Common use of Return of Unclaimed Moneys Clause in Contracts

Return of Unclaimed Moneys. Except as may be required under applicable law, any moneys deposited with or paid to the Trustee or any paying agent for payment of the principal of, and premium, if any, or interest, if any, on Securities and not applied but remaining unclaimed by the holders of Securities for two years after the date upon which the principal of, and premium, if any, or 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 or such paying agent; and the holder of any of the Securities shall thereafter look only to the Company for any payment which such holder may be entitled to collect and all liability of the Trustee or such paying agent with respect to such moneys shall thereupon cease.

Appears in 3 contracts

Samples: Indenture (Masco Corp /De/), Masco Corp /De/, Masco Corp /De/

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Return of Unclaimed Moneys. Except as may be required under applicable law, any moneys deposited with or paid to the Trustee or any paying agent for payment of the principal of, and premium, if any, or interest, if any, interest on Securities and not applied but remaining unclaimed by the holders of Securities for two three years after the date upon which the principal of, and premium, if any, or interest, if any, interest on such Securities, as the case may be, shall have become due and payable, shall be repaid to the Company by the Trustee or such paying agentagent on written demand; and the holder of any of the Securities shall thereafter look only to the Company for any payment which such holder may be entitled to collect and all liability of the Trustee or such paying agent with respect to such moneys shall thereupon cease.

Appears in 1 contract

Samples: Masco Corp /De/

Return of Unclaimed Moneys. Except as may be required under applicable law, any Any moneys deposited with or paid to the Trustee or any paying agent Paying Agent for payment of the principal of, and premium, if any, or interest, if any, interest on Debt Securities and not applied but remaining unclaimed by the holders of Securities Securityholders for two years after the date upon which the principal of, and premium, if any, or interest, if any, interest on such Debt Securities, as the case may be, shall have become due and payable, shall shall, subject to applicable escheatment laws, be repaid to the Company by the Trustee or such paying agentPaying Agent on written demand; and the holder of any of the Debt Securities shall thereafter look only to the Company for any payment which such holder Securityholder may be entitled to collect collect, and all liability of the Trustee or such paying agent Paying Agent with respect to such moneys shall thereupon cease.

Appears in 1 contract

Samples: Indenture (Flagstar Bancorp Inc)

Return of Unclaimed Moneys. Except as may be required under applicable lawSubject to the terms of any state escheat or unclaimed property laws, any moneys deposited with or paid to the Trustee or any paying agent for payment of the principal of, and premium, if any, or interest, if any, interest on Securities and not applied but remaining unclaimed by the holders of Securities for two three years after the date upon which the principal of, and premium, if any, or interest, if any, interest on such Securities, as the case may be, shall have become due and payable, shall be repaid to the Company by the Trustee or such paying agentagent on written demand; and the holder of any of the Securities shall thereafter thereafter, as an unsecured general creditor, look only to the Company for any payment which such holder may be entitled to collect and all liability of the Trustee or such paying agent with respect to such moneys shall thereupon cease.

Appears in 1 contract

Samples: Indenture (Bank of America Corp /De/)

Return of Unclaimed Moneys. Except as may be required under applicable law, any moneys Any monies deposited with or paid to the Trustee or any paying agent for payment of the principal of, and of or premium, if any, or interest, if any, interest on Securities and not applied but remaining unclaimed by the holders of Securities for two years after the date upon which the principal of, and of or premium, if any, or interestinterest (including Compounded Interest and Additional Sums, 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 or such paying agentagent on written demand; and the holder of any of the Securities shall thereafter look only to the Company for any payment which such holder may be entitled to collect and all liability of the Trustee or such paying agent with respect to such moneys monies shall thereupon cease.

Appears in 1 contract

Samples: Indenture (Argo Capital Trust Co)

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Return of Unclaimed Moneys. Except as may be required under applicable law, any Any moneys deposited with or paid to the Trustee or any paying agent for payment of the principal of, and premium, if any, or interest, if any, interest on Debt Securities and not applied but remaining unclaimed by the holders of Debt Securities for two years after the date upon 51 59 which the principal of, and premium, if any, or interest, if any, interest on such Debt Securities, as the case may be, shall have become due and payable, shall be repaid to the Company by the Trustee or such paying agentagent on written demand; and the holder of any of the Debt Securities shall thereafter look only to the Company for any payment which such holder may be entitled to collect and all liability of the Trustee or such paying agent with respect to such moneys shall thereupon cease.

Appears in 1 contract

Samples: Indenture (Summit Capital Trust I)

Return of Unclaimed Moneys. Except as may be required under applicable lawSubject to the terms of any state escheat or unclaimed property laws, any moneys deposited with or paid to the Trustee or any paying agent for payment of the principal of, and premium, if any, or interest, if any, interest on Securities and not applied but remaining unclaimed by the holders of Securities for two three years after the date upon which the principal of, and premium, if any, or interest, if any, interest on such Securities, as the case may be, shall have become due and payable, shall be repaid to the Company by the Trustee or such paying agentagent on written demand; and the holder of any of the Securities shall thereafter look only to the Company for any payment which such holder may be entitled to collect and all liability of the Trustee or such paying agent with respect to such moneys shall thereupon cease.

Appears in 1 contract

Samples: Indenture (Bank of America Corp /De/)

Return of Unclaimed Moneys. Except as may be required under Subject to the requirements of applicable law, any moneys deposited with or paid to the Trustee or any paying agent for payment of the principal of, and premium, if any, of or interest, if any, any premium or interest on any Securities and not applied but remaining unclaimed by the holders Holders of such Securities for two years after the date upon which the principal of, and premium, if any, of or interest, if any, any premium 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 or such paying agenton written demand by an Authorized Agent, and all liability of the Trustee shall thereupon cease; and the holder any Holder of any of the such Securities shall thereafter look only to the Company for any payment which such holder Holder may be entitled to collect and all liability of the Trustee or such paying agent with respect to such moneys shall thereupon ceasecollect.

Appears in 1 contract

Samples: Xcel Energy Inc

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