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 payment of the principal of and premium, if any, or interest on Debt Securities and not applied but remaining unclaimed by the Holders of Debt Securities for two years after the date upon which the principal of and premium, if any, or 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 agent on demand; and the Holder of any of the Debt Securities entitled to receive such payment shall thereafter look only to the Company for any payment thereof.

Appears in 4 contracts

Samples: Indenture (Hennessy Advisors Inc), Indenture (Perma-Pipe International Holdings, Inc.), Indenture (Perma-Pipe International Holdings, Inc.)

AutoNDA by SimpleDocs

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

Appears in 3 contracts

Samples: Indenture (Suntrust Banks Inc), Indenture (Suntrust Capital Iv), Indenture (Suntrust Capital Ii)

Return of Unclaimed Moneys. 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 on Debt Securities and not applied but remaining unclaimed by the Holders of Debt Securities for two years after the date upon which the principal of and premium, if any, or 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 agent Paying Agent on demand; and the Holder of any of the Debt Securities entitled to receive such payment shall thereafter look only to the Company for any payment thereof.

Appears in 2 contracts

Samples: Indenture (Gulf Island Services, L.L.C.), Indenture (Morton International Inc /In/)

AutoNDA by SimpleDocs

Return of Unclaimed Moneys. Any moneys deposited with or paid to the Trustee or any paying agent for payment of the principal of of, and premium, if any, or interest on Debt Securities and not applied but remaining unclaimed by the Holders holders of Debt Securities for two years after the date upon 51 59 which the principal of of, and premium, if any, or 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 agent on written demand; and the Holder holder of any of the Debt Securities entitled to receive such payment shall thereafter look only to the Company for any payment thereofwhich 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)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!