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 six years after the date of such setting aside shall be repaid and delivered to the 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 Corporation shall have no rights in respect thereof except to obtain payment and delivery of the monies from the Corporation subject to any limitation provided by the laws of the Province of Ontario.

Appears in 5 contracts

Samples: Indenture (Modern Mining Technology Corp.), Secured Convertible Debenture Indenture (Starfighters Space, Inc.), Indenture (Aurora Cannabis 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 six four years after the date of such setting aside shall upon the written demand of the Company be repaid and delivered to the Corporation 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 Corporation Company shall have no rights in respect thereof except to obtain payment and delivery of the monies from the Corporation 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.)

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 six years after the date of such setting aside shall be repaid and delivered to the Corporation 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 Corporation Company shall have no rights in respect thereof except to obtain payment and delivery of the monies from the Corporation 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 six years after the date of such setting aside shall be repaid and delivered to the Corporation by 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 Corporation shall have no rights in respect thereof except to obtain payment and delivery of the monies from the 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 8.2 and not claimed by and paid to holders of Debentures as provided in Section 9.2 8.2 within six years after the date of such setting aside shall be repaid and delivered to upon written request of the Corporation by 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 in respect of which such monies were so repaid to the Corporation shall have no rights in respect thereof except to obtain payment and delivery of the monies from the Corporation subject to any limitation provided by the laws of the Province of Ontario.

Appears in 1 contract

Samples: Indenture (HEXO 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 six four years after the date of such setting aside shall upon the written demand of the Company be repaid and delivered to the Corporation 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 Corporation Company shall have no rights in respect thereof except to obtain payment and delivery of the monies from the Corporation 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.)

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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 six three years after the date of such setting aside shall be repaid and delivered to the 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 Corporation shall have no rights in respect thereof except to obtain payment and delivery of the said monies from the Corporation subject to any limitation provided by the laws of the Province of Ontario.

Appears in 1 contract

Samples: Indenture (Canopy Growth Corp)

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 six years after the date of such setting aside shall be repaid and delivered to the 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 Corporation shall have no rights in respect thereof except to obtain payment and delivery of the monies from the 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 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 upon written request of the Corporation by 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 in respect of which such monies were so repaid to the Corporation shall have no rights in respect thereof except to obtain payment and delivery of the monies from the Corporation subject to any limitation provided by the laws of the Province of Ontario.

Appears in 1 contract

Samples: Indenture (Organigram Holdings Inc.)

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