Common use of Return of Unclaimed Monies Clause in Contracts

Return of Unclaimed Monies. Anything contained herein to the contrary notwithstanding, and subject to any applicable law, any money held by the Trustee in trust for the payment and discharge of the principal, interest or premium, if any, on any of the Notes which remains unclaimed for two years after the date when each payment of such principal, interest and premium has become payable shall be repaid within sixty days of such date by the Trustee to the Issuer as its absolute property free from trust, and the Trustee shall thereupon be released and discharged with respect thereto and the Holders shall look only to the Issuer for the payment of the principal, interest and premium, if any, on such Notes. The Issuer may cause, or, if requested by the Issuer, the Trustee shall cause notice of such payment to the Issuer to be mailed to each Holder of a Note entitled thereto prior to such payment. The Trustee shall not be liable to the Issuer or any Holder for interest on funds held by it for the payment and discharge of the principal of, or interest or premium, if any, on, any of the Notes to any Holder. The Issuer shall not be liable for any interest on the sums paid to it pursuant to this paragraph and shall not be regarded as a trustee of such money.

Appears in 3 contracts

Samples: First Supplemental Indenture (Lions Gate Entertainment Corp /Cn/), First Supplemental Indenture (Lions Gate Entertainment Corp /Cn/), Indenture (Lions Gate Entertainment Inc)

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Return of Unclaimed Monies. Anything contained herein to the contrary notwithstanding, and subject to any applicable law, any money held by the Trustee in trust for the payment and discharge of the principal, interest (including Additional Interest, if any) or premium, if any, on any of the Notes which remains unclaimed for two years after the date when each payment of such principal, interest and premium has become payable shall be repaid within sixty days of such date by the Trustee to the Issuer Company as its absolute property free from trust, and the Trustee shall thereupon be released and discharged with respect thereto and the Holders shall look only to the Issuer Company for the payment of the principal, interest (including Additional Interest, if any) and premium, if any, on such Notes. The Issuer Company may cause, or, if requested by the IssuerCompany, the Trustee shall cause notice of such payment to the Issuer Company to be mailed to each Holder of a Note entitled thereto prior to such payment. The Trustee shall not be liable to the Issuer Company or any Holder for interest on funds held by it for the payment and discharge of the principal ofprincipal, or interest (including Additional Interest, if any) or premium, if any, on, on of any of the Notes to any Holder. The Issuer Company shall not be liable for any interest on the sums paid to it pursuant to this paragraph and shall not be regarded as a trustee of such money.

Appears in 2 contracts

Samples: Exchange and Redemption Agreement (Ciphergen Biosystems Inc), Indenture (Ciphergen Biosystems Inc)

Return of Unclaimed Monies. Anything contained herein to the contrary notwithstanding, and subject to any applicable law, any money held by the Trustee in trust for the payment and discharge of the principal, interest (including Liquidated Damages, if any) or premium, if any, on any of the Notes which remains unclaimed for two years after the date when each payment of such principal, interest and premium has become payable shall be repaid within sixty days of such date by the Trustee to the Issuer Company as its absolute property free from trust, and the Trustee shall thereupon be released and discharged with respect thereto and the Holders shall look only to the Issuer Company for the payment of the principal, interest (including Liquidated Damages, if any) and premium, if any, on such Notes. The Issuer Company may cause, or, if requested by the IssuerCompany, the Trustee shall cause notice of such payment to the Issuer Company to be mailed to each Holder of a Note entitled thereto prior to such payment. The Trustee shall not be liable to the Issuer Company or any Holder for interest on funds held by it for the payment and discharge of the principal ofprincipal, or interest (including Liquidated Damages, if any) or premium, if any, on, on of any of the Notes to any Holder. The Issuer Company shall not be liable for any interest on the sums paid to it pursuant to this paragraph and shall not be regarded as a trustee of such money.

Appears in 1 contract

Samples: Radisys Corp

Return of Unclaimed Monies. Anything contained herein to the contrary notwithstanding, and subject to any applicable law, any money held by the Trustee in trust for the payment and discharge of the principal, interest or premium, premium (if any, ) on or principal of any of the Convertible Subordinated Notes which remains unclaimed for two (2) years after the date when each payment of such principalinterest, interest premium and premium principal has become payable shall be repaid within sixty (60) days of such date by the Trustee to the Issuer Company as its absolute property free from trust, and the Trustee shall thereupon be released and discharged with respect thereto and the Holders holders shall look only to the Issuer Company for the payment of the principal, principal of and interest and premium, redemption premium (if any, ) on such Convertible Subordinated Notes. The Issuer Company may cause, or, if requested by the IssuerCompany, the Trustee shall cause notice of such payment to the Issuer Company to be mailed to each Holder holder of a Convertible Subordinated Note entitled thereto prior to such payment. The Trustee shall not be liable to the Issuer Company or any Holder holder for interest on funds held by it for the payment and discharge of the principal ofinterest, or interest or premium, premium (if any, on, ) on or principal of any of the Convertible Subordinated Notes to any Holderholder. The Issuer Company shall not be liable for any interest on the sums paid to it pursuant to this paragraph and shall not be regarded as a trustee of such money.

Appears in 1 contract

Samples: Indenture (Praegitzer Industries Trust I)

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Return of Unclaimed Monies. Anything contained herein to the contrary notwithstanding, and subject to any applicable law, any money held by the Trustee in trust for the payment and discharge of the principal, interest [(including Additional Interest, if any)] or premium, if any, on any of the Notes which remains unclaimed for two years after the date when each payment of such principal, interest and premium has become payable shall be repaid within sixty days of such date by the Trustee to the Issuer as its absolute property free from trust, and the Trustee shall thereupon be released and discharged with respect thereto and the Holders shall look only to the Issuer for the payment of the principal, interest [(including Additional Interest, if any)] and premium, if any, on such Notes. The Issuer may cause, or, if requested by the Issuer, the Trustee shall cause notice of such payment to the Issuer to be mailed to each Holder of a Note entitled thereto prior to such payment. The Trustee shall not be liable to the Issuer or any Holder for interest on funds held by it for the payment and discharge of the principal ofprincipal, or interest [(including Additional Interest, if any)] or premium, if any, on, on of any of the Notes to any Holder. The Issuer shall not be liable for any interest on the sums paid to it pursuant to this paragraph and shall not be regarded as a trustee of such money.

Appears in 1 contract

Samples: Lions Gate Entertainment Corp /Cn/

Return of Unclaimed Monies. Anything contained herein to the contrary notwithstanding, and subject to any applicable law, any money held by the Trustee in trust for the payment and discharge of the principal, interest (including Additional Interest, if any) or premium, if any, on any of the Notes which remains unclaimed for two years after the date when each payment of such principal, interest and premium has become payable shall be repaid within sixty days of such date by the Trustee to the Issuer as its absolute property free from trust, and the Trustee shall thereupon be released and discharged with respect thereto and the Holders shall look only to the Issuer for the payment of the principal, interest (including Additional Interest, if any) and premium, if any, on such Notes. The Issuer may cause, or, if requested by the Issuer, the Trustee shall cause notice of such payment to the Issuer to be mailed to each Holder of a Note entitled thereto prior to such payment. The Trustee shall not be liable to the Issuer or any Holder for interest on funds held by it for the payment and discharge of the principal ofprincipal, or interest (including Additional Interest, if any) or premium, if any, on, on of any of the Notes to any Holder. The Issuer shall not be liable for any interest on the sums paid to it pursuant to this paragraph and shall not be regarded as a trustee of such money.

Appears in 1 contract

Samples: Lions Gate Entertainment Corp /Cn/

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