No Segregation of Monies; No Interest. Monies received by the Eligible Lender Trustee hereunder need not be segregated in any manner except to the extent required by law or the Basic Documents and may be deposited under such general conditions as may be prescribed by law, and the Eligible Lender Trustee shall not be liable for any interest thereon.
Appears in 10 contracts
Samples: Trust Agreement (Wells Fargo Student Loans Receivables I LLC), Trust Agreement (Asset Backed Securities Corp), Trust Agreement (Gs Mortgage Securities Corp)
No Segregation of Monies; No Interest. Monies Except as otherwise provided herein, monies, if any, received by the Eligible Lender Trustee hereunder need not be segregated in any manner except to the extent required by law or the Basic Documents and may be deposited under such general conditions as may be prescribed by law, and the Eligible Lender Trustee shall not be liable for any interest thereon.
Appears in 2 contracts
Samples: Trust Agreement (Airlease LTD), Trust Agreement (Airlease LTD)
No Segregation of Monies; No Interest. Monies Except as otherwise provided herein, monies, if any, received by the Eligible Lender Trustee hereunder need not be segregated in any manner except to the extent required by law or the Basic Documents and may be deposited under such general conditions as may be prescribed by law, and the Eligible Lender Trustee shall not be liable for any interest thereon.
Appears in 1 contract
Samples: Trust Agreement (Airlease LTD)
No Segregation of Monies; No Interest. Monies received by the Eligible Lender Owner Trustee hereunder need not be segregated in any manner except to the extent required by law or the Basic Documents and may be deposited under such general conditions as may be prescribed by law, and shall be invested as provided in Section 3.2 hereof or Section 22 of the Eligible Lender Trustee shall not be liable for any interest thereonLease.
Appears in 1 contract
