Common use of Return of Money Held Unclaimed for Two Years Clause in Contracts

Return of Money Held Unclaimed for Two Years. Any money deposited with or paid to the Warrant Agent for the payment of the Cash Settlement Amount of any Warrants and not applied but remaining unclaimed for two years after the date upon which such Cash Settlement Amount shall have become due and payable, shall be repaid by the Warrant Agent to the Company and the Holder of such Warrants shall thereafter look only to the Company for any payment which such Holder 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 Holders concerned that said money has not been so applied and remains unclaimed and that after a date named therein any unclaimed balance of said money then remaining shall be returned to the Company.

Appears in 5 contracts

Samples: Warrant Agreement (Merrill Lynch & Co Inc), Warrant Agreement (Merrill Lynch & Co Inc), Warrant Agreement (Merrill Lynch & Co Inc)

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Return of Money Held Unclaimed for Two Years. Any Except as otherwise provided herein, any money deposited with or paid to the Warrant Agent for the payment of the Cash Settlement Amount of any Warrants and not applied but remaining unclaimed for two years after the date upon which such Cash Settlement Amount shall have become due and payable, payable shall be repaid by the Warrant Agent to the Company and the Holder holders of such Warrants shall thereafter look only to the Company for any payment which such Holder 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 Holders concerned Participants concerned, that said money has not been so applied and remains unclaimed and that after a date named therein in the notification any unclaimed balance of said money then remaining shall will be returned to the Company.

Appears in 3 contracts

Samples: Warrant Agreement (Lehman Brothers Holdings Inc), Warrant Agreement (Lehman Brothers Holdings Inc), Warrant Agreement (Lehman Brothers Holdings Inc)

Return of Money Held Unclaimed for Two Years. Any Except as otherwise provided herein, any money deposited with or paid to the Warrant Agent for the payment of the Cash Settlement Amount Value of any Warrants and not applied but remaining unclaimed for two years after the date upon which such Cash Settlement Amount Value shall have become due and payable, payable shall be repaid by the Warrant Agent to the Company and the Holder holders of such Warrants shall thereafter look only to the Company for any payment which such Holder 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 Holders concerned Participants concerned, that said money has not been so applied and remains unclaimed and that after a date named therein in the notification any unclaimed balance of said money then remaining shall will be returned to the Company.

Appears in 2 contracts

Samples: Warrant Agreement (Lehman Brothers Holdings Inc), Warrant Agreement (Lehman Brothers Holdings Inc)

Return of Money Held Unclaimed for Two Years. Any money -------------------------------------------- deposited with or paid to the Warrant Agent for the payment of the Cash Settlement Amount of any Warrants and not applied but remaining unclaimed for two years after the date upon which such Cash Settlement Amount shall have become due and payable, shall be repaid by the Warrant Agent to the Company and the Holder of such Warrants shall thereafter look only to the Company for any payment which such Holder 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 Holders concerned that said money has not been so applied and remains unclaimed and that after a date named therein any unclaimed balance of said money then remaining shall be returned to the Company.

Appears in 2 contracts

Samples: Warrant Agreement (Merrill Lynch & Co Inc), Warrant Agreement (Merrill Lynch & Co Inc)

Return of Money Held Unclaimed for Two Years. Any -------------------------------------------- money deposited with or paid to the Warrant Agent for the payment of the Cash Settlement Amount Value of any Warrants and not applied but remaining unclaimed for two years after the date upon which such Cash Settlement Amount Value shall have become due and payable, shall be repaid by the Warrant Agent to the Company and the Holder of such Warrants shall thereafter look only to the Company for any payment which such Holder 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 Holders concerned that said money has not been so applied and remains unclaimed and that after a date named therein any unclaimed balance of said money then remaining shall be returned to the Company.

Appears in 2 contracts

Samples: Warrant Agreement (Merrill Lynch & Co Inc), Warrant Agreement (Merrill Lynch & Co Inc)

Return of Money Held Unclaimed for Two Years. Any money deposited with or paid to the Warrant Agent for the payment of the Cash Settlement Amount Value of any Warrants and not applied but remaining unclaimed for two years after the date upon which such Cash Settlement Amount Value shall have become due and payable, shall be repaid by the Warrant Agent to the Company and the Holder of such Warrants shall thereafter look only to the Company for any payment which such Holder 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 Holders concerned that said money has not been so applied and remains unclaimed and that after a date named therein any unclaimed balance of said money then remaining shall will be returned to the Company.

Appears in 1 contract

Samples: Warrant Agreement (Bottling Holdings Investments Luxembourg Commandite S.C.A.)

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Return of Money Held Unclaimed for Two Years. Any money deposited with or paid to the Warrant Agent for the payment of the Cash Settlement Amount or Interim Payments of any Warrants and not applied but remaining unclaimed for two years after the date upon which such Cash Settlement Amount or Interim Payments, as applicable, shall have become due and payable, shall be repaid by the Warrant Agent to the Company and the Holder of such Warrants shall thereafter look only to the Company for any payment which such Holder 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 Holders concerned that said money has not been so applied and remains unclaimed and that after a date named therein any unclaimed balance of said money then remaining shall be returned to the Company.

Appears in 1 contract

Samples: Warrant Agreement (Merrill Lynch & Co Inc)

Return of Money Held Unclaimed for Two Years. Any money deposited with or paid to the Warrant Agent for the payment of the Cash Settlement Amount Value of any Warrants and not applied but remaining unclaimed for two years after the date upon which such Cash Settlement Amount Value shall have become due and payable, shall be repaid by the Warrant Agent to the Company and the Holder holder of such Warrants shall thereafter look only to the Company for any payment which such Holder holder 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 Holders Warrantholders concerned as provided in Section 6.4 that said money has not been so applied and remains unclaimed and that after a date named therein any unclaimed balance of said money then remaining shall will be returned to the Company.

Appears in 1 contract

Samples: J P Morgan Chase & Co

Return of Money Held Unclaimed for Two Years. Any money deposited with or paid to the Warrant Agent for the payment of the Cash Settlement Amount Value of any Warrants and not applied but remaining unclaimed for two years after the date upon which such Cash Settlement Amount Value shall have become due and payable, shall be repaid by the Warrant Agent to the Company and the Holder of such Warrants shall thereafter look only to the Company for any payment which such Holder may be entitled to collect and all liability of the Warrant Agent with respect to such money shall thereupon cease; providedPROVIDED, howeverHOWEVER, that the Warrant Agent, Agent before making any such repayment, may at the expense of the Company notify the Holders concerned that said money has not been so applied and remains unclaimed and that after a date named therein any unclaimed balance of said money then remaining shall will be returned to the Company.

Appears in 1 contract

Samples: Warrant Agreement (Lee Sara Corp)

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