Common use of Safekeeping of Trust Assets Clause in Contracts

Safekeeping of Trust Assets. All moneys and other assets received by the Trustee shall, until distributed or paid over as herein provided, be held in trust for the benefit of the Beneficiaries. The Trustee shall be under no liability for interest or producing income on any moneys received by it hereunder and held for distribution or payment to the Beneficiaries, except as such interest shall actually be received by the Trustee.

Safekeeping of Trust Assets. All moneys and other assets received by the Trustee 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 Trustee Trustees shall be under no liability for interest or producing income on any moneys received by it them hereunder and held for distribution or payment to the Beneficiaries, except as such interest shall actually be received by the TrusteeTrustees.

Safekeeping of Trust Assets. All moneys and other assets received by the Trustee 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 Trustee Trustees shall be under no liability for interest or producing income on or any moneys received by it them hereunder and held for distribution or payment to the Beneficiaries, except as such interest shall actually be received by the TrusteeTrustees.

Safekeeping of Trust Assets. All moneys and other assets received by the Trustee 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 Trustee Trustees shall be under no liability for interest or producing income on any moneys received by it them hereunder and held for distribution or payment to the Beneficiaries, except as such income or interest shall actually be received by the TrusteeTrustees.

Safekeeping of Trust Assets. All moneys and other assets received by the Trustee 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 Trustee Trustees shall be under no liability for interest or producing income on any moneys received by it hereunder and held for distribution or payment to the Beneficiaries, except as such interest as shall actually be received by the TrusteeTrustees.