No Segregation of Moneys; No Interest. Moneys received by the Treasurer hereunder need not be segregated in any manner except to the extent required by law or as otherwise provided herein and may be deposited under such general conditions as may be prescribed by law, and neither the Owner Trustee nor the Bank shall be liable for any interest thereon (unless such funds are invested in interest-bearing investments of the Bank).
Appears in 4 contracts
Samples: Trust Agreement (Medallion Financial Corp), Trust Agreement (Medallion Financial Corp), Trust Agreement (Medallion Financial Corp)
No Segregation of Moneys; No Interest. Moneys Except as otherwise provided herein or in the Indenture or as otherwise directed in writing by the Owners, moneys received by the Treasurer Owner Trustee hereunder need not be segregated in any manner except to the extent required by law or as otherwise provided herein and may be deposited under such general conditions as may be prescribed by law, and neither the Owner Trustee nor the Bank shall be liable for to pay the Owners any interest thereon (unless such funds are invested in interest-bearing investments of the Bank)thereon.
Appears in 2 contracts
Samples: Trust Agreement (Mid State Trust Vi), Trust Agreement (Mid-State Homes Inc)
No Segregation of Moneys; No Interest. Moneys Except as otherwise provided herein or in the Indenture, moneys received by the Treasurer Owner Trustee hereunder need not be segregated in any manner except to the extent required by law or as otherwise provided herein and may be deposited under such general conditions as may be prescribed by law, and neither the Owner Trustee nor the Bank shall be liable for any interest thereon (unless such funds are invested in interest-bearing investments of the Bank)thereon.
Appears in 1 contract
Samples: Deposit Trust Agreement (American Residential Eagle Inc)
No Segregation of Moneys; No Interest. Moneys received by the Treasurer Trustee hereunder need not be segregated in any manner except to the extent required by law or as otherwise provided herein the Basic Documents and may be deposited under such general conditions as may be prescribed by law, and neither the Owner Trustee nor the Bank shall not be liable for any interest thereon (unless such funds are invested in interest-bearing investments of the Bank)thereon.
Appears in 1 contract
Samples: Trust Agreement (Efg Funding Corp)
