Termination of Trust. (a) The Trust shall terminate upon the occurrence of any Trust Termination Event. (b) Except for any reports and other information required to be provided to Certificateholders hereunder and under the Base Trust Agreement and except as otherwise specified herein and therein, the obligations of the Trustee will terminate upon the distribution to Certificateholders of all amounts required to be distributed to them and the disposition of all Term Assets held by the Trustee. The Trust shall thereupon terminate, except for surviving rights of indemnity.
Appears in 15 contracts
Samples: Corts® Supplement (Structured Products Corp), Corts® Supplement (Structured Products Corp Corts Trust Ii Goldman Sachs Cap I), Corts® Trust Supplement (Structured Products Corp)
Termination of Trust. (a) The Trust shall terminate upon the occurrence of any Trust Termination Event.
(b) Except for any reports and other information required to be provided to Certificateholders hereunder and under the Base Trust Agreement and except as otherwise specified herein and therein, the obligations of the Trustee will terminate upon the distribution to Certificateholders of all amounts required to be distributed to them and the disposition of all Term Assets held by the Trustee. The Trust shall thereupon terminate, except for surviving rights of indemnity.
Appears in 6 contracts
Samples: Corts Supplement Agreement (Structured Products Corp), Cortssm Supplement (Structured Products Corp), Cortssm Supplement (Structured Products Corp)
Termination of Trust. (a) The Trust shall terminate upon the occurrence of any Trust Termination Event.
(b) Except for any reports and other information required to be provided to Certificateholders hereunder and under the Base Trust Agreement and except as otherwise specified herein and therein, the obligations of the Trustee will terminate upon the distribution to Certificateholders of all amounts required to be distributed to them and the disposition of all Term Assets Underlying Securities held by the TrusteeTrustee on behalf of the Trust. The Trust shall thereupon terminate, except for surviving rights of indemnity.
Appears in 3 contracts
Samples: Supplement (Structured Products Corp), Corts® Supplement (Structured Products Corp), Supplement (Structured Products Corp)
Termination of Trust. (a) The Trust shall terminate upon the occurrence of any Trust Termination Event.
(b) Except for any reports and other information required to be provided to Certificateholders hereunder and under the Base Trust Agreement and except as otherwise specified herein and therein, the obligations of the Trustee will terminate upon the distribution to Certificateholders of all amounts required to be distributed to them and the disposition of all Term Assets Underlying Securities held by the Trustee. The Trust shall thereupon terminate, except for surviving rights of indemnity.
Appears in 2 contracts
Samples: Strats(sm) Certificates Series Supplement 2007 1 (STRATS (SM) Trust for Ambac Financial Group, Inc. Securities, Series 2007-1), Strats(sm) Certificates Series Supplement 2007 2 (STRATS(SM) Trust for BNSF Funding Trust I Securities, Series 2007-2)
Termination of Trust. (a) The This Trust Agreement shall terminate upon the occurrence earlier to occur of any Trust Termination Event.
(bi) Except for any reports and other information required the withdrawal or distribution of all assets from the Trust, or (ii) the date upon which the Trustor ceases to be provided to Certificateholders hereunder and under in existence, whether by dissolution, liquidation or otherwise. Upon the Base termination of this Trust Agreement and except as otherwise specified herein and thereinpursuant to the immediately preceding clause (ii), the obligations entire remaining Trust Estate, if any, shall be distributed in accordance with the plan of liquidation or plan of dissolution, as applicable, of the Trustee will terminate upon the distribution to Certificateholders of all amounts required to be distributed to them and the disposition of all Term Assets held by the Trustee. The Trust shall thereupon terminate, except for surviving rights of indemnityTrustor.
Appears in 2 contracts
Samples: Trust Agreement, Trust Agreement (Pacific Ventures Group, Inc.)
Termination of Trust. (a) The Trust shall ---------- -------------------- terminate upon the occurrence of any Trust Termination Event.
(b) Except for any reports and other information required to be provided to Certificateholders hereunder and under the Base Trust Agreement and except as otherwise specified herein and therein, the obligations of the Trustee will terminate upon the distribution to Certificateholders of all amounts required to be distributed to them and the disposition of all Term Assets Underlying Securities held by the Trustee. The Trust shall thereupon terminate, except for surviving rights of indemnity.
Appears in 2 contracts
Samples: Trust Supplement (Structured Obligations Corp), Trust Supplement (Structured Obligations Corp)
Termination of Trust. (a) The Trust shall terminate ---------- -------------------- upon the occurrence of any Trust Termination Event.
(b) Except for any reports and other information required to be provided to Certificateholders hereunder and under the Base Trust Agreement and except as otherwise specified herein and therein, the obligations of the Trustee will terminate upon the distribution to Certificateholders of all amounts required to be distributed to them and the disposition of all Term Assets Underlying Securities held by the Trustee. The Trust shall thereupon terminate, except for surviving rights of indemnity.
Appears in 1 contract
Termination of Trust. (a) The Trust shall terminate upon the ---------- --------------------- occurrence of any Trust Termination Event.
(b) Except for any reports and other information required to be provided to Certificateholders hereunder and under the Base Trust Agreement and except as otherwise specified herein and therein, the obligations of the Trustee will terminate upon the distribution to Certificateholders of all amounts required to be distributed to them and the disposition of all Term Assets held by the Trustee. The Trust shall thereupon terminate, except for surviving rights of indemnity.
Appears in 1 contract
Termination of Trust. (a) The Trust shall terminate upon the occurrence of any Trust Termination Event.
(b) Except for any reports and other information required to be provided to Certificateholders hereunder and under the Base Trust Agreement and except as otherwise specified herein and therein, the obligations of the Trustee will terminate upon the distribution to Certificateholders of all amounts required to be distributed to them and the disposition of all Term Assets and Treasury Obligations held by the Trustee. The Trust shall thereupon terminate, except for surviving rights of indemnity.
Appears in 1 contract
Termination of Trust. (a) The Trust shall terminate upon the occurrence of any Trust Termination Event.
(b) Except for any reports and other information required to be provided to Certificateholders hereunder and under the Base Trust Agreement and except as otherwise specified herein and therein, the obligations of the Trustee will terminate upon the distribution to Certificateholders of all amounts required to be distributed to them and the disposition of all Term Assets and Treasury STRIPS held by the Trustee. The Trust shall thereupon terminate, except for surviving rights of indemnity.
Appears in 1 contract
Samples: Tierssm Principal Protected Certificates Trust Supplement (Structured Products Corp)
Termination of Trust. (a) The Trust shall terminate upon the occurrence of any Trust Termination Event.
(b) Except for any reports Event and other information required to be provided to Certificateholders hereunder and under the Base Trust Agreement and except as otherwise specified herein and therein, the obligations of the Trustee will terminate upon the distribution to Certificateholders of all amounts or property required to be distributed to them and the disposition of all Term Assets held by the Trustee. .
(b) Promptly after the Trustee has received a notice from the Term Assets Trustee or the Term Assets Issuer of a Maturity Shortening Redemption, a payment default or an acceleration under the Indenture, the Trustee shall provide notice to the Certificateholders of the expected occurrence of a Trust Termination Event and the termination of the Trust.
(c) The obligations of the Trust shall will thereupon terminate, except for surviving rights of indemnityany reports and other information required to be provided to Certificateholders hereunder and under the Agreement and except as otherwise specified.
Appears in 1 contract
Samples: Supplement (Prudential Securities Structured Assets Inc)