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 British Columbia.

Appears in 5 contracts

Samples: Indenture, Convertible Debenture Indenture (Crailar Technologies Inc), Convertible Debenture Indenture (Crailar 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 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 British Columbia.

Appears in 2 contracts

Samples: Convertible Debenture Indenture, Indenture‌

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 monies from the Corporation subject to any limitation provided by the laws of the Province of British Columbia.

Appears in 2 contracts

Samples: Convertible Debenture Indenture, Convertible Debenture Indenture

Repayment of Unclaimed Monies. Subject to applicable law, any 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 (6) years after the date of such setting aside shall be repaid and delivered to the Corporation by the Trustee on demand 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 applicable limitation period provided by the laws of the Province of British Columbia.

Appears in 1 contract

Samples: Trust Indenture (Endeavour Silver Corp)

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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 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 British Columbia.

Appears in 1 contract

Samples: Debenture Indenture

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