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 5 contracts

Samples: Amendment and Restatement Agreement (Spansion Inc.), Revolving Credit Agreement (Spansion Inc.), Deed of Trust, Security Agreement, Assignment of Rents and Financing Statement (Spansion 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.

Appears in 4 contracts

Samples: Future Advance Deed of Trust (Kv Pharmaceutical Co /De/), Security Agreement (Behringer Harvard Short Term Opportunity Fund I Lp), Deed of Trust (Emeritus Corp\wa\)

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 have no liability for interest on any monies received by him it hereunder.

Appears in 2 contracts

Samples: Deed of Trust (Emeritus Corp\wa\), Deed of Trust (Emeritus Corp\wa\)

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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: Amendment Agreement (Consolidated Communications Holdings, Inc.)

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