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, the Securities Administrator and the Indenture Trustee created hereby shall terminate upon the distribution to Noteholders, the Certificate Paying Agent on behalf of the Certificateholders, the Securities Administrator 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 ambassaxxx xx xxx Xxxxxx States to the Court of St. James, living on the date hereof.

Appears in 2 contracts

Samples: Indenture (Structured Asset Mortgage Investments II Inc., HomeBanc Mortgage Trust 2004-2), Indenture (Structured Asset Mortgage Investments II Inc., HomeBanc Mortgage Trust 2004-2)

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Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer, the Securities Administrator and the Indenture Trustee created hereby shall terminate upon the distribution to Noteholders, the Certificate Paying Agent on behalf of the Certificateholders, the Securities Administrator 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 ambassaxxx ambassxxxx xx xxx Xxxxxx Xxxxxd States to the Court of St. James, living on the date hereof.

Appears in 1 contract

Samples: Merrill Lynch Mortgage Investors Trust, Series 2005-2

Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer, the Securities Administrator Issuer and the Indenture Trustee created hereby shall terminate upon the distribution to the Noteholders, the Certificate Paying Agent on behalf of the Certificateholders, the Securities Administrator Certificateholders and the Indenture Trustee of all amounts required to be distributed pursuant to Article IIIIII and the distribution to the Credit Enhancer of all amounts owing to it; 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 ambassaxxx xx xxx Xxxxxx ambassador of the United States to the Court of St. James's, living on the date hereofxxx xxxx xxxxxx.

Appears in 1 contract

Samples: GMACM Home Equity Loan Trust 2007-He2

Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer, the Securities Administrator Issuer and the Indenture Trustee created hereby shall terminate upon the distribution to the Noteholders, the Certificate Paying Agent (on behalf of the Certificateholders, the Securities Administrator ) 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 ambassaxxx ambaxxxxxx xx xxx Xxxxxx Xxxxxd States to the Court of St. James, living on the date hereof.

Appears in 1 contract

Samples: Servicing Agreement (Residential Funding Mortgage Securities Ii Inc)

Termination Upon Distribution to Noteholders. This -------------------------------------------- Indenture and the respective obligations and responsibilities of the Issuer, the Securities Administrator Issuer and the Indenture Trustee created hereby shall terminate upon the distribution to Noteholders, the Certificate Paying Agent on behalf Certificateholders, holders of the Certificateholders, the Securities Administrator Residual Ownership Interest 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 ambassaxxx xx xxx Xxxxxx ambassador of the United States to the Court of St. JamesCourx xx Xx. Xxxxx, living xiving on the date hereof.

Appears in 1 contract

Samples: Master Servicing Agreement (Indymac Abs Inc)

Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer, the Securities Administrator Issuer and the Indenture Trustee created hereby shall terminate upon the distribution to the Noteholders, the Certificate Paying Agent on behalf of the Certificateholders, the Securities Administrator Certificateholders and the Indenture Trustee of all amounts required to be distributed pursuant to Article IIIIII and the distribution to the Credit Enhancer of all amounts owing to it; 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 ambassaxxx xx xxx Xxxxxx ambassador of the United States to the Court of St. JamesCourx xx Xx. Xxxxx'x, living on the date hereof.

Appears in 1 contract

Samples: GMACM Home Equity Loan Trust 2006-He3

Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer, the Securities Administrator Issuer and the Indenture Trustee created hereby shall terminate upon the distribution to the Noteholders, the Certificate Paying Agent on behalf of the Certificateholders, the Securities Administrator Certificateholders and the Indenture Trustee of all amounts required to be distributed pursuant to Article IIIIII and the distribution to the Credit Enhancer of all amounts owing to it; 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 ambassaxxx xx xxx Xxxxxx ambassador of the United States to the Court of St. JamesSx. Xxxxx'x, living xxxxng on the date hereof.

Appears in 1 contract

Samples: GMACM Home Equity Loan Trust 2006-He2

Termination Upon Distribution to Noteholders. This Indenture and -------------------------------------------- the respective obligations and responsibilities of the Issuer, the Securities Administrator Issuer and the Indenture Trustee created hereby shall terminate upon the distribution to the Noteholders, the Certificate Paying Agent on behalf of the CertificateholdersSwap Counterparty, the Securities Administrator Note Insurer and the Indenture Trustee of all amounts required to be distributed pursuant to Article IIIVIII 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 Joseph P. Kennedy, the late ambassaxxx xx xxx Xxxxxx ambassador of the United States to the Court of St. JamesXxxxx xx Xx. Xxmes, living on the date hereof.

Appears in 1 contract

Samples: Thornburg Mortgage Asset Corp

Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer, the Securities Administrator Issuer and the Indenture Trustee created hereby shall terminate upon the distribution payment to Noteholders, the Certificate Paying Agent on behalf of the CertificateholdersOwner Trustee, the Securities Administrator Certificateholders and the Indenture Trustee of all amounts required to be distributed 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 Joseph P. Kennedy, the late ambassaxxx xx xxx Xxxxxx States to the Court of St. James, living on the date hereof.

Appears in 1 contract

Samples: New Century Mort Sec Inc Home Equity Loan Trust 2003 6

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Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer, the Securities Administrator Issuer and the Indenture Trustee created hereby shall terminate upon the distribution to the Noteholders, the Certificate Paying Agent on behalf of the Certificateholders, the Securities Administrator Certificateholders and the Indenture Trustee of all amounts required to be distributed pursuant to Article IIIIII and the distribution to the Credit Enhancer of all amounts owing to it; 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 ambassaxxx xx xxx Xxxxxx ambassador of the United States to the Court of St. JamesJames'x, living on the date xxxxxx xx xxx xxte hereof.

Appears in 1 contract

Samples: GMACM Home Equity Loan Trust 2006-He5

Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer, the Securities Administrator Issuer and the Indenture Trustee created hereby shall terminate upon the distribution to Noteholders, the Certificate Paying Agent on behalf of the Certificateholders, the Securities Administrator 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 ambassaxxx xx xxx Xxxxxx States to the Court 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, the Securities Administrator and the Indenture Trustee created hereby shall terminate upon the distribution to Noteholders, the Certificate Paying Agent on behalf of the Certificateholders, the Securities Administrator 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 ambassaxxx xx xxx Xxxxxx ambassador of the United States to the Court of St. JamesCouxx xx Xx. Xxxxx, living on the date hereof.

Appears in 1 contract

Samples: Merrill Lynch Mortgage Investors Trust Series 2005-A9

Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer, the Securities Administrator and the Indenture Trustee created hereby shall terminate upon the distribution to Noteholders, the Certificate Paying Agent on behalf of the Certificateholders, the Securities Administrator 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 ambassaxxx laxx xxxxxxxxxx xx xxx Xxxxxx the United States to the Court of St. James, living on the date hereofxxxxof.

Appears in 1 contract

Samples: Indenture (Homebanc Mortgage Trust 2004-1)

Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer, the Securities Administrator Issuer and the Indenture Trustee created hereby shall terminate upon the distribution to the Noteholders, the Certificate Paying Agent on behalf of the Certificateholders, the Securities Administrator Certificateholders and the Indenture Trustee of all amounts required to be distributed pursuant to Article IIIIII and the distribution to the Credit Enhancer of all amounts owing to it; 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 ambassaxxx xx xxx Xxxxxx ambassador of the United States to the Court of St. JamesXxxxx'x, living xxxxxx on the date hereof.

Appears in 1 contract

Samples: GMACM Home Equity Loan Trust 2006-He1

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