Common use of Unclaimed Moneys Clause in Contracts

Unclaimed Moneys. Anything in this Indenture to the contrary notwithstanding, any moneys held by the Trustee in trust for the payment and discharge of any of the Bonds which remain unclaimed for two (2) years after the date when such Bonds have become due and payable, either at their stated maturity dates or by call for earlier redemption, if such moneys were held by the Trustee at such date, or for two (2) years after the date of deposit of such moneys if deposited with the Trustee after said date when such Bonds become due and payable, shall be repaid (without liability for interest) by the Trustee to the Authority, as its absolute property and free from trust, and the Trustee shall thereupon be released and discharged with respect thereto and the Bond Owners shall look only to the Authority for the payment of such Bonds; provided, however, that before being required to make such payment to the Authority, the Trustee shall, at the expense of Authority, cause to be mailed to the Owners of all such Bonds, at their respective addresses appearing on the Bond Register, a notice that said moneys remain unclaimed and that, after a date in said notice, which date shall not be less than thirty (30) days after the date of mailing such notice, the balance of such moneys then unclaimed will be returned to the Authority.

Unclaimed Moneys. Anything in this Indenture contained herein to the contrary notwithstanding, any moneys held by the Trustee in trust for the payment and discharge of the interest or principal or Prepayment Price represented by any of the Bonds Certificates which remain unclaimed for two (2) years after the date when such Bonds have become due and payable, either at their stated maturity dates or by call for earlier redemption, if such moneys were held by the Trustee at such date, or for two (2) years after the date of deposit of such moneys if deposited with the Trustee after said the date when the interest, principal, or Prepayment Price represented by such Bonds Certificates have become due and payable, shall at the Written Request of the District be repaid (without liability for interest) by the Trustee to the Authority, District as its absolute property and free from trust, and the Trustee shall thereupon be released and discharged with respect thereto and the Bond Owners shall look only to the Authority District for the payment of the interest and principal or Prepayment Price represented by such BondsCertificates; provided, however, that before being required to make any such payment to the AuthorityDistrict, the Trustee shall, at the written request and expense of Authoritythe District, cause to be mailed first mail a notice to the Owners of all the Certificates so payable that such Bonds, at their respective addresses appearing on the Bond Register, a notice that said moneys remain unclaimed and that, that after a date named in said such notice, which date shall not be less than thirty (30) days after the date of the mailing of such notice, the balance of such moneys then unclaimed will be returned to the AuthorityDistrict.

Unclaimed Moneys. Anything in this Indenture contained herein to the contrary notwithstanding, any moneys held by the Trustee in trust for the payment and discharge of the interest, premium, if any, or principal represented by any of the Bonds Certificates which remain unclaimed for two (2) years after the date when the payments represented by such Bonds Certificates have become due and payable, either at their stated maturity dates or by call for earlier redemption, if such moneys were held by the Trustee at such date, or for two (2) years after the date of deposit of such moneys if deposited with the Trustee after said the date when the interest, premium, if any, and principal represented by such Bonds Certificates have become due and payable, shall be repaid (without liability for interest) by the Trustee to the Authority, County as its absolute property and free from trust, and the Trustee shall thereupon be released and discharged with respect thereto and the Bond Owners shall look only to the Authority County for the payment of the interest and principal represented by such BondsCertificates; provided, however, that before being required to make any such payment to the AuthorityCounty, the Trustee shallmay, at the expense of Authoritythe County, cause to be mailed to the Owners of all such Bonds, at their respective addresses appearing on the Bond Register, published once a week for two (2) successive weeks in a Financial Newspaper a notice that said such moneys remain unclaimed and that, that after a date named in said such notice, which date shall not be less than thirty (30) days after the date of mailing the first publication of such notice, the balance of such moneys then unclaimed will be returned to the AuthorityCounty.

Unclaimed Moneys. Anything in this Indenture contained herein to the contrary notwithstanding, any moneys held by the Trustee in trust for the payment and discharge of the interest or principal evidenced by any of the Bonds Certificates which remain unclaimed for two (2) years after the date when the principal and interest evidenced by such Bonds Certificates have become due and payable, either at their stated maturity dates or by call for earlier redemption, if such moneys were held by the Trustee at such date, or for two (2) years after the date of deposit of such moneys if deposited with the Trustee after said the date when the interest and principal evidenced by such Bonds Certificates have become due and payable, shall at the Written Request of the City be repaid (without liability for interest) by the Trustee to the Authority, City as its absolute property and free from trust, and the Trustee shall thereupon be released and discharged with respect thereto and the Bond Owners shall look only to the Authority City for the payment of the interest and principal evidenced by such BondsCertificates; provided, however, that before being required to make any such payment to the AuthorityCity, the Trustee shall, at the expense of Authoritythe City, cause to be mailed to the Owners of all such Bonds, at their respective addresses appearing on the Bond Register, published once a week for two (2) successive weeks in a Financial Newspaper a notice that said such moneys remain unclaimed and that, that after a date named in said such notice, which date shall not be less than thirty (30) days after the date of mailing the first publication of such notice, the balance of such moneys then unclaimed will be returned to the AuthorityCity.

