No Segregation of Moneys; No Interest. Except as otherwise provided herein or in any of the other Operative Agreements, moneys received by the Owner Trustee hereunder need not be segregated in any manner except to the extent required by law, and may be deposited under such general conditions as may be prescribed by law, and neither Trust Company nor the Owner Trustee shall be liable for any interest thereon, except as may be agreed to in writing by the Owner Trustee or the Trust Company.
Appears in 8 contracts
Sources: Participation Agreement (Correctional Services Corp), Trust Agreement (Veritas Software Corp /De/), Trust Agreement (Guilford Pharmaceuticals Inc)
No Segregation of Moneys; No Interest. Except as otherwise provided herein or in any of the other Operative Agreements, moneys received by the Owner Trustee hereunder need not be segregated in any manner except to the extent required by law, and may be deposited under such general conditions as may be prescribed by law, and neither Trust Company nor the Owner Trustee shall be liable for any interest thereon, except as may be agreed to in writing by Trust Company or the Owner Trustee or the Trust CompanyTrustee.
Appears in 2 contracts
Sources: Trust Agreement (Wackenhut Corrections Corp), Trust Agreement (Wackenhut Corrections Corp)
No Segregation of Moneys; No Interest. Except as otherwise ------------------------------------- provided herein herein, in any other Operative Document or in any of written instructions from the other Operative AgreementsOwner Participant, moneys received by the any Owner Trustee hereunder need not be segregated segre- gated in any manner except to the extent required by law, and may be deposited under such general conditions as may be prescribed by law, and neither Trust Company nor the such Owner Trustee shall not be liable for any interest thereon, except as may be agreed to in writing by the Owner Trustee or the Trust Company.
Appears in 2 contracts
Sources: Trust Agreement (Mobil Corp), Trust Agreement (Mobil Corp)
No Segregation of Moneys; No Interest. Except as otherwise provided herein or in any of the other Operative Agreements, moneys received by the Owner Trustee hereunder need not be segregated in any manner except to the extent required by lawLaw, and may be deposited under such general conditions as may be prescribed by lawLaw, and neither Trust Company nor the Owner Trustee shall be liable for any interest thereon, except as may be agreed to in writing by the Owner Trustee or the Trust Company.
Appears in 2 contracts
Sources: Trust Agreement (Sabre Holdings Corp), Trust Agreement (Sabre Holdings Corp)
No Segregation of Moneys; No Interest. Except as otherwise provided herein or in any of the other Operative Agreements, moneys received by the Owner Trustee hereunder need not be segregated in any manner except to the extent required by law, law and may be deposited under such general conditions as may be prescribed by law, and neither Trust Company nor the Owner Trustee shall be liable for any interest thereon, except as may be agreed to in writing by the Owner Trustee or the Trust Company.
Appears in 1 contract