Common use of UNCLAIMED MONEY OR PROPERTY Clause in Contracts

UNCLAIMED MONEY OR PROPERTY. If money for the payment of principal or interest remains unclaimed for two years, the Trustee or Paying Agent will pay the money back to the Company at its request. After that, Holders entitled to the money must look to the Company for payment unless an abandoned property law designates another person.

Appears in 5 contracts

Samples: Supplemental Indenture (Masco Corp /De/), Supplemental Indenture (Masco Corp /De/), Eleventh Supplemental Indenture (Horton D R Inc /De/)

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