Common use of Unclaimed Moneys Clause in Contracts

Unclaimed Moneys. Except as may otherwise be required by applicable law, in case any moneys deposited with the Paying Agent for the payment of the Purchase Price or principal of, premium, if any, or interest on any Bond remain unclaimed for two years after such Purchase Price, principal, premium or interest has been paid or has become due and payable, the Paying Agent may, and upon receipt of a written request by a Company Representative shall, pay over to the Company the amount so deposited and thereupon the Trustee, the Paying Agent and the Authority shall be released from any further liability with respect to the payment of such Purchase Price or principal, premium or interest and the owner of such Bond shall be entitled (subject to any applicable statute of limitations) to look only to the Company as an unsecured creditor for the payment thereof.

Unclaimed Moneys. Except as may otherwise be required by applicable law, in case any moneys deposited with the Paying Agent for the payment of the Purchase Price or principal of, the Purchase Price, interest or premium, if any, or interest on any Bond remain unclaimed for two three (3) years after such Purchase Price, principal, interest or premium or interest has been paid or has become due and payable, the Paying Agent may, may and upon receipt of a written request by a Company Representative shall, of the Borrower shall pay over to the Company Borrower the amount so deposited in immediately available funds, and thereupon the Trustee, the Paying Agent and the Authority Issuer shall be released from any further liability with respect to the payment of such Purchase Price or principal, Purchase Price, interest or premium or interest and the owner of such Bond shall be entitled (subject to any applicable statute of limitations) to look only to the Company Borrower as an unsecured creditor for the payment thereof. 317. Rebate.

Unclaimed Moneys. Except as may otherwise be required by applicable law, in case any moneys deposited with the Paying Agent Trustee for the payment of the Purchase Price or principal of, premium, if any, or interest on any Bond remain unclaimed for two years after such Purchase PricePrice or principal of, principalpremium, premium or if any, and interest has been paid or has become due and payable, the Paying Agent Trustee may, and upon receipt of a written request by a Company Borrower Representative shall, pay over to the Company Borrower the amount so deposited and thereupon the Trustee, the Paying Agent Trustee and the Authority Issuer shall be released from any further liability with respect to the payment of such Purchase Price or principal, premium or interest and the owner of such Bond shall be entitled (subject to any applicable statute of limitations) to look only to the Company Borrower as an unsecured creditor for the payment thereof.

Unclaimed Moneys. Except as may otherwise be required by applicable ---------------- law, in case any moneys deposited with the Paying Agent Trustee for the payment of the Purchase Price or principal of, premium, if any, or interest on any Bond remain unclaimed for two years after such Purchase Price, principal, premium or interest has been paid or has become due and payable, the Paying Agent Trustee may, and upon receipt of a written request by a Company Borrower Representative shall, pay over to the Company Borrower the amount so deposited and thereupon the Trustee, the Paying Agent Trustee and the Authority Issuer shall be released from any further liability with respect to the payment of such Purchase Price or principal, premium or interest and the owner of such Bond shall be entitled (subject to any applicable statute of limitations) to look only to the Company Borrower as an unsecured creditor for the payment thereof.