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

No Segregation of Moneys; No Interest. Except as otherwise ------------------------------------- provided herein, in any other Operative Document or in written instructions from the Owner Participant, moneys received by the Owner Trustee hereunder 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 Owner Trustee shall not be liable for any interest thereon.

Appears in 2 contracts

Samples: Trust Agreement (Mobil Corp), Trust Agreement (Mobil Corp)

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No Segregation of Moneys; No Interest. Except as otherwise ------------------------------------- provided herein, in any other Operative Document or in written instructions from the Owner Participant, moneys received by the Owner Trustee hereunder need not be segregated in any manner except to the extent required by law, law and may be deposited under such general conditions as may be prescribed by law, and the Owner Trustee shall not be liable for any interest thereonthereon except as may be agreed to by it.

Appears in 2 contracts

Samples: Trust Agreement (Panda Interfunding Corp), Trust Agreement (Panda Interfunding Corp)

No Segregation of Moneys; No Interest. Except as otherwise ------------------------------------- provided herein, in any other Operative Document herein or in written instructions from the Owner ParticipantIndenture, moneys received by the Owner Trustee hereunder need not be segregated in any manner except to the extent required by law, law and may be deposited under such general conditions as may be prescribed by law, and the Owner Trustee shall not be liable for any interest thereon.deposited

Appears in 2 contracts

Samples: Deposit Trust Agreement (Sequoia Mortgage Funding Corp), Deposit Trust Agreement (Sequoia Mortgage Funding Corp)

No Segregation of Moneys; No Interest. Except as otherwise ------------------------------------- provided herein, in any other Operative Document herein or in written instructions from the Owner ParticipantIndenture or as otherwise directed in writing by the Owners, moneys received by the Owner Trustee hereunder need not be segregated in any manner except to the extent required by law, law 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 to pay the Owners any interest thereon.

Appears in 2 contracts

Samples: Trust Agreement (Mid State Trust Vi), Trust Agreement (Mid-State Homes Inc)

No Segregation of Moneys; No Interest. Except as otherwise ------------------------------------- provided herein, in any other Operative Document or in written instructions from the Owner Participant, moneys Moneys received by the Owner Trustee hereunder need not be segregated in any manner except to the extent required by law, law or the Transaction Documents and may be deposited under such general conditions as may be prescribed by law, and the Owner Trustee shall not be personally liable for any interest thereon.

Appears in 1 contract

Samples: Trust Agreement (Prudential Securities Secured Financing Corp)

No Segregation of Moneys; No Interest. Except as otherwise required ------------------------------------- provided herein, in any other Operative Document or in written instructions from by Section 2.4 of the Owner ParticipantParticipation Agreement, moneys received by the Owner Trustee hereunder need not be segregated in any manner except to the extent required by law, and such moneys may be deposited under such general conditions as may be prescribed by law, and the Owner Trustee shall not be liable for any interest thereon.

Appears in 1 contract

Samples: Trust Agreement (Gatx Rail Corp)

No Segregation of Moneys; No Interest. Except as otherwise ------------------------------------- provided herein, in any other Operative Document herein or in written instructions from the Owner ParticipantIndenture, moneys received by the Owner Trustee hereunder need not be segregated in any manner except to the extent required by law, law and may be deposited under such general conditions as may be prescribed by law, and neither the Owner Trustee nor WTC shall not be liable for any interest thereon.

Appears in 1 contract

Samples: Trust Agreement (Asset Investors Corp)

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No Segregation of Moneys; No Interest. Except as otherwise ------------------------------------- provided herein, in any other Operative Document or in written instructions from the Owner Participant, moneys Moneys received by the Owner Trustee hereunder need not be segregated in any manner except to the extent required by law, law or the Transfer and Servicing Agreement and may be deposited under such general conditions as may be prescribed by law, and the Owner Trustee shall not be liable for any interest thereon.

Appears in 1 contract

Samples: Trust Agreement (Deutsche Recreational Asset Funding Corp)

No Segregation of Moneys; No Interest. Except as otherwise ------------------------------------- provided herein, in any other Operative Document or in written instructions from the Owner Participant, moneys Moneys received by the Owner Trustee or the Trust hereunder need not be segregated in any manner except to the extent required by lawlaw or any Transaction Document, and may be deposited under such general conditions as may be prescribed by law, and the Owner Trustee (as such or in its individual capacity) shall not be liable for any interest thereon.

Appears in 1 contract

Samples: Trust Agreement (United States Cellular Corp)

No Segregation of Moneys; No Interest. Except as otherwise ------------------------------------- provided herein, in any other Operative Document or in written instructions from the Owner Participant, moneys Moneys received by ------------------------------------- the Owner Trustee hereunder need not be segregated in any manner except to the extent required by law, law or the Basic Documents and may be deposited under such general conditions as may be prescribed by law, and the Owner Trustee shall not be liable for any interest thereon.

Appears in 1 contract

Samples: Trust Agreement (Deutsche Recreational Asset Funding Corp)

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