Common use of No Segregation of Monies Required; No Interest Clause in Contracts

No Segregation of Monies Required; No Interest. Except as provided in Section 22 of the Lease, 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, and the Owner Trustee shall not be liable for any interest thereon.

Appears in 12 contracts

Samples: Trust Agreement (Northwest Airlines Inc /Mn), Trust Agreement (Northwest Airlines Holdings Corp/Pred), Trust Agreement (Northwest Airlines Corp)

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No Segregation of Monies Required; No Interest. Except as provided in Section 22 of the Lease, monies 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, and the Owner Trustee shall not be liable for any interest thereon.

Appears in 1 contract

Samples: Trust Agreement (Northwest Airlines Corp)

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No Segregation of Monies Required; No Interest. Except as provided in Section 22 of the Lease, 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, and the Owner Trustee shall not be liable for any interest thereon.

Appears in 1 contract

Samples: Participation Agreement (Delta Air Lines Inc /De/)

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