Common use of Repayment of the Company Clause in Contracts

Repayment of the Company. The Trustee and the Paying Agent shall return to the Company upon written request any money or securities held by them for the payment of any amount with respect to the Notes that remains unclaimed for two years, subject to applicable unclaimed property law. After return to the Company, Holders entitled to the money or securities must look to the Company for payment as general creditors unless an applicable abandoned property law designates another person and the Trustee and the Paying Agent shall have no further liability to the Noteholders with respect to such money or securities for that period commencing after the return thereof.

Appears in 13 contracts

Samples: Indenture (Profit Recovery Group International Inc), Indenture (Veeco Instruments Inc), Indenture (PRG Schultz International Inc)

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Repayment of the Company. The Trustee and the Paying ------------------------ Agent shall return to the Company upon written request any money or securities held by them for the payment of any amount with respect to the Notes that remains unclaimed for two years, subject to applicable unclaimed property law. After return to the Company, Holders entitled to the money or securities must look to the Company for payment as general creditors unless an applicable abandoned property law designates another person and the Trustee and the Paying Agent shall have no further liability to the Noteholders with respect to such money or securities for that period commencing after the return thereof.

Appears in 2 contracts

Samples: Indenture (Asyst Technologies Inc /Ca/), Indenture (Resmed Inc)

Repayment of the Company. The Trustee and the Paying Agent shall return to the Company upon written request any money or securities held by them for the payment of any amount with respect to the Notes that remains unclaimed for two years, subject to applicable unclaimed property law. After return to the Company, Holders entitled to the money or securities must look to the Company for payment as general creditors (subject to the provisions of Articles 11 and 12 hereof) unless an applicable abandoned property law designates another person and the Trustee and the Paying Agent shall have no further liability to the Noteholders Holders with respect to such money or securities for that period commencing after the return thereof.

Appears in 1 contract

Samples: Indenture (Osi Pharmaceuticals Inc)

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Repayment of the Company. The Trustee and the Paying Agent shall promptly return to the Company upon written request (i) any excess money held by them at any time and (ii) any money or securities held by them for the payment of any amount with respect to the Notes that remains unclaimed for two years, subject to applicable unclaimed property law. After return to the Company, Holders entitled to the money or securities must look to the Company for payment as general creditors unless an applicable abandoned property law designates another person and the Trustee and the Paying Agent shall have no further liability to the Noteholders Holders with respect to such money or securities for that period commencing after the return thereof.

Appears in 1 contract

Samples: Indenture (Openwave Systems Inc)

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