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, the Note Insurer, the 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 here by continue beyond the expiration of 21 years from the death of the survivor of the descendants of Josexx X. Xxxxxxx, xxe late ambassador of the United States to the Court of St. Jamex, xxving on the date hereof.

Appears in 1 contract

Samples: Indenture (Pacificamerica Money Center 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 distribution to Noteholders, the Note Insurer, the Certificate Paying Agent on behalf of the Certificateholders and the Indenture Trustee of all amounts required to be distributed pursuant to Article IIIIII and Article V and the termination of the Escrow Account; provided, however, that in no event shall the trust created here by hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Josexx X. Xxxxxxx, xxe late ambassador of the United States to the Court of St. Jamex, xxving on the date hereof.

Appears in 1 contract

Samples: Pacificamerica Money Center 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 distribution to Noteholders, the Note Insurer, the Certificate Paying Agent on behalf of the Certificateholders and the Indenture Trustee of all amounts required to be distributed pursuant to Article IIIIII and other applicable terms of this Indenture; provided, however, that in no event shall the trust created here by hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Josexx Jxxxxx X. Xxxxxxx, xxe the late ambassador of the United States to the Court of St. JamexJxxxx, xxving living on the date hereof.

Appears in 1 contract

Samples: Trust Agreement (American Home Mortgage Investment Trust 2005-4)

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 Note InsurerCertificateholders, the 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 here by hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Josexx X. Xxxxxxx, xxe late ambassador of the United States to the Court of St. Jamex, xxving on the date hereof.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Household Consumer Loan Trust 1997-2)

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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 Noteholders, the Note InsurerCertificateholders, the Certificate Paying Agent on behalf holders of the Certificateholders Residual Ownership Interest 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 here by hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Josexx X. Xxxxxxx, xxe late ambassador of the United States to the Court of St. Jamex, xxving on the date hereof.

Appears in 1 contract

Samples: Indenture (Morgan Stanley Abs Capital I 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 Noteholders, the Note InsurerCertificate holders, the 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 here by hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Josexx X. Xxxxxxx, xxe late ambassador of the United States to the Court of St. Jamex, xxving on the date hereof.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Household Consumer Loan Trust 1997-1)

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