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)
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), Partnership Interest Pledge Agreement (NGA Holdco, LLC), Membership 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 Debtor such excess proceeds in a commercially reasonable time; provided, however, that Secured Party shall not have any liability be liable for any interest, cost or expense in connection with any reasonable delay in delivering such proceeds to PledgorDebtor.
Appears in 5 contracts
Samples: Security Agreement (HWCC Shreveport Inc), Security Agreement (Shreveport Capital Corp), Security Agreement (Shreveport Capital 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 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: Guaranty Agreement (St Mary Land & Exploration Co), Pledge and Security 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 deliver to Pledgor Debtor such excess proceeds in a commercially reasonable time; provided, however, that Secured Party shall not have any liability be liable for any interest, cost or expense in connection with any reasonable delay in delivering such proceeds to PledgorDebtor.
Appears in 5 contracts
Samples: Security Agreement (NGA Holdco, LLC), Security Agreement (NGA Holdco, LLC), Security 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 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 (Queen Sand Resources Inc), 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 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.
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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.
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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 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.
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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 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 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.
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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 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)
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.
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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.
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