Unclaimed Funds. Subject to any applicable escheat laws, if funds for the payment of principal or interest remain unclaimed for two years, the Trustee and the Paying Agent will repay the funds to the Company at its request. After that, all liability of the Trustee and such Paying Agent with respect to such funds shall cease.
Appears in 5 contracts
Samples: Second Supplemental Indenture (Tenneco Inc), First Supplemental Indenture (Tenneco Inc), Indenture (Tenneco Inc)
Unclaimed Funds. Subject to any applicable escheat laws, if funds for the payment of principal or interest remain unclaimed for two years, the Trustee and the Paying Agent will repay the funds to the Company Issuer at its written request. After that, all liability of the Trustee and such Paying Agent with respect to such funds shall cease.
Appears in 4 contracts
Samples: Indenture (Dana Inc), Dana Inc, Indenture (Dana Inc)
Unclaimed Funds. Subject to any applicable escheat laws, if funds for the payment of principal or interest remain unclaimed for two years, the Trustee and the Paying Agent will repay the funds to the Company at its written request. After that, all liability of the Trustee and such Paying Agent with respect to such funds shall cease.
Appears in 4 contracts
Unclaimed Funds. Subject to any applicable escheat and abandoned property laws, if funds for the payment of principal or interest remain unclaimed for two years, the Trustee and the Paying Agent will repay the funds to the Company at its request. After that, all liability of the Trustee and such Paying Agent with respect to such funds shall cease.
Appears in 3 contracts
Samples: Indenture (Bway Corp), Indenture (BWAY Holding CO), Bway Corp
