Common use of Moneys to be Held in Trust Clause in Contracts

Moneys to be Held in Trust. Subject to Section 5.04 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 law. The Trustee may allow and credit to the Company interest on any money received hereunder at such rate, if any, as may be agreed upon by the Company and the Trustee from time to time as may be permitted by law.

Appears in 8 contracts

Samples: Indenture (Central Illinois Public Service Co), Indenture (Union Electric Co), Indenture (Gpu Inc /Pa/)

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Moneys to be Held in Trust. Subject to Section 5.04 4.4 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 law. The Trustee may allow and credit to the Company interest on any money received hereunder at such rate, if any, as may be agreed upon by the Company and the Trustee from time to time as may be permitted by law.

Appears in 6 contracts

Samples: Xcel Energy Inc, Indenture (Northern States Power Co /Wi/), Indenture (Northern States Power Co /Mn/)

Moneys to be Held in Trust. Subject to Section 5.04 hereof, 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 law. The Trustee may allow and credit to the Company interest on any money received hereunder at such rate, if any, as may be agreed upon by the Company and the Trustee from time to time as may be permitted by law.

Appears in 2 contracts

Samples: Indenture (Puget Sound Energy Inc), Puget Sound Energy Inc

Moneys to be Held in Trust. Subject to Section 5.04 5.05 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 law. The Trustee shall be under no liability for interest on any money received by it hereunder, except the Trustee may allow and credit to the Company interest on any money received hereunder at such rate, if any, as may be agreed upon by the Company and the Trustee from time to time as may be permitted by law.

Appears in 2 contracts

Samples: Indenture (KCPL Financing Ii), Indenture (Kansas City Power & Light Co)

Moneys to be Held in Trust. Subject to Section 5.04 hereof, 6.4 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 law. The Trustee may allow and credit to the Company interest on any money received hereunder at such rate, if any, as may be agreed upon by the Company and the Trustee from time to time as may be permitted by law.

Appears in 2 contracts

Samples: Florida Public Utilities Co, Florida Public Utilities Co

Moneys to be Held in Trust. Subject to Section 5.04 4.04 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 law. The Trustee may allow and credit to the Company interest on any money received hereunder at such rate, if any, as may be agreed upon by the Company and the Trustee from time to time as may be permitted by law. SECTION 8.06.

Appears in 1 contract

Samples: Senior Unsecured Note Indenture (Nevada Power Co)

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Moneys to be Held in Trust. Subject to Section 5.04 hereof5.04, 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 law. The Trustee may allow and credit to the Company interest on any money received hereunder at such rate, if any, as may be agreed upon by the Company and the Trustee from time to time as may be permitted by law.

Appears in 1 contract

Samples: Indenture (Oklahoma Gas & Electric Co)

Moneys to be Held in Trust. Subject to Section 5.04 5.4 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 law. The Trustee may allow and credit to the Company interest on any money received hereunder at such rate, if any, as may be agreed upon by the Company and the Trustee from time to time as may be permitted by law.

Appears in 1 contract

Samples: Indenture (Northern States Power Co /Mn/)

Moneys to be Held in Trust. Subject to Section 5.04 hereof, 5.4 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 law. The Trustee may -41- allow and credit to the Company interest on any money received hereunder at such rate, if any, as may be agreed upon by the Company and the Trustee from time to time as may be permitted by law.

Appears in 1 contract

Samples: South Jersey Gas Co/New

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