Common use of Redelivery of Collateral Clause in Contracts

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.

Appears in 8 contracts

Samples: Pledge and Security Agreement (Williams Randa Duncan), Pledge and Security Agreement (Williams Randa Duncan), Pledge and Security Agreement (Williams Randa Duncan)

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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 or such other Person as may be required by a Governmental Authority such excess proceeds in a commercially reasonable time; provided, however, that neither Secured Party nor any Holders of the Notes shall not have any liability for any interest, cost or expense in connection with any reasonable delay in delivering such proceeds to Pledgor.

Appears in 6 contracts

Samples: Partnership Interest Pledge Agreement (NGA Holdco, LLC), Membership Interest Pledge Agreement (NGA Holdco, LLC), Partnership Interest Pledge Agreement (NGA Holdco, LLC)

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.

Appears in 5 contracts

Samples: Pledge and Security Agreement (St Mary Land & Exploration Co), Credit Agreement (St Mary Land & Exploration Co), Pledge and Security Agreement (St Mary Land & Exploration Co)

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 promptly deliver to the Pledgor such excess proceeds in a commercially reasonable timeproceeds; provided, however, that Secured Party shall not have any liability be liable for any interest, cost or expense in connection with any delay in delivering such proceeds to the Pledgor.

Appears in 3 contracts

Samples: Pledge Agreement (BitNile Holdings, Inc.), Pledge Agreement (BitNile Holdings, Inc.), Pledge Agreement (BitNile Holdings, Inc.)

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 neither Secured Party nor the Lender Group shall not have any liability for any interest, cost or expense in connection with any reasonable delay in delivering such proceeds to Pledgor.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Corrida Resources Inc), Pledge and Security Agreement (Corrida Resources Inc)

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 neither Secured Party nor any Lender shall not have any liability for any interest, cost or expense in connection with any reasonable delay in delivering such proceeds to Pledgor.

Appears in 2 contracts

Samples: Security Agreement (Corrida Resources Inc), Security Agreement (Queen Sand Resources Inc)

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 or such other Person as may be required by a court of competent jurisdiction 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 reasonable delay in delivering such proceeds to Pledgor.

Appears in 1 contract

Samples: Security Agreement (Dailey Petroleum Services Corp)

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 neither Secured Party nor any Noteholder shall not have any liability for any interest, cost or expense in connection with any delay in delivering such proceeds to Pledgor.

Appears in 1 contract

Samples: Indenture (Brigham Holdings Ii LLC)

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 neither Secured Party nor any Lender shall not have any liability for any interest, cost or expense in connection with any delay in delivering such proceeds to Pledgor.

Appears in 1 contract

Samples: Security Agreement (Kinder Morgan Energy Partners Lp)

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Redelivery of Collateral. If any sale or transfer of Collateral by Secured Party results in full satisfaction of the Secured 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 Pledgoras required by the Code.

Appears in 1 contract

Samples: Pledge Agreement (American Standard Energy Corp.)

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 neither Secured Party nor any other Guaranteed Party shall not have any liability for any interest, cost or expense in connection with any reasonable delay in delivering such proceeds to Pledgor.

Appears in 1 contract

Samples: Security Agreement (Purina Mills Inc)

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 promptly deliver to the applicable Pledgor such excess proceeds in a commercially reasonable timeproceeds; provided, however, that Secured Party shall not have any liability be liable for any interest, cost or expense in connection with any delay in delivering such proceeds to such Pledgor.

Appears in 1 contract

Samples: Pledge Agreement (Ault Alliance, Inc.)

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 or such other Person as may be required by a Governmental Authority such excess proceeds in a commercially reasonable time; provided, -------- however, that neither Secured Party nor any Holders of the Notes shall not have any ------- liability for any interest, cost or expense in connection with any reasonable delay in delivering such proceeds to Pledgor.

Appears in 1 contract

Samples: Stock Pledge Agreement (HWCC Shreveport Inc)

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 so long as Secured Party acts in a commercially reasonable manner in delivering such proceeds to Pledgor, Secured Party shall not have any liability be liable for any interest, cost or expense in connection with any delay in delivering such proceeds to Pledgortherewith.

Appears in 1 contract

Samples: Pledge Agreement (Contango Oil & Gas Co)

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