Common use of Termination upon Distribution to Certificateholders Clause in Contracts

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.

Appears in 73 contracts

Samples: Trust Agreement, Trust Agreement, Trust Agreement

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Termination upon Distribution to Certificateholders. The respective obligations and responsibilities of Xxxxxx Mae 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 Xxx 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 Xxxxxx X. Xxxxxxx, the late ambassador of the United States to the Court of St. James’s, living on the Issue Date.

Appears in 16 contracts

Samples: Trust Agreement, Trust Agreement, Trust Agreement

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's, living on the Issue Date.

Appears in 8 contracts

Samples: Trust Agreement, Trust Agreement, Trust Agreement

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’sXxxxx, living on the Issue Date.

Appears in 8 contracts

Samples: Trust Agreement, Trust Agreement, Trust Agreement

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 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 Xxxxxx X. XxxxxxxJoseph P. Kennedy, the late ambassador of the United States to the Court of St. James’s, living on the Issue Date.

Appears in 2 contracts

Samples: Trust Agreement, Trust Agreement

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’sXxxxx, living on the Issue Date.

Appears in 2 contracts

Samples: Trust Agreement, Trust Agreement

Termination upon Distribution to Certificateholders. The respective obligations and responsibilities of Xxxxxx Mae 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 Xxx 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 Xxxxxx X. Xxxxxxx, the late ambassador of the United States to the Court of St. James’sXxxxx, living on the Issue Date.

Appears in 2 contracts

Samples: Trust Agreement, Trust Agreement

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Termination upon Distribution to Certificateholders. The respective obligations and responsibilities of Xxxxxx Mae 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 Xxx 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 Xxxxxx X. Xxxxxxx, the late ambassador of the United States to the Court of St. James’s's, living on the Issue Date.

Appears in 1 contract

Samples: Trust Agreement

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 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 Xxxxxx X. XxxxxxxJoseph P. Kennedy, the late ambassador of the United States to the Court of St. James’s, living on the Issue Date.

Appears in 1 contract

Samples: Trust Agreement

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 and by an RCR Supplement shall terminate as to the Trust Fund upon the distribution by Xxxxxx Xxx to all Holders of the related Certificates of all amounts required to be distributed hereunder and thereunder; provided, however, that in no event shall any trust 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 DateDate of the related Series of Certificates.

Appears in 1 contract

Samples: Trust Agreement

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