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: Subordinated Indenture (NewAmsterdam Pharma Co N.V.), Senior Indenture (NewAmsterdam Pharma Co N.V.), Senior Indenture (Summit Financial Group, Inc.)
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: Subordinated Indenture (Flushing Financial Corp), Subordinated Indenture (Flushing Financial Corp), Subordinated Indenture (Amalgamated Financial 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 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 (Lyondell Petrochemical Co), Indenture (Atlantic Richfield Co /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 thereonCompany.
Appears in 6 contracts
Samples: Indenture (Markel Corp), Junior Subordinated Indenture (New South Capital Trust I), Indenture (Vesta Insurance Group Inc)
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/), Restated 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 hereof12.04, 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 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 3 contracts
Samples: Indenture (Accenture PLC), Indenture (Accenture Global Capital DAC), Indenture (Accenture Global Capital DAC)
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 (Municipal Mortgage & Equity LLC), Indenture (Countrywide Financial Corp)
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 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 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: Indenture (Emc Corp)
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 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 Companies to pay thereon.
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)