Common use of No Segregation of Monies; No Interest Clause in Contracts

No Segregation of Monies; No Interest. Monies received by the Paying Agent 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 the Paying Agent shall not be liable for any interest thereon.

Appears in 34 contracts

Sources: Trust Agreement (World Omni LT), Trust Agreement (World Omni LT), Trust Agreement (World Omni LT)