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 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. 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 the Certificateholders of all amounts required to be distributed hereunder and thereunder upon the final payment of the last Underlying Security remaining in the Trust FundREMIC Security; 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 Certificateholders 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. 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 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’sXxxxx, 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. 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 the Certificateholders of all amounts required to be distributed hereunder and thereunder upon the final payment of the last Underlying Security Corresponding REMIC Class 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 Certificateholders 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. 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 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 Mae 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 Xxx 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. The respective obligations and responsibilities of Xxxxxx Mae in all of its corporate capacity and in its capacity as Trustee capacities hereunder created hereby shall terminate as to the Trust Fund upon the distribution by Xxxxxx Xxx the Trustee to all Holders of Certificates of all amounts required to be distributed hereunder and thereunder upon the final payment of the last Underlying REMIC 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 the Trustee to Holders of Certificates by letter mailed not earlier than 45 days and not later than 30 days prior to the final 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 the Trustee 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).