Common use of Termination Upon Distribution to Noteholders Clause in Contracts

Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer and the Indenture Trustee created hereby shall terminate upon the payment to Noteholders, the Certificate Paying Agent on behalf of the Owner Trustee, the Certificateholders and the Indenture Trustee of all amounts required to be paid 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 survivor of the descendants of Xxxxxx X. Xxxxxxx, the late ambassador of the United States to the Court of St. Xxxxx, living on the date hereof.

Appears in 7 contracts

Samples: Custodial Agreement (Citigroup Mortgageln Tr Origen Manu Hous Cont Tr NTS Ser 200), Custodial Agreement (Citigroup Mortgageln Tr Origen Manu Hous Cont Tr NTS Ser 200), New Century Mortgage Securities LLC

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Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer Issuer, the Securities Administrator and the Indenture Trustee created hereby shall terminate upon the payment distribution to Noteholders, the Certificate Paying Agent on behalf of the Owner TrusteeCertificateholders, the Certificateholders Securities Administrator and the Indenture Trustee of all amounts required to be paid 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 survivor of the descendants of Xxxxxx X. Xxxxxxx, the late ambassador of the United States to the Court of St. Xxxxx, living on the date hereof.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Mortgageit Trust 2004-2, Mortgage-Backed Notes, Series 2004-2), Indenture (Structured Asset Mort Inv Inc Mort Back NTS Ser 2003-1), Bear Stearns Arm Trust, Mortgage-Backed Notes, Series 2005-2

Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer and the Indenture Trustee created hereby shall terminate upon the payment to Noteholders, the Certificate Paying Agent on behalf of the Owner Trustee, the Certificateholders and the Indenture Trustee of all amounts required to be paid pursuant to Article III; PROVIDEDprovided, HOWEVERhowever, that in no event shall the 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 date hereof.

Appears in 4 contracts

Samples: Indenture (New Century Home Equity Loan Trust 2005-2), Manufactured Housing (Origen Residential Securities, Inc.), Indenture (New Century Home Equity Loan Trust 2005-1)

Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer and the Indenture Trustee created hereby shall terminate upon the payment distribution to Noteholders, the Note Insurer, the Certificate Paying Agent on behalf of the Owner Trustee, the Certificateholders and the Indenture Trustee of all amounts required to be paid distributed pursuant to Article IIIIII and the Sale and Servicing Agreement; PROVIDEDprovided, HOWEVERhowever, that in no event shall the 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. Xx. Xxxxx, living on the date hereof.

Appears in 3 contracts

Samples: Indenture (Superior Bank FSB Afc Mortgage Ln Asset Bk Notes Ser 1999-3), Default And (Afc Mortgage Loan Asset Backed Notes Series 2000-1), Indenture (Superior Bank FSB Afc Mort Ln Asset Backed Notes Ser 2000 2)

Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer and the Indenture Trustee created hereby shall terminate upon the payment to Noteholders, the Certificate Paying Agent on behalf of the Owner Trustee, the Certificateholders and the Indenture Trustee of all amounts required to be paid pursuant to Article IIISection 8.02(a) or Section 8.07 hereof; PROVIDEDprovided, HOWEVERhowever, that in no event shall the 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 date hereof.

Appears in 3 contracts

Samples: Servicing Agreement (Origen Manufactured Housing Contract Trust 2004-B), Servicing Agreement (Origen Residential Securities, Inc.), Origen Manufactured Housing Contract Trust Collateralized Notes, Series 2005-A

Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer Issuer, the Securities Administrator and the Indenture Trustee created hereby shall terminate upon the payment distribution to Noteholders, the Certificate Paying Agent on behalf of the Owner TrusteeCertificateholders, the Certificateholders Securities Administrator and the Indenture Trustee of all amounts required to be paid distributed pursuant to Article III; PROVIDEDprovided, HOWEVERhowever, that in no event shall the trust created hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Xxxxxx Jxxxxx X. Xxxxxxx, the late ambassador of the United States to the Court of St. XxxxxJxxxx, living on the date hereof.

Appears in 3 contracts

Samples: Indenture (Bear Stearns Arm Trust, Mortgage-Backed Notes, Series 2005-9), Servicing Agreement (Bear Stearns Arm Trust, Mortgage-Backed Notes, Series 2005-5), Sale and Servicing Agreement (MORTGAGEIT TRUST 2005-2, Mortgage-Backed Notes, Series 2005-2)

Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer Issuing Entity, the Securities Administrator and the Indenture Trustee created hereby shall terminate upon the payment distribution to Noteholders, the Certificate Paying Agent on behalf of the Owner TrusteeCertificateholders, the Certificateholders Securities Administrator and the Indenture Trustee of all amounts required to be paid distributed pursuant to Article III; PROVIDEDprovided, HOWEVERhowever, that in no event shall the 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 date hereof.

