Common use of Money to Be Held in Trust Clause in Contracts

Money to Be Held in Trust. Subject to the provisions of Sections 10.03 and 10.04, all money received by the Trustee, 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 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 Persons entitled thereto all such money when due and payable.

Money to Be Held in Trust. Subject to the provisions of Sections 10.03 and 10.04Section 13.04, all money received by the TrusteeTrustee shall, 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 to the extent required 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 Persons entitled thereto all such money when due and payableSECTION 8.06.