Common use of Moneys to be Held in Trust Clause in Contracts

Moneys to be Held in Trust. Subject to the provisions of Section 11.04, all moneys received by the Debenture Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purpose for which they were received, but need not be segregated from other funds except to the extent required by law. The Debenture Trustee and any paying agent shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Corporation. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the Corporation, signed by an Officer thereof.

Appears in 12 contracts

Samples: Indenture (Nara Bancorp Inc), Indenture (Banknorth Capital Trust I), Indenture (Greater Bay Bancorp)

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Moneys to be Held in Trust. Subject to the provisions of Section 11.0412.04, all moneys received by the Debenture Trustee or any paying agent Paying Agent shall, until used or applied as herein provided, be held in trust for the purpose for which they were received, but need not be segregated from other funds except to the extent required by law. The Debenture Trustee and any paying agent Paying Agent shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the CorporationCompany. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys moneys, if any, shall be paid from time to time to the Company upon the written order of the CorporationCompany, signed by the Chairman of the Board of Directors, the President, the Chief Operating Officer, a Vice President, the Treasurer or an Officer thereofAssistant Treasurer of the Company.

Appears in 7 contracts

Samples: Indenture (Tib Financial Corp.), Indenture (American Safety Insurance Group LTD), Hf Financial Corp

Moneys to be Held in Trust. Subject to the provisions of Section 11.04, all moneys received by the Debenture Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purpose for which they were received, but need not be segregated from other funds except to the extent required by law. The Debenture Trustee and any paying agent shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Corporation. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the Corporation, signed by the Chairman of the Board of Directors, the President or a Vice President or the Treasurer or an Officer thereofAssistant Treasurer of the Corporation.

Appears in 3 contracts

Samples: Indenture (American Home Mortgage Investment Corp), Indenture (Commerce Capital Trust Ii), Indenture (Webster Capital Trust Ii)

Moneys to be Held in Trust. Subject to the provisions of Section 11.0412.04, all moneys received by the Debenture Trustee or any paying agent Paying Agent shall, until used or applied as herein provided, be held in trust for the purpose for which they were received, but need not be segregated from other funds except to the extent required by law. The Debenture Trustee and any paying agent Paying Agent shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Corporation. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the Corporation, signed by an Officer thereof.

Appears in 3 contracts

Samples: Indenture (Flushing Financial Corp), Indenture (Flushing Financial Corp), Indenture (State Bancorp Inc)

Moneys to be Held in Trust. Subject to the provisions of Section 11.04, all moneys received by the Debenture Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purpose for which they were received, but need not be segregated from other funds except to the extent required by law. The Debenture Trustee and any paying agent shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the CorporationCompany. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the CorporationCompany, signed by an Officer thereof.

Appears in 3 contracts

Samples: Indenture (New York Community Bancorp Inc), Indenture (New York Community Bancorp Inc), Indenture (Commerce Bancorp Inc /Nj/)

Moneys to be Held in Trust. Subject to the provisions of Section 11.04, all moneys received by the Debenture Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purpose for which they were received, but need not be segregated from other funds except to the extent required by law. The Debenture Trustee and any paying agent shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the CorporationCompany. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the CorporationCompany, signed by an Officer thereofany Authorized Officer.

Appears in 2 contracts

Samples: Indenture (Bank of America Corp /De/), Indenture (Bank of America Corp /De/)

Moneys to be Held in Trust. Subject to the provisions of Section 11.0411.4, all moneys received by the Debenture Debt Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purpose for which they were received, but need not be segregated from other funds except to the extent required by law. The Debenture Debt Trustee and any paying agent shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Corporation. So long as no Event of Default with respect to a series of Securities shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the Corporation, signed by an Officer thereofthe Chairman of the Board of Directors, the President, any Vice President, the Treasurer or any Assistant Treasurer of the Corporation.

Appears in 2 contracts

Samples: Indenture (General Motors Capital Trust D), Indenture (General Motors Corp)

Moneys to be Held in Trust. Subject to the provisions of Section 11.0411.4, all moneys received by the Debenture Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purpose for which they were received, but need not be segregated from other funds except to the extent required by law. The Debenture Trustee and any paying agent shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Corporation. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the Corporation, signed by an Officer thereof.

