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

Moneys to be Held in Trust. All moneys deposited with the Trustee under this Agreement (other than amounts received for its own use) shall be held by the Trustee in trust and applied subject to the provisions of this Agreement, but need not be segregated from other funds except as required herein or by law.

Appears in 6 contracts

Samples: Assumption Agreement (North Atlantic Energy Corp /Nh), Loan and Trust Agreement (Northeast Utilities System), Loan and Trust Agreement (Northeast Utilities System)

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Moneys to be Held in Trust. All moneys required or permitted to be deposited with or paid to the Trustee under any provisions of this Trust Agreement (other than amounts received for its own use) or the Facilities Agreement, and any investments thereof, shall be held by the Trustee in trust and applied trust. Except for moneys held by the Trustee pursuant to Section 5.8 hereof, all moneys described in the preceding sentence held by the Trustee shall be subject to the provisions lien of this Agreement, but need not be segregated from other funds except as required herein or by lawTrust Agreement while so held.

Appears in 5 contracts

Samples: Trust Agreement, Trust Agreement, Trust Agreement

Moneys to be Held in Trust. All moneys deposited with the Trustee Trustee-under this Agreement (other than amounts received for its own use) shall be held by the Trustee in trust and applied subject to the provisions of this Agreement, but need not be segregated from other funds except as required herein or by law.. (b)

Appears in 1 contract

Samples: Loan and Trust Agreement (National Grid Transco PLC)

Moneys to be Held in Trust. All moneys required or permitted to be deposited with or paid to the Trustee under any provisions of this Trust Agreement (other than amounts received for its own use) or the Purchase and Use Agreement, and any investments thereof, shall be held by the Trustee in trust and applied trust. Except for moneys held by the Trustee pursuant to Section 5.9 hereof, all moneys described in the preceding sentence held by the Trustee shall be subject to the provisions lien of this Agreement, but need not be segregated from other funds except as required herein or by lawTrust Agreement while so held.

Appears in 1 contract

Samples: Trust Agreement

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Moneys to be Held in Trust. All moneys deposited with the Trustee under this Agreement (and any other than amounts assets received for its own use) shall be held by the Trustee pursuant to this Agreement shall, until used or applied as herein provided (including payment of moneys to the Company under Section 3.04), be held in trust for the purposes for which they were received, and applied subject to the provisions of this Agreement, but need not be segregated from other funds except funds. The Trustee shall be under no liability for interest on any moneys received by it hereunder other than such interest as required herein or by lawit expressly agrees to pay.

Appears in 1 contract

Samples: Trust and Security Agreement (Transamerican Refining Corp)

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