Common use of Repayment of Unclaimed Monies or Common Shares Clause in Contracts

Repayment of Unclaimed Monies or Common Shares. Subject to applicable law, any monies or Common Shares, if applicable, set aside under Section 9.2 and not claimed by and paid to holders of Debentures as provided in Section 9.2 within six years after the date of such setting aside shall be repaid and delivered to the Corporation by the Debenture Agent and thereupon the Debenture Agent shall be released from all further liability with respect to such monies or Common Shares, if applicable, and thereafter the holders of the Debentures in respect of which such monies or Common Shares, if applicable, were so repaid to the Corporation shall have no rights in respect thereof except to obtain payment and delivery of the monies or Common Shares, if applicable, from the Corporation subject to any prescription provided by the laws of the Province of Québec. Notwithstanding the foregoing, the Debenture Agent will pay any remaining funds prior to the expiry of six years after the setting aside described in Section 9.2 to the Corporation upon receipt from the Corporation, or one of its Subsidiaries, of an uncontested letter of credit from a Canadian chartered bank in an amount equal to or in excess of the amount of the remaining funds. If the remaining funds are paid to the Corporation prior to the expiry of six years after such setting aside, the Corporation shall reimburse the Debenture Agent for any amounts so set aside which are required to be paid by the Debenture Agent to a holder of a Debenture after the date of such payment of the remaining funds to the Corporation but prior to six years after such setting aside.

Appears in 2 contracts

Samples: Debenture Indenture (Amaya Gaming Group Inc.), Debenture Indenture (Amaya Gaming Group Inc.)

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Repayment of Unclaimed Monies or Common Shares. Subject to applicable law, any monies or Common Shares, if applicable, set aside under Section 9.2 and not claimed by and paid to holders of Debentures as provided in Section 9.2 within six five years less one day after the date of such setting aside shall be repaid and delivered to the Corporation by the Debenture Agent Trustee and thereupon the Debenture Agent Trustee shall be released from all further liability with respect to such monies or Common Shares, if applicable, and thereafter the holders of the Debentures in respect of which such monies or Common Shares, if applicable, were so repaid to the Corporation shall have no rights in respect thereof except to obtain payment and delivery of the monies or Common Shares, if applicable, from the Corporation subject to any prescription limitation provided by the laws of the Province of QuébecAlberta. Notwithstanding the foregoing, the Debenture Agent Trustee will pay any remaining funds prior to the expiry of six five years less one day after the setting aside described in Section 9.2 to the Corporation upon receipt from the Corporation, or one of its Subsidiaries, of an uncontested unconditional letter of credit from a Canadian chartered bank in an amount equal to or in excess of the amount of the remaining funds. If the remaining funds are paid to the Corporation prior to the expiry of six five years less one day after such setting aside, the Corporation shall reimburse the Debenture Agent Trustee for any amounts so set aside which are required to be paid by the Debenture Agent Trustee to a holder of a Debenture after the date of such payment of the remaining funds to the Corporation but prior to six five years less one day after such setting aside.

Appears in 2 contracts

Samples: Debenture Indenture (Ivanhoe Energy Inc), Convertible Debenture Indenture (Advantage Oil & Gas Ltd.)

Repayment of Unclaimed Monies or Common Shares. Subject to applicable law, any monies or Common Shares, if applicable, set aside under Section 9.2 and not claimed by and paid to holders of Debentures as provided in Section 9.2 within six five years less one day after the date of such setting aside shall be repaid and delivered to the Corporation by the Debenture Agent Trustees and thereupon the Debenture Agent Trustees shall be released from all further liability with respect to such monies or Common Shares, if applicable, and thereafter the holders of the Debentures in respect of which such monies or Common Shares, if applicable, were so repaid to the Corporation shall have no rights in respect thereof except to obtain payment and delivery of the monies or Common Shares, if applicable, from the Corporation subject to any prescription provided by the laws of the Province of QuébecCorporation. Notwithstanding the foregoing, the Debenture Agent Trustees will pay any remaining funds prior to the expiry of six five years less one day after the setting aside described in Section 9.2 9.4 to the Corporation upon receipt from the Corporation, or one of its Subsidiaries, of an uncontested unconditional letter of credit from a Canadian chartered bank denominated and payable in the currency or currency unit in which the Debentures are payable and in an amount equal to or in excess of the amount of the remaining funds. If the remaining funds are paid to the Corporation prior to the expiry of six five years less one day after such setting aside, the Corporation shall reimburse the Debenture Agent Trustees for any amounts so set aside which are required to be paid by the Debenture Agent Trustees to a holder of a Debenture after the date of such payment of the remaining funds to the Corporation but prior to six five years less one day after such setting aside.

