Common use of Moneys Held by Trustee or Paying Agent Clause in Contracts

Moneys Held by Trustee or Paying Agent. Subject to Sections 12.02 and 12.03, all moneys received by the Trustee or any Paying Agent 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 law. Neither the Trustee nor any Paying Agent shall be under any liability for interest on any moneys received by it hereunder except such as it may agree with the Company to pay thereon. So long as no Event of Default shall have occurred and be continuing, all interest earned on such moneys shall be paid to the Company from time to time upon a Company Order. The provisions of this Section 7.05 shall not apply to the Company acting as its own Paying Agent pursuant to Section 5.03.