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

Monies to Be Held in Trust. Subject to the provisions of Sections 9.3 and 9.4, all 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 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 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.