Common use of Segregation of Trust Property, Moneys; No Interest Clause in Contracts

Segregation of Trust Property, Moneys; No Interest. The Debenture Trustee shall keep the Trust property segregated from its own assets and properties. The monies and other properties received by the Debenture Trustee shall be kept segregated and the Debenture Trustee shall not be liable for any interest thereon. The Debenture Trustee confirms that the Trust property (including all monies stated above) shall not, in the case of bankruptcy, insolvency or liquidation of the Debenture Trustee, be considered as its assets and other property and shall not be available to the liquidator, bankruptcy trustee or other creditor of the Debenture Trustee and such monies and properties shall be wholly excluded from the assets and other property of the Debenture Trustee in such bankruptcy, insolvency or liquidation.

Appears in 4 contracts

Samples: Debenture Trust Deed, Debenture Trust Deed, Debenture Trust Deed

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