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 2 contracts
Samples: Trust 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
Samples: 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
Samples: Trust Agreement, Installment Sale 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
Samples: Trust Agreement