Deleting between in and out points easily

Here's the scenario. There are five clips on the timeline and you are navigating using JKL. So you set an in point halfway into clip two by hitting "i" on the keyboard. You navigate forward in the timeline. You set the out point halway into clip four by hitting "o" on the keyboard. The looped region is then highlighted in grey between the two yellow in and out points, right? How would one, with the keyboard, go about deleting all unlocked events in the timeline that fall between the in and out points?

The logical answer to this would be to simply hit the delete key. However, with Vegas 11, I can't figure out how to accomplish this without getting the mouse involved and adding two additional steps.

The mouse must first be used to select clips 2,3 and 4. And then the hightlighted looped region must be double clicked (or hit "shift q" to select the unlocked events below to be deleted.

Am I missing something? Is there not a more efficient way to do this common task in Vegas? Just an in, an out and a delete? I just find it sort of surprising that so many steps must be done to do such a common task. I come from a FCP v1-7 background where the delete key would delete between the i/o points and a shift delete would delete and "rippple" the following footage back. Any help is much appreciated.

Thanks all.