Common use of Held in Trust Clause in Contracts

Held in Trust. Money and U.S. Government Obligations held by the Trustee in trust hereunder 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 money received by it hereunder except as otherwise agreed with the Company.

Appears in 11 contracts

Samples: Fourteenth Supplemental Indenture (Concho Resources Inc), Supplemental Indenture (Concho Resources Inc), Supplemental Indenture (Concho Resources Inc)

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Held in Trust. Money and U.S. Government Obligations held by the Trustee in trust hereunder 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 money received by it hereunder except as otherwise agreed with the CompanyIssuer.

Appears in 5 contracts

Samples: Indenture (Weatherford International PLC), Supplemental Indenture (Weatherford International PLC), Indenture (Weatherford International PLC)

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