.

Appears in 1 contract

Sources: Pledge Agreement (IMI of Arlington, Inc.)

Deficiencies. It is understood that the Loan Parties shall remain liable to the extent of any deficiency between the amount of the proceeds of the Collateral and the amount of the Finance Senior Obligations.

Appears in 1 contract

Sources: Security Agreement (VeriFone Holdings, Inc.)

Deficiencies. It is understood that the Loan Parties shall remain jointly and severally liable to the extent of any deficiency between the amount of the proceeds of the Pledged Collateral and the amount of the Finance Obligations.

Appears in 1 contract

Sources: Pledge Agreement (Verifone Systems, Inc.)

Deficiencies. It is understood that the U.S. Loan Parties shall remain liable to the extent of any deficiency between the amount of the proceeds of the Collateral and the amount of the Finance Obligations.

Appears in 1 contract

Sources: u.s. Security Agreement (Masonite International Corp)

Deficiencies. It is understood that the Loan Parties shall remain liable to the extent of any deficiency between the amount of the proceeds of the Collateral and the amount of the Finance Note Obligations.

Appears in 1 contract

Sources: Security Agreement (IMI of Arlington, Inc.)

Deficiencies. It is understood that the Loan Parties shall remain jointly and severally liable to the extent of any deficiency between the amount of the proceeds of the Collateral and the amount of the Finance Senior Obligations.

Appears in 1 contract

Sources: Pledge Agreement (VeriFone Holdings, Inc.)