Repayment to Issuers. Each of the Trustee and each Paying Agent shall promptly turn over to the Issuers upon request any money or U.S. Government Obligations held by it as provided in this Article VIII that, in the written opinion of a nationally recognized firm of independent public accountants delivered to the Trustee (which delivery shall only be required if U.S. Government Obligations have been so deposited), are in excess of the amount thereof that would then be required to be deposited to effect an equivalent discharge or defeasance in accordance with this Article VIII. Subject to any applicable abandoned property law, the Trustee and each Paying Agent shall pay to the Issuers upon written request any money held by them for the payment of principal or interest that remains unclaimed for two years, and, thereafter, holders entitled to the money must look to the Issuers for payment as general creditors, and the Trustee and each Paying Agent shall have no further liability with respect to such monies.
Appears in 8 contracts
Samples: Indenture (Exela Technologies, Inc.), Restructuring Support Agreement (Exela Technologies, Inc.), Indenture (ADT Inc.)
Repayment to Issuers. Each of the Trustee and each Paying Agent shall promptly turn over to the Issuers upon request any money or U.S. Government Obligations held by it as provided in this Article VIII thatwhich, in the written opinion of a nationally recognized firm of independent public accountants delivered to the Trustee (which delivery shall only be required if U.S. Government Obligations have been so deposited), are in excess of the amount thereof that which would then be required to be deposited to effect an equivalent discharge or defeasance in accordance with this Article VIIIArticle. Subject to any applicable abandoned property law, the Trustee and each Paying Agent shall pay to the Issuers upon written request any money held by them for the payment of principal or interest that remains unclaimed for two years, and, thereafter, holders entitled to the money must look to the Issuers for payment as general creditors, and the Trustee and each Paying Agent shall have no further liability with respect to such monies.
Appears in 5 contracts
Samples: Indenture (Vici Properties Inc.), Indenture (Vici Properties Inc.), Indenture (CAESARS ENTERTAINMENT Corp)
Repayment to Issuers. Each of the The Trustee and each the Paying Agent shall promptly turn over to the Issuers upon request any money or U.S. Government Obligations held by it as provided in this Article VIII thatwhich, in the written opinion of a nationally an internationally recognized firm of independent public accountants delivered to the Trustee (which delivery shall only be required if U.S. Government U.S.Government Obligations have been so deposited), are in excess of the amount thereof that which would then be required to be deposited to effect an equivalent discharge or defeasance in accordance with this Article VIII8. Subject to any applicable abandoned property law, the Trustee and each the Paying Agent shall pay to the Issuers upon written request any money held by them for the payment of principal or interest that remains unclaimed for two years, and, thereafter, holders Holders entitled to the money must look to the Issuers for payment as general creditors, and the Trustee and each the Paying Agent shall have no further liability with respect to such monies.
Appears in 3 contracts
Samples: Senior Indenture (NXP Semiconductors N.V.), Senior Indenture (NXP Semiconductors N.V.), Senior Indenture (NXP Semiconductors N.V.)
Repayment to Issuers. Each of the The Trustee and each the Paying Agent shall promptly turn over to the Issuers upon request any money or money, U.S. Government Obligations held by it as provided in this Article VIII that8 which, in the written opinion of a nationally an internationally recognized firm of independent public accountants delivered to the Trustee (which delivery shall only be required if U.S. Government Obligations have been so deposited), are in excess of the amount thereof that which would then be required to be deposited to effect an equivalent discharge or defeasance in accordance with this Article VIII8. Subject to any applicable abandoned property law, the Trustee and each the Paying Agent shall pay to the Issuers upon written request any money held by them for the payment of principal or interest that remains unclaimed for two years, and, thereafter, holders Holders entitled to the money must look to the Issuers for payment as general creditors, and the Trustee and each the Paying Agent shall have no further liability with respect to such monies.
