Common use of Return of Unclaimed Moneys Clause in Contracts

Return of Unclaimed Moneys. Any moneys deposited with or paid to the Debenture Trustee or any paying agent for payment of the principal of (or premium, if any) or interest (including Compounded Interest and Additional Sums, if any) or Liquidated Damages, if any, on Securities and not applied but remaining unclaimed by the holders of Securities for two years after the date upon which the principal of (or premium, if any) or interest (including Compounded Interest and Additional Sums, if any) or Liquidated Damages, if any, on such Securities, as the case may be, shall have become due and payable, shall be repaid to the Corporation by the Debenture Trustee or such paying agent; and the holder of any of the Securities shall thereafter look only to the Corporation for any payment which such holder may be entitled to collect and all liability of the Debenture Trustee or such paying agent with respect to such moneys shall thereupon cease.

Appears in 4 contracts

Samples: Indenture (Interwest Bancorp Inc), Indenture (Reliance Capital Trust I), Indenture (Telebanc Capital Trust I)

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Return of Unclaimed Moneys. Any moneys deposited with or paid to the Debenture Trustee or any paying agent for payment of the principal of (or premium, if any) or interest (including Compounded Interest and Additional Sums, if any) or Liquidated Damages, if any, on Securities Junior Subordinated Debentures and not applied but remaining unclaimed by the holders of Securities Junior Subordinated Debentures for two years after the date upon which the principal of (or premium, if any) or interest (including Compounded Interest and Additional Sums, if any) or Liquidated Damages, if any, on such SecuritiesJunior Subordinated Debentures, as the case may be, shall have become due and payable, shall be repaid to the Corporation by the Debenture Trustee or such paying agentagent on written demand; and the holder of any of the Securities Junior Subordinated Debentures shall thereafter look only to the Corporation for any payment which such holder may be entitled to collect and all liability of the Debenture Trustee or such paying agent with respect to such moneys shall thereupon cease.

Appears in 2 contracts

Samples: Satisfaction And (Mainstreet Bankgroup Inc), Mainstreet Bankgroup Inc

Return of Unclaimed Moneys. Any moneys deposited with or paid to the Debenture Trustee or any paying agent for payment of the principal of (or premium, if any) or interest (including Compounded Interest and Additional Sums, if any) or Liquidated Damages, if any, on Securities and not applied but remaining unclaimed by the holders of Securities for two years after the date upon which the principal of (or premium, if any) or interest (including Compounded Interest and Additional Sums, if any) or Liquidated Damages, if any, on such Securities, as the case may be, shall have become due and payable, shall be repaid to the Corporation by the Debenture Trustee or such paying agent; and the holder of any of the Securities shall thereafter look only to the Corporation for any payment which such holder may be entitled to collect and all liability of the Debenture Trustee or such paying agent with respect to such moneys shall thereupon cease.

Appears in 2 contracts

Samples: Indenture (Greater Bay Bancorp), Indenture (CNBF Capital Trust I)

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

Appears in 1 contract

Samples: Indenture (Haven Capital Trust I)

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Return of Unclaimed Moneys. Any moneys deposited with or paid to the Debenture Trustee or any paying agent for payment of the principal of (or premium, if any) or interest (including Compounded Interest and Additional Sums, if any) or Liquidated Damages, if any, on Securities and not applied but remaining unclaimed -50- 57 by the holders of Securities for two years after the date upon which the principal of (or premium, if any) or interest (including Compounded Interest and Additional Sums, if any) or Liquidated Damages, if any, on such Securities, as the case may be, shall have become due and payable, shall be repaid to the Corporation by the Debenture Trustee or such paying agent; and the holder of any of the Securities shall thereafter look only to the Corporation for any payment which such holder may be entitled to collect and all liability of the Debenture Trustee or such paying agent with respect to such moneys shall thereupon cease.

Appears in 1 contract

Samples: Indenture (Bfoh Capital Trust I)

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