Common use of Repayment to Partnership Clause in Contracts

Repayment to Partnership. The Trustee and any paying agent shall promptly turn over to the Partnership upon request any excess money or securities held by them at any time. Subject to any applicable abandoned property law, the Trustee and any paying agent shall pay to the Partnership upon request any money held by them for the payment of principal, premium or interest that remains unclaimed for two years, and, thereafter, Holders entitled to such money must look to the Partnership for payment as general creditors.

Appears in 42 contracts

Samples: Indenture (Energy Transfer LP), Indenture (Energy Transfer Partners, L.P.), Energy Transfer LP

AutoNDA by SimpleDocs

Repayment to Partnership. The Trustee and any paying agent Paying Agent shall promptly turn over to the Partnership upon request any excess money or securities held by them at any time. Subject to any applicable abandoned property law, the Trustee and any paying agent Paying Agent shall pay to the Partnership upon request any money held by them for the payment of principal, premium or interest that remains unclaimed for two years, and, thereafter, Holders entitled to such money must look to the Partnership for payment as general creditors.

Appears in 5 contracts

Samples: Indenture (ONEOK Partners LP), Indenture (ONEOK Partners LP), Indenture (ONEOK Partners LP)

AutoNDA by SimpleDocs

Repayment to Partnership. The Trustee and any paying agent shall promptly turn over to the Partnership Issuers upon request any excess money or securities held by them at any time. Subject to any applicable abandoned property law, the Trustee and any paying agent shall pay to the Partnership Issuers upon request any money held by them for the payment of principal, premium or interest that remains unclaimed for two years, and, thereafter, Holders entitled to such money must look to the Partnership Issuers for payment as general creditors.

Appears in 3 contracts

Samples: Indenture (Penn Virginia Resource Partners L P), PVR Natural Gas Gathering LLC, PVR Natural Gas Gathering LLC

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!