Common use of Return of Unclaimed Moneys Clause in Contracts

Return of Unclaimed Moneys. Any moneys deposited with or paid to the Trustee or any paying agent for payment of the principal of, and premium, if any, or interest on Debentures and not applied but remaining unclaimed by the holders of Debentures for 2 years after the date upon which the principal of, and premium, if any, or interest on such Debentures, as the case may be, shall have become due and payable, shall, subject to applicable escheatment laws, be repaid to the Company by the Trustee or such paying agent on written demand; and the holder of any of the Debentures shall thereafter look only to the Company for any payment which such holder may be entitled to collect, and all liability of the Trustee or such paying agent with respect to such moneys shall thereupon cease.

Appears in 67 contracts

Samples: Indenture (ACA Capital Holdings Inc), Indenture (James River Group, INC), Indenture (MortgageIT Holdings, Inc.)

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Return of Unclaimed Moneys. Any moneys deposited with or paid to the Trustee or any paying agent for payment of the principal of, and of or premium, if any, or interest on Debentures Securities and not applied but remaining unclaimed by the holders of Debentures Securities for 2 two years after the date upon which the principal of, and of or premium, if any, or interest on such DebenturesSecurities, as the case may be, shall have become due and payable, shall, subject to applicable escheatment laws, shall be repaid to the Company by the Trustee or such paying agent on written demand; and the holder of any of the Debentures Securities shall thereafter look only to the Company for any payment which such holder may be entitled to collect, collect and all liability of the Trustee or such paying agent with respect to such moneys shall thereupon cease.

Appears in 19 contracts

Samples: Indenture (New South Capital Trust I), Indenture (New South Capital Trust I), Indenture (Webster Financial Corp)

Return of Unclaimed Moneys. Any moneys deposited with or paid to the Trustee or any paying agent for payment of the principal of, and premium, if any, of or any premium or interest on Debentures any Securities and not applied but remaining unclaimed by the holders Holders of Debentures such Securities for 2 two years after the date upon which the principal of, and premium, if any, of or any premium or interest on such DebenturesSecurities, as the case may be, shall have become due and payable, shall, subject to applicable escheatment laws, shall be repaid to the Company by the Trustee or such paying agent on written demanddemand by an Authorized Agent, and all liability of the Trustee shall thereupon cease; and the holder any Holder of any of the Debentures such Securities shall thereafter look only to the Company for any payment which such holder Holder may be entitled to collect, and all liability of the Trustee or such paying agent with respect to such moneys shall thereupon cease.

Appears in 6 contracts

Samples: Indenture (Northern States Power Co /Wi/), Indenture (Northern States Power Co /Mn/), Indenture (Northern States Power Co /Wi/)

Return of Unclaimed Moneys. Any moneys deposited with or paid -------------------------- to the Trustee or any paying agent for payment of the principal of, and premium, if any, or interest on Debentures and not applied but remaining unclaimed by the holders of Debentures for 2 years after the date upon which the principal of, and premium, if any, or interest on such Debentures, as the case may be, shall have become due and payable, shall, subject to applicable escheatment laws, be repaid to the Company by the Trustee or such paying agent on written demand; and the holder of any of the Debentures shall thereafter look only to the Company for any payment which such holder may be entitled to collect, and all liability of the Trustee or such paying agent with respect to such moneys shall thereupon cease.

Appears in 6 contracts

Samples: Indenture (Alabama National Bancorporation), Indenture (Florida Banks Inc), Indenture (Florida Banks Inc)

Return of Unclaimed Moneys. Any moneys deposited with or -------------------------- paid to the Trustee or any paying agent for payment of the principal of, and premium, if any, or interest on Debentures and not applied but remaining unclaimed by the holders of Debentures for 2 years after the date upon which the principal of, and premium, if any, or interest on such Debentures, as the case may be, shall have become due and payable, shall, subject to applicable escheatment laws, be repaid to the Company by the Trustee or such paying agent on written demand; and the holder of any of the Debentures shall thereafter look only to the Company for any payment which such holder may be entitled to collect, and all liability of the Trustee or such paying agent with respect to such moneys shall thereupon cease.

