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 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.

Appears in 4 contracts

Samples: Guaranty Agreement (Midcoast Energy Resources Inc), Security Agreement (Western Pacific Airlines Inc /De/), Security Agreement (Edge Petroleum Corp)

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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 Debtor Debtors such excess proceeds in a commercially reasonable timeaccordance with the Indenture; provided, however, that Secured Party shall not be liable for any interest, cost or expense in connection with any reasonable delay in delivering such proceeds to DebtorDebtors.

Appears in 2 contracts

Samples: Security Agreement (Herbst Gaming Inc), Security Agreement (Herbst Gaming 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 Debtor such excess proceeds in a commercially reasonable time; provided, however, that neither Secured Party shall not be liable have any liability for any interest, cost or expense in connection with any delay in delivering such proceeds to Debtor.

Appears in 1 contract

Samples: Security Agreement (Triathlon Broadcasting 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 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.

Appears in 1 contract

Samples: Asset Purchase Agreement (Sbe 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 Debtor such excess proceeds in a commercially reasonable time; provided, however, that neither Secured Party nor any Lender shall not be liable have any liability for any interest, cost or expense in connection with any reasonable delay in delivering such proceeds to Debtor.

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 Debtor Debtors 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 DebtorDebtors.

Appears in 1 contract

Samples: Security Agreement (Willbros Group 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 proceedsProceeds, Secured Party will deliver to Debtor such excess proceeds 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 reasonable delay in delivering such proceeds Proceeds to Debtor.

Appears in 1 contract

Samples: Security Agreement (Mainland Resources Inc.)

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Redelivery of Collateral. If any sale or transfer of Collateral by the Secured Party results in full satisfaction of the Obligations, and after such sale or transfer and discharge there remains a surplus of proceeds, the Secured Party will deliver to Debtor such excess proceeds in a commercially reasonable time; provided, however, that neither the Secured Party shall not be liable have any liability for any interest, cost or expense in connection with any delay in delivering such proceeds to Debtor.

Appears in 1 contract

Samples: Security Agreement (Panda Interfunding 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 Debtor such excess proceeds in a commercially reasonable time; provided, however, that neither Secured Party nor any Noteholder shall not be liable have any liability for any interest, cost or expense in connection with any delay in delivering such proceeds to Debtor.

Appears in 1 contract

Samples: Security Agreement (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 Debtor such excess proceeds in a commercially reasonable time; providedPROVIDED, howeverHOWEVER, that Secured Party shall not be liable for any interest, cost cost, or expense in connection with any delay in delivering such proceeds to Debtor.

Appears in 1 contract

Samples: Pledge and Security Agreement (New Stat Healthcare 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 each 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 reasonable delay in delivering such proceeds to such Debtor.

Appears in 1 contract

Samples: Security Agreement (HCS Ii Inc)

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