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 upon written request of the Corporation to the Trustee and thereupon the 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 limitation provided by the laws of the Province of Ontario.

Appears in 2 contracts

Samples: Secured Trust Indenture, Secured Trust Indenture

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Repayment of Unclaimed Monies or Common Shares. β€Œ Subject to Applicable Lawapplicable law, any monies, 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 less one day after the date of such setting aside shall be repaid and delivered to the Corporation upon by the Trustee at the written request of the Corporation to the Trustee and thereupon the 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, 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, monies or Common Shares, if applicable, from the Corporation subject to any limitation provided by the laws of the Province of Ontario.

Appears in 1 contract

Samples: Debenture Indenture

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Repayment of Unclaimed Monies or Common Shares. Subject to Applicable Lawapplicable law, any monies, 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 less one day after the date of such setting aside shall be repaid and delivered to the Corporation upon by the Trustee at the written request of the Corporation to the Trustee and thereupon the 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, 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, monies or Common Shares, if applicable, from the Corporation subject to any limitation provided by the laws of the Province of Ontario.

Appears in 1 contract

Samples: sedar-filings-backup.thecse.com

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