Common use of Held in Trust Clause in Contracts

Held in Trust. Money held by the Trustee or any Paying Agent in trust hereunder need not be segregated from other funds except to the extent required by law. The Trustee or any Paying Agent 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: Indenture (PHP Healthcare Corp), Indenture (Boise Cascade Trust Iii), Indenture (Res Care Inc /Ky/)

AutoNDA by SimpleDocs

Held in Trust. Money held by the Trustee Trustee, or any Paying Agent Agent, in trust hereunder need not be segregated from other funds except to the extent required by law. The Neither the Trustee or nor any Paying Agent shall be under no any liability for interest on any money received by it hereunder except as otherwise agreed in writing with the CompanyCorporation.

Appears in 5 contracts

Samples: Indenture (United States Steel Corp), Indenture (United States Steel Corp), Indenture (United States Steel Corp)

Held in Trust. Money held by the Trustee Trustee, or by any Paying Agent (other than the Company if the Company shall act as Paying Agent), in trust hereunder need not be segregated from other funds except to the extent required by law. The Trustee or any Paying Agent shall be under no liability for interest on any money received by it hereunder except as otherwise agreed with the Company.

Appears in 3 contracts

Samples: Indenture (NVP Capital Iii), Indenture (Dole Food Co Inc), Indenture (Southwest Gas Corp)

Held in Trust. Money held by the Trustee Trustee, or any Paying Agent Agent, in trust hereunder need not be segregated from other funds except to the extent required by law. The Neither the Trustee or nor any Paying Agent shall be under no any 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 (Usx Corp), Indenture (Usx Corp)

Held in Trust. Money held by the Trustee or any Paying Agent in trust hereunder need not be segregated from other funds except to the extent required by law. The Trustee or any Paying Agent shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the CompanyCompany or any Guarantor (if applicable).

Appears in 1 contract

Samples: Indenture (Nabors Industries LTD)

Held in Trust. Money held by the Trustee or any Paying Agent in trust hereunder need not must be segregated from other funds except to the extent required by lawfunds. The Trustee or any Paying Agent shall be under no liability for interest on any money received by it and held by it hereunder in trust except as otherwise agreed with the CompanyIssuer.

Appears in 1 contract

Samples: Indenture (Olympic Financial LTD)

Held in Trust. Money held by the Trustee or any Paying Agent (other than the Company or any of its Affiliates) in trust hereunder need not be segregated from other funds except to the extent required by law. The Neither the Trustee or nor any such Paying Agent shall be under no any liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Company.

Appears in 1 contract

Samples: Indenture (Polyphase Corp)

AutoNDA by SimpleDocs

Held in Trust. Money held by the Trustee or any Paying Agent in trust hereunder need not be segregated from other funds except to the extent required by law. The Neither the Trustee or nor any Paying Agent shall be under no have any liability for interest on any money received by it hereunder except as otherwise agreed with the Company.

Appears in 1 contract

Samples: Indenture (Nordstrom Inc)

Held in Trust. Money held by the Trustee or any Paying Agent in trust hereunder need not (including amounts held by the Trustee as Paying Agent) shall to be segregated from other funds except to the extent required as otherwise provided by law. The Trustee or any Paying Agent shall be under no liability for interest on any money received by it hereunder except as otherwise agreed upon in writing with the Company.

Appears in 1 contract

Samples: Indenture (American Heritage Life Investment Corp)

Held in Trust. Money held by the Trustee or any Paying Agent in trust hereunder (including amounts held by the Trustee as Paying Agent) need not to be segregated from other funds except to the extent required by law. The Trustee or any Paying Agent shall be under no liability for interest on any money received by it hereunder except as otherwise agreed upon in writing with the Company.

Appears in 1 contract

Samples: Indenture (American Heritage Life Investment Corp)

Held in Trust. Money held by the Trustee or any Paying Agent in trust hereunder need not be segregated from other funds except to the extent required by law. The Neither the Trustee or nor any Paying Agent agent of the Trustee shall be under no any liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Company.

Appears in 1 contract

Samples: Senior Indenture (Maverick Tube Corporation)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!