Common use of Return of Unclaimed Monies Clause in Contracts

Return of Unclaimed Monies. Subject to the requirements of applicable law, any monies deposited with or paid to the Trustee for payment of the principal of, or Interest, if any, on Notes and not applied but remaining unclaimed by the Holders thereof for two years after the date upon which the principal of, or Interest on such Notes, as the case may be, have become due and payable, shall be repaid to the Issuer by the Trustee on demand; provided, however, that the Issuer, or the Trustee at the request of the Issuer, shall have first caused notice of such payment to the Issuer to be mailed to each Holder of a Note entitled thereto no less than 30 days prior to such payment and all liability of the Trustee shall thereupon cease with respect to such monies; and the Holder of any of such Notes shall thereafter look only to the Issuer for any payment which such Holder may be entitled to collect unless an applicable abandoned property law designates another Person.

Return of Unclaimed Monies. Subject to the requirements of applicable law, any monies deposited with or paid to the Trustee for payment of the principal of, or Interestpremium, if any, or interest on Notes Securities and not applied but remaining unclaimed by the Holders holders thereof for two years after the date upon which the principal of, premium, if any, or Interest interest on such NotesSecurities, as the case may be, have become due and payable, shall be repaid to the Issuer Company by the Trustee on demand; provided, however, that the IssuerCompany, or the Trustee at the request of the IssuerCompany, shall have first caused notice of such payment to the Issuer Company to be mailed to each Holder holder of a Note Security entitled thereto no less than 30 days prior to such payment and all liability of the Trustee shall thereupon cease with respect to such monies; and the Holder holder of any of such Notes the Securities shall thereafter look only to the Issuer Company for any payment which such Holder holder may be entitled to collect unless an applicable abandoned property law designates another Person.

Return of Unclaimed Monies. Subject to the requirements of applicable law, any monies deposited with or paid to the Trustee for payment of the principal of, premium, if any, or Interestinterest, if any, on Notes and not applied but remaining unclaimed by the Holders holders thereof for two years after the date upon which the principal of, premium, if any, or Interest interest on such Notes, as the case may be, have become due and payable, shall be repaid to the Issuer Company by the Trustee on demand; provided, however, that the IssuerCompany, or the Trustee at the request of the IssuerCompany, shall have first caused notice of such payment to the Issuer Company to be mailed to each Holder holder of a Note entitled thereto no less than 30 days prior to such payment and all liability of the Trustee shall thereupon cease with respect to such monies; and the Holder holder of any of such the Notes shall thereafter look only to the Issuer Company for any payment which such Holder holder may be entitled to collect unless an applicable abandoned property law designates another Person.

Return of Unclaimed Monies. Subject to the requirements of applicable law, any monies deposited with or paid to the Trustee for payment of the principal of, or Interestinterest, if any, on Notes Debentures and not applied but remaining unclaimed by the Holders thereof for two years after the date upon which the principal of, or Interest interest on such NotesDebentures, as the case may be, have become due and payable, shall be repaid to the Issuer Company by the Trustee on demand; provided, however, that the IssuerCompany, or the Trustee at the request of the IssuerCompany, shall have first caused notice of such payment to the Issuer Company to be mailed to each Holder of a Note Debenture entitled thereto no less than 30 days prior to such payment and all liability of the Trustee shall thereupon cease with respect to such monies; and the Holder of any of such Notes Debentures shall thereafter look only to the Issuer Company for any payment which such Holder may be entitled to collect unless an applicable abandoned property law designates another Person.

Return of Unclaimed Monies. Subject to the requirements of applicable law, any monies deposited with or paid to the Trustee for payment of the principal of, or Interestinterest, if any, on Notes and not applied but remaining unclaimed by the Holders thereof for two years after the date upon which the principal of, or Interest interest on such Notes, as the case may be, have become due and payable, shall be repaid to the Issuer Company by the Trustee on demand; provided, however, that the IssuerCompany, or the Trustee at the request of the IssuerCompany, shall have first caused notice of such payment to the Issuer Company to be mailed to each Holder of a Note entitled thereto no less than 30 days prior to such payment and all liability of the Trustee shall thereupon cease with respect to such monies; and the Holder of any of such Notes shall thereafter look only to the Issuer Company for any payment which such Holder may be entitled to collect unless an applicable abandoned property law designates another Person.

Return of Unclaimed Monies. Subject to the requirements of applicable law, any monies deposited with or paid to the Trustee for payment of the principal of, or Interestinterest, if any, on Notes and not applied but remaining unclaimed by the Holders thereof for two years after the date upon which the principal of, or Interest interest on such Notes, as the case may be, have become due and payable, shall be repaid to the Issuer Company by the Trustee on demand; provided, however, that the IssuerCompany, or the Trustee at the request and expense of the IssuerCompany, shall have first caused notice of such payment to the Issuer Company to be mailed to each Holder of a Note entitled thereto no less than 30 days prior to such payment and all liability of the Trustee shall thereupon cease with respect to such monies; and the Holder of any of such Notes shall thereafter look only to the Issuer Company for any payment which such Holder may be entitled to collect unless an applicable abandoned property law designates another Person.