Common use of Monies to Be Held in Trust Clause in Contracts

Monies to Be Held in Trust. Subject to the provisions of Section 11.04, all monies received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received. Money held by the Trustee in trust hereunder 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 may be agreed in writing from time to time by the Company and the Trustee.

Appears in 12 contracts

Samples: Satisfaction and Discharge of Indenture (China Security & Surveillance Technology, Inc.), Notes Purchase Agreement (China Security & Surveillance Technology, Inc.), Indenture (Fushi International Inc)

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Monies to Be Held in Trust. Subject to the provisions of Section 11.0412.4, all monies received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received. Money held by the Trustee in trust hereunder 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 may be agreed to in writing from time to time by the Company and the Trustee.

Appears in 11 contracts

Samples: Penn Treaty American (Penn Treaty American Corp), Indenture (Penn Treaty American Corp), Penn Treaty American Corp

Monies to Be Held in Trust. Subject to the provisions of Section 11.04, all monies and properties received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received. Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law. The Trustee shall be under have no liability for interest on any money received by it hereunder except as may be agreed in writing from time to time by the Company and the Trustee.

Appears in 2 contracts

Samples: Indenture (Patriot Coal CORP), Indenture (Power One Inc)

Monies to Be Held in Trust. Subject to the provisions of Section 11.0413.4, all monies received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received. Money held by the Trustee in trust hereunder 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 may be agreed in writing from time to time in writing by the Company and the Trustee.

Appears in 2 contracts

Samples: Indenture (Ibasis Inc), Ibasis Inc

Monies to Be Held in Trust. Subject to the provisions of Section 11.0413.04, all monies received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received. Money held by the Trustee in trust hereunder 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 may be otherwise agreed in writing from time to time by with the Company and the TrusteeCompany.

Appears in 2 contracts

Samples: Indenture (SCS Transportation Inc), Indenture (Silicon Graphics Inc /Ca/)

Monies to Be Held in Trust. Subject to the provisions of Section 11.0413.4 hereof, all monies received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received. Money held by the Trustee in trust hereunder 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 may be agreed in writing from time to time in writing by the Company and the Trustee.

Appears in 1 contract

Samples: Indenture (Ibasis Inc)

Monies to Be Held in Trust. Subject to the provisions of Section 11.0413.4 and Section 4.2, all monies and properties received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received. Money held by the Trustee in trust hereunder 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 may be agreed in writing from time to time by the Company and the Trustee.

Appears in 1 contract

Samples: International Rectifier Corp /De/

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Monies to Be Held in Trust. Subject to the provisions of Section 11.0413.4, all monies and properties received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received. Money held by the Trustee in trust hereunder 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 may be agreed in writing from time to time by the Company and the Trustee.

Appears in 1 contract

Samples: Indenture (Spectrasite Holdings Inc)

Monies to Be Held in Trust. Subject to the provisions of Section 11.048.4, all monies received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received. Money held by the Trustee in trust hereunder thereunder 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 may be agreed in writing from time to time by the Company and the Trustee.

Appears in 1 contract

Samples: Indenture (Keystone Consolidated Industries Inc)

Monies to Be Held in Trust. Subject to the provisions of Section 11.0413.04, all monies received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received. Money held by the Trustee in trust hereunder 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 may be to the extent otherwise agreed in writing from time to time by the Company and the Trustee.

Appears in 1 contract

Samples: Conformed Copy (Chiron Corp)

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