Common use of No Segregation of Moneys; No Interest Clause in Contracts

No Segregation of Moneys; No Interest. Any moneys paid to or retained by the Indenture Trustee pursuant to any provision hereof and not then required to be distributed to any Note Holder, the Lessee or the Owner Trustee as provided in Article III hereof need not be segregated in any manner except to the extent required by law, and may be deposited under such general conditions as may be prescribed by law, and the Indenture Trustee shall not (except as otherwise provided in Section 3.07 hereof) be liable for any interest thereon; provided that any payments received or applied hereunder by the Indenture Trustee shall be accounted for by the Indenture Trustee so that any portion thereof paid or applied pursuant hereto shall be identifiable as to the source thereof.

Appears in 14 contracts

Samples: Trust Indenture and Security Agreement (America West Airlines Inc), Trust Indenture and Security Agreement (America West Airlines Inc), Trust Indenture and Security Agreement (America West Airlines Inc)

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No Segregation of Moneys; No Interest. Any moneys paid to or retained by the Indenture Trustee pursuant to any provision hereof and not then required to be distributed to any Note Holder, the Lessee or the Owner Trustee as provided in Article III hereof need not be segregated in any manner except to the extent required by law, and may be deposited under such general conditions as may be prescribed by law, and the Indenture Trustee shall not (except as otherwise provided in Section 3.07 hereof) be liable for any interest thereon; provided that any Trust Indenture payments received or applied hereunder by the Indenture Trustee shall be accounted for by the Indenture Trustee so that any portion thereof paid or applied pursuant hereto shall be identifiable as to the source thereof.

Appears in 2 contracts

Samples: Trust Indenture and Security Agreement (America West Airlines Inc), Trust Indenture and Security Agreement (America West Airlines Inc)

No Segregation of Moneys; No Interest. Any moneys paid to or retained by the Indenture Loan Trustee pursuant to any provision hereof and not then required to be distributed to any Note HolderNoteholder, the Lessee or the Owner Trustee as provided in Article III 3 hereof need not be segregated in any manner except to the extent provided herein or as otherwise required by law, and may may, except as aforesaid, be deposited under such general conditions as may be prescribed by law, and the Indenture Loan Trustee shall not (except as otherwise provided in Section 3.07 9.07 hereof) be liable for any interest thereon; provided that any payments received or applied hereunder by the Indenture Loan Trustee shall be accounted for by the Indenture Loan Trustee so that any portion thereof paid or applied pursuant hereto shall be identifiable as to the source thereof.

Appears in 1 contract

Samples: Trust Indenture and Security Agreement (American Airlines Inc)

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No Segregation of Moneys; No Interest. Any moneys paid to or retained by the Indenture Trustee pursuant to any provision hereof and not then required to be distributed to any Note Holder, the Lessee or the Owner Trustee as provided in Article III hereof need not be segregated in any manner except to the extent required by law, and may be deposited under such general conditions as may be prescribed by law, and the Indenture Trustee shall not (except as otherwise provided in Section 3.07 hereof) be liable for any interest thereon; provided that any payments received or applied hereunder by the Indenture Trustee shall be accounted for by the Indenture Trustee so that any portion thereof paid or applied pursuant hereto shall be identifiable as to the source thereof.. Trust Indenture

Appears in 1 contract

Samples: Trust Indenture and Security Agreement (America West Airlines Inc)

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