Return of Money Held Unclaimed for Two Years. Except as otherwise provided herein, any money deposited with or paid to the Warrant Agent for the payment of the Cash Settlement Value or Alternative Settlement Amount, as the case may be, of any Warrants and not applied but remaining unclaimed for two years after the date upon which such Cash Settlement Value or Alternative Settlement Amount, as the case may be, shall have become due and payable shall be repaid by the Warrant Agent to the Company and the holders of such Warrants shall thereafter look only to the Company for any payment which such holders may be entitled to collect and all liability of the Warrant Agent with respect to such money shall thereupon cease; provided, however, that the Warrant Agent, before making any such repayment, may at the expense of the Company notify the Participants concerned, that said money has not been so applied and remains unclaimed and that after a date named in the notification any unclaimed balance of said money then remaining will be returned to the Company.
Appears in 5 contracts
Samples: Warrant Agreement (Salomon Smith Barney Holdings Inc), Warrant Agreement (Salomon Smith Barney Holdings Inc), Warrant Agreement (Salomon Smith Barney Holdings Inc)
Return of Money Held Unclaimed for Two Years. Except as otherwise provided herein, any money deposited with or paid to the Warrant Agent for the payment of the Cash Settlement Value [or Alternative Settlement Amount, as the case may be, ] of any Warrants and not applied but remaining unclaimed for two years after the date upon which such Cash Settlement Value [or Alternative Settlement Amount, as the case may be, ] shall have become due and payable shall be repaid by the Warrant Agent to the Company Company, at the Company's request, and the holders of such Warrants shall thereafter look only to the Company for any payment which such holders may be entitled to collect and all liability of the Warrant Agent with respect to such money shall thereupon cease; provided, however, provided that the Warrant Agent, before making any such repayment, may at the expense of the Company notify (i) in the case of Certificated Warrants, the Registered Holders or (ii) in the case of Book-Entry Warrants, the Participants concerned, that said money has not been so applied and remains unclaimed and that after a date named in the notification any unclaimed balance of said money then remaining will be returned to the Company.
Appears in 4 contracts
Samples: Interest Rate Warrant Agreement (J P Morgan Chase & Co), Currency Warrant Agreement (Dean Witter Discover & Co), Currency Warrant Agreement (J P Morgan Chase & Co)
Return of Money Held Unclaimed for Two Years. Except as otherwise provided herein, any money deposited with or paid to the Warrant Agent for the payment of the Cash Settlement Value or Alternative Settlement Amount, as the case may be, Amount of any Warrants and not applied but remaining unclaimed for two years after the date upon which such Cash Settlement Value or Alternative Settlement Amount, as the case may be, Amount shall have become due and payable shall be repaid by the Warrant Agent to the Company Company, at the Company's request, and the holders of such Warrants shall thereafter look only to the Company for any payment which such holders may be entitled to collect and all liability of the Warrant Agent with respect to such money shall thereupon cease; provided, however, provided that the Warrant Agent, before making any such repayment, may at the expense of the Company notify (i) in the case of Definitive Warrants, the Registered Holders or (ii) in the case of Book-entry Warrants, the Participants concerned, that said money has not been so applied and remains unclaimed and that after a date named in the notification any unclaimed balance of said money then remaining will be returned to the Company.
Appears in 3 contracts
Samples: Warrant Agreement (Morgan Stanley Group Inc /De/), Warrant Agreement (Morgan Stanley Group Inc /De/), Warrant Agreement (Morgan Stanley Group Inc /De/)
Return of Money Held Unclaimed for Two Years. Except as otherwise provided herein, any money deposited with or paid to the Warrant Agent for the payment of the Cash Settlement Value or Alternative Settlement Amount, as the case may be, Amount of any Warrants and not applied but remaining unclaimed for two years after the date upon which such Cash Settlement Value or Alternative Settlement Amount, as the case may be, shall have become due and payable shall be repaid by the Warrant Agent to the Company and the holders of such Warrants shall thereafter look only to the Company for any payment which such holders may be entitled to collect and all liability of the Warrant Agent with respect to such money shall thereupon cease; provided, however, that the Warrant Agent, before making any such repayment, may at the expense of the Company notify (i) in the case of Certificated Warrants, the Registered Holders or (ii) in the case of Book-Entry Warrants, the Participants concerned, that said money has not been so applied and remains unclaimed and that after a date named in the notification any unclaimed balance of said money then remaining will be returned to the Company.
