Common use of Money Held in Trust Clause in Contracts

Money Held in Trust. Money held by the Trustee or the Paying Agent in trust hereunder need not be segregated from other funds except to the extent required herein or by law and neither the Trustee nor the Paying Agent shall have any liability for interest upon any such moneys except as provided for herein.

Appears in 70 contracts

Samples: Assignment and Assumption Agreement (Jetblue Airways Corp), Assignment and Assumption Agreement (Jetblue Airways Corp), Trust Agreement (Jetblue Airways Corp)

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Money Held in Trust. Money in any Currency held by the Trustee or the any Paying Agent in trust hereunder need not be segregated from other funds except to the extent required herein or by law and neither law. Neither the Trustee nor the any Paying Agent shall have be under any liability for interest upon on any such moneys money received by it hereunder except as provided for hereinotherwise agreed with the Company.

Appears in 29 contracts

Samples: Indenture (Harrahs Entertainment Inc), Scotts Miracle-Gro Co, Magnum Hunter Resources Inc

Money Held in Trust. Money held by the Trustee or the any Paying Agent in trust hereunder need not be segregated from other funds except to the extent required herein by law. The Trustee or by law and neither the Trustee nor the any Paying Agent shall have any be under no liability for interest upon on any such moneys money received by it hereunder except as provided for hereinotherwise agreed with the Company.

Appears in 19 contracts

Samples: Subordinated Indenture (Knoll Inc), Senior Indenture (Gsi Commerce Inc), Senior Indenture (Knoll Inc)

Money Held in Trust. Money held by the Trustee or the Paying Agent in trust hereunder need not be segregated from other trust funds except to the extent required herein or required by law and neither the law. The Trustee nor the Paying Agent shall have any be under no liability for interest upon on any such moneys money received by it hereunder except as provided for hereinotherwise agreed with the Sponsor and except to the extent of income or other gain on investments which are deposits in or certificates of deposit of the Trustee in its commercial capacity and income or other gain actually received by the Trustee on Eligible Investments.

Appears in 13 contracts

Samples: Pooling and Servicing Agreement (Advanta Mortgage Loan Trust 1996-4), Pooling and Servicing Agreement (Advanta Mortgage Conduit Services Inc), Pooling and Servicing Agreement (Advanta Mortgage Loan Trust 2000-1)

Money Held in Trust. Money in any currency held by the Trustee or the any Paying Agent in trust hereunder need not be segregated from other funds except to the extent required herein or by law and neither law. Neither the Trustee nor the any Paying Agent shall have be under any liability for interest upon on any such moneys money received by it hereunder except as provided for hereinotherwise agreed with the Company.

Appears in 8 contracts

Samples: Indenture (Scotts Miracle-Gro Co), Scotts Miracle-Gro Co, Scotts Miracle-Gro Co

Money Held in Trust. Money in any currency held by the Trustee or the any Paying Agent in trust hereunder need not be segregated from other funds except to the extent required herein or by law and neither law. Neither the Trustee nor the any Paying Agent shall have be under any liability for interest upon on any such moneys money received by it hereunder except as provided for hereinotherwise agreed in writing with the Company.

Appears in 8 contracts

Samples: Indenture (MGM Mirage), Indenture (Ramparts, Inc.), Indenture (MGM Mirage)

Money Held in Trust. Money held by the Certificate Trustee or the Paying Agent in trust hereunder need not be segregated from other funds except to the extent required herein or by law and neither the Certificate Trustee nor the Paying Agent shall have any liability for interest upon any such moneys except as provided for herein.

Appears in 6 contracts

Samples: Indenture (Bec Funding LLC), Certificate Indenture (Wmeco Funding LLC), Wmeco Funding LLC

Money Held in Trust. Money held by the Trustee or the Paying Agent in trust hereunder (including amounts held by the Trustee as Paying Agent) need not be segregated from other funds except to the extent required herein or by law and neither the law. The Trustee nor the Paying Agent shall have any be under no liability for interest upon on any such moneys money received by it hereunder except as provided for hereinotherwise agreed upon in writing with the Issuer.

Appears in 4 contracts

Samples: Indenture (Nexen Inc), Indenture (Cnooc LTD), Indenture (Nexen Inc)

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Money Held in Trust. Money held by the Trustee or the Paying Agent in trust hereunder need not be segregated from other trust funds except to the extent required herein or required by law and neither the Law. The Trustee nor the Paying Agent shall have any be under no liability for interest upon on any such moneys money received by it hereunder except as provided for hereinotherwise agreed with the Depositor and except to the extent of income or other gain on investments which are deposits in or certificates of deposit of the Trustee in its commercial capacity.

Appears in 3 contracts

Samples: Master Servicing and Trust Agreement (Gs Mortgage Securities Corp Gsamp Trust 2004-Sea1), Trust and Servicing Agreement (Gs Mortgage Sec Corp Mort Pass THR Cert Ser 2003-1), Trust and Servicing Agreement (Gs Mortgage Securities Corp)

Money Held in Trust. Money Except as provided in Section 1.15, money held by the Trustee or the any Paying Agent in trust hereunder need not be segregated from other funds except to the extent required herein by law. The Trustee or by law and neither the Trustee nor the any Paying Agent shall have any be under no liability for interest upon on any such moneys money received by it hereunder except as provided for hereinotherwise agreed with the Company.

Appears in 2 contracts

Samples: Apex Silver Mines LTD, Apex Silver Mines LTD

Money Held in Trust. Money held by the Trustee or the any Paying Agent in trust hereunder need not be segregated from other funds except to the extent required herein or by law and neither law. Neither the Trustee nor the any Paying Agent shall have be under any liability for interest upon on any such moneys money received by it hereunder except as provided for hereinotherwise set forth in this Indenture or as otherwise agreed with the Company or the Guarantor.

Appears in 2 contracts

Samples: Indenture (Northwest Airlines Inc /Mn), Northwest Airlines Inc /Mn

Money Held in Trust. Money held by the Trustee or the Paying Administrative Agent in trust hereunder need not be segregated from other funds of such Person, except to the extent required herein or by law and neither or this Indenture. Neither the Trustee nor the Paying Administrative Agent shall have be under any liability for interest upon on any such moneys money received by it hereunder except as provided for hereinotherwise agreed in writing with the Issuer.

Appears in 1 contract

Samples: Master Trust Indenture and Security Agreement (Stone Container Corp)

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