Tiered tip out assembly for round shank drill bits

1. A round shank tool holder assembly, comprising:

a storage case;

a first tip out tool holder configured to removably receive at least a first round shank tool therein, the first tip out tool holder pivotally secured within the storage case and moveable about a first pivot axis between a stowed position and a deployed position, wherein the first round shank tool remains visible in both the stowed and deployed positions;

a second tip out tool holder configured to removably receive at least a second round shank tool therein, the second tip out tool holder pivotally secured within the storage case and moveable about a second pivot axis between a stowed position and a deployed position, wherein the second round shank tool remains visible in both the stowed and deployed positions;

a first tool retention member configured to substantially prevent axial movement of the first round shank tool when the first tip out tool holder is in the stowed position;

a second tool retention member configured to substantially prevent axial movement of the second round shank tool when the second tip out tool holder is in the stowed position; and

wherein the first tool retention member is defined at least in part by a first portion of the second tip out tool holder; and

an interference assembly configured to substantially prevent the second tip out tool holder from being moved toward the deployed position with the first tip out tool holder in the stowed position, wherein the interference assembly is defined by a portion of the second tip out tool holder that is configured to engage a portion of the first tip out tool holder when the second tip out tool holder is moved toward the deployed position with the first tip out tool holder in the stowed position.

2. The assembly of claim 1 , wherein the second round shank tool retention member is defined by a raised interior portion of the storage case.

3. The assembly of claim 1 , further comprising a deployment assembly configured to move the first tip out tool holder about the first pivot axis into the deployed position.

4. The assembly of claim 3 , wherein the first tip out tool holder includes a first body extending from the first pivot axis and configured to removably receive the first round shank tool, and wherein the deployment assembly includes a pushbutton extending from the first pivot axis opposite the first body.

5. The assembly of claim 1 , further comprising a locking assembly configured to selectively lock the first tip out tool holder in the stowed position.

6. The assembly of claim 5 , wherein the locking assembly includes a protrusion extending from one of the first tip out tool holder and the second tip out tool holder that is configured to be removably received within a detent defined within the other of the first tip out tool holder and the second tip out tool holder.

7. The assembly of claim 6 , wherein the interference assembly includes an interference portion defined on the other of the first tip out tool holder and the second tip out tool holder that is configured to engage the protrusion when the second tip out tool holder is moved toward the deployed position with the first tip out tool holder in the stowed position.

8. The assembly of claim 7 , further comprising a deployment assembly configured to move the first tip out tool holder about the first pivot axis into the deployed position.

9. The assembly of claim 1 , wherein the first tool retention member includes a shim block disposed between the second tip out tool holder and the first round shank tool.

10. The assembly of claim 1 , further comprising a first stopping member configured to substantially prevent the first tip out tool holder from rotating past a first predetermined rotational position when moved into the deployed position and a second stopping member configured to substantially prevent the second tip out tool holder from rotating past a second predetermined rotational position when moved into the deployed position.

11. A tool holder assembly, comprising:

a storage case;

a first tip out tool holder configured to removably receive at least a first tool therein, the first tip out tool holder pivotally secured within the storage case and moveable about a first pivot axis between a stowed position and a deployed position; and

a second tip out tool holder configured to removably receive at least a second tool therein, the second tip out tool holder pivotally secured within the storage case and moveable about a second pivot axis between a stowed position and a deployed position; and

an interference assembly configured to substantially prevent the second tip out tool holder from being moved toward the deployed position with the first tip out tool holder in the stowed position, wherein the interference assembly is defined by a portion of the second tip out tool holder that is configured to engage a portion of the first tip out tool holder to substantially prevent axial movement of the second tip out tool holder when the first and second tip out tool holders are in the stowed position.

12. The assembly of claim 11 , wherein the first and second tools extend from the first and second tip out tool holders, respectively, a predetermined length, and wherein the predetermined length of each of the first and second tools remains substantially visible when the first and second tip out tool holders are in the stowed position.

13. The assembly of claim 11 , further comprising a deployment assembly configured to move the first tip out tool holder about the first pivot axis into the deployed position.

14. The assembly of claim 13 , wherein the first tip out tool holder includes a first body extending from the first pivot axis and configured to removably receive the first tool, and wherein the deployment assembly includes a pushbutton extending from the first pivot axis opposite the first body.

15. The assembly of claim 11 , further comprising a locking assembly configured to selectively lock the first tip out tool holder in the stowed position.

16. The assembly of claim 15 , wherein the locking assembly includes a protrusion extending from one of the first tip out tool holder and the second tip out tool holder that is configured to be removably received within a detent defined within the other of the first tip out tool holder and the second tip out tool holder.

17. The assembly of claim 16 , wherein the interference assembly is configured to substantially prevent the second tip out tool holder from being moved toward the deployed position with the first tip out tool holder in the stowed position, and wherein the interference assembly includes an interference portion defined on the other of the first tip out tool holder and the second tip out tool holder that is configured to engage the protrusion when the second tip out tool holder is moved toward the deployed position with the first tip out tool holder in the stowed position.

18. The assembly of claim 11 , further comprising a first stopping member configured to substantially prevent the first tip out tool holder from rotating past a first predetermined rotational position when moved into the deployed position and a second stopping member configured to substantially prevent the second tip out tool holder from rotating past a second predetermined rotational position when moved into the deployed position.

19. A round shank tool holder assembly, comprising:

a storage case;

a first tip out tool holder configured to removably receive at least a first round shank tool therein, the first tip out tool holder pivotally secured within the storage case and moveable about a first pivot axis between a stowed position and a deployed position, wherein the first round shank tool remains visible in both the stowed and deployed positions;

a second tip out tool holder configured to removably receive at least a second round shank tool therein, the second tip out tool holder pivotally secured within the storage case and moveable about a second pivot axis between a stowed position and a deployed position, wherein the second round shank tool remains visible in both the stowed and deployed positions;

a first tool retention member configured to substantially prevent axial movement of the first round shank tool when the first tip out tool holder is in the stowed position;

a second tool retention member configured to substantially prevent axial movement of the second round shank tool when the second tip out tool holder is in the stowed position; and

an interference assembly configured to substantially prevent the second tip out tool holder from being moved toward the deployed position with the first tip out tool holder in the stowed position, wherein the interference assembly is defined by a portion of the second tip out tool holder that is configured to engage a portion of the first tip out tool holder when the second tip out tool holder is moved toward the deployed position with the first tip out tool holder in the stowed position.