Common use of Repayment of Unclaimed Monies Clause in Contracts

Repayment of Unclaimed Monies. Subject to applicable law, any monies set aside under Section 9.2 and not claimed by and paid to holders of Debentures as provided in Section 9.2 within four years after the date of such setting aside shall upon the written demand of the Company be repaid and delivered to the Company by the Trustee and thereupon the Trustee shall be released from all further liability with respect to such monies and thereafter the holders of the Debentures in respect of which such monies were so repaid to the Company shall have no rights in respect thereof except to obtain payment and delivery of the monies from the Company subject to any limitation provided by the laws of the Province of Ontario.

Appears in 4 contracts

Samples: Convertible Debenture Indenture (Poet Technologies Inc.), Convertible Debenture Indenture (Poet Technologies Inc.), Convertible Debenture Indenture (Poet Technologies Inc.)

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Repayment of Unclaimed Monies. Subject to applicable law, any monies set aside under Section 9.2 and not claimed by and paid to holders of Debentures as provided in Section 9.2 within four six years after the date of such setting aside shall upon the written demand of the Company be repaid and delivered to the Company Corporation by the Trustee and thereupon the Trustee shall be released from all further liability with respect to such monies and thereafter the holders of the Debentures in respect of which such monies were so repaid to the Company Corporation shall have no rights in respect thereof except to obtain payment and delivery of the monies from the Company Corporation subject to any limitation provided by the laws of the Province of Ontario.

Appears in 4 contracts

Samples: Indenture (Modern Mining Technology Corp.), Indenture (Aurora Cannabis Inc), Indenture

Repayment of Unclaimed Monies. Subject to applicable law, any monies set aside under Section 9.2 8.2 and not claimed by and paid to holders of Debentures as provided in Section 9.2 8.2 within four six years after the date of such setting aside shall upon the written demand of the Company be repaid and delivered to the Company by the Trustee and thereupon the Trustee shall be released from all further liability with respect to such monies and thereafter the holders of the Debentures in respect of which such monies were so repaid to the Company shall have no rights in respect thereof except to obtain payment and delivery of the monies from the Company subject to any limitation provided by the laws of the Province of Ontario.

Appears in 3 contracts

Samples: webfiles.thecse.com, webfiles.thecse.com, webfiles.thecse.com

Repayment of Unclaimed Monies. Subject to applicable lawApplicable Law, any monies set aside under Section 9.2 7.2 and not claimed by and paid to holders of Debentures Notes as provided in Section 9.2 7.2 within four six years after the date of such setting aside shall upon the written demand of the Company be repaid and delivered to the Company by 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 and thereafter the holders of the Debentures Notes in respect of which such monies were so repaid to the Company Corporation shall have no rights in respect thereof except to obtain payment and delivery of the monies from the Company Corporation subject to any limitation provided by the laws of the Province of Ontario.

Appears in 2 contracts

Samples: Trust Indenture (Columbia Care Inc.), Trust Indenture (Columbia Care Inc.)

Repayment of Unclaimed Monies. Subject to applicable law, any monies set aside under Section 9.2 10.2 and not claimed by and paid to holders of Debentures as provided in Section 9.2 10.2 within four years after the date of such setting aside shall upon the written demand of the Company be repaid and delivered to the Company by the Trustee and thereupon the Trustee shall be released from all further liability with respect to such monies and thereafter the holders of the Debentures in respect of which such monies were so repaid to the Company shall have no rights in respect thereof except to obtain payment and delivery of the monies from the Company subject to any limitation provided by the laws of the Province of Ontario.

Appears in 1 contract

Samples: Convertible Debenture Indenture (I-80 Gold Corp.)

Repayment of Unclaimed Monies. Subject to applicable law, any monies set aside under Section 9.2 10.2 and not claimed by and paid to holders of Debentures as provided in Section 9.2 10.2 within four three years after the date of such setting aside shall upon the written demand of the Company be repaid and delivered to the Company Corporation by the Trustee and thereupon the Trustee shall be released from all further liability with respect to such monies and thereafter the holders of the Debentures in respect of which such monies were so repaid to the Company Corporation shall have no rights in respect thereof except to obtain payment and delivery of the said monies from the Company Corporation subject to any limitation provided by the laws of the Province of Ontario.

Appears in 1 contract

Samples: Indenture (Canopy Growth Corp)

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Repayment of Unclaimed Monies. Subject to applicable law, any monies set aside under Section 9.2 and not claimed by and paid to holders of Debentures as provided in Section 9.2 within four six years after the date of such setting aside shall upon the written demand of the Company be repaid and delivered upon written request of the Corporation to the Company by the Trustee and thereupon the Trustee shall be released from all further liability with respect to such monies and thereafter the holders of the Debentures in respect of which such monies were so repaid to the Company Corporation shall have no rights in respect thereof except to obtain payment and delivery of the monies from the Company Corporation subject to any limitation provided by the laws of the Province of Ontario.

Appears in 1 contract

Samples: Indenture (Organigram Holdings Inc.)

Repayment of Unclaimed Monies. Subject to applicable law, any monies set aside under Section 9.2 and not claimed by and paid to holders of Debentures as provided in Section 9.2 within four six years after the date of such setting aside shall upon the written demand of the Company be repaid and delivered to the Company Corporation by the Trustee and thereupon the Trustee shall be released from all further liability with respect to such monies and thereafter the holders of the Debentures in respect of which such monies were so repaid to the Company Corporation shall have no rights in respect thereof except to obtain payment and delivery of the monies from the Company Corporation subject to any limitation provided by the laws of the Province of OntarioQuébec.

Appears in 1 contract

Samples: Indenture

Repayment of Unclaimed Monies. Subject to applicable law, any monies set aside under Section 9.2 8.2 and not claimed by and paid to holders of Debentures as provided in Section 9.2 8.2 within four six years after the date of such setting aside shall upon the written demand of the Company be repaid and delivered upon written request of the Corporation to the Company by the Trustee and thereupon the Trustee shall be released from all further liability with respect to such monies and thereafter the holders of the Debentures in respect of which such monies were so repaid to the Company Corporation shall have no rights in respect thereof except to obtain payment and delivery of the monies from the Company Corporation subject to any limitation provided by the laws of the Province of Ontario.

Appears in 1 contract

Samples: Indenture (HEXO Corp.)

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