Common use of Return of Unclaimed Monies Clause in Contracts

Return of Unclaimed Monies. Subject to the requirements of applicable abandoned property laws, any monies or shares of Common Stock deposited with or paid to the Trustee for payment of the principal of or interest on Notes and not applied but remaining unclaimed by the Holders of Notes for two years after the date upon which the principal of or interest on such Notes or shares of Common Stock, as the case may be, shall have become due and payable, shall be repaid to the Company by the Trustee on demand and all liability of the Trustee shall thereupon cease with respect to such monies or shares of Common Stock; and the Holder of any of the Notes shall thereafter look only to the Company for any payment or delivery that such Holder may be entitled to collect unless an applicable abandoned property law designates another Person.

Appears in 15 contracts

Samples: Indenture (Digital Turbine, Inc.), Registration Rights Agreement (Gevo, Inc.), Indenture (Oclaro, Inc.)

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Return of Unclaimed Monies. Subject to the requirements of applicable abandoned property lawslaw, any monies or and shares of Common Stock deposited with or paid to the Trustee for payment of the principal of or interest interest, if any, on Notes the Securities and not applied but remaining unclaimed by the Holders of Notes the Securities for two years after the date upon which the principal of or interest interest, if any, on such Notes or shares of Common StockSecurities, as the case may be, shall have become due and payable, shall be repaid to the Company by the Trustee on demand demand, and all liability of the Trustee shall thereupon cease with respect to such monies or and shares of Common Stock; and the Holder of any of the Notes shall thereafter look only to the Company for any payment or delivery that such Holder may be entitled to collect unless an applicable abandoned property law designates another Personperson.

Appears in 4 contracts

Samples: Indenture (Arbor Realty Trust Inc), Indenture (Arbor Realty Trust Inc), And (Arbor Realty Trust Inc)

Return of Unclaimed Monies. Subject to the requirements of applicable abandoned property lawslaw, any monies or and shares of Common Stock deposited with or paid to the Trustee for payment of the principal of or interest interest, if any, on the Notes and not applied but remaining unclaimed by the Holders of the Notes for two (2) years after the date upon which the principal of or interest interest, if any, on such Notes or shares of Common StockNotes, as the case may be, shall have become due and payable, shall be repaid to the Company by the Trustee on demand demand, and all liability of the Trustee shall thereupon cease with respect to such monies or and shares of Common Stock; and the Holder of any of the Notes shall thereafter look only to the Company for any payment or delivery that such Holder may be entitled to collect unless an applicable abandoned property law designates another Person.

Appears in 2 contracts

Samples: Lumentum Holdings Inc., Amicus Therapeutics Inc

Return of Unclaimed Monies. Subject to the requirements of applicable abandoned property lawslaw, any monies or and shares of Common Stock deposited with or paid to the Trustee for payment of the principal of or interest interest, if any, on the Notes and not applied but remaining unclaimed by the Holders of the Notes for two (2) years after the date upon which the principal of or interest interest, if any, on such Notes or shares of Common StockNotes, as the case may be, shall have become due and payable, shall be repaid to the Company by the Trustee on demand demand, and all liability of the Trustee shall thereupon cease with respect to such monies or and shares of Common Stock; and the Holder of any of the Notes shall thereafter look only to the Company for any payment or delivery that such Holder may be entitled to collect unless an applicable abandoned property law designates another Personperson.

Appears in 1 contract

Samples: Seacor Holdings Inc /New/

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Return of Unclaimed Monies. Subject to the requirements of applicable abandoned property lawslaw, any monies or shares of Common Stock Stock, if applicable, deposited with or paid to the Trustee for payment of the principal of or interest interest, if any, on the Notes and not applied but remaining unclaimed by the Holders of the Notes for two years after the date upon which the principal of or interest interest, if any, on such Notes or shares of Common StockNotes, as the case may be, shall have become due and payable, shall be repaid to the Company by the Trustee on demand and all liability of the Trustee shall thereupon cease with respect to such monies or shares of Common Stock, if applicable; and the Holder of any of the Notes shall thereafter look only to the Company for any payment or delivery that such Holder of the Notes may be entitled to collect unless an applicable abandoned property law designates another Person.

Appears in 1 contract

Samples: Indenture (Ual Corp /De/)

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