Common use of Unclaimed Monies Clause in Contracts

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.

Appears in 3 contracts

Samples: Indenture, Indenture, Indenture

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Unclaimed Monies. Monies deposited with the Trustee pursuant to this Article 11 8 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 Indenture Event of Default 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.Issuer.‌

Appears in 1 contract

Samples: Indenture

Unclaimed Monies. Monies deposited with the Trustee pursuant to this Article 11 8 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 of Default 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.Issuer.‌

Appears in 1 contract

Samples: Indenture

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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.Issuer.‌

Appears in 1 contract

Samples: Indenture

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