Common use of Retention of Monies Clause in Contracts

Retention of Monies. All monies received by 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 in any manner from any other monies (except to the extent required by law), and Trustee shall be under no liability for interest on any monies received by him hereunder.

Appears in 3 contracts

Samples: Missouri Future (Kv Pharmaceutical Co /De/), Emeritus Corp\wa\, Behringer Harvard Short Term Opportunity Fund I Lp

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Retention of Monies. All monies received by 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 in any manner from any other monies (except to the extent required by law), ) and Trustee shall be under have no liability for interest on any monies received by him it hereunder.

Appears in 1 contract

Samples: Emeritus Corp\wa\

Retention of Monies. All monies received by 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 in any manner from any other monies (except to the extent required by law), ) and Trustee shall be under have no liability for interest on any monies received by him it hereunder.. 5.1.3

Appears in 1 contract

Samples: Emeritus Corp\wa\

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Retention of Monies. All monies received by 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 in any manner from any other monies (except to the extent required by law), and Trustee shall be under no liability for interest on any monies received by him hereunder.. 10.3

Appears in 1 contract

Samples: Emeritus Corp\wa\

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