Appears in 3 contracts
Samples: Indenture (Altice USA, Inc.), Indenture (Altice USA, Inc.), Indenture (Altice USA, Inc.)
Repayment to Issuers. Each of the Trustee and each Paying Agent shall promptly turn over to the Issuers upon request any money or U.S. Government Obligations held by it as provided in this Article VIII that8 which, in the written opinion of a nationally recognized firm of independent public accountants delivered to the Trustee (which delivery shall only be required if U.S. Government Obligations have been so deposited), are in excess of the amount thereof that which would then be required to be deposited to effect an equivalent discharge or defeasance in accordance with this Article VIII8. Subject to any applicable abandoned property law, the Trustee and each Paying Agent shall pay to the Issuers upon written request any money held by them for the payment of principal or interest that remains unclaimed for two years, and, thereafter, holders Holders entitled to the money must look to the Issuers for payment as general creditors, and the Trustee and each Paying Agent shall have no further liability with respect to such monies.
Appears in 2 contracts
Samples: Indenture (Gates Global Inc.), Indenture (Gates Engineering & Services FZCO)
Repayment to Issuers. Each of the Trustee and each Paying Agent shall promptly turn over to the Issuers upon request any money or U.S. Government Obligations held by it as provided in this Article VIII thatwhich, in the written opinion of a nationally recognized firm of independent public accountants delivered to the Trustee (which delivery shall only be required if U.S. Government Obligations have been so deposited), are in excess of the amount thereof that which would then be required to be deposited to effect an equivalent discharge or defeasance in accordance with this Article VIIIArticle. Subject to any applicable abandoned property law, the Trustee and each the Paying Agent shall pay to the Issuers upon written request any money held by them for the payment of principal or interest Accreted Value of, premium, if any, and interest, if any, that remains unclaimed for two years, and, thereafter, holders Holders entitled to the money must look to the Issuers for payment as general creditors, and the Trustee and each the Paying Agent shall have no further liability with respect to such monies.
Appears in 2 contracts
Samples: Indenture (Nalco Finance Holdings Inc.), Indenture (Nalco Energy Services Equatorial Guinea LLC)
Repayment to Issuers. Each of the The Trustee and each the Paying Agent shall promptly turn over to the Issuers upon request any money or U.S. dollar-denominated Government Obligations held by it as provided in this Article VIII thatwhich, in the written opinion of a nationally an internationally recognized firm of independent public accountants delivered to the Trustee (which delivery shall only be required if U.S. Government dollar-denominated Obligations have been so deposited), are in excess of the amount thereof that which would then be required to be deposited to effect an equivalent discharge or defeasance in accordance with this Article VIII. Subject to any applicable abandoned property law, the Trustee and each Paying Agent shall pay to the Issuers upon written request any money held by them for the payment of principal or interest that remains unclaimed for two years, and, thereafter, holders Holders entitled to the money must look to the Issuers for payment as general creditors, and the Trustee and each the Paying Agent shall have no further liability with respect to such monies.
Appears in 1 contract
Samples: Indenture (Ferroglobe PLC)
Repayment to Issuers. Each of the The Trustee and each the Paying Agent shall promptly turn over to the Issuers upon request any money or U.S. Government Obligations held by it as provided in this Article VIII thatwhich, in the written opinion of a nationally recognized firm of independent public accountants delivered to the Trustee (which delivery shall only be required if U.S. Government Obligations have been so deposited), are in excess of the amount thereof that which would then be required to be deposited to effect an equivalent discharge or defeasance in accordance with this Article VIIIArticle. Subject to any applicable abandoned property law, the Trustee and each the Paying Agent shall pay to the Issuers upon written request any money held by them for the payment of principal or interest that remains unclaimed for two years, and, thereafter, holders Holders entitled to the money must look to the Issuers for payment as general creditorscreditors and the Trustee, and the Trustee and each Paying Agent shall have no further liability with respect to such monies.. 77
Appears in 1 contract
Samples: Indenture (Donjoy LLC)