Common use of Liability of Grantor Clause in Contracts

Liability of Grantor. The Grantor shall remain liable to the Trustee for any deficiency remaining after the application of the proceeds of any sale, lease or disposition of the Charged property by the Trustee.

Appears in 4 contracts

Sources: Deed of Hypothec (SLM International Inc /De), Deed of Hypothec (SLM International Inc /De), Deed of Hypothec (SLM International Inc /De)

Liability of Grantor. The Grantor shall remain liable to the Trustee for any deficiency remaining after the application of the proceeds of any sale, lease or disposition of the Charged property Property by the Trustee.

Appears in 2 contracts

Sources: Note Purchase Agreement (BELLUS Health Inc.), Note Purchase Agreement (BELLUS Health Inc.)