Termination Upon Final Payment. Each PC Pool is irrevocable and will terminate only in accordance with the terms of this Agreement. Except as provided in Sections 3.05(e), 6.06 and 7.01, with respect to each PC Pool, Xxxxxxx Mac’s and the Trustee’s obligations and responsibilities under this Agreement shall terminate as to a PC Pool and its Holders upon (i) the full payment to such Holders of all principal and interest due to the Holders based on the Pool Factors or by reason of the Guarantor’s guarantees or (ii) the payment to the Holder of all amounts held by Xxxxxxx Mac and the Trustee, respectively, and required to be paid hereunder; provided, however, that in no event shall any PC Pool 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. James’s, living on the date hereof.
Termination Upon Final Payment. Each Trust Fund is irrevocable and will terminate only in accordance with the terms of this Agreement. Except as to Sections 2.05, 2.06(c) and 9.01, Xxxxxxx Mac’s and the Trustee’s obligations and responsibilities under this Agreement shall terminate as to a Trust Fund and its Holders upon the payment to such Holders of all amounts of principal and interest due the Holders in respect of their Certificates and all other amounts, if any, due the Holders hereunder; provided, however, that in no event shall any Trust Fund 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. James’s, living on the date hereof.
Termination Upon Final Payment. Each Pass-Through Pool is irrevocable and will terminate only in accordance with the terms of this Agreement. Except as provided in Section 8.01, with respect to each Pass-Through Pool, Xxxxxxx Mac’s and the Trustee’s obligations and responsibilities under this Agreement shall terminate as to a Pass-Through Pool and its Holders upon the payment to such Holders of all amounts of principal and interest due the Holders in respect of such Pass-Through Certificate; provided, however, that in no event shall any Pass-Through Pool 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. James’s, living on the date hereof.
Termination Upon Final Payment. Except as to Sections 2.05, 2.06(c) and 8.01, the obligations and responsibilities of Xxxxxxx Mac under this Agreement to a Holder in respect of any Certificate shall terminate upon the payment to the Holder of all amounts of principal and interest due the Holder in respect of such Certificate and all other amounts, if any, due the Holder hereunder.
Termination Upon Final Payment. Except as provided in Sections 3.05(e) and 6.01,Freddie Mac's obligations and responsibilities under this Agreement to a Holder of any PC will terminate upon (i) the full payment to the Holder of all principal and interest due the Holder of such PC based on the Pool Factors or by reason of Freddie Mac's guarantees or (ii) the payment to the Holder of all amounts held by Freddie Mac and required to be paid hereunder.
Termination Upon Final Payment. Each Trust Fund is irrevocable and will terminate only in accordance with the terms of this Agreement. Except as to Sections 2.05, 2.06(c) and 9.01, Xxxxxxx Xxx’s and the Trustee’s obligations and responsibilities under this Agreement shall terminate as to a Trust Fund and its Holders (or as to any REMIC Pool, any related MACR Pool and the related Holders) upon the payment to such Holders of all amounts of principal and interest due the Holders in respect of their Certificates and all other amounts, if any, due the Holders hereunder; provided, however, that in no event shall any Trust Fund 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’s, living on the date hereof.
Termination Upon Final Payment. Each Trust Fund is irrevocable and will terminate only in accordance with the terms of this Agreement. Except as to Sections 2.05 and
Termination Upon Final Payment. Each PC Pool is irrevocable and will terminate only in accordance with the terms of this Agreement. Except as provided in Sections 3.05(e), 6.06 and 7.01, with respect to each PC Pool, Xxxxxxx Mac’s and the Trustee’s obligations and responsibilities under this Agreement shall terminate as to a PC Pool and its Holders upon (i) the full payment to such Holders of all principal and interest due to the Holders based on the Pool Factors or by reason of the Guarantor’s guarantees or (ii) the payment to the Holder of all amounts held by Xxxxxxx Mac and the Trustee, respectively, and required to be paid hereunder;
Termination Upon Final Payment. Except as provided in Sections 3.05(e) and 6.01, Xxxxxxx Xxx's obligations and responsibilities under this Agreement to a Holder of any PC will terminate upon (i) the full payment to the Holder of all principal and interest due the Holder of such PC based on the Pool Factors or by reason of Xxxxxxx Xxx's guarantees or (ii) the payment to the Holder of all amounts held by Xxxxxxx Xxx and required to be paid hereunder.
Termination Upon Final Payment. Each Mirror Pass-Through Pool is irrevocable and will terminate only in accordance with the terms of this Agreement. Except as provided in Section 8.01, with respect to each Mirror Pass-Through Pool, Xxxxxxx Mac’s and the Trustee’s obligations and responsibilities under this Agreement shall terminate as to such Mirror Pass-Through Pool and its Holders upon the payment to such Holders of all amounts of principal and interest due the Holders in respect of the related Mirror Certificate; provided, however, that in no event shall any Mirror Pass-Through Pool 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. James’s, living on the date hereof.
ARTICLE IV Form of Mirror Certificates; Minimum Principal Amounts; Transfers Section
