Common use of Status of Moneys Received Clause in Contracts

Status of Moneys Received. All moneys received by the Owner Trustee under or pursuant to any provision of this Agreement or any Operative Agreement shall constitute trust funds for the purpose for which they were paid or are held, but need not be segregated in any manner from any other moneys except to the extent required by law and may be deposited by the Owner Trustee under such conditions as may be prescribed or permitted by law for trust funds, or may be invested in direct obligations of the United States.

Status of Moneys Received. All moneys received by the Owner Trustee under or pursuant to any provision of this Agreement or any Operative Agreement shall constitute trust funds for the purpose for which they were paid or are held, but need not be segregated in any manner from any other moneys except to the extent required by law and subsection (e) of Section 3.18 hereof and may be deposited by the Owner Trustee under such conditions as may be prescribed or permitted by law for trust funds, or may be invested in direct obligations of the United States.

Status of Moneys Received. All moneys received by the Owner Trustee under or pursuant to any provision provisions of this Agreement or any Operative Agreement shall constitute trust funds for the purpose for which they were are paid or are held, but need not and shall be segregated in any manner from any other moneys except to the extent required by law and may be deposited by the Owner Trustee under such conditions as may be prescribed or permitted by law for trust funds, or may be invested in direct obligations of the United States.

Status of Moneys Received. All moneys received by the Owner Trustee under or pursuant to any provision of this Agreement or any Operative Trust Agreement shall constitute trust funds for the purpose for which they were paid or are held, but need not be segregated in any manner from any other moneys except to the extent required by law and may be deposited by the Owner Trustee under such conditions as may be prescribed or permitted by law Applicable Laws for trust funds, or or, may be invested in direct obligations at the direction of the United StatesMajority Certificate Holders.

Status of Moneys Received. All moneys received by the Owner Trustee or the Bank under or pursuant to any provision of this Trust Agreement or any other Operative Agreement Document (other than Excluded Amounts to be paid to the Bank) shall constitute trust funds for the purpose for which they were paid or are held, but need not be segregated in any manner from any other moneys except to the extent required by law and may be deposited by the Owner Trustee under such conditions as may be prescribed or permitted by law Applicable Law for trust funds, or or, at the direction of the Agents, may be invested in direct obligations of the United StatesCash Equivalents.

Status of Moneys Received. All moneys received by the Owner Trustee under or pursuant to any provision of this Agreement or any Operative Trust Agreement shall constitute trust funds for the purpose for which they were paid or are held, but need not be segregated in any manner from any other moneys except to the extent required by law and may be deposited by the Owner Trustee under such conditions as may be prescribed or permitted by law for trust funds, or or, at the direction of a majority in Interest of Owner Participants, may be invested in direct obligations of the United StatesStates of America.

Status of Moneys Received. All moneys received by the Owner Trustee or Trust Company under or pursuant to any provision of this Trust Agreement or any other Operative Agreement Document (other than Excluded Amounts to be paid to Trust Company) shall constitute trust funds for the purpose for which they were paid or are held, but need not be segregated in any manner from any other moneys except to the extent required by law and may be deposited by the Owner Trustee under such conditions as may be prescribed or permitted by law Applicable Law for trust funds, or or, at the direction of Agent may be invested in direct obligations of the United StatesCash Equivalents. SECTION 3.9.

Status of Moneys Received. All moneys received by the Owner Trustee under or pursuant to any provision of this Trust Agreement or any Operative Agreement shall constitute trust funds for the purpose for which they were paid or are held, but need not be segregated in any manner from any other moneys except to the extent required by law and may be deposited by the Owner Trustee under such conditions as may be prescribed or permitted by law applicable Law for trust funds, or or, at the direction of the Majority Holders may be invested in direct obligations of the United StatesPermitted Investments.