Common use of Return of Unclaimed Funds Clause in Contracts

Return of Unclaimed Funds. (a) Any money deposited with the Issuing and Paying Agent for the payment of principal, premium, if any, or interest on the Notes and remaining unclaimed for two years after the date upon which the last payment of principal, premium, if any, and interest on any Note to which such deposit relates shall have become due and payable, shall be repaid to the Company by the Issuing and Paying Agent on demand, and the holder of any Note to which such deposit related entitled to receive payment shall thereafter look only to the Company for the payment thereof and all liability of the Issuing and Paying Agent with respect to such money shall thereupon cease.

Appears in 4 contracts

Samples: Issuing and Paying Agency Agreement, Issuing and Paying Agency Agreement, Agreement (American Honda Finance Corp)

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