Common use of Unclaimed Money; Prescription Clause in Contracts

Unclaimed Money; Prescription. If money deposited with the Trustee or any Paying Agent for the payment of principal, premium (if any), interest or Additional Interest (if any) remains unclaimed for two years, the Trustee and such Paying Agent shall, upon written request of the Company, pay such money back to the Company. Following such repayment to the Company, Holders of the Notes entitled to such payment must look to the Company for such payment unless applicable abandoned property law designates another Person and all liability of the Trustee and Paying Agent shall cease. Other than as set forth in this paragraph, this Indenture does not provide for any prescription period for the payment of principal, premium (if any), interest and Additional Interest (if any) on the Notes. ARTICLE FOURTEEN PAYING AGENT, TRANSFER AGENT AND REGISTRAR

Appears in 2 contracts

Samples: Manitowoc Co Inc, Manitowoc Co Inc

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Unclaimed Money; Prescription. If money deposited with the Trustee or any Paying Agent for the payment of principal, premium (if any), interest or Additional Interest (if any) remains unclaimed for two years, the Trustee and such Paying Agent shall, upon written request of the Company, pay such money back to the Company. Following such repayment to the Company, Holders of the Notes entitled to such payment must look to the Company for such payment unless applicable abandoned property law designates another Person and all liability of the Trustee and Paying Agent shall cease. Other than as set forth in this paragraph, this Indenture does not provide for any prescription period for the payment of principal, premium (if any), interest and Additional Interest (if any) on the Notes. ARTICLE FOURTEEN TWELVE PAYING AGENT, TRANSFER AGENT AND REGISTRAR

Appears in 1 contract

Samples: Multiplex Co Inc

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Unclaimed Money; Prescription. If money deposited with ----------------------------- the Trustee or any Paying Agent for the payment of principal, premium (if any), interest or Additional Interest Liquidated Damages (if any) remains unclaimed for two years, the Trustee and such Paying Agent shall, upon written request of the Company, pay such money back to the Company. Following such repayment to the Company, Holders of the Notes entitled to such payment must look to the Company for such payment unless applicable abandoned property law designates another Person and all liability of the Trustee and Paying Agent shall cease. Other than as set forth in this paragraph, this Indenture does not provide for any prescription period for the payment of principal, premium (if any), interest and Additional Interest Liquidated Damages (if any) on the Notes. ARTICLE FOURTEEN PAYING AGENT, TRANSFER AGENT AND REGISTRAR.

Appears in 1 contract

Samples: Sola International Inc

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