Appears in 2 contracts

Samples: Convertible Debenture Indenture (Energy Fuels Inc), Convertible Debenture Indenture (Energy Fuels Inc)

Repayment of Unclaimed Monies or Common Shares. Subject to applicable law, any monies or Common Shares, if applicable, set aside under Section 9.2 and not claimed by and paid to holders of Debentures as provided in Section 9.2 within six five years less one day after the date of such setting aside shall be repaid and delivered to the Corporation by the Debenture Agent Trustee and thereupon the Debenture Agent Trustee shall be released from all further liability with respect to such monies or Common Shares, if applicable, and thereafter the holders of the Debentures in respect of which such monies or Common Shares, if applicable, were so repaid to the Corporation shall have no rights in respect thereof except to obtain payment and delivery of the monies or Common Shares, if applicable, from the Corporation subject to any prescription limitation provided by the laws of the Province of QuébecOntario. Notwithstanding the foregoing, the Debenture Agent Trustee will pay any remaining funds prior to the expiry of six five years less one day after the setting aside described in Section 9.2 to the Corporation upon receipt from the Corporation, or one of its Subsidiaries, of an uncontested unconditional letter of credit from a Canadian chartered bank in an amount equal to or in excess of the amount of the remaining funds. If the remaining funds are paid to the Corporation prior to the expiry of six five years less one day after such setting aside, the Corporation shall reimburse the Debenture Agent Trustee for any amounts so set aside which are required to be paid by the Debenture Agent Trustee to a holder of a Debenture after the date of such payment of the remaining funds to the Corporation but prior to six five years less one day after such setting aside.

Appears in 1 contract

Samples: Debenture Indenture (Molycorp, Inc.)

Repayment of Unclaimed Monies or Common Shares. Subject to applicable law, any monies or Common Shares, if applicable, set aside under Section 9.2 and not claimed by and paid to holders of Debentures as provided in Section 9.2 within six five years less one day after the date of such setting aside shall be repaid and delivered to the Corporation by the Debenture Agent Trustee and thereupon the Debenture Agent Trustee shall be released from all further liability with respect to such monies or Common Shares, if applicable, and thereafter the holders of the Debentures in respect of which such monies or Common Shares, if applicable, were so repaid to the Corporation shall have no rights in respect thereof except to obtain payment and delivery of the monies or Common Shares, if applicable, from the Corporation subject to any prescription limitation provided by the laws of the Province of QuébecOntario. Notwithstanding the foregoing, the Debenture Agent Trustee will pay any remaining funds prior to the expiry of six five years less one day after the setting aside described in Section 9.2 9.4 to the Corporation upon receipt from the Corporation, or one of its Subsidiaries, of an uncontested unconditional letter of credit from a Canadian chartered bank in an amount equal to or in excess of the amount of the remaining funds. If the remaining funds are paid to the Corporation prior to the expiry of six five years less one day after such setting aside, the Corporation shall reimburse the Debenture Agent Trustee for any amounts so set aside which are required to be paid by the Debenture Agent Trustee to a holder of a Debenture after the date of such payment of the remaining funds to the Corporation but prior to six five years less one day after such setting aside.

Appears in 1 contract

Samples: Convertible Debenture Indenture (Energy Fuels Inc)

Repayment of Unclaimed Monies or Common Shares. Subject to applicable law, any monies or Common Shares, if applicable, set aside under Section 9.2 and not claimed by and paid to holders of Debentures as provided in Section 9.2 within six five years less one day after the date of such setting aside shall be repaid and delivered to the Corporation by the Debenture Agent Trustee without interest and thereupon the Debenture Agent Trustee shall be released from all further liability with respect to such monies or Common Shares, if applicable, and thereafter the holders of the Debentures in respect of which such monies or Common Shares, if applicable, were so repaid to the Corporation shall have no rights in respect thereof except to obtain payment and delivery of the monies or Common Shares, if applicable, from the Corporation subject to any prescription limitation provided by the laws of the Province of QuébecAlberta. Notwithstanding the foregoing, the Debenture Agent Trustee will pay any remaining funds prior to the expiry of six five years less one day after the setting aside described in Section 9.2 to the Corporation upon receipt from the Corporation, or one of its Subsidiaries, of an uncontested unconditional letter of credit from a Canadian chartered bank in an amount equal to or in excess of the amount of the remaining funds. If the remaining funds are paid to the Corporation prior to the expiry of six five years less one day after such setting aside, the Corporation shall reimburse the Debenture Agent Trustee for any amounts so set aside which are required to be paid by the Debenture Agent Trustee to a holder of a Debenture after the date of such payment of the remaining funds to the Corporation but prior to six five years less one day after such setting aside.

