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 for its obligations under Section 7.01, the obligations and responsibilities of Xxxxxxx Mac under this Agreement to a Holder in respect of any Pass- Through CertiÑcate shall terminate upon the payment to the Holder of all amounts of principal and interest due the Holder in respect of such Pass-Through CertiÑcate.
Termination Upon Final Payment. Except as provided in Sections 3.05(e) and 6.01, Xxxxxxx 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 Xxxxxxx Mac's guarantees or (ii) the payment to the Holder of all amounts held by Xxxxxxx Mac and required to be paid hereunder.
Termination Upon Final Payment. Each Asset Pool is irrevocable and shall terminate only in accordance with the terms of this Agreement. Except as provided in Section 8.01, with respect to each Asset Pool, Freddie Mac’s and the Trustee’s obligations and responsibilities under this Agreement shall terminate as to an Asset Pool and the Holders of the related WI Certificates upon the payment to such Holders of all amounts of principal, interest and any Subsequent Transfer Date Principal Guarantee Amount, Yield Maintenance Amount or Partial Yield Maintenance Amount due the Holders in respect of such WI Certificates; provided, however, that in no event shall any Asset 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 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, Freddie 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.
Termination Upon Final Payment. Except for its obligations under Section 7.01, the obligations and responsibilities of Freddie Mac under this Agreement to a Holder in respect of any Pass- Through Certificate shall terminate upon the payment to the Holder of all amounts of principal and interest due the Holder in respect of such Pass-Through Certificate.
