Common use of Held in Trust Clause in Contracts

Held in Trust. All moneys received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by mandatory provisions of law. Except for funds or securities deposited with the Trustee pursuant to Article Four, the Trustee shall be required to invest all moneys received by the Trustee, until used or applied as herein provided, in Temporary Cash Investments in accordance with the written directions of the Company.

Appears in 2 contracts

Samples: Jo-Ann Stores Inc, Fca of Ohio Inc

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Held in Trust. All moneys received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by mandatory provisions of law. Except for funds or securities deposited with the Trustee pursuant to Article FourTwelve, the Trustee shall be required to invest all moneys received by the Trustee, until used or applied as herein provided, in Temporary Cash Investments Equivalents upon receipt of, and in accordance with with, the specific written directions of the CompanyIssuer.

Appears in 2 contracts

Samples: Indenture (Us Industries Inc), Millennium Chemicals Inc

Held in Trust. All moneys received Money held by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but hereunder need not be segregated from other funds except to the extent required by mandatory provisions of law. Except for funds or securities deposited with the Trustee pursuant to Article FourFourteen, the Trustee shall be required to invest all moneys received by the Trustee, until used or applied as herein provided, in Temporary Cash Investments Equivalents upon receipt of, and in accordance with the with, specific written directions instructions of the CompanyCompanies.

Appears in 1 contract

Samples: Us Industries Inc /De

Held in Trust. All moneys received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by mandatory provisions of law. Except for funds or securities deposited with the Trustee pursuant to Article Four, the Trustee shall be required to invest all moneys received by the Trustee, until used or applied as herein provided, in Temporary Cash Investments in accordance with the written directions of the CompanyIssuer.

Appears in 1 contract

Samples: Intercompany Loan Agreement (Lucite International Finance PLC)

Held in Trust. All moneys received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by mandatory provisions of law. Except for funds or securities deposited with the Trustee pursuant to Article Four, the Trustee shall be required to invest all moneys received by the Trustee, until used or applied as herein provided, in Temporary Cash Investments in accordance with the written directions of the CompanyIssuers.

Appears in 1 contract

Samples: Lower Road Associates LLC

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Held in Trust. All moneys received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by mandatory provisions of law. Except for funds or securities deposited with the Trustee pursuant to Article Articles Four, Eleven and Twelve and Sections 1011 and 1012, the Trustee shall be required to invest all moneys received by the Trustee, until used or applied as herein provided, in Temporary Cash Investments Equivalents in accordance with the written directions of the Company.

Appears in 1 contract

Samples: Indenture (Mallard & Mallard of La Inc)

Held in Trust. All moneys received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by mandatory provisions of law. Except for funds or securities deposited with the Trustee pursuant to Article Four, the Trustee shall be required to invest all moneys received by the Trustee, until used or applied as herein provided, in Temporary Cash Investments Equivalents in accordance with the specific written directions of the Company.

Appears in 1 contract

Samples: Buckeye Technologies Inc

Held in Trust. All moneys received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by mandatory provisions of law. Except for funds or securities deposited with the Trustee pursuant to Article Articles Four, Eleven and Twelve and Sections 1013 and 1016, the Trustee shall be required to invest all moneys received by the Trustee, until used or applied as herein provided, in Temporary Cash Investments in accordance with the written directions of the Company.

Appears in 1 contract

Samples: Indenture (Tri R of Orlando Inc)

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