Redelivery of Collateral. If any sale or transfer of Collateral by Secured Party results in full satisfaction of the Obligations, and after such sale or transfer and discharge there remains a surplus of proceeds, Secured Party will deliver to Pledgor such excess proceeds in a commercially reasonable time; provided, however, that Secured Party shall not have any liability for any interest, cost or expense in connection with any delay in delivering such proceeds to Pledgor.
Redelivery of Collateral. If any sale or transfer of Collateral by Secured Party results in full satisfaction of the Obligations, and after such sale or transfer and discharge there remains a surplus of proceeds, Secured Party will deliver to Debtor such excess proceeds in a commercially reasonable time; provided, however, that Secured Party shall not be liable for any interest, cost or expense in connection with any delay in delivering such proceeds to Debtor.
Redelivery of Collateral. Upon payment in full of the entire principal sum and all accrued interest due under the Note, and subject to the terms and conditions of the Purchase Agreement, the Company will immediately redeliver the Collateral to Pledgor and this Agreement will terminate; provided, however, that all rights of the Company to retain possession of the Shares pursuant to the Purchase Agreement will survive termination of this Agreement.
Redelivery of Collateral. Upon payment in full of the entire principal sum and accrued interest due under the Note, and subject to the terms and conditions of the Stock Purchase Agreement, the Company shall immediately redeliver the Collateral pledged hereunder to Pledgor, duly endorsed, and this Agreement shall terminate; provided, however, that all rights of the Company to retain possession of the Shares pursuant to the Stock Purchase Agreement shall survive termination of this Agreement.
Redelivery of Collateral. Upon payment in full of the entire ------------------------ principal sum and all accrued interest due under the Note.
Redelivery of Collateral. 11 Section 7.06 GOVERNING LAW.......................................................................11 Section 7.07 Effectiveness.......................................................................11 Section 7.08 Continuing Security Agreement.......................................................11 Section 7.09 Termination.........................................................................12 SECOND AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT This Second Amended and Restated Pledge and Security Agreement is made, as of October 22, 1999, by QUEEN SAND RESOURCES, INC., a Nevada corporation ("Pledgor"), in favor of ABLECO FINANCE LLC, as Collateral Agent for the Lender Group (together with any successor collateral agent, "Secured Party").
Redelivery of Collateral. Lender agrees that, within three business days of Borrower's full payment of the Obligations, to return the Collateral to Borrower at the address specified herein for the giving of notices or to such other person and address as Borrower specifies in writing to Lender.
Redelivery of Collateral. Any Collateral that is sold, transferred or otherwise disposed of in accordance with Section 9.2 of the Credit Agreement shall automatically be released from the Lien of this Security Agreement without delivery of any instrument or performance of any further act by any Person, and upon any such release, the Agent will, at the Obligors' sole expense, execute and deliver to the applicable Obligors such documents as such Obligor shall reasonably request to evidence such release. If any sale or transfer of Collateral by the Agent results in full satisfaction of the Secured Obligations, and after such sale or transfer and discharge there remains a surplus of proceeds, the Agent will deliver to the Obligors such excess proceeds in a commercially reasonable time; provided, however, that the Agent shall not be liable for any interest, cost or expense in connection with any delay in delivering such proceeds to the Obligors.
Redelivery of Collateral. Upon the earlier to occur of (a) immediately prior to the merger of Borrower with Pledgee or any affiliate thereof or (b) payment in full of the entire principal sum and all accrued interest due under the Note, Pledgee will immediately redeliver any Collateral in Pledgee’s possession to Pledgors, and this Agreement will automatically terminate. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, this Agreement shall automatically be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Redelivery of Collateral. If any sale or transfer of Collateral by the Collateral Agent results in full satisfaction of the Obligations, and after such sale or transfer and discharge there remains a surplus of proceeds, the Collateral Agent will deliver to Debtor such excess proceeds in a commercially reasonable time; provided, however, that neither the Collateral Agent nor any Secured Party shall have any liability for any interest, cost or expense in connection with any delay in delivering such proceeds to Debtor.
