Common use of No Segregation of Monies; No Interest Clause in Contracts

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.

Appears in 124 contracts

Samples: Trust Agreement (Honda Auto Receivables 2024-2 Owner Trust), Trust Agreement (Honda Auto Receivables 2024-2 Owner Trust), Trust Agreement (Honda Auto Receivables 2024-1 Owner Trust)

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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 not be liable for any interest thereon.

Appears in 86 contracts

Samples: Trust Agreement (John Deere Owner Trust 2016-B), Trust Agreement (John Deere Owner Trust 2016-B), Trust Agreement (John Deere Owner Trust 2016)

No Segregation of Monies; No Interest. Subject to Sections 5.01 and Section 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 not be liable for any interest thereon. The Owner Trustee may establish accounts and receive, maintain and disburse funds in accordance with the terms hereof and the Basic Documents.

Appears in 73 contracts

Samples: Trust Agreement (World Omni Auto Receivables Trust 2022-A), Trust Agreement (World Omni Auto Receivables Trust 2022-A), Trust Agreement (World Omni Auto Receivables LLC)

No Segregation of Monies; No Interest. Subject to Sections 5.01 Section 5.1 and 5.02Section 5.2, 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 law, the Indenture 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 not be liable for any interest thereon.

Appears in 69 contracts

Samples: Trust Agreement (CarMax Auto Owner Trust 2024-2), Trust Agreement (Carmax Auto Funding LLC), Trust Agreement (CarMax Auto Owner Trust 2024-1)

No Segregation of Monies; No Interest. Subject to Sections 5.01 5.1 and 5.025.2, 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 law, the Indenture or the Sale and Servicing Agreement 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 not be liable for any interest thereon.

Appears in 55 contracts

Samples: Trust Agreement (USAA Auto Owner Trust 2007-1), Trust Agreement (Bear Stearns Asset Backed Fund Inc Whole Auto Loan Tr 2002-1), Trust Agreement (Usaa Federal Savings Bank)

No Segregation of Monies; No Interest. Subject to Sections 5.01 5.1 and 5.025.2, 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 or the Paying Agent Agent, as applicable, shall not be liable for any interest thereon.

Appears in 53 contracts

Samples: Trust Agreement (CNH Equipment Trust 2023-B), Trust Agreement (CNH Equipment Trust 2023-A), Trust Agreement (CNH Equipment Trust 2022-C)

No Segregation of Monies; No Interest. Subject to Sections 5.01 5.1 and 5.025.2, 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 law, the Indenture 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 not be liable for any interest thereon.

Appears in 50 contracts

Samples: Trust Agreement (CarMax Auto Owner Trust 2011-3), Trust Agreement (CarMax Auto Owner Trust 2011-2), Trust Agreement (CarMax Auto Owner Trust 2011-1)

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 not be liable for any interest thereon.

Appears in 31 contracts

Samples: Trust Agreement (Deere John Capital Corp), Trust Agreement (John Deere Receivables LLC), Trust Agreement (Deere John Capital Corp)

No Segregation of Monies; No Interest. Subject to Sections 5.01 5.1 and 5.025.2, monies received by the Owner Trustee or the any 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 any Paying Agent shall be liable for any interest thereon.

Appears in 23 contracts

Samples: Trust Agreement (JPMorgan Chase Bank, National Association), Trust Agreement (Chase Auto Owner Trust 2005-B), Trust Agreement (Chase Auto Owner Trust 2006-A)

No Segregation of Monies; No Interest. Subject to Sections 5.01 and 5.02Section 5.01, 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 the Basic Documents or the Sale Applicable Law, and Servicing Agreement and may shall be deposited uninvested in a non-interest-bearing trust account under such general conditions as may be prescribed by law, Applicable Law and neither the Owner Trustee nor the Paying Agent shall not be liable for any interest thereon.

Appears in 22 contracts

Samples: Trust Agreement (Daimler Trucks Retail Trust 2024-1), Trust Agreement (Daimler Trucks Retail Trust 2024-1), Trust Agreement (Mercedes-Benz Auto Receivables Trust 2024-1)

No Segregation of Monies; No Interest. Subject to Sections 5.01 and Section 5.02, monies received by the Owner Trustee or Trustee, the Paying Agent or the Account Bank 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 Trustee, the Paying Agent and the Account Bank shall not be liable for any interest thereon. The Owner Trustee may establish accounts and receive, maintain and disburse funds in accordance with the terms hereof and the Basic Documents.

