Common use of Money Held in Trust Clause in Contracts

Money Held in Trust. All moneys received by the 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 from other funds except to the extent required by mandatory provisions of law.

Appears in 30 contracts

Samples: Indenture (Emergent Capital, Inc.), Indenture (Emergent Capital, Inc.), Indenture (Emergent Capital, Inc.)

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Money Held in Trust. All moneys received by the 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 from other funds except to the extent required herein or by mandatory provisions of law. The Trustee shall not be under any liability for interest on any moneys received by it hereunder, except as the Trustee may agree with the Company.

Appears in 11 contracts

Samples: Indenture (Prime Succession Inc), Indenture (Interface Inc), Indenture (Interface Inc)

Money Held in Trust. All moneys received by the 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 from other funds except to the extent required herein or by mandatory provisions of law. The Trustee shall not be under any liability for interest on any moneys received by it hereunder, except as the Trustee may agree with Alderwoods.

Appears in 8 contracts

Samples: Indenture (Loewen Group International Inc), Indenture (Alderwoods Group Inc), Indenture (Alderwoods Group Inc)

Money Held in Trust. All moneys Subject to the provisions of Section 13.5, all money received by the 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 from other funds except to the extent required by mandatory provisions of law. The Trustee shall be under no liability for interest on any money received by it hereunder except such as it may agree with the Company to pay thereon.

Appears in 7 contracts

Samples: First Busey Statutory Trust V, Old Second Bancorp Inc, Team Financial Capital Trust I

Money Held in Trust. All moneys received by the 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 from other funds except to the extent required by mandatory provisions of law. Except for funds or securities deposited with the Trustee pursuant to Article IV, the Trustee shall be required to invest all moneys received by the Trustee, until used or applied as herein provided, in Cash Equivalents in accordance with the directions of the Company.

Appears in 4 contracts

Samples: Indenture (Park Place Entertainment Corp), Security Agreement (Park Place Entertainment Corp), Park Place Entertainment Corp

Money Held in Trust. All Subject to the provisions of Section 1003 hereof, all moneys received by the 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 from other funds except to the extent required by mandatory provisions of law. The Trustee shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Company.

Appears in 4 contracts

Samples: Indenture (Neiman Marcus Group Inc), Neiman Marcus Group Inc, Baker Hughes Inc

Money Held in Trust. All moneys received Money held by the Trustee in trust hereunder 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 from other funds except to the extent required by mandatory provisions of law. The Trustee shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Issuer or the Guarantors.

Appears in 4 contracts

Samples: Indenture (Allegion US Holding Co Inc.), Senior Note Indenture (Agco Corp /De), Subordinated Note Indenture (AGCO International GmbH)

Money Held in Trust. All moneys received by the 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 from other funds except to the extent required herein or by mandatory provisions of law. The Trustee shall not be under any liability for interest on any moneys received by it hereunder, except as the Trustee may agree with LGII.

Appears in 4 contracts

Samples: Indenture (Loewen Group Inc), Loewen Group Inc, Loewen Group International Inc

Money Held in Trust. All moneys received by the 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 from other funds except to the extent required by mandatory provisions of law. The Trustee shall not be required to invest any moneys received by the Trustee, except in accordance with the written directions of the Company.

Appears in 2 contracts

Samples: Loehmanns Holdings Inc, Loehmanns Holdings Inc

Money Held in Trust. All moneys received by the 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 from other funds except to the extent required by mandatory provisions of law. Except for funds or securities deposited with the Trustee pursuant to Article Four, the Trustee shall be required to invest all moneys received by the Trustee, until used or applied as herein provided, in Temporary Cash Investments in accordance with the directions of the Company.

Appears in 2 contracts

Samples: Indenture (Sonic Automotive Clearwater Inc), Indenture (Pioneer Hi Bred International Inc)

Money Held in Trust. All moneys received by the 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 from other funds except to the extent required herein or by mandatory provisions of law. The Trustee shall not be under any liability for interest on any moneys received by it hereunder, except as otherwise agreed in writing with the Company.

Appears in 2 contracts

Samples: Indenture (Best Built Inc), Atrium Corp

Money Held in Trust. All moneys received by the 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 from other funds funds, except to the extent required by mandatory provisions of law.

Appears in 2 contracts

Samples: Indenture (Geo MCF Lp, LLC), Geo MCF Lp, LLC

Money Held in Trust. All moneys received by the 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 from other funds except to the extent required herein or by mandatory provisions of law. The Trustee shall not be under any liability for interest on any moneys received by it hereunder, except as it may otherwise agree in writing, in its discretion, with the Company.

Appears in 2 contracts

Samples: Indenture (Leiner Health Products Inc), Indenture (Leiner Health Products Inc)

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Money Held in Trust. All moneys money received by the Trustee shall, until used or applied as herein provided, be held in trust hereunder for the purposes for which they were received, but . Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by mandatory provisions of law. The Trustee shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Company.

Appears in 2 contracts

Samples: Indenture (Convergent Communications Inc /Co), Registration Rights Agreement (Supreme International Corp)

Money Held in Trust. All moneys received by the 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 from other funds funds, except to the extent required by mandatory provisions of law. Except for funds or securities deposited with the Trustee pursuant to Article Four, the Trustee shall be required to invest all moneys received by the Trustee, until used or applied as herein provided, in Temporary Cash Investments in accordance with the directions of the Company.

Appears in 1 contract

Samples: Republic Services Inc

Money Held in Trust. All moneys received by the Trustee shall, until used or applied as herein provided, be held in trust hereunder for the purposes for which they were received, but need not be segregated from other funds except to the extent required by mandatory provisions of law. The Trustee shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Company or any Subsidiary Notes Guarantor.

Appears in 1 contract

Samples: Indenture (Citadel License Inc)

Money Held in Trust. All moneys received by the 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 from other funds except to the extent required by mandatory provisions of law. The Trustee shall be under no liability for interest on any moneys received by it hereunder except such as it may agree with the Company to pay thereon.

Appears in 1 contract

Samples: Marsh & McLennan Companies Inc

Money Held in Trust. All moneys received by the 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 from other funds except to the extent required by mandatory provisions of law.required

Appears in 1 contract

Samples: Loewen Group International Inc

Money Held in Trust. All Subject to the provisions of Section 1203 hereof, all moneys received by the 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 from other funds except to the extent required by mandatory provisions law. Neither the Trustee nor any agent of lawthe Company shall be under any liability for interest on any moneys received by it hereunder except as otherwise agreed with the Company.

Appears in 1 contract

Samples: Southern Peru LTD

Money Held in Trust. All moneys received by the 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 from other funds except to the extent required by mandatory provisions of law. The Trustee shall be under no liability to the Company for interest on any money received by it hereunder except as otherwise agreed in writing with the Company.

Appears in 1 contract

Samples: Indenture (Bell Atlantic Corp)

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