Appears in 2 contracts

Samples: Indenture (CNBF Capital Trust I), Indenture (Valley National Bancorp)

Moneys to be Held in Trust. Subject to the provisions of Section 11.04, all moneys received by the Debenture Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purpose for which they were received, but need not be segregated from other funds except to the extent required by law. The Debenture Trustee and any paying agent shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Corporation. So long as no Debenture Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the Corporation, signed by the Chairman of the Board of Directors, the President or a Vice President or the Treasurer or an Officer thereofAssistant Treasurer of the Corporation.

Appears in 2 contracts

Samples: Satisfaction And (Mainstreet Bankgroup Inc), Mainstreet Bankgroup Inc

Moneys to be Held in Trust. Subject to the provisions of Section 11.0411.4, all moneys received by the Debenture Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purpose for which they were received, but need not be segregated from other funds except to the extent required by law. The Debenture Trustee and any paying agent shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the CorporationCompany. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the CorporationCompany, signed by an Officer thereofOfficer.

Appears in 1 contract

Samples: Mmi Companies Inc

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Moneys to be Held in Trust. Subject to the provisions of Section 11.04, all moneys received by the Debenture Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purpose for which they were received, but need not be segregated from other funds except to the extent required by law. The Debenture Trustee and any paying agent shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the CorporationCompany. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the Corporation, signed by an Officer thereof.written

Appears in 1 contract

Samples: Indenture (Ml Bancorp Inc)

Moneys to be Held in Trust. Subject to the provisions of Section 11.0412.04 hereof, all moneys received by the Debenture Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purpose purposes for which they were received, but need not be segregated from other funds except to the extent required by law. The Debenture Neither the Trustee and nor any paying agent shall be under no any liability for interest on any money moneys received by it hereunder except such as otherwise agreed in writing it may agree with the CorporationCompany to pay thereon. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the CorporationCompany, signed by an Officer thereofits Chairman of the Board of Directors or its President or any Executive Vice President or any Vice President or its Treasurer or any Assistant Treasurer. SECTION 7.06.

Appears in 1 contract

Samples: Indenture (Trinova Corp)

Moneys to be Held in Trust. Subject to the provisions of Section 11.04, all moneys received by the Debenture Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purpose for which they were received, but need not be segregated from other funds except to the extent required by law. The Debenture Trustee and any paying agent shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the CorporationCompany . So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the CorporationCompany, signed by an Officer thereof.by

Appears in 1 contract

Samples: Indenture (Mercantile Bancorporation Inc)

Moneys to be Held in Trust. Subject to the provisions of Section 11.0412.04 hereof, all moneys received by the Debenture Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purpose purposes for which they were received, but need not be segregated from other funds except to the extent required by law. The Debenture Neither the Trustee and nor any paying agent shall be under no any liability for interest on any money moneys received by it hereunder except such as otherwise agreed in writing it may agree with the CorporationCompany to pay thereon. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the CorporationCompany, signed by an Officer thereofits Chairman of the Board of Directors or its President or any Executive Vice President or any Vice President or its Treasurer or any Assistant Treasurer.

Appears in 1 contract

Samples: Indenture (Aeroquip-Vickers Inc)

Moneys to be Held in Trust. Subject to the provisions of Section 11.04, all moneys received by the Debenture Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purpose for which they were received, but need not be segregated from other funds except to the extent required by law. The Debenture Trustee and any paying agent shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the CorporationCompany . So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the CorporationCompany, signed by an Officer thereofof the Company.

Appears in 1 contract

Samples: Indenture (Leucadia Capital Trust I)

Moneys to be Held in Trust. Subject to the provisions of Section 11.0413.04, all moneys received by the Debenture Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purpose purposes for which they were received, but need not be segregated from other funds except to the extent required by law. The Debenture Neither the Trustee and nor any paying agent shall be under no any liability for interest on any money moneys received by it hereunder except such as otherwise agreed in writing it may agree with the CorporationCompany to pay thereon. So long as no Event of Default with respect to the Securities shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the CorporationCompany, signed by its President, its Chief Financial Officer, any Vice President, its Treasurer or an Officer thereofAssistant Treasurer.

Appears in 1 contract

Samples: Cincinnati Financial Corp

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