Common use of Repayment to the Issuers; Unclaimed Money Clause in Contracts

Repayment to the Issuers; Unclaimed Money. Subject to Sections 7.07, 8.01 and 8.02, the Trustee and the Paying Agent shall promptly pay to the Issuers upon written request from the Issuers any excess U.S. Legal Tender or U.S. Government Obligations held by them at any time. The Trustee and the Paying Agent shall pay to the Issuers, upon receipt by the Trustee or the Paying Agent, as the case may be, of a written request from the Issuers any money held by it for the payment of principal, premium, if any, or interest that remains unclaimed for two years after payment to the Holders is required, without interest thereon; provided, however, that the Trustee and the Paying Agent before being required to make any payment may, but need not, at the expense of the Issuers cause to be published once in a newspaper of general circulation in The City of New York or mail to each Holder entitled to such money notice that such money remains unclaimed and that after a date specified therein, which shall be at least thirty (30) days from the date of such publication or mailing, any unclaimed balance of such money then remaining shall be repaid to the Issuers, without interest thereon. After payment to the Issuers, Holders entitled to money must look solely to the Issuers for payment as general creditors unless an applicable abandoned property law designated another Person, and all liability of the Trustee or Paying Agent with respect to such money shall thereupon cease.

Appears in 2 contracts

Samples: Indenture (Tcby of Australia, Inc.), Indenture (MRS Fields Financing Co Inc)

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Repayment to the Issuers; Unclaimed Money. Subject to Sections 7.077.08, 8.01 and 8.02, the Trustee and the Paying Agent shall promptly pay to the Issuers upon written request from the Issuers any excess U.S. Legal Tender or U.S. Government Obligations Securities held by them at any time. The Trustee and the Paying Agent shall pay to the Issuers, upon receipt by the Trustee or the Paying Agent, as the case may be, of a written request from the Issuers any money held by it for the payment of principal, premium, if any, or interest and Special Interest, if any, that remains unclaimed for two years after payment to the Holders is required, without interest thereon; provided, however, that the Trustee and the Paying Agent before being required to make any payment may, but need not, at the expense of the Issuers cause to be published once in a newspaper of general circulation in The the City of New York or mail to each Holder entitled to such money notice that such money remains unclaimed and that after a date specified therein, which shall be at least thirty (30) days from the date of such publication or mailing, any unclaimed balance of such money then remaining shall be repaid to the Issuers, without interest thereon. After payment to the Issuers, Holders entitled to money must look solely to the Issuers for payment as general creditors unless an applicable abandoned property law designated another Person, and all liability of the Trustee or Paying Agent with respect to such money shall thereupon cease.

Appears in 1 contract

Samples: Indenture (United Maritime Group, LLC)

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Repayment to the Issuers; Unclaimed Money. Subject to Sections 7.07, 8.01 7.07 and 8.028.01, the Trustee and the Paying Agent shall promptly pay to the Issuers Issuers, upon written request from receipt by the Issuers Trustee of an Officers' Certificate, any excess U.S. Legal Tender or U.S. Government Obligations money, determined in accordance with Section 8.01, held by them it at any time. The Trustee and the Paying Agent shall pay to the Issuers, Issuers upon receipt by the Trustee or the Paying Agent, as the case may be, of a written request from the Issuers an Officers' Certificate, any money held by it for the payment of principal, premium, if any, or interest that remains unclaimed for two years one year after payment to the Holders is required; PROVIDED, without interest thereon; provided, howeverHOWEVER, that the Trustee and the Paying Agent before being required to make any payment may, but need not, at the expense of the Issuers cause to be published once in a newspaper of general circulation in The the City of New York or mail to each Holder entitled to such money notice that such money remains unclaimed and that after a date specified therein, which shall be at least thirty (30) 30 days from the date of such publication or mailing, any unclaimed balance of such money then remaining shall will be repaid to the Issuers, without interest thereon. After payment to the Issuers, Holders Securityholders entitled to money must look solely to the Issuers for payment as general creditors unless an applicable abandoned property law designated designates another Person, and all liability of the Trustee or Paying Agent with respect to such money shall thereupon cease.

Appears in 1 contract

Samples: Indenture (Acme Intermediate Holdings LLC)

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