Common use of Return of Unclaimed Moneys Clause in Contracts

Return of Unclaimed Moneys. Any moneys deposited with or paid to the Trustee for payment of the principal of or interest on Securities and not applied but remaining unclaimed by the Holders of Securities of any series for two years after the date upon which the principal of or interest on such Securities, as the case may be, shall have become due and payable, shall be repaid to the Company by the Trustee on written demand and all liability of the Trustee shall thereupon cease; and the Holder of any of the Securities of any series shall thereafter look only to the Company for any payment which such Holder may be entitled to collect.

Appears in 8 contracts

Samples: Indenture (Energy Partners LTD), Indenture (El Paso Natural Gas Co), Indenture (Burlington Resources Finance Co)

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Return of Unclaimed Moneys. Any moneys deposited with -------------------------- or paid to the Trustee for payment of the principal of of, premium, if any, or interest interest, if any, on Securities of any series and not applied but remaining unclaimed by the Holders holders of Securities of any that series for two years after the date upon which the principal of of, premium, if any, or interest interest, if any, on such Securities, as the case may be, shall have become due and payable, shall be repaid to the Company by the Trustee on written demand and all liability of the Trustee shall thereupon ceaseTrustee; and the Holder holder of any of the such Securities of any series shall thereafter look only to the Company for any payment which such Holder holder may be entitled to collect.

Appears in 1 contract

Samples: Indenture Agreement (General Electric Capital Corp)

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