Common use of Unclaimed Moneys Clause in Contracts

Unclaimed Moneys. Anything contained herein to the contrary notwithstanding, any moneys held by the Fiscal Agent in trust for the payment and discharge of the principal of, and the interest and any premium on, the Bonds and Additional Bonds which remains unclaimed for two (2) years after the date when the payments of such principal, interest and premium have become payable, if such money was held by the Fiscal Agent at such date, shall be repaid by the Fiscal Agent to the District as its absolute property free from any trust, and the Fiscal Agent shall thereupon be released and discharged with respect thereto and the Bond Owners shall look only to the District for the payment of the principal of, and interest and any premium on, such Bonds and Additional Bonds.

Unclaimed Moneys. Anything contained herein to the contrary notwithstanding, any moneys held by the Fiscal Agent in trust for the payment and discharge of the principal of, and the interest and any premium on, the Bonds and Additional Bonds which remains unclaimed for two (2) years after the date when the payments of such principal, interest and any premium have become payable, if such money was held by payable (during which period the Fiscal Agent at shall hold such datemoneys without liability to Bondowners for interest thereon), shall be repaid by the Fiscal Agent to the District Agency as its absolute property free from any trust, and the Fiscal Agent shall thereupon be released and discharged with respect thereto and the Bond Owners shall look only to the District Agency for the payment of the principal of, and interest and any premium on, such Bonds and Additional Bonds.

Unclaimed Moneys. Anything contained herein to the contrary notwithstanding, any moneys held by the Fiscal Paying Agent in trust for the payment and discharge of the principal of, and the interest and any premium on, the Bonds and Additional Bonds which remains unclaimed for two (2) years after the date when the payments of such principal, principal and interest and premium have become payable, if such money moneys was held by the Fiscal Paying Agent at such date, shall be repaid by the Fiscal Paying Agent to the District as its absolute property free from any trust, and the Fiscal Paying Agent shall thereupon be released and discharged with respect thereto and the Bond Owners shall look only to the District for the payment of the principal of, and interest and any premium on, such Bonds and Additional Bonds.

Unclaimed Moneys. Anything contained herein to the contrary notwithstanding, any moneys held by the Fiscal Paying Agent in trust for the payment and discharge of the principal of, and the interest and any premium on, the Bonds and Additional Bonds which remains unclaimed for two tone (21) years year after the date when the payments of such principal, interest and premium have become payable, if such money moneys was held by the Fiscal Paying Agent at such date, shall be repaid by the Fiscal Paying Agent to the District as its absolute property free from any trust, and the Fiscal Paying Agent shall thereupon be released and discharged with respect thereto and the Bond Owners shall look only to the District for the payment of the principal of, and interest and any premium on, such Bonds and Additional Bonds.

Unclaimed Moneys. Anything contained herein to the contrary notwithstanding, any moneys held by the Fiscal Paying Agent in trust for the payment and discharge of the principal of, and the interest and any premium on, the Bonds and Additional Bonds which remains unclaimed for two (2) years after the date when the payments of such principal, interest and premium have become payable, if such money moneys was held by the Fiscal Paying Agent at such date, shall be repaid by the Fiscal Paying Agent to the District as its absolute property free from any trust, and the Fiscal Paying Agent shall thereupon be released and discharged with respect thereto and the Bond Owners shall look only to the District for the payment of the principal of, and interest and any premium on, such Bonds and Additional Bonds.