Money to Be Held in Trust. Subject to the provisions of Section 13.04, all money received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which it was received. Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law.
Appears in 4 contracts
Samples: Indenture (Cooper Industries, Ltd.), Indenture (Cooper Industries LTD), Indenture (Cooper Crouse-Hinds, LLC)
Money to Be Held in Trust. Subject to the provisions of Section 13.04Sections 13.04 and 13.05, all money received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which it was received. Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law. The Trustee shall be under no 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 (Coca-Cola Consolidated, Inc.), Indenture (Nucor Corp)
Money to Be Held in Trust. Subject to the provisions of Section 13.04Sections 14.03 and 14.04, all money received by the Trustee shallTrustee, until used or applied as herein provided, shall be held in trust for the purposes for which it was received. Money held by the Trustee in trust hereunder need not be segregated from other funds except as provided by law. The Trustee shall be under no liability for interest on any money received by it under this Indenture, provided that the Trustee pays to the extent required by lawPersons entitled thereto all such money when due and payable. Section 6.06.
Appears in 1 contract
Samples: Mercantile Bancorporation Inc
Money to Be Held in Trust. Subject to the provisions of Section Sections 13.03 and 13.04, all money received by the Trustee shallTrustee, until used or applied as herein provided, shall be held in trust for the purposes for which it was received. Money held by the Trustee in trust hereunder need not be segregated from other funds except as provided by law. The Trustee shall be under no liability for interest on any money received by it under this Indenture, provided that the Trustee pays to the extent required by lawPersons entitled thereto all such money when due and payable. Section 5.06.
Appears in 1 contract
Samples: Mercantile Bancorporation Inc
Money to Be Held in Trust. Subject to the provisions of Section 13.0412.04 hereof, all money received by the Trustee or any Paying Agent shall, until used or applied as herein provided, be held in trust for the purposes for which it was they were received. Money held by the Trustee in trust hereunder , but need not be segregated from other funds funds, except to the extent required by law. Neither the Trustee nor any Paying Agent shall be under any liability for interest on any money received by it hereunder except such as it may agree in writing with the Company to pay thereon.
Appears in 1 contract
Samples: Bank of America Corp /De/
Money to Be Held in Trust. Subject to the provisions of Section 13.04, all money received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which it was received. Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Company.
Appears in 1 contract
Samples: Nucor Corp
Money to Be Held in Trust. Subject to the provisions of Section Sections 13.03 and 13.04, all money received by the Trustee shallTrustee, until used or applied as herein provided, shall be held in trust for the purposes for which it was received. Money held by the Trustee in trust hereunder need not be segregated from other funds except as provided by law. The Trustee shall be under no liability for interest on any money received by it under this Indenture, provided that the Trustee pays to the extent required by lawPersons entitled thereto all such money when due and payable.
Appears in 1 contract
Samples: Mercantile Bancorporation Inc
Money to Be Held in Trust. Subject to the provisions of Section 13.04Sections 14.03 and 14.04, all money received by the Trustee shallTrustee, until used or applied as herein provided, shall be held in trust for the purposes for which it was received. Money held by the Trustee in trust hereunder need not be segregated from other funds except as provided by law. The Trustee shall be under no liability for interest on any money received by it under this Indenture, provided that the Trustee pays to the extent required by lawPersons entitled thereto all such money when due and payable.
Appears in 1 contract
Samples: Mercantile Bancorporation Inc