Appears in 1 contract

Samples: Debenture Indenture

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Repayment of Unclaimed Monies or Common Shares. Subject to applicable law, any monies or Common Shares, if applicable, set aside under Section 9.2 and not claimed by and paid to holders of Debentures as provided in Section 9.2 within six five years less one day after the date of such setting aside shall shall, upon written request of the Corporation, be repaid and delivered to the Corporation by the Debenture Agent Trustee and thereupon the Debenture Agent Trustee shall be released from all further liability with respect to such monies or Common Shares, if applicable, and thereafter the holders of the Debentures in respect of which such monies or Common Shares, if applicable, were so repaid to the Corporation shall have no rights in respect thereof except to obtain payment and delivery of the monies or Common Shares, if applicable, from the Corporation subject to any prescription limitation provided by the laws of the Province of QuébecOntario. Notwithstanding the foregoing, the Debenture Agent Trustee will pay any remaining funds prior to the expiry of six five years less one day after the setting aside described in Section 9.2 to the Corporation upon receipt from the Corporation, or one of its Subsidiaries, of an uncontested unconditional letter of credit from a Canadian chartered bank in an amount equal to or in excess of the amount of the remaining funds. If the remaining funds are paid to the Corporation prior to the expiry of six five years less one day after such setting aside, the Corporation shall reimburse the Debenture Agent Trustee for any amounts so set aside which are required to be paid by the Debenture Agent Trustee to a holder of a Debenture after the date of such payment of the remaining funds to the Corporation but prior to six five years less one day after such setting aside.

Appears in 1 contract

Samples: Debenture Indenture

Repayment of Unclaimed Monies or Common Shares. Subject to applicable law, any monies or Common Shares, if applicable, set aside under Section 9.2 and not claimed by and paid to holders of Debentures as provided in Section 9.2 within six three years less one day after the date of such setting aside shall be repaid and delivered to the Corporation by the Debenture Agent Trustee and thereupon the Debenture Agent Trustee shall be released from all further liability with respect to such monies or Common Shares, if applicable, and thereafter the holders of the Debentures in respect of which such monies or Common Shares, if applicable, were so repaid to the Corporation shall have no rights in respect thereof except to obtain payment and delivery of the monies or Common Shares, if applicable, from the Corporation subject to any prescription limitation provided by the laws of the Province of QuébecAlberta. Notwithstanding the foregoing, the Debenture Agent Trustee will pay any remaining funds prior to the expiry of six three years less one day after the setting aside described in Section 9.2 to the Corporation upon receipt from the Corporation, or one of its Subsidiaries, of an uncontested unconditional letter of credit from a Canadian chartered bank in an amount equal to or in excess of the amount of the remaining funds. If the remaining funds are paid to the Corporation prior to the expiry of six three years less one day after such setting aside, the Corporation shall reimburse the Debenture Agent Trustee for any amounts so set aside which are required to be paid by the Debenture Agent Trustee to a holder of a Debenture after the date of such payment of the remaining funds to the Corporation but prior to six three years less one day after such setting aside.

Appears in 1 contract

Samples: Debenture Indenture (Bellatrix Exploration Ltd.)

Repayment of Unclaimed Monies or Common Shares. Subject to applicable law, any monies or Common Shares, if applicable, set aside under Section 9.2 and not claimed by and paid to holders of Debentures as provided in Section 9.2 within six years after the date of such setting aside shall be repaid and delivered to the Corporation by the Debenture Agent Trustee and thereupon the Debenture Agent Trustee shall be released from all further liability with respect to such monies or Common Shares, if applicable, and thereafter the holders of the Debentures in respect of which such monies or Common Shares, if applicable, were so repaid to the Corporation shall have no rights in respect thereof except to obtain payment and delivery of the monies or Common Shares, if applicable, from the Corporation subject to any prescription limitation provided by the laws of the Province of QuébecAlberta. Notwithstanding the foregoing, the Debenture Agent Trustee will pay any remaining funds prior to the expiry of six years after the setting aside described in Section 9.2 to the Corporation upon receipt from the Corporation, or one of its Subsidiaries, of an uncontested unconditional letter of credit from a Canadian chartered bank in an amount equal to or in excess of the amount of the remaining funds. If the remaining funds are paid to the Corporation prior to the expiry of six years after such setting aside, the Corporation shall reimburse the Debenture Agent Trustee for any amounts so set aside which are required to be paid by the Debenture Agent Trustee to a holder of a Debenture after the date of such payment of the remaining funds to the Corporation but prior to six years after such setting aside.

Appears in 1 contract

Samples: Convertible Debenture Indenture (Anderson Energy LTD)

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