TERMINATION UPON REPURCHASE BY THE DEPOSITOR OR ITS DESIGNEE OR LIQUIDATION OF THE MORTGAGE LOANS. (a) The respective obligations and responsibilities of the Depositor, the Grantor Trustee, the Paying Agent and the Certificate Registrar created hereby, other than the obligation of the Paying Agent to make payments to Certificateholders as hereinafter set forth, shall terminate upon the termination of the Underlying Pooling and Servicing Agreement or upon the making of the final payment or other liquidation of the Underlying Certificates, or any advance with respect thereto.
Appears in 4 contracts
Samples: Grantor Trust Agreement (Structured Asset Mortgage Investments II Trust 2005-Ar8), Grantor Trust Agreement (Structured Asset Mortgage Investments II Trust 2004-Ar6), Grantor Trust Agreement (Structured Asset Mortgage Investments II Trust 2004-Ar6)
TERMINATION UPON REPURCHASE BY THE DEPOSITOR OR ITS DESIGNEE OR LIQUIDATION OF THE MORTGAGE LOANS. (a) The respective obligations and responsibilities of the Depositor, Depositor and the Grantor Trustee, the Paying Agent and the Certificate Registrar Trustee created hereby, other than the obligation of the Paying Agent Grantor Trustee to make payments to Certificateholders as hereinafter set forth, shall terminate upon the termination of the Underlying Pooling and Servicing Agreement or upon the making of the final payment or other liquidation of the Underlying Certificates, or any advance with respect thereto.
Appears in 2 contracts
Samples: Grantor Trust Agreement (GreenPoint MTA Trust 2005-Ar4), Pooling and Servicing Agreement (GreenPoint Mortgage Funding Trust 2005-Ar1)
