Common use of Segregation of Moneys Received from Issuers in Respect of Bonds Clause in Contracts

Segregation of Moneys Received from Issuers in Respect of Bonds. All moneys received from the Issuers of Bonds or otherwise by the Trustee in respect of Bonds evidenced by Certificates issued hereunder shall be held by it without interest in a segregated trust account (which account shall contain two subaccounts, one for interest payments on the Bonds and the second for principal and redemption premium payments on the Bonds) for each issue of Bonds held in trust until required to be disbursed in accordance with the provisions of this Agreement or as otherwise required by law and such moneys shall be segregated by separate recordation on the books and records of the Trustee. Payments whose character as principal, redemption premium or interest on the Bonds cannot be determined shall be deposited in the subaccount for principal until distributed pursuant to Section 5.03(b) hereof.

Segregation of Moneys Received from Issuers in Respect of Bonds. All moneys received from the Issuers of Bonds or otherwise by the Trustee in respect of Bonds evidenced by Certificates issued hereunder shall be held by it without interest in a segregated trust account (which account shall contain two subaccounts, one for interest payments on the Bonds and the second for principal and redemption premium payments on the Bonds) for each issue of Bonds held in trust until required to be disbursed in accordance with the provisions of this Agreement or as otherwise required by law and such moneys shall will be segregated by separate recordation on the books and records of the Trustee. Payments whose character as principal, redemption premium or interest on the Bonds cannot be determined shall be deposited in the subaccount for principal until distributed pursuant to Section 5.03(b) hereof.