Appears in 18 contracts

Samples: Trust Agreement (World Omni Auto Receivables Trust 2024-B), Trust Agreement (World Omni Auto Receivables Trust 2024-B), Trust Agreement (World Omni Auto Receivables Trust 2024-A)

No Segregation of Monies; No Interest. Subject to Sections 5.01 and Section 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 not be liable for any interest thereon.

Appears in 15 contracts

Samples: Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (World Omni Auto Receivables Trust 2005-B), Trust Agreement (World Omni Auto Receivables LLC)

No Segregation of Monies; No Interest. Subject to Sections 5.01 and 5.02Section 5.01, 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 the Basic Documents or the Sale and Servicing Agreement Applicable Law, and may be deposited under such general conditions as may be prescribed by law, Applicable Law and neither the Owner Trustee nor the Paying Agent shall not be liable for any interest thereon.

Appears in 15 contracts

Samples: Trust Agreement (Mercedes-Benz Auto Receivables Trust 2018-1), Trust Agreement (Mercedes-Benz Auto Receivables Trust 2018-1), Trust Agreement (Mercedes-Benz Auto Receivables Trust 2016-1)

No Segregation of Monies; No Interest. Subject to Sections 5.01 Section 5.1 and 5.02Section 5.2, 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 law, the Indenture 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 not be liable for any interest thereon.

Appears in 14 contracts

Samples: Trust Agreement (CarMax Auto Owner Trust 2015-3), Trust Agreement (CarMax Auto Owner Trust 2015-2), Trust Agreement (CarMax Auto Owner Trust 2015-1)

No Segregation of Monies; No Interest. Subject to Sections 5.01 5.1 and 5.025.2, monies received by the Owner Trustee or the any Paying Agent hereunder need not be segregated in any manner except to the extent required by law or the Indenture 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 any Paying Agent shall be liable for any interest thereon.

Appears in 14 contracts

Samples: Trust Agreement (Ace Sec Corp Wells Fargo Financial Auto Owner Trust 2004-A), Trust Agreement (Key Consumer Acceptance Corp), Trust Agreement (Key Consumer Acceptance Corp)

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 law, the Indenture 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 not be liable for any interest thereon.

Appears in 8 contracts

Samples: Trust Agreement (Pooled Auto Securities Shelf LLC), Trust Agreement (WDS Receivables LLC), Trust Agreement (Wachovia Auto Owner Trust 2004-B)

No Segregation of Monies; No Interest. Subject to Sections Section 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 not be liable for any interest thereon.

Appears in 7 contracts

Samples: Trust Agreement (Caterpillar Financial Asset Trust 2005-A), Trust Agreement (Caterpillar Financial Funding Corp), Trust Agreement (Caterpillar Financial Funding Corp)

No Segregation of Monies; No Interest. Subject to Sections 5.01 5.1 and 5.025.2, monies received by the Owner Trustee or the any Paying Agent hereunder need not be segregated in any manner except to the extent required by law or the Sale and Indenture or the Servicing Agreement and may be deposited under such general conditions as may be prescribed by law, and neither the Owner Trustee nor the any Paying Agent shall be liable for any interest thereon.

Appears in 6 contracts

Samples: Trust Agreement (Capital One Auto Receivables Trust 2001-B), Trust Agreement (Capital One Auto Receivables LLC), Trust Agreement (Capital One Auto Receivables LLC)

No Segregation of Monies; No Interest. Subject to Sections Section 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 law, this Agreement, 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 not be liable for any interest thereon.

Appears in 6 contracts

Samples: Trust Agreement (Caterpillar Financial Funding Corp), Trust Agreement (Caterpillar Financial Asset Trust 2007-A), Trust Agreement (Caterpillar Financial Asset Trust 2008-A)

No Segregation of Monies; No Interest. Subject to Sections 5.01 5.1 and 5.025.2, 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 law, the Indenture or the Sale and Servicing Allocation 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 not be personally liable for any interest thereon.

Appears in 4 contracts

Samples: Trust Agreement (First Investors Financial Services Group Inc), Trust Agreement (First Investors Financial Services Group Inc), Trust Agreement (First Investors Financial Services Group Inc)

No Segregation of Monies; No Interest. Subject to Sections 5.01 Section 5.1 and 5.02Section 5.2, 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 law, the Indenture[, the Swap Agreement] 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 not be liable for any interest thereon.

Appears in 4 contracts

Samples: Trust Agreement (Carmax Auto Funding LLC), Trust Agreement (Carmax Auto Funding LLC), Trust Agreement (Carmax Auto Funding LLC)

No Segregation of Monies; No Interest. Subject to Sections 5.01 and 5.02Section 5.01, 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 Transaction Documents to which the Trust is a party and may be deposited under such general conditions as may be prescribed by law, and neither the Owner Trustee nor the Paying Agent shall not be liable for any interest thereon.

