Common use of Prescription Period Clause in Contracts

Prescription Period. Any money that the Company deposits with the Trustee or any Paying Agent for the payment of principal or any interest on the Securities that remains unclaimed for two years after the date upon which the principal and interest are due and payable shall be repaid to the Company upon the Company’s request unless otherwise required by mandatory provisions of any applicable unclaimed property law. After that time, unless otherwise required by mandatory provisions of any unclaimed property law, the Holder of this Security shall be able to seek any payment to which that Holder shall be entitled to collect only from the Company.

Appears in 6 contracts

Samples: Fiat Chrysler Automobiles N.V., Fiat Chrysler Automobiles N.V., Fiat Chrysler Automobiles N.V.

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.