Common use of Repayment to Corporation Clause in Contracts

Repayment to Corporation. The Trustee and the Paying Agent shall promptly pay to the Corporation upon request any excess money or securities held by them at any time. The Trustee and the Paying Agent shall pay, unless otherwise prohibited by mandatory provisions of applicable escheat or abandoned or unclaimed property law, to the Corporation upon request any money held by them for the payment of principal or interest, if any, that remains unclaimed for two years.

Appears in 14 contracts

Samples: Indenture (Lockheed Martin Corp), Indenture (Lockheed Martin Corp), Indenture (Lockheed Martin Corp)

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Repayment to Corporation. The Trustee and the Paying Agent shall promptly pay to the Corporation upon request any excess money or securities held by them at any time. The Trustee and the Paying Agent shall pay, unless otherwise prohibited by mandatory provisions of applicable escheat or abandoned or unclaimed property law, pay to the Corporation upon request any money held by them for the payment of principal or interest, if any, interest that remains unclaimed for two years.

Appears in 3 contracts

Samples: Indenture (Martin Marietta Materials Inc), Indenture (Martin Marietta Materials Inc), Indenture (Martin Marietta Materials Inc)

Repayment to Corporation. The Trustee and the Paying Agent shall promptly pay to the Corporation upon request any excess money or securities held by them it at any timetime unless the Trustee otherwise has valid claims under Section 7.07 hereof or otherwise under this Indenture. The Trustee and the Paying Agent shall pay, unless otherwise prohibited by mandatory provisions of applicable escheat or abandoned or unclaimed property law, pay to the Corporation upon request any money held by them it for the payment of principal or interest, if any, interest that remains unclaimed for two (2) years. All monies unclaimed after a two year period shall be remitted to the Corporation.

Appears in 2 contracts

Samples: Trust Indenture (Cornerstone Ministries Investments Inc), Trust Indenture (Pif/Cornerstone Ministries Investments Inc)

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Repayment to Corporation. The Trustee and the Paying Agent shall promptly pay to the Corporation upon request any excess money or securities held by them it at any timetime unless the Trustee otherwise has valid claims under Section 7.07 hereof or otherwise under this Indenture. The Trustee and the Paying Agent shall pay, unless otherwise prohibited by mandatory provisions of applicable escheat or abandoned or unclaimed property law, pay to the Corporation upon request any money held by them it for the payment of principal or interest, if any, interest that remains unclaimed for two (2) years.

Appears in 1 contract

Samples: Trust Indenture (Pif/Cornerstone Ministries Investments Inc)

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