Disposal of Resources on liquidation of the Trust Fund. Upon the occurrence of any of the Termination Events provided for in Article 17.2, the following provisions shall apply with respect to the resources of the Trust Fund:
Disposal of Resources on liquidation of the Trust Fund Sample Clauses
Related to Disposal of Resources on liquidation of the Trust Fund
Application of Trust Funds (a) On each Payment Date, the Paying Agent will distribute to Certificateholders, on the basis of the Percentage Interest evidenced by their Trust Certificates, amounts deposited in the Certificate Distribution Account pursuant to Section 4.06 of the Sale and Servicing Agreement with respect to such Payment Date.
Liquidation and Termination On dissolution of the Company, the Majority Members may appoint one or more Members as liquidator. The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of liquidation shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the Members. The steps to be accomplished by the liquidators are as follows:
Termination of Trust Agreement Section 9.01.
