Common use of Safekeeping of Trust Assets Clause in Contracts

Safekeeping of Trust Assets. All moneys and other assets received by the Trustees shall, until distributed or paid over as herein provided, be held in trust for the benefit of the Beneficiaries, but need not be segregated from other Trust Assets, unless and to the extent required by law. The Trustees shall be under no liability for interest or producing income on any moneys received by them hereunder and held for distribution or payment to the Beneficiaries, except as such interest shall actually be received by the Trustees.

Safekeeping of Trust Assets. All moneys and other assets received by the Trustees Trustee shall, until distributed or paid over as herein provided, be held in trust for the benefit of the Beneficiaries, but need not be segregated from other Trust Assets, unless and to the extent required by law. The Trustees Trustee shall be under no liability for interest or producing income on any moneys received by them it hereunder and held for distribution or payment to the Beneficiaries, except as such interest shall actually be received by the TrusteesTrustee.

Safekeeping of Trust Assets. All moneys and other assets received by the Trustees shall, until distributed or paid over as herein provided, be held in trust for the benefit of the Beneficiaries, but need not be segregated from other Trust Assetstrust assets, unless and to the extent required by law. The Trustees shall be under no liability for interest or producing income on or any moneys received by them hereunder and held for distribution or payment to the Beneficiaries, except as such interest shall actually be received by the Trustees.

Safekeeping of Trust Assets. All moneys and other assets received by the Trustees shall, until distributed or paid over as herein provided, be held in trust for the benefit of the Beneficiaries, but need not be segregated from other Trust Assetsassets, unless and to the extent required by law. The Trustees shall be under no liability for interest or producing income on any moneys received by them it hereunder and held for distribution or payment to the Beneficiaries, except as such interest as shall actually be received by the Trustees.

Safekeeping of Trust Assets. All moneys and other assets received by the Trustees shall, until distributed or paid over as herein provided, be held in trust for the benefit of the Beneficiaries, but need not be segregated from other Trust Assetstrust assets, unless and to the extent required by law. The Trustees shall be under no liability for interest or producing income on any moneys received by them hereunder and held for distribution or payment to the Beneficiaries, except as such income or interest shall actually be received by the Trustees.