Common use of Unclaimed Money; Prescription Clause in Contracts

Unclaimed Money; Prescription. If money deposited with the Trustee or any Paying Agent for the payment of principal, premium (if any), interest or Additional Interest (if any) remains unclaimed for two years, the Trustee and such Paying Agent shall, upon written request of the Issuer, pay such money back to the Issuer. Following such repayment to the Issuer, Holders of the Notes entitled to such payment must look to the Issuer for such payment unless applicable abandoned property law designates another Person and all liability of the Trustee and Paying Agent shall cease. Other than as set forth in this paragraph, this Indenture does not provide for any prescription period for the payment of principal, premium (if any), interest or Additional Interest (if any) on the Notes.

Appears in 2 contracts

Samples: Indenture (Manitowoc Foodservice, Inc.), Indenture (Manitowoc Co Inc)

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Unclaimed Money; Prescription. If money deposited with the Trustee or any Paying Agent for the payment of principal, premium (if any), interest or Additional Interest (if any) remains unclaimed for two years, the Trustee and such Paying Agent shall, upon written request of the IssuerCompany, pay such money back to the IssuerCompany. Following such repayment to the IssuerCompany, Holders of the Notes entitled to such payment must look to the Issuer Company for such payment unless applicable abandoned property law designates another Person and all liability of the Trustee and Paying Agent shall cease. Other than as set forth in this paragraph, this Indenture does not provide for any prescription period for the payment of principal, premium (if any), interest or and Additional Interest (if any) on the Notes.

Appears in 1 contract

Samples: Permar Systems, Inc.

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Unclaimed Money; Prescription. If money deposited ----------------------------- with the Trustee or any Paying Agent for the payment of principal, premium (if any), interest or Additional Interest (if any) remains unclaimed for two years, the Trustee and such Paying Agent shall, upon written request of the IssuerCompany, pay such money back to the IssuerCompany. Following such repayment to the IssuerCompany, Holders of the Notes entitled to such payment must look to the Issuer Company for such payment unless applicable abandoned property law designates desig- nates another Person and all liability of the Trustee and Paying Agent shall cease. Other than as set forth in this paragraph, this Indenture does not provide for any prescription period for the payment of principal, premium (if any), interest or and Additional Interest (if any) on the Notes.. ARTICLE FOURTEEN

Appears in 1 contract

Samples: Manitowoc Co Inc

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