Common use of Termination of Trust Agreement and Trust Clause in Contracts

Termination of Trust Agreement and Trust. The Trust will dissolve, on the later to occur of (i) the final distribution by the Owner Trustee of all Trust Property according to the Master Collateral Agreement, the Transfer and Servicing Agreement and Article IV of this Agreement, and (ii) the satisfaction and discharge of each Trust Financing Agreement in accordance with its terms. An Insolvency Event, liquidation or dissolution of any Certificateholder will not (A) operate to terminate this Agreement or the Trust, (B) allow any Certificateholder’s legal representatives to claim an accounting or to start an action or proceeding in court for a partition or winding up of the Trust or the Trust Property or (C) affect the rights, powers, obligations and liabilities of the parties to this Agreement. On dissolution of the Trust, the Administrator will wind up the activities and affairs of the Trust as required by Section 3808 of the Delaware Statutory Trust Act.