Common use of Unclaimed Funds Clause in Contracts

Unclaimed Funds. If funds for the payment of principal, interest, premium, Additional Amounts or Liquidated Damages remain unclaimed for two years, the Trustee and the Paying Agents will repay the funds to the Company at its written request. After that, all liability of the Trustee and such Paying Agents with respect to such funds shall cease.

Appears in 4 contracts

Samples: Dollar Indenture (MDCP Acquisitions I), Dollar Indenture (MDCP Acquisitions I), Execution Copy (Preem Holdings Ab Publ)

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Unclaimed Funds. If funds for the payment of principal, interest, principal or premium, Additional Amounts if any, or interest or Liquidated Damages Damages, if any, remain unclaimed for two years, the Trustee and the Paying Agents Agent will repay the funds to the Company at its written request. After that, all liability of the Trustee and such Paying Agents Agent with respect to such funds shall cease.

Appears in 2 contracts

Samples: Registration Rights Agreement (West Texas & Lubbock Railroad Co Inc), Carson Products Co

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Unclaimed Funds. If funds for the payment of principal, interest, premium, Additional Amounts principal or Liquidated Damages interest remain unclaimed for two years, the Trustee and the Paying Agents Agent will repay the funds to the Company at its their written request. After that, all liability of the Trustee and such Paying Agents Agent with respect to such funds shall cease. 12.

Appears in 1 contract

Samples: MTS Inc

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