Common use of Succession Upon Satisfaction and Discharge of Indenture Clause in Contracts

Succession Upon Satisfaction and Discharge of Indenture. Following the satisfaction and discharge of the Indenture and the payment in full of the principal of and interest on the Notes, to the extent permitted by applicable law, the Indenture Trustee will continue to carry out its obligations hereunder as agent for the Owner Trustee, including without limitation making distributions from the Payahead Account and the Collection Account in accordance with Section 4.6 and making withdrawals from the Reserve Account in accordance with Section 4.5(b) and Section 4.7.

Succession Upon Satisfaction and Discharge of Indenture. Following the satisfaction and discharge of the Indenture and the payment in full of the principal of and interest on the Notes, to the extent permitted by applicable lawlaw and until the payment of all amounts owing or to be distributed hereunder to the Certificateholders, the Indenture Trustee will continue to carry out its obligations hereunder as agent for the Owner Trustee, including without limitation making distributions from the Payahead Account and the Collection Account in accordance with Section 4.6 and 4.6, making withdrawals from the Reserve Account in accordance with Section 4.5(b) and Section 4.7.

Succession Upon Satisfaction and Discharge of Indenture. Following the satisfaction and discharge of the Indenture and the payment in full of the principal of and interest on the Notes, to the extent permitted by applicable law, the Indenture Trustee will continue to carry out its obligations hereunder as agent for the Owner Trustee, including without limitation making distributions from the Payahead Account and the Collection Account in accordance with Section 4.6 and making withdrawals from the Reserve Account in accordance with Section 4.5(b) and Section 4.7.

Succession Upon Satisfaction and Discharge of Indenture. Following the satisfaction and discharge of the Indenture and the payment in full of the principal of and interest on the Notes, to the extent permitted by applicable law, the Indenture Trustee will continue to carry out its obligations hereunder as agent for the Owner Trustee, including without limitation making distributions from the Payahead Account and the Collection Account in accordance with Section 4.6 and making withdrawals from the Reserve Account in accordance with Section 4.5(b) and Section 4.74.5.

Succession Upon Satisfaction and Discharge of Indenture. Following the satisfaction and discharge of the Indenture and the payment in full of the principal of and interest on the Notes, to the extent permitted by applicable law, the Indenture Trustee will continue to carry out its obligations hereunder as agent for the Owner Trustee, including without limitation making distributions from the Payahead Account and the Collection Account in accordance with Section 4.6 4.7 and making withdrawals from the Reserve Account in accordance with Section 4.5(b4.1(e) and Section 4.74.6(b).

Succession Upon Satisfaction and Discharge of Indenture. Following the satisfaction and discharge of the Indenture and the payment in full of the principal of and interest on the Notes, to the extent permitted by applicable lawlaw and until the payment of all amounts owing or to be distributed hereunder to the Certificateholders, the Indenture Trustee will continue to carry out its obligations hereunder as agent for the Owner Trustee, including without limitation making distributions from the Payahead Account and the Collection Account in accordance with Section 4.6 and making withdrawals from the Reserve Account in accordance with Section 4.5(b) and Section 4.7.

Succession Upon Satisfaction and Discharge of Indenture. Following the satisfaction and discharge of the Indenture and the payment in full of the principal of and interest on the Notes, to the extent permitted by applicable law, the Indenture Trustee will continue to carry out its obligations hereunder as agent for the Owner Trustee, including without limitation making distributions from the Payahead Account and the Collection Account in accordance with Section 4.6 4.7 and making withdrawals from the Reserve Account in accordance with Section 4.5(b4.1(d) and Section 4.74.6(b).

Succession Upon Satisfaction and Discharge of Indenture. Following the satisfaction and discharge of the Indenture and the payment in full of the principal of and interest on the Notes, to the extent permitted by applicable lawlaw and until the payment of all amounts owing or to be distributed hereunder to the Certificateholders or the Depositor, the Indenture Trustee will continue to carry out its obligations hereunder as agent for the Owner Trustee, including without limitation making distributions from the Payahead Account and the Collection Account in accordance with Section 4.6 4.6, and making withdrawals from the Reserve Account in accordance with Section 4.5(b) and Section 4.7.

Succession Upon Satisfaction and Discharge of Indenture. Following the satisfaction and discharge of the Indenture and the payment in full of the principal of and interest on the Notes, to the extent permitted by applicable law, the Indenture Trustee will continue to carry out its obligations hereunder as agent for the Owner Trustee, including without limitation making distributions from the Payahead Account and the Collection Account in accordance with Section 4.6 4.7 and making withdrawals from the Reserve Account in accordance with Section 4.5(b4.6(b) and Section 4.74.8.

Succession Upon Satisfaction and Discharge of Indenture. Following the satisfaction and discharge of the Indenture and Indenture, the payment in full of the principal of and interest on the Notes, to the extent permitted by applicable law, law and the Indenture Trustee will continue to carry out its obligations hereunder as agent for the Owner Trustee, including without limitation making distributions from the Payahead Account and the Collection Account in accordance with Section 4.6 and making withdrawals from the Reserve Account in accordance with Section 4.5(b) and Section 4.74.5.

Succession Upon Satisfaction and Discharge of Indenture. Following the satisfaction and discharge of the Indenture and the payment in full of the principal of and interest on the Notes, to the extent permitted by applicable law, the Indenture Trustee will continue to carry out its obligations hereunder as agent for the Owner Trustee, including without limitation making distributions from the Payahead Account and the Collection Account in accordance with Section 4.6 4.5. Sale and making withdrawals from the Reserve Account in accordance with Section 4.5(b) and Section 4.7.Servicing Agreement 2007-1

Succession Upon Satisfaction and Discharge of Indenture. Following the satisfaction and discharge of the Indenture and the payment in full of the principal of and interest on the Notes, to the extent permitted by applicable law, the Indenture Trustee will continue to carry out its obligations hereunder as agent for the Owner Trustee, including without limitation making distributions from the Payahead Account and the Collection Account in accordance with Section 4.6 4.7 and making withdrawals from the Reserve Account in accordance with Section 4.5(b4.6(b) and Section 4.7.4.8. 52 57

Succession Upon Satisfaction and Discharge of Indenture. Following the satisfaction and discharge of the Indenture and the payment in full of the principal of and interest on the Notes, to the extent permitted by applicable law, the Indenture Trustee will continue to carry out its obligations hereunder as agent for the Owner Trustee, including without limitation making distributions from the Payahead Account and the Collection Account in accordance with Section 4.6 and making withdrawals from the Reserve Account in accordance with Section 4.5(b) and Section 4.7.accordance