Common use of Status of Moneys Received Clause in Contracts

Status of Moneys Received. All moneys received by Certificate ------------------------- Trustee under or pursuant to any provision of this Trust Agreement (other than Excluded Amounts to be paid to 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 and may be deposited by Certificate Trustee under such conditions as may be prescribed or permitted by Applicable Laws for trust funds, or, at the direction of the Required Entities may be invested in Permitted Investments.

Appears in 3 contracts

Samples: Participation Agreement (Electric Lightwave Inc), Participation Agreement (Electric Lightwave Inc), Participation Agreement (Electric Lightwave Inc)

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Status of Moneys Received. All moneys received by Certificate ------------------------- Trustee or Trust Company under or pursuant to any provision of this Trust Agreement or any other Operative Document (other than Excluded Amounts to be paid to BankTrust 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 and may be deposited by Certificate Trustee under such conditions as may be prescribed or permitted by Applicable Laws Law for trust funds, or, at the direction of the Required Entities Agent may be invested in Permitted Investments.Cash Equivalents. SECTION

Appears in 1 contract

Samples: Trust Agreement (Stratosphere Corp)

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Status of Moneys Received. All moneys received by Certificate ------------------------- the Trustee or the Bank under or pursuant to any provision of this Trust Agreement or any other Operative 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 and may be deposited by Certificate the Trustee under such conditions as may be prescribed or permitted by Applicable Laws Law for trust funds, or, at the direction of the Required Entities Agents, may be invested in Permitted InvestmentsCash Equivalents.

Appears in 1 contract

Samples: Trust Agreement (Grand Casinos Inc)

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