Deficiencies and Excess Proceeds - NY VM CSA Provision

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In a Nutshell Section 8(c):

Template:Nutshell 2016 NY CSA 8(c) view template

2016 NY VM CSA full text of Section 8(c):

8(c) Deficiencies and Excess Proceeds. The Secured Party will Transfer to the Pledgor any proceeds and Posted Credit Support (VM) remaining after liquidation, Set-off and/or application under Paragraphs 8(a) and 8(b) after satisfaction in full of all amounts payable by the Pledgor with respect to any Obligations; and the Pledgor in all events will remain liable for any amounts remaining unpaid after any liquidation, Set-off and/or application under 8(a) and 8(b).
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Related Agreements
Click here for the text of Section 8(c) in the 1994 New York law CSA
There is no equivalent to this provision in either the 1995 CSA or the 2016 VM CSA


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