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 Auto Trust 2004-1), Trust Agreement (Franklin Receivables Auto Trust 2003-1), Trust Agreement (Franklin Auto Trust 2003-2)
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 , and the Owner Trustee shall not be liable for any interest thereon.
Appears in 18 contracts
Samples: Trust Agreement (Gs Mortgage Securities Corp), Trust Agreement (TMS Auto Holdings Inc), Trust Agreement (TMS Auto Holdings Inc)
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 Commercial Mortgage Inc), Trust Agreement (Money Store Home Equity Corp), Money Store Home Equity 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 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 Financial LTD), Trust Agreement (Olympic Receivables Finance 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 5.2Section 5.01, monies received by the Owner Trustee hereunder may be held in a non-interest bearing trust account, need not be segregated in any manner except to the extent required by law the 2019-B Basic Documents or Applicable Law, and may be deposited under such general conditions as may be prescribed by law. The Applicable Law and the Owner Trustee shall not be liable for any interest thereon.
Appears in 2 contracts
Samples: Trust Agreement (Mercedes-Benz Auto Lease Trust 2019-B), Trust Agreement (Mercedes-Benz Auto Lease Trust 2019-B)
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 , and the Owner Trustee shall not be liable for any interest thereon.
Appears in 2 contracts
Samples: Trust Agreement (Prudential Securities Secured Financing Corp), Trust Agreement (Prudential Securities Secured Financing Corp)
No Segregation of Monies; No Interest. Subject to Sections 5.1 and 5.2Section 5.01, monies received by the Owner Trustee hereunder may be held in a non-interest bearing trust account, need not be segregated in any manner except to the extent required by law the 2020-B Basic Documents or Applicable Law, and may be deposited under such general conditions as may be prescribed by law. The Applicable Law and the Owner Trustee shall not be liable for any interest thereon.
Appears in 2 contracts
Samples: Trust Agreement (Mercedes-Benz Auto Lease Trust 2020-B), Trust Agreement (Mercedes-Benz Auto Lease Trust 2020-B)
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 law, 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 2 contracts
Samples: Trust Agreement (Daimler Benz Vehicle Receivables Corp), Trust Agreement (Daimler Benz Vehicle Receivables 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 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)
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
