Common use of Money Held in Trust Clause in Contracts

Money 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 herein or by law. The Trustee shall not be under any liability for interest on any moneys received by it hereunder, except as the Trustee may agree with Alderwoods.

Appears in 8 contracts

Samples: Indenture (Alderwoods Group Inc), Indenture (Loewen Group International Inc), Indenture (Loewen Group International Inc)

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Money Held in Trust. All moneys Subject to the provisions of Section 13.5, all money 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 herein or by law. The Trustee shall not be under any no liability for interest on any moneys money received by it hereunder, hereunder except such as the Trustee it may agree with Alderwoodsthe Company to pay thereon.

Appears in 7 contracts

Samples: First Busey Statutory Trust V, Team Financial Capital Trust I, First Preferred Capital Trust Ii

Money Held in Trust. All moneys received by the Trustee shall, until used or applied as herein provided, be held in trust hereunder for the purposes for which they were received, but need not be segregated from other funds except to the extent required herein or by law. The Trustee shall not be under any no liability for interest on any moneys money received by it hereunder, hereunder except as otherwise agreed in writing with the Trustee may agree with AlderwoodsIssuers.

Appears in 5 contracts

Samples: Mediacom Broadband (Mediacom Broadband Corp), Mediacom Broadband (Mediacom Broadband Corp), Mediacom Capital Corp

Money Held in Trust. All Subject to the provisions of Section 1003 hereof, 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 herein or by law. The Trustee shall not be under any no liability for interest on any moneys money received by it hereunder, hereunder except as otherwise agreed in writing with the Trustee may agree with AlderwoodsCompany.

Appears in 4 contracts

Samples: Indenture (Neiman Marcus Group Inc), Baker Hughes Inc, Baker Hughes Inc

Money 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 herein or by law. The Trustee shall not be under any liability for interest on any moneys received by it hereunder, except as the Trustee may agree with AlderwoodsLGII.

Appears in 4 contracts

Samples: Indenture (Loewen Group Inc), Loewen Group Inc, Loewen Group International Inc

Money 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 herein or by mandatory provisions of law. The Except for funds or securities deposited with the Trustee pursuant to Article IV, the Trustee shall not be under any liability for interest on any required to invest all moneys received by it hereunderthe Trustee, except until used or applied as herein provided, in Cash Equivalents in accordance with the Trustee may agree with Alderwoodsdirections of the Company.

Appears in 4 contracts

Samples: Indenture (Park Place Entertainment Corp), Security Agreement (Park Place Entertainment Corp), Park Place Entertainment Corp

Money 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 herein or by mandatory provisions of law. The Except for funds or securities deposited with the Trustee pursuant to Article Four, the Trustee shall not be under any liability for interest on any required to invest all moneys received by it hereunderthe Trustee, except until used or applied as herein provided, in Cash Equivalents in accordance with the Trustee may agree with Alderwoodswritten directions of the Company.

Appears in 3 contracts

Samples: Indenture (Sonic Automotive Inc), Sonic Automotive Inc, Oxford Industries Inc

Money 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 herein or by law. The Trustee shall not be under any liability for interest on any moneys received by it hereunder, except as it may otherwise agree in writing, in its discretion, with the Trustee may agree with AlderwoodsCompany.

Appears in 2 contracts

Samples: Indenture (Leiner Health Products Inc), Indenture (Leiner Health Products Inc)

Money Held in Trust. All moneys money received by the Trustee shall, until used or applied as herein provided, be held in trust hereunder for the purposes for which they were received, but . Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required herein or by law. The Trustee shall not be under any no liability for interest on any moneys money received by it hereunder, hereunder except as otherwise agreed in writing with the Trustee may agree with AlderwoodsCompany.

Appears in 2 contracts

Samples: Indenture (Convergent Communications Inc /Co), Registration Rights Agreement (Supreme International Corp)

Money 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 herein or by mandatory provisions of law. The Trustee shall not be under any liability for interest on required to invest any moneys received by it hereunderthe Trustee, except as in accordance with the Trustee may agree with Alderwoodswritten directions of the Company.

Appears in 2 contracts

Samples: Loehmanns Holdings Inc, Loehmanns Holdings Inc

Money 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 herein or by law. The Trustee shall not be under any liability for interest on any moneys received by it hereunder, except as otherwise agreed in writing with the Trustee may agree with AlderwoodsCompany.

Appears in 2 contracts

Samples: Indenture (Best Built Inc), Atrium Corp

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Money 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 funds, except to the extent required herein or by mandatory provisions of law. The Trustee shall not be under any liability for interest on any moneys received by it hereunder, except as the Trustee may agree with Alderwoods.

Appears in 2 contracts

Samples: Indenture (Geo MCF Lp, LLC), Geo MCF Lp, LLC

Money 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 herein or by law. The Trustee shall not be under any liability for interest on any moneys received by it hereunder, except as the Trustee may agree with Alderwoods.required

Appears in 1 contract

Samples: Loewen Group International Inc

Money Held in Trust. All moneys received by the Trustee shall, until used or applied as herein provided, be held in trust hereunder for the purposes for which they were received, but need not be segregated from other funds except to the extent required herein or by law. The Trustee shall not be under any no liability for interest on any moneys money received by it hereunder, hereunder except as otherwise agreed in writing with the Trustee may agree with AlderwoodsCompany or any Subsidiary Notes Guarantor.

Appears in 1 contract

Samples: Indenture (Citadel License Inc)

Money 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 herein or by mandatory provisions of law. The Trustee shall not be under any no liability to the Company for interest on any moneys money received by it hereunder, hereunder except as otherwise agreed in writing with the Trustee may agree with AlderwoodsCompany.

Appears in 1 contract

Samples: Indenture (Bell Atlantic Corp)

Money 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 herein herein, or by law. The Trustee shall not be under any liability for interest on any moneys received by it hereunder, except as the Trustee may agree with AlderwoodsTLGI.

Appears in 1 contract

Samples: Loewen Group Inc

Money Held in Trust. All Subject to the provisions of Section 1203 hereof, 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 herein or by law. The Neither the Trustee nor any agent of the Company shall not be under any liability for interest on any moneys received by it hereunder, hereunder except as otherwise agreed with the Trustee may agree with AlderwoodsCompany.

Appears in 1 contract

Samples: Southern Peru LTD

Money 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 herein or by law. The Trustee shall not be under any no liability for interest on any moneys received by it hereunder, hereunder except such as the Trustee it may agree with Alderwoodsthe Company to pay thereon.

Appears in 1 contract

Samples: Marsh & McLennan Companies Inc

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