Common use of Return of Unclaimed Moneys Clause in Contracts

Return of Unclaimed Moneys. Any moneys deposited with or paid to the Trustee or any paying agent for the payment of the principal of (and premium, if any) or interest on any Security and not applied but remaining unclaimed for two years after the date upon which such principal (and premium, if any, on) or interest shall have become due and payable, shall be repaid to the Company by the Trustee or such paying agent on demand, and the holder of such Security shall 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 any paying agent with respect to such moneys shall thereupon cease.

Return of Unclaimed Moneys. Any moneys deposited with or paid to the Trustee or any paying agent Paying Agent for the payment of the principal of (and premium, if any) or interest on any Security Debt Securities and not applied but remaining unclaimed by the Holders for two years after the date upon which such the principal (and premium, if any, on) of or interest on such Debt Securities, as the case may be, shall have become due and payable, shall be repaid to the Company Issuer by the Trustee or such paying agent Paying Agent on written demand, ; and the holder of such Security Holders shall thereafter, as an unsecured general creditor, thereafter look only to the Company Issuer for any payment which such holder Holders may be entitled to collect and all liability of the Trustee or any paying agent such Paying Agent with respect to such moneys shall thereupon cease.