Common use of Trust Funds Clause in Contracts

Trust Funds. If permitted by applicable law, deposit all receipts collected for Owner, less any sums properly deducted or disbursed, in a financial institution whose deposits are insured by an agency of the United States government. The funds shall be held in a trust account separate from Broker's personal accounts. Broker shall not be liable in event of bankruptcy or failure of a financial institution.

Trust Funds. If permitted by applicable law, deposit all receipts collected for Owner, less any sums properly deducted or disbursed, in a financial institution whose deposits are insured by an agency of the United States government. The funds shall be held in a trust account separate from BrokerXxxxxx's personal accounts. Broker shall not be liable in event of bankruptcy or failure of a financial institution.

Trust Funds. If permitted by applicable law, Broker shall deposit all receipts collected for Owner, less any sums properly deducted or disbursed, in a financial institution whose deposits are insured by an agency of the United States governmentgovernment as required by Sec. §§ 47a-21(h). The funds shall be held in a trust account separate from Broker's personal accounts. Broker shall not be liable in event of bankruptcy or failure of a financial institution.

Trust Funds. If permitted by applicable law, deposit Deposit all receipts collected for Owner, less any sums properly deducted or disbursed, in with a national or state financial institution whose deposits are insured by an agency of the United States government. The funds shall be held qualified in a trust account banking or trust, separate from Broker's Agent’s personal accounts. Broker Agent shall not be held liable in event of bankruptcy or failure of a financial institutiondepository.