To the extent permitted by applicable law, the Grantor waives and agrees not to assert any rights or privileges which it may acquire under the New York UCC or any other applicable law with respect to any deficiency described in the following sentence. The Grantor shall remain liable for any deficiency if the proceeds of any sale or other disposition of the Collateral are insufficient to pay its Obligations and the fees and disbursements of any attorneys employed by the Administrative Agent to collect such deficiency.