Termination upon Distribution to Certificateholders. The respective obligations and responsibilities of Xxxxxx Mae in its corporate capacity and in its capacity as Trustee created hereby shall terminate as to the Trust Fund upon the distribution by Xxxxxx Xxx to all Holders of Certificates of all amounts required to be distributed hereunder and thereunder; provided, however, that in no event shall any trust created hereby continue beyond the expiration of 21 years from the death of the last survivor of the descendants of Xxxxxx X. Xxxxxxx, the late ambassador of the United States to the Court of St. James’s, living on the Issue Date.
Termination upon Distribution to Certificateholders. The respective obligations and responsibilities of Fannie Mae in its corporate capacity and in its capacity as Trustee created hereby shall terminate as to the Trust Fund upon the distribution by Fannie Mae to all Holders of Certificates of all amounts required to be distributed hereunder and thereunder; provided, however, that in no event shall any trust created hereby continue beyond the expiration of 21 years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador of the United States to the Court of St. James’s, living on the Issue Date.
Termination upon Distribution to Certificateholders. The respective obligations and responsibilities of Xxxxxx Mae in its corporate capacity and in its capacity as Trustee created hereby shall terminate as to the Trust Fund upon the distribution by Xxxxxx Xxx to all Holders of Certificates of all amounts required to be distributed hereunder and thereunder upon the final payment of the last Underlying Security remaining in the Trust Fund; provided, however, that in no event shall any trust created hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Xxxxxx X. Xxxxxxx, the late ambassador of the United States to the Court of St. James’s, living on the Issue Date. Notice of any termination shall be given promptly by Xxxxxx Xxx to Holders of Certificates by letter mailed not earlier than 45 days and not later than 30 days prior to the final Distribution Date specified therein, unless notice cannot be given within this time frame because of unscheduled principal prepayments in which case notice shall be given as promptly as practicable after Xxxxxx Mae determines that such final payment is required to be made (such notice to be given in such manner as shall reasonably assure its prompt receipt).
Termination upon Distribution to Certificateholders. This Agreement and the respective obligations and responsibilities of the Depositor and the Trustee created hereby shall terminate upon the final distribution to Certificateholders and the Trustee of all amounts required to be distributed pursuant to Article III; provided, however, 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 Xxxxxx X. Xxxxxxx, the late ambassador of the United States to the Court of St. James's, living on the date hereof. Notice of any termination specifying the Final Distribution Date upon which the Certificateholders may surrender their Certificates to the Trustee for payment of the final distribution and cancellation, shall be given promptly by the Trustee by letter to Certificateholders mailed not earlier than the first day and not later than the 21st day of the month of such final distribution specifying (A) the Distribution Date upon which the final distribution on the Certificates will be made upon presentation and surrender of Certificates at the office of the Trustee therein designated, (B) the amount of any such final distribution and (C) that the Record Date otherwise applicable to such Distribution Date is not applicable, distributions being made only upon presentation and surrender of the Certificates at the office of the Trustee therein specified; provided, however, that the failure to give such notice will not entitle any Certificateholder to receive any interest in excess of such Certificateholder's Percentage Interest of the allocation of such Class's Interest Accrual Amount for such Final Distribution Date. Upon presentation and surrender of a Certificate, the Trustee shall cause to be distributed to the Holder thereof such Holder's final distribution. On such Final Distribution Date, any amount remaining on deposit in the Certificate Account (other than amounts distributed pursuant to Article III) after payment to the Trustee of any amounts to which it is entitled hereunder will be distributed on the Class R Certificate.
Termination upon Distribution to Certificateholders. 17 Section 6.02. Failure of Certificateholders to Surrender Certificates...........................18
Termination upon Distribution to Certificateholders. The respective
Termination upon Distribution to Certificateholders. The respective obligations and responsibilities of Xxxxxx Xxx in its corporate capacity and in its capacity as Trustee created hereby shall terminate as to the Trust Fund upon the distribution by Xxxxxx Mae to all Holders of Certificates of all amounts required to be distributed hereunder and thereunder; provided, however, that in no event shall any trust created hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Xxxxxx X. Xxxxxxx, the late ambassador of the United States to the Court of St. Xxxxx, living on the Issue Date. Notice of any termination shall be given promptly by Xxxxxx Xxx to Holders of Certificates by letter mailed not earlier than 45 days and not later than 30 days prior to the final Distribution Date specified therein, unless notice cannot be given within this time frame because of unscheduled principal prepayments in which case notice shall be given as promptly as practicable after Xxxxxx Mae determines that such final payment is required to be made (such notice to be given in such manner as shall reasonably assure its prompt receipt).
Termination upon Distribution to Certificateholders. 31 7.02. FAILURE OF CERTIFICATEHOLDERS TO SURRENDER CERTIFICATES ............. 31 ARTICLE VIII MISCELLANEOUS PROVISIONS
Termination upon Distribution to Certificateholders. This Agreement and the respective obligations and responsibilities of the Depositor and the Trustee created hereby
Termination upon Distribution to Certificateholders. This Agreement and the respective obligations and responsibilities created hereby shall terminate upon the distribu- tion to Certificateholders of all amounts required to be distrib uted pursuant to Article III; provided, however, 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 Xxxxxx X. Xxxxxxx, the late ambassador of the United States to the Court of St. James’s, living on the date hereof.
