Common use of Moneys Held by Indenture Trustee Clause in Contracts

Moneys Held by Indenture Trustee. Subject to Sections 5.08 hereof and 14.04 hereof, all moneys received by the Indenture Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by mandatory provisions of law. Neither the Owner Trustee nor, subject to Section 5.08 hereof, the Indenture Trustee nor any agent thereof shall be under any liability for interest on any moneys received by it hereunder.

Appears in 15 contracts

Samples: Trust Indenture and Security Agreement (Federal Express Corp), Trust Indenture and Security Agreement (Federal Express Corp), Trust Indenture and Security Agreement (Federal Express Corp)

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Moneys Held by Indenture Trustee. Subject to Sections -------------------------------- 5.08 hereof and 14.04 hereof, all moneys received by the Indenture Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by mandatory provisions of law. Neither the Owner Trustee nor, subject to Section 5.08 hereof, the Indenture Trustee nor any agent thereof shall be under any liability for interest on any moneys received by it hereunder.

Appears in 2 contracts

Samples: Trust Indenture and Security Agreement (Midway Airlines Corp), Note Purchase Agreement (Midway Airlines Corp)

Moneys Held by Indenture Trustee. Subject to Sections 5.08 -------------------------------- hereof and 14.04 hereof, all moneys received by the Indenture Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by mandatory provisions of law. Neither the Owner Trustee Company nor, subject to Section 5.08 hereof, the Indenture Trustee nor any agent thereof shall be under any liability for interest on any moneys received by it hereunder.

Appears in 1 contract

Samples: Note Purchase Agreement (Midway Airlines Corp)

Moneys Held by Indenture Trustee. Subject to Sections 5.08 hereof and 14.04 hereof, all moneys received by the Indenture Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by mandatory provisions of law. Neither the Owner Trustee Company nor, subject to Section 5.08 hereof, the Indenture Trustee nor any agent thereof shall be under any liability for interest on any moneys received by it hereunder.

Appears in 1 contract

Samples: Note Purchase Agreement (Midway Airlines Corp)

Moneys Held by Indenture Trustee. Subject to the provisions of Sections 5.08 hereof 5.03, 5.04 and 14.04 10.04 hereof, all moneys received by the Indenture Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by mandatory provisions of law. Neither the Owner Trustee nor, subject to Section 5.08 hereof, the Indenture Trustee nor any agent thereof of the Issuer or the Indenture Trustee shall be under any liability for interest on any moneys received by it hereunderhereunder except as otherwise agreed with the Issuer.

Appears in 1 contract

Samples: Indenture (Latam Airlines Group S.A.)

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Moneys Held by Indenture Trustee. Subject to Sections 5.08 hereof and 14.04 the provisions of Section 10.04 hereof, all moneys received by the Indenture Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by mandatory provisions of law. Neither the Owner Trustee nor, subject to Section 5.08 hereof, the Indenture Trustee nor any agent thereof of the Issuer or the Indenture Trustee shall be under any liability for interest on any moneys received by it hereunder.

Appears in 1 contract

Samples: Junior Subordinated Indenture (GW Capital Trust II)

Moneys Held by Indenture Trustee. Subject to Sections 5.08 hereof -------------------------------- and 14.04 hereof, all moneys received by the Indenture Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by mandatory provisions of law. Neither the Owner Trustee nor, subject to Section 5.08 hereof5.08, the Indenture Trustee nor any agent thereof shall be under any liability for interest on any moneys received by it hereunder.

Appears in 1 contract

Samples: Trust Indenture and Security Agreement (Delta Air Lines Inc /De/)

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