Appears in 6 contracts

Samples: Indenture (First Banks, Inc), Indenture (First Banks, Inc), Indenture (First Banks, Inc)

Return of Unclaimed Moneys. Any moneys deposited with or paid to the Trustee or any paying agent Paying Agent for payment of the principal of, and premium, if any, or interest on Debentures Debt Securities and not applied but remaining unclaimed by the holders of Debentures Debt Securities for 2 two years after the date upon which the principal of, and premium, if any, or interest on such DebenturesDebt Securities, as the case may be, shall have become due and payable, shall, subject to applicable escheatment laws, shall be repaid to the Company by the Trustee or such paying agent Paying Agent on written demand; and the holder of any of the Debentures Debt Securities shall thereafter look only to the Company for any payment which such holder may be entitled to collect, collect and all liability of the Trustee or such paying agent Paying Agent with respect to such moneys shall thereupon cease.

Appears in 4 contracts

Samples: Indenture (Tib Financial Corp.), Employment Agreement (Columbia Bancorp \Or\), Indenture (QCR Holdings Inc)

Return of Unclaimed Moneys. Any moneys deposited with or paid to the Trustee or any paying agent for payment of the principal of, of or interest (including Compounded Interest and premiumAdditional Sums, if any, or interest ) on Debentures of any series and not applied but remaining unclaimed by the holders of Debentures for 2 two years after the date upon which the principal of, of or interest (including Compounded Interest and premiumAdditional Sums, if any, or interest ) on such Debentures, as the case may be, shall have become due and payable, shall, subject to applicable escheatment laws, shall be repaid to the Company by the Trustee or such paying agent on written demandagent; and the holder of any of the Debentures shall thereafter look only to the Company for any payment which such holder may be entitled to collect, collect and all liability of the Trustee or such paying agent with respect to such moneys shall thereupon cease.

Appears in 3 contracts

Samples: Indenture (New York Community Bancorp Inc), Indenture (New York Community Bancorp Inc), Indenture (Commerce Bancorp Inc /Nj/)

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Return of Unclaimed Moneys. Any moneys deposited with or paid to the Trustee or any paying agent for payment of the principal of, and premium, if any, ; or interest on Debentures and not applied but remaining unclaimed by the holders of Debentures for 2 years after the date upon which the principal of, and premium, if any, or interest on such Debentures, as the case may be, shall have become due and payable, shall, subject to applicable escheatment laws, be repaid to the Company by the Trustee or such paying agent on written demand; and the holder of any of the Debentures shall thereafter look only to the Company for any payment which such holder may be entitled to collect, and all liability of the Trustee or such paying agent with respect to such moneys shall thereupon cease.

Appears in 1 contract

Samples: Tib Financial Corp.

Return of Unclaimed Moneys. Any moneys deposited with or paid to the Trustee or any paying agent for payment of the principal of, and premium, if any, or interest on Debentures and not applied but remaining unclaimed by the holders of Debentures for 2 years after the date upon which the principal of, and premium, if any, or interest on such Debentures, as the case may be, shall have become due and payable, shall, subject to applicable escheatment laws, be repaid to the Company by the Trustee or such paying agent on written demand; and the holder of any of the Debentures shall thereafter look only to the Company for any payment which such holder may be entitled to collect, and all liability of the Trustee or such paying agent with respect to such moneys shall thereupon cease.. IMMUNITY OF INCORPORATORS, STOCKHOLDERS,

Appears in 1 contract

Samples: Indenture (Southern Heritage Bancorp Inc)

Return of Unclaimed Moneys. Any moneys deposited with or paid to the Trustee or any paying agent for payment of the principal of, and premium, if any, or interest on Debentures and not applied but remaining unclaimed by the holders of Debentures for 2 years after the date upon which the principal of, and premium, if any, or interest on such Debentures, as the case may be, shall have become due and payable, shall, subject to applicable escheatment laws, be repaid to the Company Bank by the Trustee or such paying agent on written demand; and the holder of any of the Debentures shall thereafter look only to the Company Bank for any payment which such holder may be entitled to collect, and all liability of the Trustee or such paying agent with respect to such moneys shall thereupon cease.

Appears in 1 contract

Samples: Union National Financial Corp / Pa

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