Common use of Held in Trust Clause in Contracts

Held in Trust. Except as provided in Section 403 and Section 1003, Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law and shall be held uninvested. 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 1 contract

Samples: Consumer Portfolio Services Inc

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Held in Trust. Except as provided in Section 403 and Section 1003, Money money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law and shall be held uninvested. The Trustee shall be under no liability for interest on any Money money received by it hereunder except as otherwise agreed with the Company.

Appears in 1 contract

Samples: Senior Indenture (Capital One Financial Corp)

Held in Trust. Except as provided in Section 403 402 and Section 1003903, Money money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law and shall be held uninvestedlaw. The Trustee shall be under no liability for interest on any Money money received by it hereunder except as otherwise agreed with the Company.

Appears in 1 contract

Samples: Norfolk Southern Railway Co /Va/

Held in Trust. Except as provided in Section 403 402 and Section 1003, Money money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law and shall be held uninvested. The Trustee shall be under no liability for interest on any Money money received by it hereunder except as otherwise agreed with the Company.

Appears in 1 contract

Samples: Indenture (Advanta Corp)

Held in Trust. Except as provided in Section 403 302(5), Section 303 and Section 1003903, Money money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law and shall will be held uninvested. The Trustee shall will be under no liability for interest on any Money money received by it hereunder except as otherwise agreed in writing with the Company.

Appears in 1 contract

Samples: County Bancorp, Inc.

Held in Trust. Except as otherwise expressly provided in Section 403 and Section 1003herein, Money money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law and shall be held uninvestedlaw. The Trustee shall be under no liability for interest on any Money money received by it hereunder hereunder, except as expressly provided herein or as otherwise agreed with the Company.. NY1-463085 EXECUTION

Appears in 1 contract

Samples: Execution (SLM International Inc /De)

Held in Trust. Except as provided in Section 403 and Section 1003, Money money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law and shall be held uninvested. The Trustee shall be under no liability for interest on any Money money received by it hereunder except as otherwise agreed in writing with the CompanyIssuer or the Guarantor. Section 606.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Tower Realty Trust Inc)

Held in Trust. Except as provided in Section 403 and Section 1003, Money money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law and shall be held uninvested. The Trustee shall be under no liability for interest on any Money money received by it hereunder except as otherwise agreed in writing with the CompanyCompany or any Guarantor.

Appears in 1 contract

Samples: Indenture (Sealy Corp)

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Held in Trust. Except as provided in Section 403 and Section 1003906, Money money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law and shall be held uninvested. The Trustee shall be under no liability for interest on any Money money received by it hereunder except as otherwise agreed in writing with the Company.

Appears in 1 contract

Samples: Solarcity Corp

Held in Trust. Except as provided in Section 403 and Section 1003, Money money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law and shall be held uninvested. The Trustee shall be under no liability for interest on any Money money received by it hereunder except as otherwise agreed in writing with the CompanyOperating Partnership. Section 606.

Appears in 1 contract

Samples: www.sec.gov

Held in Trust. Except as provided in Section 403 and Section 1003, Money money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law and shall be held uninvested. The Trustee shall be under no liability for interest on any Money money received by it hereunder except as otherwise agreed in writing with the CompanyIssuer.

Appears in 1 contract

Samples: Reckson Services Industries Inc

Held in Trust. Except as provided in Section 403 and Subject to Section 1003, Money money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law and shall be held uninvestedlaw. The Trustee shall be under no liability for interest on any Money money received by it hereunder except as otherwise agreed in writing with the Company.

Appears in 1 contract

Samples: Indenture (Alco Standard Corp)

Held in Trust. Except as provided in Section 403 402 and Section 1003, Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law and shall be held uninvested. 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 1 contract

Samples: Commercial Federal Corp

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