Common use of Repayment of Unclaimed Moneys to Corporation Clause in Contracts

Repayment of Unclaimed Moneys to Corporation. Any moneys set aside under Section 7.2 and not claimed by and paid to holders of Debt Securities or coupons as provided in said Section 7.2 within six years after the date of maturity or redemption, as the case may be, shall, subject to any applicable laws and regulations, become the property of the Corporation free of any beneficial claim by the holders of the Debt Securities or coupons, and shall be repaid to the Corporation by the Trustee together with any interest accrued thereon and thereupon the Trustee shall be released from all further liability with respect to such moneys.

Repayment of Unclaimed Moneys to Corporation. Any moneys set aside under Section 7.2 and not claimed by and paid to holders of Debt Securities Debentures or coupons as provided in said Section 7.2 within six years after the date of maturity or redemption, as the case may be, shall, subject to any applicable laws and regulations, become the property of the Corporation free of any beneficial claim by the holders of the Debt Securities Debentures or coupons, and shall be repaid to the Corporation by the Trustee together with any interest accrued thereon and thereupon the Trustee shall be released from all further liability with respect to such moneys.