Common use of Retention of Monies Clause in Contracts

Retention of Monies. All monies received by Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated in any manner from any other monies (except to the extent required by law) and Trustee shall be under no liability for interest on any monies received by him hereunder.

Appears in 4 contracts

Samples: Credit Agreement (Spansion Inc.), Spansion Inc., Spansion Inc.

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Retention of Monies. All monies moneys received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated in any manner from any other monies moneys (except to the extent required by law) Applicable Law), and the Trustee shall be under no liability for interest on any monies moneys received by him the Trustee hereunder.

Appears in 1 contract

Samples: Credit Agreement (Consolidated Communications Holdings, Inc.)

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Retention of Monies. All monies received by Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated in any manner from any other monies (except to the extent required by law) and Trustee shall be under no liability for interest on any monies received by him hereunder.. Form of Mortgage

Appears in 1 contract

Samples: Revolving Credit Agreement (Spansion Inc.)

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