PURCHASE AND TERMINATION OF THE TRUST. Section 10.1 Termination of Trust Upon Repurchase or Liquidation of All Mortgage Loans.......................................... Section 10.2
PURCHASE AND TERMINATION OF THE TRUST. Termination of Trust Upon Repurchase or Liquidation of All Mortgage Loans..............................................261 Section 10.2 Procedure Upon Termination of Trust.........................264 Section 10.3 Additional Trust Termination Requirements...................265 ARTICLE XI
PURCHASE AND TERMINATION OF THE TRUST. Section 10.1 Termination of Trust Upon Repurchase or Liquidation of All Mortgage Loans...........................................
PURCHASE AND TERMINATION OF THE TRUST. SECTION 00.0 XXXXXXXXXXX XX XXXXX XXXX XXXXXXXXXX OR LIQUIDATION OF ALL MORTGAGE LOANS...................266 SECTION 10.2 PROCEDURE UPON TERMINATION OF TRUST.........................................................268 SECTION 10.3 ADDITIONAL TRUST TERMINATION REQUIREMENTS...................................................269 ARTICLE XI RIGHTS OF CERTIFICATEHOLDERS
PURCHASE AND TERMINATION OF THE TRUST. Section 11.1 Termination of Trust Upon Repurchase or Liquidation of All Mortgage Loans.
(a) The obligations and responsibilities of the Trustee and the Certificate Administrator created hereby (other than the obligation of the Certificate Administrator, to make payments to the Class R Certificateholders, as set forth in Section 11.3 and other than the obligations in the nature of information or tax reporting) shall terminate on the earliest of (i) the later of (A) the final payment or other liquidation of the last Mortgage Loan remaining in the Trust (and final distribution to the Certificateholders) and (B) the disposition of all REO Property (and final distribution to the Certificateholders), (ii) the sale of the property held by the Trust in accordance with Section 11.1(b), (iii) the termination of the Trust pursuant to Section 11.1(c) below or (iv) voluntary exchange by the Sole Certificateholder of all the outstanding Certificates (other than the Class R Certificates) for the remaining Mortgage Loans and REO Properties in the Trust Fund pursuant to the terms of Section 11.1(d) below; provided that in no event shall the Trust created hereby continue beyond the expiration of 21 years from the death of the last survivor of the descendants of Jxxxxx X. Xxxxxxx, the late Ambassador of the United States to the Court of St. Jxxxx, living on the date hereof. If on any date the Aggregate Stated Principal Balance of the Mortgage Loans is less than or equal to a percentage of the initial Aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-Off Date equal to (i) 3.50% (if the Hotel Oceana Santa Mxxxxx Mortgage Loan, but not the Fortress Self Storage Mortgage Loan, is included in the Trust on such date), (ii) 1.50% (if the Fortress Self Storage Mortgage Loan, but not the Hotel Oceana Santa Mxxxxx Mortgage Loan, is included in the Trust on such date), (iii) 4.00% (if both the Hotel Oceana Santa Mxxxxx Mortgage Loan and the Fortress Self Storage Mortgage Loan are included in the Trust on such date), or (iv) 1.00% (if neither the Hotel Oceana Santa Mxxxxx Mortgage Loan nor the Fortress Self Storage Mortgage Loan are included in the Trust on such date), the Master Servicer shall give the Trustee, the Custodian, the Certificate Administrator and the 17g-5 Information Provider notice of such date. The Certificate Administrator shall promptly forward such notice to the Trustee, the Custodian, the Depositor, the Holders of a majority of the most subordin...
PURCHASE AND TERMINATION OF THE TRUST. Termination of Trust Upon Repurchase or Liquidation of All Mortgage Loans 338 Section 11.2 Procedure Upon Termination of Trust 341 Section 11.3 Additional Trust Termination Requirements 342 Section 12.1 REMIC Administration 344 Section 12.2 Prohibited Transactions and Activities 349 Section 12.3 Modifications of Mortgage Loans 349 Section 12.4 Liability with Respect to Certain Taxes and Loss of REMIC Status 350 Section 12.5 Class J Grantor Trust 350 Section 12.6 EC Trust 351 Section 12.7 Grantor Trust Reporting Requirements 351
PURCHASE AND TERMINATION OF THE TRUST. Termination of Trust Upon Repurchase or Liquidation of All Mortgage Loans.................................... 282 Section 10.2 Procedure Upon Termination of Trust...................... 284 Section 10.3 Additional Trust Termination Requirements................ 285 ARTICLE XI RIGHTS OF CERTIFICATEHOLDERS Section 11.1 Limitation on Rights of Holders.......................... 286 Section 11.2 Access to List of Holders................................ 286 Section 11.3 Acts of Holders of Certificates.......................... 287 ARTICLE XII REMIC AND GRANTOR TRUST ADMINISTRATION
PURCHASE AND TERMINATION OF THE TRUST. 146 Section 10.1.
PURCHASE AND TERMINATION OF THE TRUST. SECTION 00.0 XXXXXXXXXXX XX XXXXX XXXX XXXXXXXXXX OR LIQUIDATION OF ALL MORTGAGE LOANS........................................
PURCHASE AND TERMINATION OF THE TRUST. 145 Section 10.1. Termination of Trust.....................................145 Section 10.2. Procedure Upon Termination of Trust......................147 Section 10.3. Additional Trust Termination Requirements................147 ARTICLE XI.