Appears in 4 contracts

Samples: Trust Agreement (World Omni Automobile Lease Securitization Trust 2012-A), Trust Agreement (World Omni Auto Leasing LLC), Trust Agreement (World Omni Automobile Lease Securitization Trust 2011-A)

No Segregation of Monies; No Interest. Subject to Sections 5.01 and 5.02Section 5.1, 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 by the Sale and Servicing Agreement Indenture and may be deposited under such general conditions as may be prescribed by law, and neither the Owner Trustee nor the Paying Agent shall not be liable for any interest thereon.

Appears in 3 contracts

Samples: Trust Agreement (Antigua Funding Corp), Trust Agreement (Antigua Funding Corp), Trust Agreement (Capita Equipment Receivables Trust 1996-1)

No Segregation of Monies; No Interest. Subject to Sections 5.01 and 5.02Section 5.01, 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 the 2016-B Basic Documents or the Sale and Servicing Agreement Applicable Law, and may be deposited under such general conditions as may be prescribed by law, Applicable Law and neither the Owner Trustee nor the Paying Agent shall not be liable for any interest thereon.

Appears in 3 contracts

Samples: Trust Agreement, Trust Agreement (Mercedes-Benz Auto Lease Trust 2016-B), Trust Agreement (Mercedes-Benz Auto Lease Trust 2016-B)

No Segregation of Monies; No Interest. Subject to Sections 5.01 5.1 and 5.025.2, 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 law, the Indenture, the Swap Agreement 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 not be liable for any interest thereon.

Appears in 3 contracts

Samples: Trust Agreement (CarMax Auto Owner Trust 2008-2), Trust Agreement (CarMax Auto Owner Trust 2007-3), Trust Agreement (CarMax Auto Owner Trust 2008-1)

No Segregation of Monies; No Interest. Subject to Sections 5.01 and ------------------------------------- Section 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 not be liable for any interest thereon.

Appears in 3 contracts

Samples: Trust Agreement (World Omni Auto Receivables LLC), Owner Trust Agreement (Auto Nations Receivables Corp), Trust Agreement (World Omni Auto Receivables LLC)

No Segregation of Monies; No Interest. Subject to Sections 5.01 and 5.02Section 5.2, 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 law, the Indenture or the Sale and Servicing Agreement 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 not be liable for any interest thereon.

Appears in 3 contracts

Samples: Trust Agreement (USAA Auto Owner Trust 2008-1), Trust Agreement (Usaa Acceptance LLC), Trust Agreement (USAA Auto Owner Trust 2007-2)

No Segregation of Monies; No Interest. Subject to Sections 5.01 5.1 and 5.025.2, monies received by or on behalf of the Owner Trustee or the Paying Agent hereunder need not be segregated in any manner except to the extent required by law or by 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 or the Paying Agent shall be liable for any interest thereon.

Appears in 3 contracts

Samples: Trust Agreement (Conseco Finance Securitizations Corp), Trust Agreement (Green Tree Financial Corp), Trust Agreement (Green Tree Financial Corp)

No Segregation of Monies; No Interest. Subject to Sections 5.01 and 5.02Section 5.01, 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 the Basic Documents or the Sale Applicable Law, and Servicing Agreement and [may be deposited] [shall be deposited uninvested in a non-interest-bearing trust account] under such general conditions as may be prescribed by law, Applicable Law and neither the Owner Trustee nor the Paying Agent shall not be liable for any interest thereon.

Appears in 3 contracts

Samples: Trust Agreement (Daimler Trucks Retail Receivables LLC), Trust Agreement (Daimler Retail Receivables LLC), Trust Agreement (Daimler Retail Receivables LLC)

No Segregation of Monies; No Interest. Subject to Sections 5.01 5.1 and 5.025.2, monies received by the Owner Trustee or the any Paying Agent hereunder need not be segregated in any manner except to the extent required by law law, the Indenture 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 any Paying Agent shall be liable for any interest thereon.

Appears in 3 contracts

Samples: Bas Securitization LLC, Bas Securitization LLC, Lehman Brothers Asset Securitization LLC

No Segregation of Monies; No Interest. Subject to Sections 5.01 5.1 and 5.025.2, monies received by or on behalf of the Owner Trustee or the Paying Agent hereunder need not be segregated in any manner except to the extent required by law or by 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 or the Paying Agent shall not be liable for any interest thereon.

Appears in 2 contracts

Samples: Trust Agreement (Conseco Finance Corp), Trust Agreement (Conseco Finance Securitizations Corp)

No Segregation of Monies; No Interest. Subject to Sections 5.01 and 5.02Section 5.1, 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 Indenture 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 any Paying Agent shall be liable for any interest thereon.

