Where full payment is not be made on the due date, the creditor may ask for the restitution of the asset in order to regain the right to sell it.
For the purpose of payment the value of the said asset shall be deducted from the balance of the secured debt.
Where the value of the asset recovered is more than the said balance, the creditor shall owe the debtor an amount equal to the difference.
Any clause contrary to paragraphs 2 and 3 above shall be disregarded.
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 23
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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Section 77 of the Acte uniforme révisé portant organisation des sûretés/akn/ohada/act/loi/2010-12-15/aus-2010
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