Moneys to be Held in Trust. Subject to the provisions of Section 12.04 hereof, all moneys 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 they were received, but need not be segregated from other funds except to the extent required by law. Neither the Trustee nor any paying agent shall be under any liability for interest on any moneys received by it hereunder except such as it may agree in writing with the Company to pay thereon.
Appears in 25 contracts
Samples: Indenture (NewAmsterdam Pharma Co N.V.), Indenture (Summit Financial Group, Inc.), Indenture (Chemours Co)
Moneys to be Held in Trust. Subject to the provisions of Section 12.04 hereof, all moneys received by the Trustee or any paying agent shall, until used or applied as herein provided, be held un-invested in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by law. Neither the Trustee nor any paying agent shall be under any liability for interest on any moneys received by it hereunder except such as it may agree in writing with the Company to pay thereon.
Appears in 10 contracts
Samples: Indenture (Flushing Financial Corp), Indenture (Amalgamated Financial Corp.), Indenture (Hanmi Financial Corp)
Moneys to be Held in Trust. Subject to the provisions of Section 12.04 5.05 hereof, all moneys 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 they were received, but need not be segregated from other funds except to the extent required by law. Neither The Trustee may allow and credit to the Trustee nor any paying agent shall be under any liability for Company interest on any moneys money received hereunder at such rate, if any, as may be agreed upon by it hereunder except such as it may agree in writing with the Company and the Trustee from time to pay thereontime as may be permitted by law.
Appears in 10 contracts
Samples: Indenture (Great Plains Energy Inc), Indenture (Great Plains Energy Inc), Indenture (Great Plains Energy Inc)
Moneys to be Held in Trust. Subject to the provisions of Section 12.04 hereof13.04, all moneys 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 they were received, but need not be segregated from other funds except to the extent required by law. Neither the The Trustee nor and any paying agent shall be under any no liability for interest on any moneys received by it hereunder except such as it may agree in writing with the Company to pay thereon.
Appears in 6 contracts
Samples: Indenture (Equistar Funding Corp), Indenture (Atlantic Richfield Co /De), Indenture (Lyondell Petrochemical Co)
Moneys to be Held in Trust. Subject to the provisions of Section 12.04 hereof11.04, all moneys received by the Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purposes purpose for which they were received, but need not be segregated from other funds except to the extent required by law. Neither the The Trustee nor and any paying agent shall be under any no liability for interest on any moneys money received by it hereunder except such as it may agree otherwise agreed in writing with the Company to pay thereonCompany.
Appears in 6 contracts
Samples: Indenture (New South Capital Trust I), Indenture (Madison Bancshares Group LTD), Indenture (Markel Corp)
Moneys to be Held in Trust. Subject to the provisions of Section 12.04 hereof, all moneys received by the Trustee or any paying agent Paying Agent 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 law. Neither the Trustee nor any paying agent Paying Agent shall be under any liability for interest on any moneys received by it hereunder except such as it may agree in writing with the Company to pay thereon.
Appears in 5 contracts
Samples: Indenture (Bank of America Corp /De/), Indenture (Bank of America Corp /De/), Indenture (Bank of America Corp /De/)
Moneys to be Held in Trust. Subject to the provisions of Section 12.04 hereof11.04, all moneys received by the Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purposes purpose for which they were received, but need not be segregated from other funds except to the extent required by law. Neither the The Trustee nor and any paying agent shall be under any no liability for interest on any moneys money received by it hereunder except such as it may agree otherwise agreed in writing with the Company to pay thereonand the Guarantor.
Appears in 2 contracts
Samples: Indenture (Countrywide Financial Corp), Municipal Mortgage & Equity LLC
Moneys to be Held in Trust. Subject to the provisions of Section 12.04 4.04 hereof, all moneys 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 they were received, but need not be segregated from other funds except to the extent required by law. Neither The Trustee may allow and credit to the Trustee nor any paying agent shall be under any liability for Company interest on any moneys money received hereunder at such rate, if any, as may be agreed upon by it hereunder except such as it may agree in writing with the Company and the Trustee from time to pay thereontime as may be permitted by law.
Appears in 2 contracts
Samples: Indenture (Pennsylvania Electric Co), Oge Energy Corp
Moneys to be Held in Trust. Subject to the provisions -------------------------- of Section 12.04 hereof13.04, all moneys 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 they were received, but . Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law. Neither the The Trustee nor any paying agent shall be under any no liability for interest on any moneys money received by it hereunder hereunder, except such as it may agree in writing otherwise agreed with the Company to pay thereonCompany.
Appears in 1 contract
Samples: Emc Corp
Moneys to be Held in Trust. Subject to the provisions of Section 12.04 hereof11.04, all moneys received by the Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purposes purpose for which they were received, but need not be segregated from other funds except to the extent required by law. Neither the The Trustee nor and any paying agent shall be under any no liability for interest on any moneys money received by it hereunder except such as it may agree otherwise agreed in writing with the Company to pay thereon.Company. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any
Appears in 1 contract
Samples: Indenture (Transamerica Capital Iii)
Moneys to be Held in Trust. Subject to the provisions of Section 12.04 hereof12.04, all moneys received by the Trustee or any paying agent Paying Agent shall, until used or applied as herein provided, be held in trust for the purposes purpose for which they were received, but need not be segregated from other funds except to the extent required by law. Neither the The Trustee nor and any paying agent Paying Agent shall be under any no liability for interest on any moneys money received by it hereunder except such as it may agree otherwise agreed in writing with the Company to pay thereon.Company. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any
Appears in 1 contract
Moneys to be Held in Trust. Subject to the provisions of Section 12.04 11.02 hereof, all moneys 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 they were received, but . Moneys held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law. Neither Except as otherwise provided herein, the Trustee nor any paying agent shall be under any no liability for interest on any moneys received by it hereunder except such as it may agree be agreed in writing with from time to time by the Company to pay thereonIssuer and the Trustee.
Appears in 1 contract
Moneys to be Held in Trust. Subject to the provisions of Section 12.04 hereof13.04, all moneys 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 they were received, but need not be segregated from other funds except to the extent required by law. Neither the The Trustee nor and any paying agent shall be under any no liability for interest on any moneys received by it hereunder except such as it may agree in writing with the Company to pay thereon.
Appears in 1 contract
Samples: Indenture (Betzdearborn Inc)