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 distribution to Noteholders, Certificate Paying Agent, on behalf of the Certificateholders and the Indenture 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 survivor of the descendants of Joseph P. Kennedy, the late ambassador of the United States to the Couxx xx Xx. Xxxxx, living on the date hereof.

Appears in 8 contracts

Samples: Indenture (Namco Securities Corp), Indenture (National City Mortgage Capital LLC), Indenture (Long Beach Securities Corp)

AutoNDA by SimpleDocs

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 distribution to Noteholders, Certificate Paying Agent, on behalf of the Certificateholders and the Indenture 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 survivor of the descendants of Joseph P. Kennedy, the late ambassador of the United States to the Couxx Coxxx xx Xx. Xxxxx, living on the date hereof.

Appears in 6 contracts

Samples: Indenture (Argent Securities Inc), Indenture (Boardwalk Mortgage Securities Inc.), Indenture (Painewebber Mortgage Acceptance Corporation Iv)

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 distribution to Noteholders, Certificate Paying Agent, on behalf of the Certificateholders and the Indenture 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 survivor of the descendants of Joseph P. Kennedy, the late ambassador of the United States to the Couxx Coxxx xx Xx. Xxxxx, living on the date hereof.

Appears in 2 contracts

Samples: Indenture (Structured Asset Mortgage Investments Ii Inc), 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 distribution payment 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 distributed paid pursuant to Article IIISection 8.02(a) or Section 8.07 hereof; 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 Joseph P. Kennedy, the late ambassador of the United States to the Couxx xx Xx. Xxxxx, living on the date hereof.

Appears in 1 contract

Samples: Indenture (Origen Manufactured Housing Contract Trust Collateralized Notes, Series 2005-B)

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 distribution payment 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 distributed 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 Joseph P. Kennedy, the late ambassador of the United States to the Couxx xx Xx. Xxxxx, living on the date hereof.

Appears in 1 contract

Samples: Indenture (Ameriquest Mortgage Securities Inc)

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 distribution payment 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 distributed 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 Joseph P. Kennedy, the late ambassador of the United States to the Couxx Coxxx xx Xx. Xxxxx, living on the date hereof.

Appears in 1 contract

Samples: Indenture (New Century Home Equity Loan Trust 2004-2)

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 distribution to Noteholders, Certificate Paying Agent, on behalf of the Certificateholders and the Indenture 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 survivor of the descendants of Joseph P. Kennedy, the late ambassador of the United States to the Couxx thx Xxxxx xx Xx. XxxxxXxxes, living on the date hereof.

Appears in 1 contract

Samples: Indenture (BNP Paribas Mortgage ABS LLC)

AutoNDA by SimpleDocs

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 distribution to the Noteholders, the Certificate Paying Agent, Agent on behalf of the Certificateholders and the Indenture 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 survivor of the descendants of Joseph P. Kennedy, the late ambassador of the United States to the Couxx xxx Xxxxx xx Xx. XxxxxXxmes's, living on the date hereof.

Appears in 1 contract

Samples: Indenture (Residential Asset Mort Prod Inc Gmacm Home Eq Ln Tr 2004 He1)

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 distribution to the Noteholders, the Certificate Paying Agent, Agent on behalf of the Certificateholders and the Indenture 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 survivor of the descendants of Joseph P. Kennedy, the late ambassador of the United States to the Couxx txx Xxxxx xx Xx. XxxxxXxxes's, living on the date hereof.

Appears in 1 contract

Samples: Indenture (GMACM Home Equity Loan Trust 2006-He4)

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 distribution to Noteholders, the Certificate Paying Agent, Agent on behalf of the Certificateholders and the Indenture Trustee of all amounts required to be 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 Joseph P. Kennedy, the late ambassador of the United ambassaxxx xx xxx Xxxxxx States to the Couxx xx Xx. XxxxxCourt of St. James, living on the date hereof.

Appears in 1 contract

Samples: Indenture (American Home Mortgage Investment Trust 2004-2)

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 distribution to the Noteholders, the Certificate Paying Agent, Agent on behalf of the Certificateholders and the Indenture 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 survivor of the descendants of Joseph P. Kennedy, the late ambassador of the United States to the Couxx xxx Xxxxx xx Xx. XxxxxJames's, living on the date hereof.

Appears in 1 contract

Samples: Indenture (Residential Asset Mortgage Products Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!