Common use of Held in Trust Clause in Contracts

Held in Trust. The moneys and investments held by the Trustee under this Trust Agreement are irrevocably held in trust for the benefit of the Owners of the Obligations and for the purposes herein specified, and such moneys, and any income or interest earned thereon, shall be expended only as provided in this Trust Agreement and shall not be subject to levy or attachment or lien by or for the benefit of any creditor of the City or any Owner of the Obligations.

Appears in 3 contracts

Sources: Second Excise Tax/State Shared Revenue Trust Agreement, Trust Agreement, Trust Agreement

Held in Trust. The moneys and investments Permitted Investments held by the Trustee under this Trust Agreement are irrevocably held in trust for the benefit of the District and the Owners of the Obligations and Certificates solely for the purposes herein specified, and such moneys, and any income or interest earned thereon, shall be expended only as provided in this Trust Agreement Agreement, and shall not be subject to levy or attachment or lien by or for the benefit of any creditor of the City Corporation, the Trustee, the District or any the Owner of the Obligationsany Certificates.

Appears in 2 contracts

Sources: Installment Sale Agreement, Trust Agreement

Held in Trust. The Except as otherwise provided in Section 8.8 hereof, the moneys and investments held by the Trustee under pursuant to this Trust Agreement are irrevocably held in trust for the benefit of the Owners of the Obligations Certificates, and for the purposes herein specified, and such moneys, and any income or interest earned thereon, shall be expended only as provided in this Trust Agreement Agreement, and shall not be subject to levy or attachment or lien by or for the benefit of any creditor of the City Lessor, the Trustee or the Lessee or any Owner of the ObligationsCertificates.

Appears in 2 contracts

Sources: Trust Agreement, Trust Agreement

Held in Trust. The moneys and investments Permitted Investments held by the Trustee under this Trust Agreement are shall be irrevocably held in trust for the benefit of the County and the Certificate Owners of the Obligations and solely for the purposes herein specified, and such moneys, and any income or interest earned thereon, shall be expended only as provided in this Trust Agreement Agreement, and shall not be subject to levy or attachment or lien by or for the benefit of any creditor of the City Corporation, the Trustee, the County or any the Owner of the Obligationsany Certificates.

Appears in 1 contract

Sources: Trust Agreement

Held in Trust. The moneys and investments held by the Trustee under this Trust Agreement are irrevocably held in trust for the benefit of the Owners of the Obligations Obligations, and for the purposes herein specified, and such moneys, and any income or interest earned thereon, shall be expended only as provided in this Trust Agreement Agreement, and shall not be subject to levy or attachment or lien by or for the benefit of any creditor of the City City, the Trustee or any Owner of the Obligations.

Appears in 1 contract

Sources: Trust Agreement

Held in Trust. The moneys and investments held by the Trustee under this Trust Agreement are irrevocably held in trust for the benefit of the Owners of the Obligations Certificates and for the purposes herein specified, specified and such moneys, and any income or interest earned thereon, shall be expended only as provided in this Trust Agreement and shall not (except as set forth in Section 9.03 hereof) be subject to levy or levy, attachment or lien by or for the benefit of any creditor of the City Authority, the Trustee, the Town or any Owner of the ObligationsCertificates.

Appears in 1 contract

Sources: Trust Agreement

Held in Trust. The moneys and investments held by the Trustee under this Trust Agreement are irrevocably held in trust for the benefit of the Owners of the Obligations Owner and for the purposes herein specified, and such moneys, and any income or interest earned thereon, shall be expended only as provided in this Trust Agreement and shall not be subject to levy or attachment or lien by or for the benefit of any creditor of the City or any Owner of the ObligationsOwner.

Appears in 1 contract

Sources: Trust Agreement

Held in Trust. The moneys and investments held by the Trustee under this Trust Agreement are irrevocably held in trust for the benefit of the Owners of the Obligations and for the purposes herein specified, and such moneys, and any income or interest earned thereon, shall be expended only as provided in this Trust Agreement and shall not be subject to levy or attachment or lien by or for the benefit of any creditor of the City Town or any Owner of the Obligations.

Appears in 1 contract

Sources: Trust Agreement

Held in Trust. The moneys and investments held by the Trustee under this Trust Agreement are irrevocably held in trust for the benefit of the Owners of the Obligations and for the purposes herein specified, and such moneys, and any income or interest earned thereon, shall be expended only as provided in this Trust Agreement and shall not be subject to levy or attachment or lien by or for the benefit of any creditor of the City or any Owner of the ObligationsOwners.

Appears in 1 contract

Sources: Trust Agreement

Held in Trust. The moneys and investments Permitted Investments held by the Trustee under this Trust Agreement are irrevocably held in trust for the benefit of the District and the Owners of the Obligations and Certificates solely for the purposes herein specified, and such moneys, and any income or interest earned thereon, shall be expended only as provided in this Trust Agreement Agreement, and shall not be subject to levy or attachment or lien by or for the benefit of any creditor of the City Corporation, the Trustee, the District, The Certificate Insurer or any the Owner of the Obligationsany Certificates.

Appears in 1 contract

Sources: Trust Agreement

Held in Trust. The moneys and investments held by the Trustee under this Trust Agreement are irrevocably held in trust for the benefit of the Owners of the Obligations and for the purposes herein specifiedOwners, and such moneys, and any income or interest earned thereon, shall will be expended only as provided in this Trust Agreement Agreement, and shall will not be subject to levy or attachment or lien by or for the benefit of any creditor of the City Corporation, the Trustee or any Owner of the ObligationsTown.

Appears in 1 contract

Sources: Trust Agreement

Held in Trust. The moneys and investments held by the Trustee under this Trust Agreement are irrevocably held in trust for the benefit of the Owners of the Obligations Certificates, and for the purposes herein specified, and such moneys, and any income or interest earned thereon, shall be expended only as provided in this Trust Agreement Agreement, and shall not be subject to levy or attachment or lien by or for the benefit of any creditor of either the City Corporation, the Trustee (except as provided in Section 8.03 below) or the District or any Owner of Certificates, or any of them until after the ObligationsCertificates have been paid in full.

Appears in 1 contract

Sources: Trust Agreement

Held in Trust. The moneys and investments Permitted Investments held by the Trustee under this Trust Agreement are irrevocably held in trust for the benefit of the City and the Owners of the Obligations and Certificates solely for the purposes herein specified, and such moneys, and any income or interest earned thereon, shall be expended only as provided in this Trust Agreement Agreement, and shall are not be subject to levy or attachment or lien by or for the benefit of any creditor of the Corporation, the Trustee, the City or any the Owner of the Obligationsany Certificates.

Appears in 1 contract

Sources: Trust Agreement

Held in Trust. The moneys and investments held by the Trustee under this Trust Agreement are irrevocably held in trust for the benefit of the Owners of the Obligations and for the purposes herein specified, and such moneys, and any income or interest earned thereon, shall be expended only as provided in this Trust Agreement and shall not be subject to levy or attachment or lien by or for the benefit of any creditor of the City or any Owner of the Obligations.Owners.β€Œ

Appears in 1 contract

Sources: Trust Agreement

Held in Trust. The moneys and investments held by the Trustee under this Trust Agreement are irrevocably held in trust for the benefit of the Owners of the Obligations Certificates and for the purposes herein specified, specified and such moneys, and any income or interest earned thereon, shall be expended only as provided in this Trust Agreement and shall not (except as set forth in Section 9.03 hereof) be subject to levy or levy, attachment or lien by or for the benefit of any creditor of the Authority, the Trustee, the City or any Owner of the ObligationsCertificates.

Appears in 1 contract

Sources: Trust Agreement