Appears in 2 contracts

Samples: Trust Agreement (Key Consumer Acceptance Corp), Trust Agreement (Key Consumer Acceptance Corp)

No Segregation of Monies; No Interest. Subject to Sections 5.01 5.1 and 5.025.2, monies received by the Owner Trustee or the any Certificate Paying Agent hereunder including all Certificate Account Property need not be segregated in any manner except to the extent required by law or the Indenture 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 any Certificate Paying Agent shall be liable for any interest thereon.

Appears in 2 contracts

Samples: Trust Agreement (M&i Auto Loan Trust 2002-1), Trust Agreement (M&i Dealer Auto Securitization LLC)

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 (other than any monies constituting Excluded Property) need not be segregated in any manner except to the extent required by law or law, the Indenture, the Sale and Servicing Agreement or the Swap 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 not be liable for any interest thereon.

Appears in 2 contracts

Samples: Trust Agreement (Wachovia Auto Loan Owner Trust 2007-1), Trust Agreement (Wachovia Auto Loan Owner Trust 2008-1)

No Segregation of Monies; No Interest. Subject to Sections 5.01 and 5.025.03 hereof, 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 not be liable for any interest thereon.

Appears in 2 contracts

Samples: Trust Agreement, Trust Agreement

No Segregation of Monies; No Interest. Subject to Sections 5.01 and 5.02Section 5.01, 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 not be liable for any interest thereon.

Appears in 1 contract

Samples: Owner Trust Agreement (Auto Nations Receivables Corp)

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No Segregation of Monies; No Interest. Subject to Sections 5.01 and 5.02Section 5.01, 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 the 2014-A Basic Documents or the Sale and Servicing Agreement Applicable Law, and may be deposited under such general conditions as may be prescribed by law, Applicable Law and neither the Owner Trustee nor the Paying Agent shall not be liable for any interest thereon.

Appears in 1 contract

Samples: Trust Agreement (Mercedes-Benz Auto Lease Trust 2014-A)

No Segregation of Monies; No Interest. Subject to Sections 5.01 5.1 and 5.025.2, 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 law, the Indenture, [the Swap Agreement] 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 not be liable for any interest thereon.

Appears in 1 contract

Samples: Trust Agreement (Carmax Auto Funding LLC)

No Segregation of Monies; No Interest. Subject to Sections 5.01 5.1 and 5.025.2, monies received by the Owner Trustee or the any Certificate Paying Agent hereunder including all Certificate Account Property need not be segregated in any manner except to the extent required by law or the Indenture 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 or any Certificate Paying Agent shall be liable for any interest thereon.

Appears in 1 contract

Samples: Trust Agreement (M&i Dealer Auto Securitization LLC)

No Segregation of Monies; No Interest. Subject to Sections 5.01 5.1 and 5.025.2, monies received by the Owner Trustee or the any Certificate Paying Agent hereunder need not be segregated in any manner except to the extent required by law law, the Indenture 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 any Certificate Paying Agent shall be liable for any interest thereon.

Appears in 1 contract

Samples: Trust Agreement (Bank One Auto Securitization Trust 2003-1)

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 not be liable for any interest thereon.. 11 JDOT 2009-B Trust Agreement

Appears in 1 contract

Samples: Trust Agreement (John Deere Owner Trust 2009-B)

No Segregation of Monies; No Interest. Subject to Sections 5.01 5.1 and 5.025.2, monies received by the Owner Trustee or the any Paying Agent hereunder need not be segregated in any manner except to the extent required by law or the Indenture 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 any Paying Agent shall not be liable for any interest thereon.

Appears in 1 contract

Samples: Norwest Auto Receivables Corp

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 law, the Indenture, 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 not be liable for any interest thereon.

Appears in 1 contract

Samples: Trust Agreement (WDS Receivables LLC)

No Segregation of Monies; No Interest. Subject to Sections 5.01 and 5.02Section 5.01, 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 Transaction Documents and may be deposited under such general conditions as may be prescribed by law, and neither the Owner Trustee nor the Paying Agent shall not be liable for any interest thereon.

Appears in 1 contract

Samples: Trust Agreement (World Omni Auto Leasing LLC)

No Segregation of Monies; No Interest. Subject to Sections 5.01 and Section 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 . The Owner Trustee nor the Paying Agent shall not be liable for any interest thereon.

Appears in 1 contract

Samples: Master Trust Agreement (A I Receivables Transfer Corp)

No Segregation of Monies; No Interest. Subject to Sections 5.01 5.1 and 5.025.2, 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 law, the Indenture or the Sale and Servicing Agreement 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 not be liable for any interest thereon.