Unclaimed Moneys. Anything in this Indenture herein to the contrary notwithstanding, and subject to applicable escheatment laws of the State, any moneys held by the Trustee in trust for the payment and discharge of any of the Bonds which remain unclaimed for two (2) years after the date when such Bonds have become due and payable, either at their stated maturity dates or by call for earlier redemption, if such moneys were are held by the Trustee at such said date, or for two (2) years after the date of deposit of such moneys if deposited with the Trustee after said the date when such Bonds become became due and payable, shall be repaid (without liability for interest) paid by the Trustee to the Authority, Issuer as its absolute property and free from trust, and the Trustee shall thereupon be released and discharged with respect thereto and the Bond Owners holders of such Bonds shall look only to the Authority Issuer for the payment of such Bondsthereof; provided, however, that before being required to make any such payment to the AuthorityIssuer, the Trustee shall, at the expense of Authority, shall cause to be mailed to the Owners holders of all such Bonds, at their respective addresses appearing shown on the Bond Register, a notice that said moneys remain unclaimed and that, after a date named in said notice, which date shall be not be less than thirty (30) 30 nor more than 60 days after the date of mailing such notice, the balance of such moneys then unclaimed will be returned paid to the AuthorityIssuer; and provided further, that the provisions of this Section shall not apply to the extent disposition of any moneys so held by the Trustee shall be governed by any laws applicable to the Trustee or the Issuer dealing with the disposition of such unclaimed property.

Unclaimed Moneys. Anything in this Indenture Agreement to the contrary notwithstanding, any moneys money held by the Trustee in trust Fiscal Agent for the payment and discharge of any of the Bonds or interest thereon which remain remains unclaimed for two (2) years after the date when such Bonds have become due and payable, either at their stated maturity dates or by call for earlier redemption, if such moneys were money was held by the Trustee Fiscal Agent at such date, or for two (2) years after the date of deposit of such moneys money if deposited with the Trustee Fiscal Agent after the said date when such Bonds become due and payable, shall be repaid (without liability for interest) by the Trustee Fiscal Agent to the AuthorityCity, as its absolute property and free from trust, and the Trustee Fiscal Agent shall thereupon be released and discharged with respect thereto and the Bond Owners shall look only to the Authority City for the payment of such Bonds; provided, however, that that, before being required to make any such payment to the AuthorityCity, the Trustee Fiscal Agent shall, at the written request and expense of Authoritythe City, cause to be mailed to the registered Owners of all such Bonds, at their respective addresses appearing as they appear on the Bond Register, a notice that said moneys remain money remains unclaimed and that, after a date named in said notice, which date shall not be less than thirty (30) days after the date of the mailing of such notice, the balance of such moneys money then unclaimed will be returned to the AuthorityCity. The Fiscal Agent shall hold any such moneys uninvested.

Unclaimed Moneys. Anything in this Indenture to the contrary notwithstanding, any moneys held by the Trustee in trust for the payment and discharge of any of the Bonds which that remain unclaimed for two (2) years after the date when such Bonds have become due and payable, either at their stated maturity dates or by call for earlier redemption, if such moneys were held by the Trustee at such date, or for two (2) years after the date of deposit of such moneys if deposited with the Trustee after said date when such Bonds become due and payable, shall shall, at the Written Request of the Authority, be repaid (without liability for interest) by the Trustee to the Authority, as its absolute property and free from trust, and the Trustee shall thereupon be released and discharged with respect thereto and the Bond Owners shall look only to the Authority for the payment of such Bonds; provided, however, that before being required to make any such payment to the Authority, the Trustee shall, at the expense of the Authority, cause to be mailed to the Owners Owner of all such Bonds, at their respective addresses appearing on the Bond RegisterRegistration Books, a notice that said moneys remain unclaimed and that, after a date named in said notice, which date shall not be less than thirty (30) 30 days after the date of mailing of such notice, the balance of such moneys then unclaimed will be returned to the Authority.Authority.‌

