Common use of Return of Unclaimed Moneys Clause in Contracts

Return of Unclaimed Moneys. Any moneys deposited with or paid to the Debenture Trustee or any paying agent for payment of the principal of or interest (including Compounded Interest and Additional Sums, 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 or interest (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 Corporation by the Debenture Trustee or such paying agent; and the holder of any of the Securities shall thereafter look only to the Corporation for any payment which such holder may be entitled to collect and all liability of the Debenture Trustee or such paying agent with respect to such moneys shall thereupon cease.

Appears in 5 contracts

Samples: Indenture (Westbank Capital Trust I), Indenture (Hamilton Capital Trust I), Indenture (Valley National Bancorp)

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Return of Unclaimed Moneys. Any moneys deposited with or paid to the Debenture Trustee or any paying agent for payment of the principal of or interest (including Compounded Interest and Additional Sumspremium, if any) , or 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 or premium, if any, or interest (including Compounded Interest and Additional Sums, if any) or Liquidated Damages, if any, on such Securities, as the case may be, shall have become due and payable, shall be repaid to the Corporation Company by the Debenture Trustee or such paying agentagent on written demand; and the holder of any of the Securities shall thereafter look only to the Corporation Company for any payment which such holder may be entitled to collect and all liability of the Debenture Trustee or such paying agent with respect to such moneys shall thereupon cease.

Appears in 5 contracts

Samples: Indenture (Ml Bancorp Inc), Indenture (Progress Capital Trust I), Indenture (First Western Bancorp Inc)

Return of Unclaimed Moneys. Any moneys deposited with or paid to the Debenture Trustee or any paying agent for payment of the principal of or interest (including Compounded Interest and Additional Sumspremium, if any) , or 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 or premium, if any, or interest (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 Corporation Company by the Debenture Trustee or such paying agentagent on written demand; and the holder of any of the Securities shall thereafter look only to the Corporation Company for any payment which such holder may be entitled to collect and all liability of the Debenture Trustee or such paying agent with respect to such moneys shall thereupon cease.

Appears in 3 contracts

Samples: Dynegy Capital Trust Iii, Illinois Power Co, Illinois Power Co

Return of Unclaimed Moneys. Any moneys deposited with or paid to the Debenture Trustee or any paying agent for payment of the principal of or interest (including Compounded Interest of, and Additional Sumspremium, if any) , or interest on Debt Securities and not applied but remaining unclaimed by the holders of Debt Securities for two 2 years after the date upon which the principal of or interest (including Compounded Interest of, and Additional Sumspremium, if any) , or 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 Corporation Company by the Debenture Trustee or such paying agentagent on written demand; and the holder of any of the Debt Securities shall thereafter look only to the Corporation Company for any payment which such holder may be entitled to collect collect, and all liability of the Debenture Trustee or such paying agent with respect to such moneys shall thereupon cease.

Appears in 3 contracts

Samples: Tib Financial Corp., Indenture (First Community Bancorp /Ca/), Indenture (Home Bancshares Inc)

Return of Unclaimed Moneys. Any moneys monies deposited with or paid to the Debenture Trustee or any paying agent for payment of the principal of or interest (including Compounded Interest and Additional Sumspremium, if any) , or 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 or premium, if any, or interest (including Compounded Interest and Additional Sums, if any) or Liquidated Damages, if any, on such Securities, as the case may be, shall have become due and payable, shall be repaid to the Corporation Company by the Debenture Trustee or such paying agentagent on written demand; and the holder of any of the Securities shall thereafter look only to the Corporation Company for any payment which such holder may be entitled to collect and all liability of the Debenture Trustee or such paying agent with respect to such moneys monies shall thereupon cease.

Appears in 2 contracts

Samples: Indenture (Ucbh Trust Co), Indenture (Ucbh Holdings Inc)

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Return of Unclaimed Moneys. Any moneys deposited with or paid to the Debenture Trustee or any paying agent for payment of the principal of or interest (including Compounded Interest and Additional Sumspremium, if any) , or 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 or premium, if any, or interest (including Additional Sums and Compounded Interest and Additional SumsInterest, if any) and Liquidated Damages, if any, on such Securities, as the case may be, shall have become due and payable, shall be repaid to the Corporation Company by the Debenture Trustee or such paying agentagent on written demand; and the holder of any of the Securities shall thereafter look only to the Corporation Company for any payment which such holder may be entitled to collect and all liability of the Debenture Trustee or such paying agent with respect to such moneys shall thereupon cease.

Appears in 2 contracts

Samples: Indenture (Sovereign Bancorp Inc), Patriot Capital Trust I

Return of Unclaimed Moneys. Any moneys deposited with or paid to the Debenture Trustee or any paying agent for payment of the principal of (or interest (including Compounded Interest and Additional Sumspremium, if any) or 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 (or premium, if any) or interest (including Compounded Interest and Additional Sums, if any) or Liquidated Damages, if any, on such Securities, as the case may be, shall have become due and payable, shall be repaid to the Corporation by the Debenture Trustee or such paying agentagent on written demand; and the holder of any of the Securities shall thereafter look only to the Corporation for any payment which such holder may be entitled to collect and all liability of the Debenture Trustee or such paying agent with respect to such moneys shall thereupon cease.

Appears in 1 contract

Samples: Indenture (Webster Capital Trust Ii)

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