Monies Held in Trust. Subject to the provisions of Section 13.5, all monies received by the Trustee 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. The Trustee shall be under no liability for interest on any monies received by it hereunder except such as it may agree in writing with the Corporation to pay thereon.
Appears in 6 contracts
Samples: Indenture (American Community Bancshares Inc), Apab Capital Trust I, Southern Community Financial Corp
Monies Held in Trust. Subject to the provisions of Section 13.513.4, all monies received by the Trustee 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. The Trustee shall be under no liability for interest on any monies received by it hereunder except such as it may agree in writing with the Corporation Company to pay thereon.
Appears in 1 contract
Samples: Ncbe Capital Trust I
Monies Held in Trust. Subject to the provisions of Section 13.514.5, all monies received by the Trustee 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. The Trustee shall be under no liability for interest on any monies received by it hereunder except such as it may agree in writing with the Corporation to pay thereon.
Appears in 1 contract
Samples: Southern Community Capital Trust I