Appears in 1 contract

Samples: Trust Agreement (Bear Stearns Asset Backed Funding Inc)

No Segregation of Monies; No Interest. Subject to Sections 5.01 and 5.02, monies received by the Co-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 Co-Owner Trustee nor the Paying Agent shall not be liable for any interest thereon.

Appears in 1 contract

Samples: Trust Agreement (Onyx Acceptance Financial Corp)

No Segregation of Monies; No Interest. Subject to Sections 5.01 5.1 and 5.025.2, 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 law, the Indenture or the Sale and Servicing Agreement Agreement, and may be deposited under such general conditions 23 29 as may be prescribed by law, and neither the Owner Trustee nor the Paying Agent shall not be liable for any interest thereon.

Appears in 1 contract

Samples: Trust Agreement (Ford Credit Auto Receivables Two LLC)

No Segregation of Monies; No Interest. Subject to Sections 5.01 and 5.02, Any 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, except as provided herein, the Paying Agent and neither the Owner Trustee nor the Paying Agent shall not be liable for any interest thereon.

Appears in 1 contract

Samples: Trust Agreement (Arcadia Receivables Finance Corp)

No Segregation of Monies; No Interest. Subject to Sections 5.01 and 5.02Section 5.01, 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 the 2013-A Basic Documents or the Sale and Servicing Agreement Applicable Law, and may be deposited under such general conditions as may be prescribed by law, Applicable Law and neither the Owner Trustee nor the Paying Agent shall not be liable for any interest thereon.

Appears in 1 contract

Samples: Trust Agreement (Mercedes-Benz Auto Lease Trust 2013-A)

No Segregation of Monies; No Interest. Subject to Sections 5.01 5.1 and 5.025.2, monies received by the Owner Trustee or the any Paying Agent hereunder need not be segregated in any manner except to the extent required by law or the Indenture 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 any Paying Agent shall be liable for any interest thereon.. TRUST AGREEMENT

Appears in 1 contract

Samples: Trust Agreement (Key Consumer Acceptance Corp)

No Segregation of Monies; No Interest. Subject ------------------------------------- to Sections 5.01 5.1 and 5.025.2, 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 law, the Indenture 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 not be liable for any interest thereon.

Appears in 1 contract

Samples: Trust Agreement (Pooled Auto Securities Shelf LLC)

No Segregation of Monies; No Interest. Subject to ------------------------------------- Sections 5.01 5.1 and 5.025.2, 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 law, the Indenture 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 not be liable for any interest thereon.

Appears in 1 contract

Samples: Trust Agreement (Pooled Auto Securities Shelf LLC)

No Segregation of Monies; No Interest. Subject to Sections Section 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 law, this Agreement 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 not be liable for any interest thereon.

Appears in 1 contract

Samples: Trust Agreement (Caterpillar Financial Funding Corp)

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 law, the Indenture 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 not be liable for any interest thereon.

Appears in 1 contract

Samples: Trust Agreement (Pooled Auto Securities Shelf LLC)

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 (other than monies constituting Excluded Property) need not be segregated in any manner except to the extent required by law or law, the Indenture, the Sale and Servicing Agreement or the Swap 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 not be liable for any interest thereon.

Appears in 1 contract

Samples: Trust Agreement (Wachovia Auto Owner Trust 2008-A)

No Segregation of Monies; No Interest. Subject to Sections 5.01 5.1 and 5.025.2, monies received by the Owner Trustee or the any Paying Agent hereunder need not be segregated in any manner except to the extent required by law or the Indenture 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 any Paying Agent shall be liable for any interest thereon.

Appears in 1 contract

Samples: Trust Agreement (Bank One Auto Securitization LLC)

No Segregation of Monies; No Interest. Subject to Sections 5.01 and 5.02Section 5.01, 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 the 2015-A Basic Documents or the Sale and Servicing Agreement Applicable Law, and may be deposited under such general conditions as may be prescribed by law, Applicable Law and neither the Owner Trustee nor the Paying Agent shall not be liable for any interest thereon.

Appears in 1 contract

Samples: Trust Agreement (Mercedes-Benz Auto Lease Trust 2015-A)

No Segregation of Monies; No Interest. Subject to Sections 5.01 5.1 and 5.025.2, monies received by the Owner Trustee or the any Certificate Paying Agent hereunder need not be segregated in any manner except to the extent required by law or the Indenture 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 any Certificate Paying Agent shall be liable for any interest thereon.

Appears in 1 contract

Samples: Trust Agreement (Bond Securitization LLC)

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