Common use of Termination Upon Payment to Noteholders Clause in Contracts

Termination Upon Payment to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer and the Indenture Trustee created hereby shall terminate upon the payment to the Noteholders, the Certificate Paying Agent (on behalf of the Certificateholder), the Credit Enhancer and the Indenture Trustee of all amounts required to be paid pursuant to Article III; 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. Xxxxs, living on the date hereof.

Appears in 1 contract

Samples: Indenture (Residential Funding Mortgage Securities Ii Inc)

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Termination Upon Payment to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer and the Indenture Trustee created hereby shall terminate upon the payment to the Noteholders, the Certificate Paying Agent (on behalf of the Certificateholder), the Credit Enhancer Certificateholders) and the Indenture Trustee of all amounts required to be paid pursuant to Article III; providedPROVIDED, howeverHOWEVER, 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 ambassaxxx xx xxx Xxxxxx States to the Xxxxx xx Xx. XxxxsCourt of St. James, living on the date hereof.

Appears in 1 contract

Samples: Indenture (C-Bass Mortgage Loan as-BCK Nt Sal Mort Ln Tr Ser 2001-Cb4)

Termination Upon Payment to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer and the Indenture Trustee created hereby shall terminate upon the payment to the Noteholders, the Certificate Paying Agent (on behalf of the Certificateholder), the Credit Enhancer and the Indenture Trustee of all amounts required to be paid pursuant to Article III; 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 ambasxxxxx xx xxx Xxxxxd States to the Xxxxx xx Xx. XxxxsCourt of St. James, living on the date hereof.

Appears in 1 contract

Samples: Indenture (Home Loan Trust 2006-Hi3)

Termination Upon Payment to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer and the Indenture Trustee created hereby shall terminate upon the payment to the Noteholders, the Certificate Paying Agent (on behalf of the Certificateholder), the Credit Enhancer and the Indenture Trustee of all amounts required to be paid pursuant to Article III; 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 xxxxxxxxxx xx xxe placecountry-regionUnited States to the Xxxxx xx Xx. XxxxsCourt of St. James, living on the date hereof.

Appears in 1 contract

Samples: Indenture (Home Loan Trust 2006-Hi4)

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Termination Upon Payment to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer and the Indenture Trustee created hereby shall terminate upon the payment to the Noteholders, the Certificate Paying Agent (on behalf of the Certificateholder), the Credit Enhancer and the Indenture Trustee of all amounts required to be paid pursuant to Article III; 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 thx Xxxxxx Xxxxxx xo the United States to the Xxxxx xx Xx. XxxxsCourt of St. James, living on the date hereof.

Appears in 1 contract

Samples: Indenture (Home Loan Trust 2007-Hi1)

Termination Upon Payment to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer and the Indenture Trustee created hereby shall terminate upon the payment to Noteholders, the NoteholdersNote Insurer, the Certificate Paying Agent (on behalf of the Certificateholder)Owner Trustee, the Credit Enhancer Certificateholders and the Indenture Trustee of all amounts required to be paid pursuant to Article III; 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 ambassaxxx xx xxx Xxxxxx States to the Xxxxx xx Xx. XxxxsCourt of St. James, living on the date hereof.

Appears in 1 contract

Samples: Indenture (Home Loan Mortgage Loan Trust 2004-2)

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