Common use of Money Deposited with the Warrant Agent Clause in Contracts

Money Deposited with the Warrant Agent. The Warrant Agent shal▇ ▇▇▇ ▇▇ ▇equired to pay interest on any moneys deposited pursuant to the provisions of this Agreement, except such as it shall agree in writing with GenTek to pay thereon. Any moneys, securities or other property which at any time shall be deposited by GenTek or on its behalf with the Warrant Agent pursuant to this Agreement shall be and are hereby assigned, transferred and set over to the Warrant Agent in trust for the purpose for which such moneys, securities or other property shall have been deposited; but such moneys, securities or other property need not be segregated from other funds, securities or other property except to the extent required by law.