Status of Moneys Received. All moneys received by the Owner Trustee under or pursuant to any provision of this Agreement or any Operative Agreement shall constitute trust funds for the purpose for which they were paid or are held, but need not be segregated in any manner from any other moneys except to the extent required by law and may be deposited by the Owner Trustee under such conditions as may be prescribed or permitted by law for trust funds, or may be invested in direct obligations of the United States.
Status of Moneys Received. 10 Section 3.09. Self-Dealing............................................. 11 Section 3.10. Definition of a Responsible Officer...................... 11 Section 3.11. Resignation or Removal of Owner Trustee.................. 11 Section 3.12. Estate and Rights of Successor Owner Trustee............. 11 Section 3.13. Merger or Consolidation of SSB........................... 12 Section 3.14. Co-Trustees.............................................. 12 Section 3.15.
Status of Moneys Received. (a) All moneys received by the Collateral Agent shall, until used or applied as herein provided, be held for the purposes for which they were received, but need not be segregated in any manner from any other moneys, except to the extent required by law, and may be deposited by the Collateral Agent under such general conditions as may be prescribed by law in the Collateral Agent’s general banking department, and the Collateral Agent shall be under no liability for interest on any moneys received by it hereunder. The Collateral Agent and any affiliated corporation may become the owner of any of the Obligations and be interested in any financial transaction with any Obligor, or the Collateral Agent may act as depository or otherwise in respect to other securities of any Obligor, all with the same rights which it would have if it was not the Collateral Agent.
Status of Moneys Received. (a) All moneys received by the Collateral Agent shall, together with any interest thereon, until used or applied as herein provided, be held in trust for the purposes for which they were received, but (except as herein otherwise provided with respect to the funds referred to in paragraph (b) of this Section) need not be segregated in any manner from any other moneys, except to the extent required by law, and may be deposited by the Collateral Agent under such general conditions as may be prescribed by law in the Collateral Agent’s general banking department, and the Collateral Agent shall be under no liability for interest (other than any interest accrued pursuant to clause (b) of this §8.5) on any moneys received by it hereunder.
Status of Moneys Received. (a) Pending the disbursement thereof pursuant to the terms of this Intercreditor Agreement, all monies received by the Collateral Agent following the enforcement of the liens and security interests granted and provided for in the Pledge Agreement shall be held for the purposes for which they were received, in segregated accounts, and shall, if held by the Collateral Agent for more than one (1) Business Day, be invested by the Collateral Agent in investments permitted by Section 5.3(b) below. The Collateral Agent and any affiliated corporation may become the owner of any of the Obligations and be interested in any financial transaction with any of the Credit Parties or any affiliated corporation, or the Collateral Agent may act as depository or otherwise in respect to other securities of any of the Credit Parties or any affiliated corporation, all with the same rights which it would have if it was not the Collateral Agent.
Status of Moneys Received. All moneys received by Certificate ------------------------- Trustee under or pursuant to any provision of this Trust Agreement (other than Excluded Amounts to be paid to Bank) shall constitute trust funds for the purpose for which they were paid or are held, but need not be segregated in any manner from any other moneys and may be deposited by Certificate Trustee under such conditions as may be prescribed or permitted by Applicable Laws for trust funds, or, at the direction of the Required Entities may be invested in Permitted Investments.
Status of Moneys Received. 10 SECTION 3.09. Self-Dealing............................................. 10 SECTION 3.10. Intentionally Left Blank................................. 10 SECTION 3.11. Resignation or Removal of Owner Trustee.................. 10 SECTION 3.12. Estate and Rights of Successor Owner Trustee............. 11 SECTION 3.13. Merger or Consolidation of NBD........................... 12 SECTION 3.14. Co-Trustees.............................................. 12 SECTION 3.15.
Status of Moneys Received. All moneys received by the Indenture Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, and, if required pursuant to the provisions hereof, shall be held in the Acquisition Account and in the appropriate sub-account of the Construction Account, but otherwise need not be segregated in any manner from any other moneys, except to the extent required by law, and may be deposited by the Indenture Trustee under such general conditions as may be prescribed by law at the Indenture Trustee, and the Indenture Trustee shall be under no liability for interest on any moneys received by it hereunder. The Indenture Trustee and any affiliated corporation may become the owner of any Note secured hereby and be interested in any financial transaction with the Issuer or any affiliated corporation, or the Indenture Trustee may act as depositary or otherwise in respect to other Securities of the Issuer or any affiliated corporation, all with the same rights which it would have if not the Indenture Trustee.
Status of Moneys Received. (a) Except as otherwise specifically prescribed in this Agreement, all moneys received by the Collateral Agent shall, until used or applied as herein provided, be held for the purposes for which they were received, and shall be segregated from all other moneys and may be deposited by the Collateral Agent under such general conditions as may be prescribed by law in the Collateral Agent's general banking department in an interest-bearing account. Subject to Section 5.10 hereof, the Collateral Agent and any affiliated corporation may become the owner of any of the Obligations and be interested in any financial transaction with the Company or any affiliated corporation, or the Collateral Agent may act as depository or otherwise in respect to other securities of the Company or any affiliated corporation, all with the same rights which it would have if not the Collateral Agent.
Status of Moneys Received. (a) All moneys received by the Security Trustee shall, together with any interest thereon, until used or applied as herein provided, be held in trust for the purposes for which they were received, but (except as herein otherwise provided with respect to the funds referred to in paragraph (b) of this Section) need not be segregated in any manner from any other moneys, except to the extent required by law, and may be deposited by the Security Trustee under such general conditions as may be prescribed by law in the Security Trustee’s general banking department, and the Security Trustee shall be under no liability for interest (other than any interest accrued pursuant to clause (b) of this §8.5) on any moneys received by it hereunder.
