Unclaimed Monies. Any money deposited with the Indenture Trustee, Registrar or the Paying Agent for the payment of the principal of, premium, if any, or interest on any Note and remaining unclaimed for two years after such principal or any such premium or interest had become due and payable shall, unless otherwise required by mandatory provisions of applicable escheat or abandoned or unclaimed property law, be paid to Protective Life pursuant to a Trust Request and pursuant to the applicable Funding Agreement; and the Holder of such Note shall thereafter, as an unsecured general creditor, look only to Protective Life for payment thereof, and all liability of the Indenture Trustee, Registrar or the Paying Agent with respect to such trust money shall thereupon cease; provided, however, that the Indenture Trustee, Registrar or the Paying Agent, before being required to make any such repayment, may cause to be published once, in an Authorized Newspaper in each Place of Payment or to be mailed to Holders, or both, notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than thirty (30) days from the date of such publication or mailing, any unclaimed balance of such money then remaining will be repaid to Protective Life.
Unclaimed Monies. Monies deposited with the Trustee pursuant to this Article 11 which remain unclaimed two years following the date payment thereof becomes due shall, at the request of the Issuer, if at such time no Enforcement Event shall have occurred and be continuing, or if Notes shall have been indefeasibly repaid in full as evidenced by an Opinion of Counsel, be paid to the Issuer, and the Holders of the Notes for which such deposit was made shall thereafter be limited to a claim against the Issuer.
Unclaimed Monies. In certain circumstances, MTC may hold client money for a Client which has been allocated but not claimed by them. MTC will cease to treat any unclaimed balances as client money after a period of six years, provided that all reasonable steps have been taken by MTC to contact the Client regarding this balance. MTC undertake to make good any valid claim against balances that were released from being treated as client money, upon the provision by the Client of information to evidence the validity of their claim.
Unclaimed Monies. (a) The Unclaimed Money Act 2008 (Vic) will apply in relation to any Scheme Consideration which becomes ‘unclaimed money’ (as defined in section 3 of the Unclaimed Money Act 2008 (Vic)).
(b) Any interest or other benefit accruing from unclaimed Scheme Consideration will be to the benefit of Bidder.
Unclaimed Monies. Any portion of the cash paid to the Exchange Agent by or on behalf of CSBI (together with any investment income earned thereon) that remains unclaimed by the Shareholders pursuant to the provisions of Section 2.4.1 six months after the Closing Date shall be returned to CSBI, upon demand, and any Shareholder who has not exchanged his, her or its shares of Common Stock for the Merger Consideration in accordance with Section 2.4.1 prior to that time shall thereafter look solely to CSBI for payment in respect of such shares. Notwithstanding the foregoing, neither CSBI, the Surviving Corporation, the Bank, the Exchange Agent nor any other Person shall be liable to any Shareholder for any amount paid to a public official pursuant to applicable abandoned property laws.
Unclaimed Monies. In the event any monies to be paid to an Owner of a Custody Receipt in respect of the final payment thereof remains unclaimed, the Note Custodian shall segregate and hold such monies in a subaccount within the related Custody Account, without liability for interest thereon, for the account of the Owner entitled thereto. Such monies shall not be invested by the Note Custodian, but shall be held in trust for the benefit of such Owner. All such monies that remain in any such subaccount on the date that is two (2) years and eleven (11) months after the date on which such monies were originally due, and as to which such Owner has not indicated an interest as evidenced by a memorandum on file with the Note Custodian, shall be disbursed to the Depositor and such Owner shall thereafter look only to the Depositor for payment.
Unclaimed Monies. (a) The Target may cancel a cheque issued under this clause 5 if the cheque:
(i) is returned to the Target; or
(ii) has not been presented for payment within six months after the date on which the cheque was sent.
(b) During the period of one year commencing on the Implementation Date, on request in writing from a Scheme Shareholder to the Target (or the Target Share Registry) (which request may not be made until that date which is 10 Business Days after the Implementation Date), the Target must reissue a cheque that was previously cancelled under this clause 5.5.
(c) The Unclaimed Money Act 1990 (WA) will apply in relation to any Base Scheme Consideration which becomes ‘unclaimed money’ (as defined in section 3 of that Act).
Unclaimed Monies. Redemption monies that are represented by a cheque which has not been presented to the Corporation's bankers for payment or that otherwise remain unclaimed (including monies held on deposit in a special account as provided for in subsection 3.5.3 above) for a period of six years shall be forfeited to the Corporation.
Unclaimed Monies. (a) Apax may cancel a cheque issued under clause 5.1(b) if the cheque is returned to Trade Me or has not been presented for payment within one year after the Implementation Date.
(b) During the period of one year commencing on the Implementation Date, on request in writing from a Scheme Shareholder to Trade Me, Trade Me must reissue, or procure the reissue of, a cheque that was previously cancelled under clause 5.5(a).
Unclaimed Monies. Funds allocated to Class Members who do not elect to participate in the settlement by submitting a Consent Form will not be funded by Defendants. Checks to Class Members and Non-Joining PAGA Employees shall remain negotiable for 180 days. Class Members and Non-Joining PAGA Employees who do not cash their checks within 180 days of issuance will have their checks cancelled and their check amounts sent to the unclaimed property division of the state in which each such Class Member or Non-Joining PAGA Employees last worked for Defendants. Checks shall be re-issued by the Defendants if such requests are received from class members prior to the date when the transfer to the unclaimed property divisions has occurred. Half of any amounts remaining in the Reserve Fund more than 300 days after the Settlement Administrator has disbursed the Allocated Class Member Fund shall be provided to legal aid organizations designated by Class Counsel. The other half of any amounts remaining in the Reserve Fund more than 300 days after the Settlement Administrator has disbursed the Allocated Class Member Fund shall be provided to the United Way.
