Common use of Held by Trustee Clause in Contracts

Held by Trustee. Subject to the provisions of Section 9.4 hereof, all moneys received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by mandatory provisions of law. Neither the Trustee nor any agent of the Issuer or the Trustee shall be under any liability for interest on any moneys received by it hereunder.

Appears in 4 contracts

Sources: Indenture (Commonwealth Edison Co), Indenture (Exelon Corp), Indenture (Metromedia Fiber Network Inc)

Held by Trustee. Subject to the provisions of Section 9.4 hereof9.4, all moneys received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by mandatory provisions of law. Neither the Trustee nor any agent of the Issuer or the Trustee shall be under any liability for interest on any moneys received by it hereunder.

Appears in 4 contracts

Sources: Indenture (Exelon Corp), Indenture (Exelon Generation Co LLC), Indenture (Exelon Generation Co LLC)

Held by Trustee. Subject to the provisions of Section 9.4 hereof9.4, all moneys received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by mandatory provisions of law. Neither the Trustee nor any agent of the Issuer Company or the Trustee shall be under any liability for interest on any moneys received by it hereunder.

Appears in 1 contract

Sources: Indenture (Oglethorpe Power Corp)

Held by Trustee. Subject to the provisions of Section 9.4 --------------- hereof, all moneys received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by mandatory provisions of law. Neither the Trustee nor any agent of the Issuer or the Trustee shall be under any liability for interest on any moneys received by it hereunder.

Appears in 1 contract

Sources: Indenture (C Cor Net Corp)