Common use of Return of Unclaimed Monies Clause in Contracts

Return of Unclaimed Monies. Subject to the requirements of applicable law, any monies or U.S. Government Obligations deposited with or paid to the Trustee for payment of the principal of or interest (including Additional 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 or interest (including Additional 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 on demand and all liability of the Trustee shall thereupon cease with respect to such monies or U.S. Government Obligations; and the Holder of any of the Securities shall thereafter look only to the Company for any payment that such Holder may be entitled to collect unless an applicable abandoned property law designates another Person.

Appears in 8 contracts

Samples: First Supplemental Indenture (Evergreen Solar Inc), Indenture (Evergreen Solar Inc), First Supplemental Indenture (Evergreen Solar Inc)

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Return of Unclaimed Monies. Subject to the requirements of applicable law, any monies or U.S. Government Obligations and Common Shares deposited with or paid to the Trustee for payment of the principal of or interest (including Additional Interestinterest, if any) , on the Securities or for settlement of outstanding exchanges and not applied but remaining unclaimed by the Holders of the Securities for two years after the date upon which the principal of or interest (including Additional Interestinterest, if any) , on such SecuritiesSecurities or the Settlement Amount, as the case may be, shall have become due and payable, shall be repaid to the Company by the Trustee on demand demand, and all liability of the Trustee shall thereupon cease with respect to such monies or U.S. Government Obligationsand Common Shares; and the Holder of any of the Securities shall thereafter look only to the Company for any payment or delivery that such Holder may be entitled to collect unless an applicable abandoned property law designates another Person.

Appears in 4 contracts

Samples: Fourth Supplemental Indenture (PennyMac Mortgage Investment Trust), Third Supplemental Indenture (PennyMac Mortgage Investment Trust), Second Supplemental Indenture (PennyMac Mortgage Investment Trust)

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Return of Unclaimed Monies. Subject to the requirements of applicable law, any monies or U.S. Government Obligations deposited with or paid to the Trustee for payment of the principal of or interest (interest, including Additional Interest and Special Interest, if any) , on Securities and not applied but remaining unclaimed by the Holders holders of Securities for two years after the date upon which the principal of or interest (interest, including Additional Interest and Special 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 on demand and all liability of the Trustee shall thereupon cease with respect to such monies or U.S. Government Obligationsmonies; and the Holder holder of any of the Securities shall thereafter look only to the Company for any payment that such Holder holder may be entitled to collect unless an applicable abandoned property law designates another Person.

Appears in 1 contract

Samples: Indenture (Dexcom Inc)

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