Moneys to be Held in Trust. Subject to the provisions of Sections 9.3 and 9.4, all moneys received by the Trustee or any paying agent, all money and U.S. Government Obligations deposited with the Trustee pursuant to Section 9.8 and all money received by the Trustee in respect of U.S. Government Obligations deposited with the Trustee pursuant to Section 9.8, 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 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 Issuer to pay thereon. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the Issuer signed by one of its officers, who is one of the officers who may sign an Officers' Certificate.
Appears in 6 contracts
Sources: Subordinated Debt Indenture (Ahold Finance Usa Inc), Indenture (Newmont Mining Corp), Subordinated Debt Indenture (Royal Ahold)
Moneys to be Held in Trust. Subject to the provisions of Sections 9.3 and 9.4, all moneys received by the Trustee or any paying agent, all money and U.S. Government Obligations deposited with the Trustee pursuant to Section 9.8 9.7 and all money received by the Trustee in respect of U.S. Government Obligations deposited with the Trustee pursuant to Section 9.89.7, 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 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 Issuer to pay thereon. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the Issuer signed by one of its officers, who is one of the officers who may sign an Officers' Certificate.
Appears in 2 contracts
Sources: Subordinated Debt Indenture (Stolt Offshore S A), Subordinated Debt Indenture (Stolt Offshore S A)
Moneys to be Held in Trust. Subject to the provisions of Sections 9.3 and 9.49.4 hereof, all moneys received by the Trustee or any paying agent, all money and U.S. Government Obligations deposited with the Trustee pursuant to Section 9.8 11.2 or Section 11.3 and all money received by the Trustee in respect of U.S. Government Obligations deposited with the Trustee pursuant to Section 9.811.2 or Section 11.3, 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 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 Issuer to pay thereon. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the Issuer signed by one of its officers, who is one of the officers who may sign an Officers' Certificate.
Appears in 1 contract
Sources: Indenture (Textron Financial Corp)
Moneys to be Held in Trust. Subject to the provisions of -------------------------- Sections 9.3 and 9.4, all moneys received by the Trustee or any paying agent, all money and U.S. Government Obligations deposited with the Trustee pursuant to Section 9.8 and all money received by the Trustee in respect of U.S. Government Obligations deposited with the Trustee pursuant to Section 9.8, 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 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 Issuer to pay thereon. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the Issuer signed by one of its officers, who is one of the officers who may sign an Officers' Certificate.
Appears in 1 contract
Sources: Indenture (Newmont Gold Co)
Moneys to be Held in Trust. Subject to the provisions of -------------------------- Sections 9.3 and 9.4, all moneys monies received by the Trustee or any paying agent, all money and U.S. Government Obligations deposited with the Trustee pursuant to Section 9.8 and all money received by the Trustee in respect of U.S. Government Obligations deposited with the Trustee pursuant to Section 9.8, 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 paying agent shall be under any liability for interest on any moneys monies received by it hereunder, except such as it may agree in writing with the Issuer to pay thereon. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys monies shall be paid from time to time upon the written order of the Issuer signed by one of its officers, who is one of the officers who may sign an Officers' Certificate.
Appears in 1 contract
Sources: Indenture (Newmont Gold Co)