Unclaimed Moneys. Anything in this Indenture to the contrary notwithstanding, any moneys held by the Trustee in trust for the payment and discharge of any of the Bonds which that remain unclaimed for two (2) years after the date when such Bonds have become due and payable, either at their stated maturity dates or by call for earlier redemption, if such moneys were held by the Trustee at such date, or for two (2) years after the date of deposit of such moneys if deposited with the Trustee after said date when such Bonds become due and payable, shall be repaid (without liability for interest) by the Trustee to the AuthorityAgency, as its absolute property and free from trust, and the Trustee shall thereupon be released and discharged with respect thereto and the Bond Owners shall look only to the Authority Agency for the payment of such Bonds; provided, provided however, that before being required to make any such payment to the AuthorityAgency, the Trustee shall, at the written request and expense of Authoritythe Agency, cause to be mailed to the Owners of all such Bonds, at their respective addresses appearing on the Bond RegisterRegistration Books, a notice that said moneys remain unclaimed and that, that after a date named in said notice, which date shall not be less than thirty (30) 30 days after the date of mailing of such notice, the balance of such moneys then unclaimed will be returned to the AuthorityAgency.

Unclaimed Moneys. Anything in this Indenture to the contrary notwithstanding, any moneys money held by the Trustee in trust for the payment and discharge of any of the Bonds which remain unclaimed for two (2) years after the date when such Bonds have become due and payable, either at their stated maturity dates or by call for earlier redemption, if such moneys were money was held by the Trustee at such date, or for two (2) years after the date of deposit of such moneys money if deposited with the Trustee after the said date when such Bonds or interest thereon become due and payable, shall shall, at the Written Request of the Agency, be repaid (without liability for interest) by the Trustee to the AuthorityAgency, as its absolute property and free from trust, and the Trustee shall thereupon be released and discharged with respect thereto and the Bond Owners shall look only to the Authority Agency for the payment of such Bonds; provided, however, that before being required to make any such payment to the AuthorityAgency, the Trustee shall, at the expense of Authoritythe Agency, cause to be mailed to the registered Owners of all such Bonds, Bonds at their respective addresses appearing as they appear on the Bond Register, registration books of the Trustee a notice that said moneys remain money remains unclaimed and that, after a date named in said notice, which date shall not be less than thirty (30) days after the date of the mailing of such notice, the balance of such moneys money then unclaimed will be returned to the AuthorityAgency.

Unclaimed Moneys. Anything in this Indenture to the contrary notwithstanding, any moneys held by the Trustee in trust for the payment and discharge of any of the Bonds which that remain unclaimed for two (2) years after the date when such Bonds have become due and payable, either at their stated maturity dates or by call for earlier redemption, if such moneys were held by the Trustee at such date, or for two (2) years after the date of deposit of such moneys if deposited with the Trustee after said date when such Bonds become due and payable, shall be repaid (without liability for interest) by the Trustee to the Authority, as its absolute property and free from trust, and the Trustee shall thereupon be released and discharged with respect thereto and the Bond Owners shall look only to the Authority for the payment of such Bonds; provided, provided however, that before being required to make any such payment to the Authority, the Trustee shall, at the written request and expense of the Authority, cause to be mailed to the Owners of all such Bonds, at their respective addresses appearing on the Bond RegisterRegistration Books, a notice that said moneys remain unclaimed and that, that after a date named in said notice, which date shall not be less than thirty (30) 30 days after the date of mailing of such notice, the balance of such moneys then unclaimed will be returned to the Authority.

Unclaimed Moneys. Anything in this Indenture to the contrary notwithstanding, and subject to the escheat laws of the State, any moneys held by the Trustee in trust for the payment and discharge of any of the Bonds which that remain unclaimed for two (2) 2 years after the date when such Bonds have become due and payable, either at their stated maturity dates or by call for earlier redemption, if such moneys were held by the Trustee at such date, or for two (2) 2 years after the date of deposit of such moneys if deposited with the Trustee after said date when such Bonds become due and payable, shall be repaid (without liability for interest) by the Trustee to the Authority, as its absolute property and free from trust, and the Trustee shall thereupon be released and discharged with respect thereto and the Bond Owners shall look only to the Authority for the payment of such Bonds; provided, however, that before being required to make such payment to the Authority, the Trustee shall, at the expense of Authority, cause to be mailed to the Owners of all such Bonds, at their respective addresses appearing on the Bond Register, a notice that said moneys remain unclaimed and that, after a date in said notice, which date shall not be less than thirty (30) 30 days after the date of mailing such notice, the balance of such moneys then unclaimed will be returned to the Authority.