01Termination of Trust Agreement. (a)The Trust shall dissolve and terminate in accordance with Sections 3808(d) and (e) of the Trust Statute (i) upon the final distribution by the Owner Trustee of all moneys or other property or proceeds of the Owner Trust Estate in accordance with the terms of the Indenture, the Sale and Servicing Agreement and Article V or (ii) at the time provided in Section 9.02. Any money or other property held as part of the Owner Trust Estate following such distribution (and following a final distribution of proceeds from a sale under Section 9.02) shall be distributed to the Depositor.
Appears in 5 contracts
Samples: Trust Agreement (John Deere Owner Trust 2024-B), Trust Agreement (John Deere Owner Trust 2024), Trust Agreement (John Deere Owner Trust 2023-C)
01Termination of Trust Agreement. (a)The Trust shall dissolve and terminate in accordance with Sections 3808(d) and (e) of the Trust Statute (i) upon the final distribution by the Owner Trustee of all moneys or other property or proceeds of the Owner Trust Estate in accordance with the terms of the Indenture, the Sale and Servicing Agreement and Article V or (ii) at the time provided in Section 9.02. Any money or other property held as part of the Owner Trust Estate following such distribution (and β following a final distribution of proceeds from a sale under Section 9.02) shall be distributed to the Depositor.
Appears in 3 contracts
Samples: Trust Agreement (John Deere Owner Trust 2024-B), Trust Agreement (John Deere Owner Trust 2023-B), Trust Agreement (John Deere Owner Trust 2023-B)