Common use of Unclaimed Funds Clause in Contracts

Unclaimed Funds. If funds for the payment of principal or interest remain unclaimed for two years, the Trustee or Paying Agent will repay the funds to the Issuers at their request. After such repayment Holders of Securities entitled to such funds must look to the Issuers for payment unless an abandoned property law designates another person.

Appears in 3 contracts

Samples: Indenture (Frontiervision Capital Corp), Indenture (Frontiervision Holdings Capital Ii Corp), Indenture (Frontiervision Holdings Capital Corp)

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Unclaimed Funds. If funds for the payment of principal or interest remain unclaimed for two years, the Trustee or Paying Agent will repay the funds to the Issuers Company at their its request. After such repayment Holders of Securities entitled to such funds must look to the Issuers Company for payment unless an applicable abandoned property law designates another person.

Appears in 2 contracts

Samples: Indenture (Tekni Plex Inc), Indenture (Tekni Plex Inc)

Unclaimed Funds. If funds for the payment of principal or interest remain unclaimed for two years, the Trustee or Paying Agent will repay the funds to the Issuers Issuer at their its request. After such repayment Holders of Securities entitled to such funds must look to the Issuers Issuer for payment unless an abandoned property law designates another person.

Appears in 2 contracts

Samples: Registration Rights Agreement (Classic Communications Inc), Indenture (Black Creek Management LLC)

Unclaimed Funds. If funds for the payment of principal or interest remain unclaimed for two years, the Trustee or Paying Agent will repay the funds to the Issuers Issuer at their its request. After such repayment Holders of Securities Notes entitled to such funds must look to the Issuers Issuer for payment unless an abandoned property law designates another person.

Appears in 1 contract

Samples: Indenture (HRM Holdings Corp)

Unclaimed Funds. If funds for the payment of principal principal, interest or interest Additional Interest remain unclaimed for two years, the Trustee or Paying Agent will repay the funds to the Issuers Company at their its request. After such repayment Holders of Securities entitled to such funds must look to the Issuers Company for payment unless an abandoned property law designates another person.

Appears in 1 contract

Samples: Indenture (Newport News Shipbuilding Inc)

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Unclaimed Funds. If funds for the payment of principal or interest remain unclaimed for two years, the Trustee or Paying Agent will repay the funds to the Issuers Company at their its request. After such repayment re- payment Holders of Securities entitled to such funds must look to the Issuers Company for payment unless an abandoned property law designates another person.

Appears in 1 contract

Samples: Indenture (Triton PCS Inc)

Unclaimed Funds. If funds for the payment of principal or interest remain unclaimed for two years, the Trustee or Paying Agent will repay the funds to the Issuers at their request. After such repayment Holders of Securities entitled to such funds must look to the Issuers for payment unless an abandoned property law designates another personPerson.

Appears in 1 contract

Samples: Indenture (Euramax International PLC)

Unclaimed Funds. If funds for the payment of principal or interest remain unclaimed for two years, the Trustee or Paying Agent will repay the funds to the Issuers Company at their its request. After such repayment Holders of Securities Notes entitled to such funds must look to the Issuers Company for payment unless an abandoned property law designates another person.

Appears in 1 contract

Samples: Indenture (Prime Foods Development Corp)

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