Okla. Stat. tit. 12A, § 12A-2A-527

LESSOR'S RIGHTS TO DISPOSE OF GOODS

(1) After a default by a lessee under the lease contract of the

type described in subsection (1) of Section 2A-523 of this title or

paragraph (a) of subsection (3) of Section 2A-523 of this title or

after the lessor refuses to deliver or takes possession of goods

(Section 2A-525 or 2A-526 of this title), or, if agreed, after other

default by a lessee, the lessor may dispose of the goods concerned

or the undelivered balance thereof by lease, sale, or otherwise.

(2) Except as otherwise provided with respect to damages

liquidated in the lease agreement (Section 2A-504 of this title) or

otherwise determined pursuant to agreement of the parties

(subsection (c) of Section 15 of this act and Section 2A-503 of this

title), if the disposition is by lease agreement substantially

similar to the original lease agreement and the new lease agreement

Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 276

is made in good faith and in a commercially reasonable manner, the

lessor may recover from the lessee as damages:

(i) accrued and unpaid rent as of the date of the

commencement of the term of the new lease agreement,

(ii) the present value, as of the same date, of the total

rent for the then remaining lease term of the original

lease agreement minus the present value, as of the

same date, of the rent under the new lease agreement

applicable to that period of the new lease term which

is comparable to the then remaining term of the

original lease agreement, and

(iii) any incidental damages allowed under Section 2A-530 of

this title, less expenses saved in consequence of the

lessee's default.

(3) If the lessor's disposition is by lease agreement that for

any reason does not qualify for treatment under subsection (2) of

this section, or is by sale or otherwise, the lessor may recover

from the lessee as if the lessor had elected not to dispose of the

goods and Section 2A-528 of this title governs.

(4) A subsequent buyer or lessee who buys or leases from the

lessor in good faith for value as a result of a disposition under

this section takes the goods free of the original lease contract and

any rights of the original lessee even though the lessor fails to

comply with one or more of the requirements of this article.

(5) The lessor is not accountable to the lessee for any profit

made on any disposition. A lessee who has rightfully rejected or

justifiably revoked acceptance shall account to the lessor for any

excess over the amount of the lessee's security interest (subsection

(5) of Section 2A-508 of this title).