Common use of No Segregation of Moneys; No Interest Clause in Contracts

No Segregation of Moneys; No Interest. Except as otherwise provided herein or in written instructions from the Required Certificateholders, moneys received by the Delaware Trustee hereunder need not be segregated in any manner, except to the extent required by applicable law and Section 2.09 hereof, and may be deposited under such general conditions as may be prescribed by law, and neither the Trust Company nor the Delaware Trustee shall be liable for any interest thereon.

Appears in 19 contracts

Samples: Trust Agreement (Goal Capital Funding, LLC), Trust Agreement (Gmac Elf LLC), Trust Agreement (Nelnet Student Loan Funding LLC)

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No Segregation of Moneys; No Interest. Except as otherwise provided herein or in written instructions from the Required CertificateholdersSubject to Section 5.01, moneys received by the Delaware Trustee hereunder need not be segregated in any manner, manner except to the extent required by applicable law and Section 2.09 hereof, or the any Basic Document and may be deposited under such general conditions as may be prescribed by law, and neither the Trust Company nor the Delaware Trustee shall not be liable for any interest thereon.

Appears in 10 contracts

Samples: Trust Agreement (College Loan LLC), Trust Agreement (Collegiate Funding Services Education Loan Trust 2003-A), Trust Agreement (College Loan Corp Trust 2005-2)

No Segregation of Moneys; No Interest. Except as otherwise provided herein or in written instructions from the Required CertificateholdersSubject to Section 5.01 hereof, moneys received by the Delaware Trustee hereunder need not be segregated in any manner, manner except to the extent required by applicable law and law, Section 2.09 2.12 hereof, or any Basic Document and may be deposited under such general conditions as may be prescribed by law, and neither the Trust Company nor the Delaware Trustee shall not be liable for any interest thereon.

Appears in 7 contracts

Samples: Trust Agreement (Higher Education Funding I), Trust Agreement (Goal Capital Funding, LLC), Trust Agreement (Higher Education Funding I)

No Segregation of Moneys; No Interest. Except to the extent required by applicable law and Section 2.09 hereof or as otherwise provided herein or in written instructions from the Required Certificateholders, moneys received by the Delaware Trustee hereunder need not be segregated in any manner, except to the extent required by applicable law and Section 2.09 hereof, and may be deposited under such general conditions as may be prescribed by law, and neither the Trust Company nor the Delaware Trustee shall be liable for any interest thereon.

Appears in 6 contracts

Samples: Trust Agreement (Nelnet Student Loan Trust 2009-2), Trust Agreement (Nelnet Student Loan Trust 2008-4), Trust Agreement (Nelnet Student Loan Trust 2008-3)

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No Segregation of Moneys; No Interest. Except as otherwise provided herein or in written instructions from the Required CertificateholdersSubject to Section 5.01 hereof, moneys received by the Delaware Trustee hereunder need not be segregated in any manner, manner except to the extent required by applicable law and law, Section 2.09 2.12 hereof, or the any Basic Document and may be deposited under such general conditions as may be prescribed by law, and neither the Trust Company nor the Delaware Trustee shall not be liable for any interest thereon.

Appears in 3 contracts

Samples: Trust Agreement (College Loan Corp Trust I), Trust Agreement (College Loan Corp Trust I), Trust Agreement (College Loan Corp Trust I)

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