Appears in 2 contracts

Samples: Indenture (Bear Stearns ARM Trust 2006-1), Indenture (Bear Stearns ARM Trust 2006-1)

Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer Issuing Entity and the Indenture Trustee created hereby shall terminate upon the payment to Noteholders, the Certificate Paying Agent on behalf of the Owner Trustee, the Certificateholders and the Indenture Trustee of all amounts required to be paid pursuant to Article III; PROVIDEDprovided, HOWEVERhowever, that in no event shall the trust created hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Xxxxxx Jxxxxx X. Xxxxxxx, the late ambassador of the United States to the Court of St. XxxxxJxxxx, living on the date hereof.

Appears in 2 contracts

Samples: Indenture (New Century Home Equity Loan Trust 2006-2), Indenture (New Century Home Equity Loan Trust 2006-1)

Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer Issuing Entity and the Indenture Trustee created hereby shall terminate upon the payment to Noteholders, the Certificate Paying Agent on behalf of the Owner Trustee, the Certificateholders and the Indenture Trustee of all amounts required to be paid pursuant to Article IIISection 8.02(a) or Section 8.07 hereof; PROVIDEDprovided, HOWEVERhowever, that in no event shall the 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 date hereof.

Appears in 2 contracts

Samples: Manufactured Housing Contract (Origen Residential Securities, Inc.), Servicing Agreement (Origen Manufactured Housing Contract Trust Collateralized Notes, Series 2006-A)

Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer and the Indenture Trustee created hereby shall terminate upon the payment to Noteholders, the Certificate Paying Agent on behalf of the Owner Trustee, the Certificateholders and the Indenture Trustee of all amounts required to be paid 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 survivor of the descendants of Xxxxxx Jxxxxx X. Xxxxxxx, the late ambassador of the United States to the Court of St. XxxxxJxxxx, living on the date hereof.

Appears in 2 contracts

Samples: Indenture (Argent Securities Inc), New Century Mortgage Securities Inc

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Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer and the Indenture Trustee created hereby shall terminate upon the payment distribution to Noteholders, the Certificate Paying Agent on behalf of the Owner Trustee, the Certificateholders and the Indenture Trustee of all amounts required to be paid 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 survivor of the descendants of Xxxxxx X. Xxxxxxx, the late ambassador of the United States to the Court of St. Xxxxx, living on the date hereof.

Appears in 1 contract

Samples: Servicing Agreement (American Home Mort Securities Home Mortgage Invest Tr 2004-1)

Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer and the Indenture Trustee created hereby shall terminate upon the payment distribution to Noteholders, the Certificate Paying Agent on behalf Certificateholders, holders of the Owner Trustee, the Certificateholders Residual Ownership Interest and the Indenture Trustee of all amounts required to be paid 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 survivor of the descendants of Xxxxxx X. Xxxxxxx, the late ambassador of the United States to the Court of St. Xxxxx, living on the date hereof.

Appears in 1 contract

Samples: Directors Asset Conduit Corp

Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer and the Indenture Trustee created hereby shall terminate upon the payment distribution to Noteholders, the Note Insurer, the Certificate Paying Agent on behalf of the Owner Trustee, the Certificateholders and the Indenture Trustee of all amounts required to be paid distributed pursuant to Article III; PROVIDEDprovided, HOWEVERhowever, that in no event shall the trust created hereby here by continue beyond the expiration of 21 years from the death of the survivor of the descendants of Xxxxxx Jxxxxx X. Xxxxxxx, the late ambassador of the United States to the Court of St. XxxxxJxxxx, living on the date hereof.

Appears in 1 contract

Samples: Indenture (Merrill Lynch Mortgage Investors Inc)

Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer Issuer, the Securities Administrator and the Indenture Trustee created hereby shall terminate upon the payment to Noteholders, the Certificate Paying Agent on behalf of the Owner TrusteeCertificateholders, the Certificateholders Securities Administrator and the Indenture Trustee of all amounts required to be paid pursuant to Article III; PROVIDEDprovided, HOWEVERhowever, that in no event shall the 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 date hereof.

Appears in 1 contract

Samples: Citigroup Mortgage Loan Trust 2005-11

Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer Issuing Entity and the Indenture Trustee created hereby shall terminate upon the payment distribution to Noteholders, the Certificate Paying Agent Agent, on behalf of the Owner Trustee, the Certificateholders and the Indenture Trustee of all amounts required to be paid distributed pursuant to Article III; PROVIDEDprovided, HOWEVERhowever, that in no event shall the trust created hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Xxxxxx Jxxxxx X. Xxxxxxx, the late ambassador of the United States to the Court of St. XxxxxJxxxx, living on the date hereof.

Appears in 1 contract

Samples: Indenture (Opteum Mortgage Acceptance CORP)

Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer and the Indenture Trustee created hereby shall terminate upon the payment distribution to Noteholders, [the Note Insurer,] the Certificate Paying Agent on behalf of the Owner Trustee, the Certificateholders and the Indenture Trustee of all amounts required to be paid distributed pursuant to Article III; PROVIDEDprovided, HOWEVERhowever, that in no event shall the trust created hereby here by 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 date hereof.

Appears in 1 contract

Samples: Default And (Superior Bank FSB)

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