No Segregation of Moneys; No Interest. Except as otherwise provided herein or in the Indenture or as otherwise directed in writing by the Owners, 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 the Owner Trustee nor the Bank shall be liable to pay the Owners any interest thereon.
Appears in 2 contracts
Sources: Trust Agreement (Mid State Trust Vi), Trust Agreement (Mid-State Homes Inc)
No Segregation of Moneys; No Interest. Except as otherwise ------------------------------------- provided herein herein, in any other Operative Document or in written instructions from the Indenture or as otherwise directed in writing by the OwnersOwner Participant, 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 the Owner Trustee nor the Bank shall not be liable to pay the Owners for any interest thereon.
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 the Indenture or as otherwise directed in writing by the Owners, moneys Moneys received by the Owner Trustee hereunder need not be segregated in any manner except to the extent required by law or the Transfer and Servicing Agreement and may be deposited under such general conditions as may be prescribed by law, and neither the Owner Trustee nor the Bank shall not be liable to pay the Owners for any interest thereon.
Appears in 1 contract
Sources: Trust Agreement (Deutsche Recreational Asset Funding Corp)
No Segregation of Moneys; No Interest. Except as otherwise provided herein or in required ------------------------------------- by Section 2.4 of the Indenture or as otherwise directed in writing by the OwnersParticipation Agreement, moneys received by the Owner Trustee hereunder need not be segregated in any manner except to the extent required by law law, and such moneys may be deposited under such general conditions as may be prescribed by law, and neither the Owner Trustee nor the Bank shall not be liable to pay the Owners for any interest thereon.
Appears in 1 contract
Sources: Trust Agreement (Gatx Rail Corp)
No Segregation of Moneys; No Interest. Except as otherwise provided herein or in the Indenture or as otherwise directed in writing by the Owners, moneys Moneys received by ------------------------------------- the Owner Trustee hereunder need not be segregated in any manner except to the extent required by law or the Basic Documents and may be deposited under such general conditions as may be prescribed by law, and neither the Owner Trustee nor the Bank shall not be liable to pay the Owners for any interest thereon.
Appears in 1 contract
Sources: Trust Agreement (Deutsche Recreational Asset Funding Corp)
No Segregation of Moneys; No Interest. Except as otherwise provided herein or in the Indenture or as otherwise directed in writing by the Owners, moneys Moneys received by the Owner Trustee hereunder need not be segregated in any manner except to the extent required by law or the Transaction Documents and may be deposited under such general conditions as may be prescribed by law, and neither the Owner Trustee nor the Bank shall not be personally liable to pay the Owners for any interest thereon.
Appears in 1 contract
Sources: Trust Agreement (Prudential Securities Secured Financing Corp)
No Segregation of Moneys; No Interest. Except as otherwise provided herein or in the Indenture or as otherwise directed in writing by the OwnersIndenture, 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 the Owner Trustee nor the Bank WTC shall be liable to pay the Owners for any interest thereon.
Appears in 1 contract
No Segregation of Moneys; No Interest. Except as otherwise provided herein or in the Indenture or as otherwise directed in writing by the Owners, moneys Moneys received by the Owner Trustee or the Trust hereunder need not be segregated in any manner except to the extent required by law or any Transaction Document, and may be deposited under such general conditions as may be prescribed by law, and neither the Owner Trustee nor the Bank (as such or in its individual capacity) shall not be liable to pay the Owners for any interest thereon.
Appears in 1 contract