Common use of Moneys to be Held in Trust Clause in Contracts

Moneys to be Held in Trust. Subject to the provisions of Section 11.04, all moneys received by the Debenture Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purpose for which they were received, but need not be segregated from other funds except to the extent required by law. The Debenture Trustee and any paying agent shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Corporation. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the Corporation, signed by an Officer thereof.

Appears in 12 contracts

Sources: Indenture (Reliance Capital Trust I), Indenture (Nara Bancorp Inc), Indenture (Haven Bancorp Inc)

Moneys to be Held in Trust. Subject to the provisions of Section 11.0412.04, all moneys received by the Debenture Trustee or any paying agent Paying Agent shall, until used or applied as herein provided, be held in trust for the purpose for which they were received, but need not be segregated from other funds except to the extent required by law. The Debenture Trustee and any paying agent Paying Agent shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Corporation. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the Corporation, signed by an Officer thereof.

Appears in 3 contracts

Sources: Indenture (Flushing Financial Corp), Indenture (Flushing Financial Corp), Indenture for Subordinated Notes (State Bancorp Inc)

Moneys to be Held in Trust. Subject to the provisions of Section 11.04, all moneys received by the Debenture Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purpose for which they were received, but need not be segregated from other funds except to the extent required by law. The Debenture Trustee and any paying agent shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Corporation. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the Corporation, signed by the Chairman of the Board of Directors, the President or a Vice President or the Treasurer or an Officer thereofAssistant Treasurer of the Corporation.

Appears in 3 contracts

Sources: Indenture (American Home Mortgage Investment Corp), Indenture (Commerce Capital Trust Ii), Indenture (Webster Capital Trust Ii)

Moneys to be Held in Trust. Subject to the provisions of Section 11.04, all moneys received by the Debenture Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purpose for which they were received, but need not be segregated from other funds except to the extent required by law. The Debenture Trustee and any paying agent shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the CorporationCompany. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the CorporationCompany, signed by an Officer thereof.

Appears in 3 contracts

Sources: Indenture (New York Community Bancorp Inc), Indenture (Commerce Bancorp Inc /Nj/), Indenture (New York Community Bancorp Inc)

Moneys to be Held in Trust. Subject to the provisions of Section 11.0411.4, all moneys received by the Debenture Debt Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purpose for which they were received, but need not be segregated from other funds except to the extent required by law. The Debenture Debt Trustee and any paying agent shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Corporation. So long as no Event of Default with respect to a series of Securities shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the Corporation, signed by an Officer thereofthe Chairman of the Board of Directors, the President, any Vice President, the Treasurer or any Assistant Treasurer of the Corporation.

Appears in 2 contracts

Sources: Indenture (General Motors Capital Trust D), Indenture (General Motors Corp)

Moneys to be Held in Trust. Subject to the provisions of Section 11.04, all moneys received by the Debenture Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purpose for which they were received, but need not be segregated from other funds except to the extent required by law. The Debenture Trustee and any paying agent shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Corporation. So long as no Debenture Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the Corporation, signed by the Chairman of the Board of Directors, the President or a Vice President or the Treasurer or an Officer thereofAssistant Treasurer of the Corporation.

Appears in 2 contracts

Sources: Indenture (Mainstreet Bankgroup Inc), Indenture (Mainstreet Bankgroup Inc)

Moneys to be Held in Trust. Subject to the provisions of Section 11.0411.4, all moneys received by the Debenture Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purpose for which they were received, but need not be segregated from other funds except to the extent required by law. The Debenture Trustee and any paying agent shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Corporation. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the Corporation, signed by an Officer thereof.

Appears in 2 contracts

Sources: Indenture (CNBF Capital Trust I), Indenture (Valley National Bancorp)

Moneys to be Held in Trust. Subject to the provisions of Section 11.04, all moneys received by the Debenture Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purpose for which they were received, but need not be segregated from other funds except to the extent required by law. The Debenture Trustee and any paying agent shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the CorporationCompany. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the CorporationCompany, signed by an Officer thereofany Authorized Officer.

Appears in 2 contracts

Sources: Indenture (Bank of America Corp /De/), Indenture (Bank of America Corp /De/)

Moneys to be Held in Trust. Subject to the provisions of Section 11.04, all moneys received by the Debenture Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purpose for which they were received, but need not be segregated from other funds except to the extent required by law. The Debenture Trustee and any paying agent shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the CorporationCompany . So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the CorporationCompany, signed by an Officer thereofof the Company.

Appears in 1 contract

Sources: Indenture (Leucadia Capital Trust I)

Moneys to be Held in Trust. Subject to the provisions of Section 11.0412.04 hereof, all moneys received by the Debenture Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purpose purposes for which they were received, but need not be segregated from other funds except to the extent required by law. The Debenture Neither the Trustee and nor any paying agent shall be under no any liability for interest on any money moneys received by it hereunder except such as otherwise agreed in writing it may agree with the CorporationCompany to pay thereon. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the CorporationCompany, signed by an Officer thereofits Chairman of the Board of Directors or its President or any Executive Vice President or any Vice President or its Treasurer or any Assistant Treasurer. SECTION 7.06.

Appears in 1 contract

Sources: Indenture (Trinova Corp)

Moneys to be Held in Trust. Subject to the provisions of Section 11.0412.04 hereof, all moneys received by the Debenture Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purpose purposes for which they were received, but need not be segregated from other funds except to the extent required by law. The Debenture Neither the Trustee and nor any paying agent shall be under no any liability for interest on any money moneys received by it hereunder except such as otherwise agreed in writing it may agree with the CorporationCompany to pay thereon. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the CorporationCompany, signed by an Officer thereofits Chairman of the Board of Directors or its President or any Executive Vice President or any Vice President or its Treasurer or any Assistant Treasurer.

Appears in 1 contract

Sources: Indenture (Aeroquip-Vickers Inc)

Moneys to be Held in Trust. Subject to the provisions of Section 11.04, all moneys received by the Debenture Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purpose for which they were received, but need not be segregated from other funds except to the extent required by law. The Debenture Trustee and any paying agent shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the CorporationCompany. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the Corporation, signed by an Officer thereof.written

Appears in 1 contract

Sources: Indenture (Ml Bancorp Inc)

Moneys to be Held in Trust. Subject to the provisions of Section 11.04, all moneys received by the Debenture Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purpose for which they were received, but need not be segregated from other funds except to the extent required by law. The Debenture Trustee and any paying agent shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the CorporationCompany . So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the CorporationCompany, signed by an Officer thereof.by

Appears in 1 contract

Sources: Indenture (Mercantile Bancorporation Inc)

Moneys to be Held in Trust. Subject to the provisions of Section 11.0411.4, all moneys received by the Debenture Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purpose for which they were received, but need not be segregated from other funds except to the extent required by law. The Debenture Trustee and any paying agent shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the CorporationCompany. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the written order of the CorporationCompany, signed by an Officer thereofOfficer.

Appears in 1 contract

Sources: Indenture (Mmi Companies Inc)