Common use of Unclaimed Money or Securities Clause in Contracts

Unclaimed Money or Securities. The Trustee and the Paying Agent shall return to the Company upon written request any money or securities held by them for the payment of any amount with respect to the Securities that remains unclaimed for two years, PROVIDED, HOWEVER, that at the Company's request, the Trustee or such Paying Agent, before being required to make any such return, shall at the expense of the Company cause to be published once in THE WALL STREET JOURNAL or another newspaper of national circulation or mail to each such Holder notice that such money or securities remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such publication or mailing, any unclaimed money or securities then remaining will be returned to the Company. After return to the Company, Holders entitled to the money or securities must look to the Company for payment as general creditors unless an applicable abandoned property law designates another person, and the Trustee and the Paying Agent shall have no further liability with respect to such money or securities for that period commencing after the return thereof.

Appears in 3 contracts

Samples: Indenture (Costco Companies Inc), Indenture (Multiverse Acquisition Corp), Indenture (Talk Radio Network Inc)

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Unclaimed Money or Securities. The Trustee and the Paying Agent shall return to the Company upon written request any money or securities held by them for the payment of any amount with respect to the Securities that remains unclaimed for two years, PROVIDEDprovided, HOWEVERhowever, that at the Company's request, the -------- ------- Trustee or such Paying Agent, before being required to make any such return, shall may at the expense of the Company cause to be published once in THE WALL STREET JOURNAL The Wall Street --------------- Journal or another newspaper of national circulation or mail to each such Holder ------- notice that such money or securities remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such publication or mailing, any unclaimed money or securities then remaining will be returned to the Company. After return to the Company, Holders entitled to the money or securities must look to the Company for payment as general creditors unless an applicable abandoned property law designates another person, and the Trustee and the Paying Agent shall have no further liability with respect to such money or securities for that period commencing after the return thereof.

Appears in 1 contract

Samples: Indenture (Merrill Lynch Preferred Capital Trust V)

Unclaimed Money or Securities. The Trustee and the Paying Agent shall return to the Company upon written request any money or securities held by them for the payment of any amount with respect to the Securities that remains unclaimed for two years, PROVIDEDprovided, HOWEVERhowever, that at the Company's requestrequest prior to such two year anniversary, the Trustee or such Paying Agent, before being required to make any such return, shall at the expense of the Company cause to be published once in THE WALL STREET JOURNAL The Wall Street Journal or another newspaper of national circulation or mail to each such Holder notice that such money or securities remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such publication or mailing, any unclaimed money or securities then remaining will be returned to the Company. After return to the Company, Holders entitled to the money or securities must look to the Company for payment as general creditors unless an applicable abandoned property law designates another person, and the Trustee and the Paying Agent shall have no further liability with respect to such money or securities for that period commencing after the return thereof.

Appears in 1 contract

Samples: Indenture (Hewlett Packard Co)

Unclaimed Money or Securities. The Trustee and the Paying Agent shall return to the Company upon written request any money or securities held by them for the payment of any amount with respect to the Securities that remains unclaimed for two years, PROVIDEDprovided, HOWEVER-------- however, that at the Company's request, the Trustee or such Paying Agent, before being required to make ------- any such return, shall may at the expense of the Company cause to be published once in THE WALL STREET JOURNAL The Wall Street Journal or another newspaper of national circulation or mail to ----------------------- each such Holder notice that such money or securities remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such publication or mailing, any unclaimed money or securities then remaining will be returned to the Company. After return to the Company, Holders entitled to the money or securities must look to the Company for payment as general creditors unless an applicable abandoned property law designates another person, and the Trustee and the Paying Agent shall have no further liability with respect to such money or securities for that period commencing after the return thereof.

Appears in 1 contract

Samples: Indenture (Times Mirror Co /New/)

Unclaimed Money or Securities. The Trustee and the each Paying Agent shall return to the Company upon written request any money or securities held by them for the payment of any amount with respect to the Securities that remains unclaimed for two years, PROVIDEDprovided, HOWEVERhowever, that at the Company's request, the Trustee or such Paying Agent, before being required to make any such return, shall may at the expense of the Company cause to be published once in THE WALL STREET JOURNAL The Wall Street Journal or another daily newspaper of national circulation circulation, The Financial Times and Les Echos or La Tribune or mail to each such Holder notice that such money or securities remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such publication or mailing, any unclaimed money or securities then remaining will be returned to the Company. After return to the Company, Holders entitled to the money or securities must look to the Company for payment as general creditors unless an applicable abandoned property law designates another person, and the Trustee and the each Paying Agent shall have no further liability with respect to such money or securities for that period commencing after the return thereof.

Appears in 1 contract

Samples: Indenture (Stmicroelectronics Nv)

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Unclaimed Money or Securities. The Trustee and the Paying Agent shall return to the Company upon written request any money or securities held by them for the payment of any amount with respect to the Securities that remains unclaimed for two years, PROVIDEDprovided, HOWEVERhowever, that at the -------- ------- Company's requestrequest prior to such two year anniversary, the Trustee or such Paying Agent, before being required to make any such return, shall at the expense of the Company cause to be published once in THE WALL STREET JOURNAL The Wall Street Journal or another ----------------------- newspaper of national circulation or mail to each such Holder notice that such money or securities remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such publication or mailing, any unclaimed money or securities then remaining will be returned to the Company. After return to the Company, Holders entitled to the money or securities must look to the Company for payment as general creditors unless an applicable abandoned property law designates another person, and the Trustee and the Paying Agent shall have no further liability with respect to such money or securities for that period commencing after the return thereof.

Appears in 1 contract

Samples: Indenture (Hewlett Packard Co)

Unclaimed Money or Securities. The Trustee and the Paying Agent (if other than the Trustee) shall return to the Company Company, upon written request of the Company, any money or securities held by them for the payment of any amount with respect to the Securities that remains unclaimed for two years; provided, PROVIDED, HOWEVERhowever, that at the Company's request, the Trustee or such Paying AgentAgent (if other than the Trustee), before being required to make any such return, shall may, at the expense of the Company Company, cause to be published once in THE WALL STREET JOURNAL The Wall Street Journal or another daily newspaper of national circulation or mail to each such Holder notice that such money or securities remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such publication or mailing, any unclaimed money or securities then remaining will be returned to the Company. After return to the Company, Holders entitled to the money or securities must look to the Company for payment as general creditors unless an applicable abandoned property law designates another personPerson, and the Trustee and the Paying Agent (if other than the Trustee) shall have no further liability with respect to such money or securities for that period commencing after the return thereof.

Appears in 1 contract

Samples: Indenture (Netease Com Inc)

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