Common use of Moneys Received by Trustee to Be Held in Trust Clause in Contracts

Moneys Received by Trustee to Be Held in Trust. Moneys held by the Trustee in trust need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on any money received by it hereunder except as otherwise agreed with the Corporation.

Appears in 2 contracts

Sources: Subordinated Indenture (Providian Financing Iv), Indenture (Providian Financing Iv)