Return of Amounts to the Company Sample Clauses

Return of Amounts to the Company. The Trustee will return contributions to the Company if the Company or the Plan Administrator provides Instructions to the Trustee to do so. The Company is solely responsible for ensuring that an Instruction to return any amount to the Company meets all applicable legal requirements, including those of ERISA, as applicable. The Trustee has no duty or responsibility to question, and may conclusively rely upon any such Instruction.
AutoNDA by SimpleDocs

Related to Return of Amounts to the Company

  • Repayment to the Company Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of, premium, if any, or interest on any Note and remaining unclaimed for two years after such principal, and premium, if any, or interest has become due and payable shall be paid to the Company upon its request or (if then held by the Company) shall be discharged from such trust; and the Holder of such Note shall thereafter look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, shall at the expense of the Company cause to be published once, in The New York Times and The Wall Street Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such notification or publication, any unclaimed balance of such money then remaining shall be repaid to the Company.

Time is Money Join Law Insider Premium to draft better contracts faster.