Common use of PAYMENTS FOLLOWING TERMINATION OF TRUST Clause in Contracts

PAYMENTS FOLLOWING TERMINATION OF TRUST. On each related Stated Maturity Date and upon termination of the 1998-C Securitization Trust pursuant to Section 7.01, any amounts on deposit in the Reserve Fund shall be available for payment of any remaining amounts due on such date to reimburse Maturity Advances or other unreimbursed Advances or pay accrued and unpaid compensation payable to the Servicer through such date, for payment to the Investor Certificateholders, and for payment of any remaining amounts due to the 1998-C Securitization Trustee or the Titling Trustee. Upon termination of the 1998-C Securitization Trust pursuant to Section 7.01, after payment of such amounts due, any amounts remaining on deposit in the Reserve Fund shall be paid to the Transferor. Upon termination of the 1998-C Securitization Trust, the 1998-C Securitization Trustee shall release from the lien of this 1998-C Securitization Trust Agreement the Reserve Fund and any financial assets held therein, and shall execute any requisite filing under the UCC as provided by the Transferor to evidence such release and the release of any security interest of the 1998-C Securitization Trust or the 1998-C Securitization Trustee therein.

Appears in 1 contract

Samples: Securitization Trust Agreement (Toyota Lease Trust)

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PAYMENTS FOLLOWING TERMINATION OF TRUST. On each related Stated Maturity Final Scheduled Distribution Date and upon termination of the 19981999-C A Securitization Trust pursuant to Section 7.01, any all amounts on deposit in the Reserve Fund shall be available (i) for payment of any remaining amounts due on such date to reimburse Maturity Advances or other unreimbursed Advances or pay accrued and unpaid compensation payable to the Servicer through such date, (ii) for payment to the Investor Certificateholders, Noteholders and (iii) for payment of any remaining amounts due to the 19981999-C Securitization A Owner Trustee, the 1999-A Indenture Trustee or the Titling Origination Trustee. Upon termination of the 19981999-C A Securitization Trust pursuant to Section 7.01, after payment of such amounts due, any amounts remaining on deposit in the Reserve Fund shall be paid to the TransferorHTC LP and HTD LP. Upon termination of the 19981999-C A Securitization Trust, the 19981999-C Securitization A Owner Trustee shall release from the lien of this 19981999-C A Securitization Trust Agreement the Reserve Fund and any financial assets held therein, and shall execute any requisite filing under the UCC as provided by the Transferor HTC LP and HTD LP to evidence such release and the release of any security interest of the 19981999-C A Securitization Trust or the 19981999-C Securitization A Owner Trustee therein.

Appears in 1 contract

Samples: Securitization Trust Agreement (Honda Titling D Lp)

PAYMENTS FOLLOWING TERMINATION OF TRUST. On each related Stated Maturity Date and upon termination of the 1998-C B Securitization Trust pursuant to Section 7.01, any amounts on deposit in the Reserve Fund shall be available for payment of any remaining amounts due on such date to reimburse Maturity Advances or other unreimbursed Advances or pay accrued and unpaid compensation payable to the Servicer through such date, for payment to the Investor Certificateholders, and for payment of any remaining amounts due to the 1998-C B Securitization Trustee or the Titling Trustee. Upon termination of the 1998-C B Securitization Trust pursuant to Section 7.01, after payment of such amounts due, any amounts remaining on deposit in the Reserve Fund shall be paid to the Transferor. Upon termination of the 1998-C B Securitization Trust, the 1998-C B Securitization Trustee shall release from the lien of this 1998-C B Securitization Trust Agreement the Reserve Fund and any financial assets held therein, and shall execute any requisite filing under the UCC as provided by the Transferor to evidence such release and the release of any security interest of the 1998-C B Securitization Trust or the 1998-C B Securitization Trustee therein.

Appears in 1 contract

Samples: Execution Copy (Toyota Auto Lease Trust 1998-B)

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PAYMENTS FOLLOWING TERMINATION OF TRUST. On each related Stated Maturity Date and upon termination of the 1998-C Securitization Trust pursuant to Section 7.01, any amounts on deposit in the Reserve Fund shall be available for payment of any remaining amounts due on such date to reimburse Maturity Advances or other unreimbursed Advances or pay accrued and unpaid compensation payable to the Servicer through such date, for payment to the Investor Certificateholders, and for payment of any remaining amounts due to the 1998-C Securitization Trustee or the Titling Trustee. Upon termination of the 1998-C Securitization Trust pursuant to Section 7.01, after payment of such amounts due, any amounts remaining on deposit in the Reserve Fund shall be paid to the Transferor. Upon termination of the 1998-C Securitization Trust, the 1998-C Securitization Trustee shall release from the lien of this 1998-C Securitization Trust Agreement the Reserve Fund and any financial assets held therein, and shall execute any requisite filing under the UCC as provided by the Transferor to evidence such release and the release of any security interest of the 1998-C Securitization Trust or the 1998-C Securitization Trustee therein.

Appears in 1 contract

Samples: Securitization Trust Agreement (Toyota Auto Lease Trust 1998 C)

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