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 other than an Event of Default under subparagraph (3) of Section 6.01 shall have occurred and be continuing, all interest allowed on any such moneys shall be paid 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.

Moneys Held by Trustee or Paying Agent. Subject to Sections 12.02 12.03 and 12.0312.04, all moneys received by the Trustee or any Paying Agent shallAgent, 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 with respect to Securities of any series other than an Event of Default under subparagraph (3d) of Section 6.01 6.01, shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon a Company Orderthe written order of the Company, signed by the Chairman of the Board, the President or any Vice President or its Treasurer or its Controller or its Secretary or an Assistant Secretary. The provisions of this Section 7.05 7.04 shall not apply to the Company acting as its own Paying Agent pursuant to subparagraph (b) of Section 5.035.05.