Common use of Moneys Held by Trustee Clause in Contracts

Moneys Held by Trustee. Subject to the provisions of Section [ ] hereof, all moneys received by the 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 Trustee nor any agent of the Issuer or the Trustee shall be under any liability for interest on any moneys received by it hereunder.

Appears in 2 contracts

Samples: Indenture (Nationwide Financial Services Inc/), Indenture (Nationwide Financial Services Inc/)

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Moneys Held by Trustee. Subject to the provisions of Section [ ] SECTION 9.4 hereof, all moneys received by the 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 Trustee nor any agent of the Issuer Company or the Trustee shall be under any liability for interest on any moneys received by it hereunder, except as the Company and the Trustee otherwise may agree.

Appears in 2 contracts

Samples: Indenture (Edison Mission Energy), Indenture (Edison Mission Finance Co)

Moneys Held by Trustee. Subject to the provisions of Section [ ] hereof11.06, all moneys received by the 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 Trustee nor any agent of the Issuer or the The Trustee shall be under any no liability for interest on any moneys received by it hereunderhereunder except such as it may agree in writing with the Company to pay thereon.

Appears in 2 contracts

Samples: Indenture (Spectra Energy Partners, LP), Indenture (Louisville Gas & Electric Co /Ky/)

Moneys Held by Trustee. Subject to the provisions of Section [ ] 8.4 hereof, all moneys received by the 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 Trustee nor any agent of the Issuer or the Trustee shall be under any liability for interest on any moneys received by it hereunder.

Appears in 1 contract

Samples: Citizens Communications Co

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Moneys Held by Trustee. Subject to the provisions of Section [ ] 10.4 hereof, all moneys received by the Trustee shall, until used or applied as herein 39 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 Trustee nor any agent of the Issuer or the Trustee shall be under any liability for interest on any moneys received by it hereunder.

Appears in 1 contract

Samples: Stillwater Mining Co /De/

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