No Segregation of Monies; No Interest. Subject to Sections 5.1 and 5.2, monies 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. The Owner Trustee shall not be liable for any interest thereon.
Appears in 18 contracts
Samples: Trust Agreement (Franklin Receivables Auto Trust 2003-1), Trust Agreement (Franklin Auto Trust 2004-2), Trust Agreement (Franklin Auto Trust 2004-1)
No Segregation of Monies; No Interest. Subject to Sections 5.1 and 5.2, monies received by the Owner Trustee hereunder need not be segregated in any manner except to the extent required by law or by the Sale and Servicing Agreement and may be deposited under such general conditions as may be prescribed by law. The , and the Owner Trustee shall not be liable for any interest thereon.
Appears in 5 contracts
Samples: Trust Agreement (Arcadia Financial LTD), Trust Agreement (Olympic Receivables Finance Corp), Trust Agreement (Olympic Receivables Finance Corp)
No Segregation of Monies; No Interest. Subject to Sections 5.1 and 5.2, monies 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. The Neither the Paying Agent nor the Owner Trustee shall not be liable for any interest thereon.
Appears in 5 contracts
Samples: Trust Agreement (Money Store Home Equity Corp), Trust Agreement (Money Store Home Equity Corp), Trust Agreement (Money Store Home Equity Corp)
No Segregation of Monies; No Interest. Subject to Sections 5.1 SECTION 5.01 and 5.25.02, monies received by the Owner Trustee hereunder need not be segregated in any manner except to the extent required by law or the Sale and Servicing Agreement and may be deposited under such general conditions as may be prescribed by law. The , and the Owner Trustee shall not be liable for any interest thereon.
Appears in 4 contracts
Samples: Trust Agreement (Caterpillar Financial Funding Corp), Trust Agreement (Caterpillar Financial Funding Corp), Trust Agreement (Caterpillar Financial Funding Corp)
No Segregation of Monies; No Interest. Subject to Sections ------------------------------------- 5.1 and 5.2, monies 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. The Owner Trustee shall not be liable for any interest thereon.
Appears in 2 contracts
Samples: Trust Agreement (Franklin Receivables LLC), Trust Agreement (Franklin Receivables LLC)
No Segregation of Monies; No Interest. Subject to Sections 5.1 and 5.2Section 5.01, monies received by the Owner 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. The Owner , and the Eligible Lender Trustee shall not be liable for any interest thereon.
Appears in 1 contract
No Segregation of Monies; No Interest. Subject to Sections SECTIONS 5.1 and 5.2, monies received by the Owner Trustee hereunder need not be segregated in any manner except to the extent required by law law, the Indenture or the Sale and Allocation Agreement and may be deposited under such general conditions as may be prescribed by law. The , and the Owner Trustee shall not be personally liable for any interest thereon.
Appears in 1 contract
Samples: Trust Agreement (First Investors Financial Services Group Inc)
