No Segregation of Moneys; No Interest. No moneys or any other property received by the Collateral Agent hereunder need be segregated in any manner except to the extent required by law, and any such moneys or other Property may be deposited under such general conditions as may be prescribed by law applicable to the Collateral Agent, and the Collateral Agent shall not be liable for any interest thereon.
Appears in 4 contracts
Samples: Pledge Agreement (Cd Radio Inc), Security Agreement (Xm Satellite Radio Inc), Security Agreement (Xm Satellite Radio Inc)
No Segregation of Moneys; No Interest. No moneys or any other property received by the Collateral Agent hereunder need be segregated in any manner except to the extent required by law, and any such moneys or other Property property may be deposited under such general conditions as may be prescribed by law applicable to the Collateral Agent, and the Collateral Agent shall not be liable for any interest thereon.
Appears in 2 contracts
Samples: Pledge Agreement (Sirius Satellite Radio Inc), Pledge Agreement (Cd Radio Inc)
No Segregation of Moneys; No Interest. No moneys or any other property Property received by the Collateral Agent hereunder need be segregated in any manner except to the extent required by law, and any such moneys or other Property may be deposited under such general conditions as may be prescribed by law applicable to the Collateral Agent, and neither the Collateral Agent nor any Secured Creditor shall not be liable for any interest thereon, except as may otherwise be agreed by the Collateral Agent or such Secured Creditor.
Appears in 1 contract
Samples: Security Agreement (American Radio Systems Corp /Ma/)
No Segregation of Moneys; No Interest. No moneys or any other property Property received by the Collateral Agent hereunder need be segregated in any manner except to the extent required by law, and any such moneys or other Property may be deposited under such general conditions as may be prescribed pre scribed by law applicable to the Collateral Agent, Agent and the Collateral Agent shall not be liable for any interest thereon, except as may otherwise be agreed by the Collateral Agent.
Appears in 1 contract
Samples: Subsidiary Guaranty (American Radio Systems Corp /Ma/)
