No Segregation of Monies Sample Clauses

No Segregation of Monies. Interest Monies received by Owner Trustee under this Trust Agreement need not be segregated in any manner except to the extent required by Law, or except as provided in written instructions from Owner Participant, and shall be invested as provided in Section 4.3 hereof or Section 4.4 of the Lease.
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No Segregation of Monies. No Interest 45 SECTION 6.5. Reliance; Agents; Advice of Counsel 45 SECTION 6.6. Capacity in Which Acting 46 SECTION 6.7. Compensation 46 SECTION 6.8. May Become Certificateholder 46 SECTION 6.9. Subordination Agent Required; Eligibility 46 SECTION 6.10. Money to Be Held in Trust 46 ARTICLE VII INDEMNIFICATION OF SUBORDINATION AGENT 47 SECTION 7.1. Scope of Indemnification 47 ARTICLE VIII SUCCESSOR SUBORDINATION AGENT 47 SECTION 8.1. Replacement of Subordination Agent; Appointment of Successor 47 ARTICLE IX SUPPLEMENTS AND AMENDMENTS 48 SECTION 9.1. Amendments, Waivers, Possible Future Issuance of Class C Certificates, etc. 48 SECTION 9.2. Subordination Agent Protected 51 SECTION 9.3. Effect of Supplemental Agreements 51 SECTION 9.4. Notice to Rating Agencies 52 ARTICLE X MISCELLANEOUS 52 SECTION 10.1. Termination of Intercreditor Agreement 52 SECTION 10.2. Intercreditor Agreement for Benefit of Trustees, Liquidity Providers and Subordination Agent 52 SECTION 10.3. Notices 52 SECTION 10.4. Severability 53 SECTION 10.5. No Oral Modifications or Continuing Waivers 53 SECTION 10.6. Successors and Assigns 53 SECTION 10.7. Headings 54 SECTION 10.8. Counterpart Form 54 SECTION 10.9. Subordination 54 SECTION 10.10. Governing Law 55 SECTION 10.11. Submission to Jurisdiction; Waiver of Jury Trial; Waiver of Immunity 55 INTERCREDITOR AGREEMENT INTERCREDITOR AGREEMENT (this “Agreement”) dated as of May 14, 2012, among WILMINGTON TRUST COMPANY, a Delaware banking corporation (“WTC”), not in its individual capacity but solely as Trustee of each Trust (each as defined below); NATIXIS S.A., a société anonyme, organized under the laws of the Republic of France, acting through its New York Branch, as Class A Liquidity Provider and Class B Liquidity Provider; and WILMINGTON TRUST COMPANY, not in its individual capacity except as expressly set forth herein, but solely as Subordination Agent and trustee hereunder (in such capacity, together with any successor appointed pursuant to Article VIII hereof, the “Subordination Agent”).
No Segregation of Monies. No Interest 46 SECTION 6.5. Reliance; Agents; Advice of Counsel 46 SECTION 6.6. Capacity in Which Acting 47 SECTION 6.7. Compensation 47 SECTION 6.8. May Become Certificateholder 47 SECTION 6.9. Subordination Agent Required; Eligibility 47 SECTION 6.10. Money to Be Held in Trust 48 ARTICLE VII INDEMNIFICATION OF SUBORDINATION AGENT 48 SECTION 7.1. Scope of Indemnification 48 ARTICLE VIII SUCCESSOR SUBORDINATION AGENT 48 SECTION 8.1. Replacement of Subordination Agent; Appointment of Successor 48 ARTICLE IX SUPPLEMENTS AND AMENDMENTS 49
No Segregation of Monies. No InterestSubject to Sections 5.1 and 5.2, monies received by the Owner Trustee hereunder need not be segregated in any manner except to the extent required by law, the Indenture or the Sale and Servicing Agreement, and may be deposited under such general conditions as may be prescribed by law, and the Owner Trustee shall not be liable for any interest thereon.

Related to No Segregation of Monies

  • No Segregation of Monies; No Interest Subject to Sections 5.01 and 5.02, monies received by the Owner Trustee or the Paying Agent hereunder need not be segregated in any manner except to the extent required by law or the Sale and Servicing Agreement and may be deposited under such general conditions as may be prescribed by law, and neither the Owner Trustee nor the Paying Agent shall be liable for any interest thereon.

  • No Segregation of Moneys; No Interest Subject to Section 5.1, moneys received by the Eligible Lender Trustee hereunder need not be segregated in any manner except to the extent required by law or the Administration Agreement and may be deposited under such general conditions as may be prescribed by law, and the Eligible Lender Trustee shall not be liable for any interest thereon.

  • Segregation of Moneys; No Interest Moneys received by or on behalf of the Owner Trustee hereunder and deposited into the Collection Account will be segregated except to the extent required otherwise by law or the provisions of the Transfer and Servicing Agreement. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.

  • No Segregation Pending deposit in the Collection Account, the Servicer is not required to segregate Collections from its own funds.

  • Collection of Monies Except as otherwise expressly provided in this Agreement, the Trustee may demand payment or delivery of, and shall receive and collect, all money and other property payable to or receivable by the Trustee pursuant to this Agreement. The Trustee shall hold all such money and property received by it as part of the Trust Fund and shall distribute it as provided in this Agreement. If the Trustee shall not have timely received amounts to be remitted with respect to the Mortgage Loans from the Master Servicer, the Trustee shall request the Master Servicer to make such distribution as promptly as practicable or legally permitted. If the Trustee shall subsequently receive any such amount, it may withdraw such request.

  • Application of Monies In the event that, during the continuance of any Default, the Administrative Agent or any Bank, as the case may be, receives any monies in connection with the enforcement of rights under the Loan Documents, such monies shall be distributed for application as follows:

  • Application of Moneys Collected Any moneys collected by the Trustee pursuant to this Article with respect to a particular series of Securities shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of principal (or premium, if any) or interest, upon presentation of the Securities of that series, and notation thereon of the payment, if only partially paid, and upon surrender thereof if fully paid:

  • Collection of Moneys Except as otherwise expressly provided in this Agreement, the Trustee and the Paying Agent may demand payment or delivery of, and shall receive and collect, all money and other property payable to or receivable by the Trustee or the Paying Agent, as the case may be, pursuant to this Agreement. The Trustee or the Paying Agent, as the case may be, shall hold all such money and property received by it as part of the Trust and shall distribute it as provided in this Agreement. If the Trustee or the Paying Agent, as the case may be, shall not have timely received amounts to be remitted with respect to the Mortgage Loans from the Master Servicer, the Trustee or the Paying Agent, as the case may be, shall request the Master Servicer to make such distribution as promptly as practicable or legally permitted. If the Trustee or the Paying Agent, as the case may be, shall subsequently receive any such amount, it may withdraw such request.

  • Segregation of Collections The Servicer will:

  • Application of Moneys All moneys received by the Agent and/or the Security Trustee under or pursuant to any of the Security Documents and expressed to be applicable in accordance with the provisions of this clause 13.1 or in a manner determined in the Security Trustee’s or (as the case may be) the Agent’s discretion, shall be applied in the following manner:

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