Appears in 2 contracts
Samples: Warrant Agreement (Paine Webber Group Inc), Warrant Agreement (Paine Webber Group Inc)
Return of Money Held Unclaimed for Two Years. Except as otherwise provided herein, any money deposited with or paid to the Warrant Agent for the payment of the Cash Settlement Value or Alternative Settlement Amount, as the case may be, Amount of any Warrants and not applied but remaining unclaimed for two years after the date upon which such Cash Settlement Value or Alternative Settlement Amount, as the case may be, Amount shall have become due and payable shall be repaid by the Warrant Agent to the Company Company, at the Company's request, and the holders of such Warrants shall thereafter look only to the Company for any payment which such holders may be entitled to collect and all liability of the Warrant Agent with respect to such money shall thereupon cease; provided, however, provided that the Warrant Agent, before making any such repayment, may at the expense of the Company notify (i) in the case of Certificated Warrants, the Registered Holders or (ii) in the case of Book-Entry Warrants, the Participants concerned, that said money has not been so applied and remains unclaimed and that after a date named in the notification any unclaimed balance of said money then remaining will be returned to the Company.
Appears in 2 contracts
Samples: Index Warrant Agreement (Dean Witter Discover & Co), Warrant Agreement (J P Morgan Chase & Co)
Return of Money Held Unclaimed for Two Years. Except as otherwise provided herein, any money deposited with or paid to the Warrant Agent for the payment of the Cash Settlement Value or Alternative Settlement Amount, as the case may be, of any Warrants and not applied but remaining unclaimed for two years after the date upon which such Cash Settlement Value or Alternative Settlement Amount, as the case may be, shall have become due and payable shall be repaid by the Warrant Agent to the Company Company, at the Company’s request, and the holders of such Warrants shall thereafter look only to the Company for any payment which such holders may be entitled to collect and all liability of the Warrant Agent with respect to such money shall thereupon cease; provided, however, provided that the Warrant Agent, before making any such repayment, may at the expense of the Company notify (a) in the case of Book-Entry Warrants, the Depositary (on behalf of the Participants concerned), that said money has not been so applied and remains unclaimed and that after a date named in the notification any unclaimed balance of said money then remaining will be returned to the CompanyCompany or (b) in the case of Definitive Warrants, the Registered Holders.
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Return of Money Held Unclaimed for Two Years. Except as otherwise provided herein, any money deposited with or paid to the Warrant Agent for the payment of the Cash Settlement Value or Alternative Settlement Amount, as the case may be, Amount of any Warrants and not applied but remaining unclaimed for two years after the date upon which such Cash Settlement Value or Alternative Settlement Amount, as the case may be, Amount shall have become due and payable shall be repaid by the Warrant Agent to the Company Company, at the Company's request, and the holders of such Warrants shall thereafter look only to the Company for any payment which such holders may be entitled to collect and all liability of the Warrant Agent with respect to such money shall thereupon cease; provided, however, provided that the Warrant Agent, before making any such repayment, may at the expense of the Company notify (i) in the case of Definitive Warrants, the Registered Holders or (ii) in the case of Book- entry Warrants, the Participants concerned, that said money has not been so applied and remains unclaimed and that after a date named in the notification any unclaimed balance of said money then remaining will be returned to the Company.
Appears in 1 contract
Return of Money Held Unclaimed for Two Years. Except as otherwise provided herein, any money deposited with or paid to the Warrant Agent for the payment of the Cash Settlement Value or Alternative Settlement Amount, as the case may be, of any Warrants and not applied but remaining unclaimed for two years after the date upon which such Cash Settlement Value or Alternative Settlement Amount, as the case may be, shall have become due and payable shall be repaid by the Warrant Agent to the Company Company, at the Company’s request, and the holders of such Warrants shall thereafter look only to the Company for any payment which such holders may be entitled to collect and all liability of the Warrant Agent with respect to such money shall thereupon cease; provided, however, provided that the Warrant Agent, before making any such repayment, may at the expense of the Company notify (i) in the case of Book-Entry Warrants, the Depository (on behalf of the Participants concerned), that said money has not been so applied and remains unclaimed and that after a date named in the notification any unclaimed balance of said money then remaining will be returned to the CompanyCompany or (ii) in the case of Definitive Warrants, the Registered Holders.
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