Common use of Moneys Received by Trustee to Be Held in Trust Clause in Contracts

Moneys Received by Trustee to Be Held in Trust. Moneys held by the Trustee in trust 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 with the Company.

Appears in 15 contracts

Samples: Senior Indenture (Achieve Life Sciences, Inc.), Indenture (Biolife Solutions Inc), Indenture (Oncogenex Pharmaceuticals, Inc.)

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Moneys Received by Trustee to Be Held in Trust. Moneys held ---------------------------------------------- by the Trustee in trust 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 with the Company.

Appears in 2 contracts

Samples: Exodus Communications Inc, Exodus Communications Inc

Moneys Received by Trustee to Be Held in Trust. Moneys held 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 funds, except to the extent required by law. The Trustee shall be under no liability for interest on any money moneys received by it hereunder except as otherwise agreed with the Companyhereunder.

Appears in 1 contract

Samples: Indenture (KFX Inc)

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Moneys Received by Trustee to Be Held in Trust. Moneys held ---------------------------------------------- by the Trustee Trustee, in trust 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 with the Company.

Appears in 1 contract

Samples: Subordinated Indenture (Exodus Communications Inc)

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