Common use of Unclaimed Debentures Clause in Contracts

Unclaimed Debentures. Subject to Applicable Law, all Debentures together with any interest thereon which remain unclaimed after a period of three (3) calendar years from the Maturity Date shall be forfeited and shall revert to the Issuer.

Appears in 4 contracts

Samples: Subscription Agreement (Fairfax Financial Holdings LTD/ Can), Subscription Agreement (Fairfax Financial Holdings LTD/ Can), Indenture (Fairfax Financial Holdings LTD/ Can)

AutoNDA by SimpleDocs

Unclaimed Debentures. Subject to Applicable applicable Law, all Debentures together with any interest thereon which remain unclaimed after a period of three (3) calendar years from the Maturity Date shall be forfeited and shall revert to the Issuer and may, at the Issuer’s sole option and discretion, be required to be cancelled by the Trustee.

Appears in 1 contract

Samples: Indenture

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.