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 the Noteholders, the Swap Counterparty, the Note Insurer and the Indenture Trustee of all amounts required to be distributed pursuant to Article VIII and the Sale and Servicing Agreement; 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 Xxxxx xx Xx. Xxmes, living on the date hereof.

Appears in 1 contract

Samples: Indenture (Thornburg Mortgage Asset Corp)

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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 distribution to the Noteholders, the Swap Counterparty, Certificate Paying Agent on behalf of the Note Insurer Certificateholders and the Indenture Trustee of all amounts required to be distributed pursuant to Article VIII III and the Sale and Servicing Agreementdistribution to the Credit Enhancer of all amounts owing to it; 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 Xxxxx xx Xx. XxmesCourt of St. Xxxxx'x, living xxxxxx on the date hereof.

Appears in 1 contract

Samples: Indenture (GMACM Home Equity Loan Trust 2006-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 Swap Counterparty, Certificate Paying Agent (on behalf of the Note Insurer Certificateholders) and the Indenture Trustee of all amounts required to be distributed pursuant to Article VIII III and the Sale and Servicing Insurance Agreement; 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 Xxxxx xx Xx. XxmesCourt of St. Xxxxx'x, living on xxxxxx xn the date hereof.

Appears in 1 contract

Samples: Indenture (Home Equity Loan Trust 2006-Hsa3)

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 Swap Counterparty, Certificate Paying Agent on behalf of the Note Insurer Certificateholders and the Indenture Trustee of all amounts required to be distributed pursuant to Article VIII III and the Sale and Servicing Agreementdistribution to the Credit Enhancer of all amounts owing to it; 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 Xxxxx Courx xx Xx. XxmesXxxxx'x, living on the date hereof.

Appears in 1 contract

Samples: Indenture (GMACM Home Equity Loan Trust 2006-He3)

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 Swap Counterparty, Certificate Paying Agent (on behalf of the Note Insurer Certificateholders) and the Indenture Trustee of all amounts required to be distributed pursuant to Article VIII III and the Sale and Servicing Insurance Agreement; 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 Xxxxx xx Xx. XxmesCourt of St. Xxxxx'x, living xxxxxx on the date hereof.

Appears in 1 contract

Samples: Indenture (RFMSII Series 2005-Hsa1 Trust)

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 distribution to the Noteholders, the Swap CounterpartyCertificate Paying Agent on behalf of the Certificateholders, the Note Insurer Securities Administrator and the Indenture Trustee of all amounts required to be distributed pursuant to Article VIII and the Sale and Servicing AgreementIII; 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 Xxxxx Couxx xx Xx. XxmesXxxxx, living on the date hereof.

Appears in 1 contract

Samples: Indenture (Merrill Lynch Mortgage Investors Trust Series 2005-A9)

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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 distribution to the Noteholders, Certificateholders, holders of the Swap Counterparty, the Note Insurer Residual Ownership Interest and the Indenture Trustee of all amounts required to be distributed pursuant to Article VIII and the Sale and Servicing AgreementIII; 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 Xxxxx Courx xx Xx. XxmesXxxxx, living xiving on the date hereof.

Appears in 1 contract

Samples: Indenture (Indymac Abs 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 to the Noteholders, the Swap CounterpartyCertificate Paying Agent on behalf of the Certificateholders, the Note Insurer Enhancer and the Indenture Trustee of all amounts required to be distributed pursuant to Article VIII and the Sale and Servicing AgreementIII; 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 thx Xxxxx xx Xx. Xxmes's, living on the date hereof.

Appears in 1 contract

Samples: Indenture (Wachovia Asset Securitization Inc 2003-He2 Trust)

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 Swap Counterparty, Certificate Paying Agent (on behalf of the Note Insurer Certificateholders) and the Indenture Trustee of all amounts required to be distributed pursuant to Article VIII III and the Sale and Servicing Insurance Agreement; 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 Xxxxx xx Xx. XxmesXxxes's, living on the date hereof.

Appears in 1 contract

Samples: Indenture (Home Equity Loan Trust 2006-Hsa5)

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