Common use of Termination Upon Final Payment Clause in Contracts

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 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 Freddie 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 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) 2.05 and 9.01, Xxxxxxx Freddie 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 Q-REMIC Interests 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 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) 2.05 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 I-REMIC Interests 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.