Common use of Termination Upon Repurchase or Liquidation of All Contracts Clause in Contracts

Termination Upon Repurchase or Liquidation of All Contracts. (a) The respective obligations and responsibilities of the Company, the Servicer and the Trustee under the Pooling and Servicing Agreement (other than the obligations of the Trustee to make distributions to Certificateholders, to reimburse the Servicer for outstanding Advances, to pay the Servicer accrued and previously unpaid Servicing Fees or to provide tax information as provided in Section 4.01(a) hereof and other than the obligations of the Servicer under Article X hereof) shall terminate upon distribution to the Certificateholders of all amounts held by or on behalf of the Trustee and required hereunder to be so distributed on the Distribution Date coinciding with or following the earlier to occur of (1) a Terminating Purchase for an amount equal to the Termination Price and (2) the final payment or other liquidation (or any advance with respect thereto) of the last Asset remaining in the Trust or the disposition of the last Repo Property or REO Property remaining in the Trust; provided, however, that in no event shall the Trust created hereby continue beyond the expiration of 21 years after the death of the last 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 Repurchase or Liquidation of All Contracts. (a) The respective obligations and responsibilities of the Company, the Servicer and the Trustee under the Pooling and Servicing Agreement (other than the obligations of the Trustee to make distributions to Certificateholders, to reimburse the Servicer for outstanding Advances, to pay the Servicer accrued and previously unpaid Servicing Fees or to provide tax information as provided in Section 4.01(a) hereof and other than the obligations of the Servicer under Article X hereof) shall terminate upon distribution to the Certificateholders of all amounts held by or on behalf of the Trustee and required hereunder to be so distributed on the Distribution Date coinciding with or following the earlier to occur of (1) a Terminating Purchase for an amount equal to the Termination Price and (2) the final payment or other liquidation (or any advance with respect thereto) of the last Asset remaining in the Trust or the disposition of the last Repo Property or REO Property remaining in the Trust; provided, however, that in no event shall the Trust created hereby continue beyond the expiration of 21 years after the death of the last survivor of the descendants of Xxxxxx Josexx X. Xxxxxxx, the xxe late ambassador of the United States to the Court of St. James's, living on the date hereof.

Termination Upon Repurchase or Liquidation of All Contracts. (a) The respective obligations and responsibilities of the Company, the Servicer and the Trustee under the Pooling and Servicing Agreement (other than the obligations of the Trustee to make distributions to Certificateholders, to reimburse the Servicer for outstanding Advances, to pay the Servicer accrued and previously unpaid Servicing Fees or to provide tax information as provided in Section 4.01(a) hereof and other than the obligations of the Servicer under Article X hereof) shall terminate upon distribution to the Certificateholders of all amounts held by or on behalf of the Trustee and required hereunder to be so distributed on the Distribution Date coinciding with or following the earlier to occur of (1) a Terminating Purchase for an amount equal to the Termination Price and (2) the final payment or other liquidation (or any advance with respect thereto) of the last Asset remaining in the Trust or the disposition of the last Repo Property or REO Property remaining in the Trust; provided, however, that in no event shall the Trust created hereby continue beyond the expiration of 21 years after the death of the last survivor of the descendants of Xxxxxx Josexx X. Xxxxxxx, the xxe late ambassador of the United States to the Court of St. James'sJamex, living xxving on the date hereof.

Termination Upon Repurchase or Liquidation of All Contracts. (a) The respective obligations and responsibilities of the CompanyOMI, the Servicer and the Trustee under the Pooling and Servicing Agreement (other than the obligations of the Trustee to make distributions to Certificateholders, to reimburse the Servicer for outstanding Advances, to pay the Servicer accrued and previously unpaid Servicing Fees or to provide tax information as provided in Section 4.01(a) hereof and other than the obligations of the Servicer under Article X hereof) shall terminate upon distribution to the Certificateholders of all amounts held by or on behalf of the Trustee and required hereunder to be so distributed on the Distribution Date coinciding with or following the earlier to occur of (1) a Terminating Purchase for an amount equal to the Termination Price and (2) the final payment or other liquidation (or any advance with respect thereto) of the last Asset remaining in the Trust or the disposition of the last Repo Property or REO Property remaining in the Trust; provided, however, that in no event shall the Trust created hereby continue beyond the expiration of 21 years after the death of the last survivor of the descendants of Xxxxxx X. XxxxxxxJoseph P. Kennedy, the late ambassador of the United States to the Court of St. James'sXxxxx xx Xx. Xxxxs, living on the date hereof.

Termination Upon Repurchase or Liquidation of All Contracts. (a) The respective obligations and responsibilities of the CompanyOMI, the Servicer and the Trustee under the Pooling and Servicing Agreement (other than the obligations of the Trustee to make distributions to Certificateholders, to reimburse the Servicer for outstanding Advances, to pay the Servicer accrued and previously unpaid Servicing Fees or to provide tax information as provided in Section 4.01(a) hereof and other than the obligations of the Servicer under Article X hereof) shall terminate upon distribution to the Certificateholders of all amounts held by or on behalf of the Trustee and required hereunder to be so distributed on the Distribution Date coinciding with or following the earlier to occur of (1) a Terminating Purchase for an amount equal to the Termination Price and (2) the final payment or other liquidation (or any advance with respect thereto) of the last Asset remaining in the Trust or the disposition of the last Repo Property or REO Property remaining in the Trust; providedPROVIDED, howeverHOWEVER, that in no event shall the Trust created hereby continue beyond the expiration of 21 years after the death of the last survivor of the descendants of Xxxxxx Jxxxxx X. Xxxxxxx, the late ambassador of the United States to the Court of St. James'sJxxxx, living on the date hereof.

Termination Upon Repurchase or Liquidation of All Contracts. (a) The respective obligations and responsibilities of the Company, the Servicer and the Trustee under the Pooling and Servicing Agreement (other than the obligations of the Trustee to make distributions to Certificateholders, to reimburse the Servicer for outstanding Advances, to pay the Servicer accrued and previously unpaid Servicing Fees or to provide tax information as provided in Section 4.01(a) hereof and other than the obligations of the Servicer under Article X hereof) shall terminate upon distribution to the Certificateholders of all amounts held by or on behalf of the Trustee and required hereunder to be so distributed on the Distribution Date coinciding with or following the earlier to occur of (1) a Terminating Purchase for an amount equal to the Termination Price and (2) the final payment or other liquidation (or any advance with respect thereto) of the last Asset remaining in the Trust or the disposition of the last Repo Property or REO Property remaining in the Trust; providedPROVIDED, howeverHOWEVER, that in no event shall the Trust created hereby continue beyond the expiration of 21 years after the death of the last survivor of the descendants of Xxxxxx X. XxxxxxxJoseph P. Kennedy, the late ambassador of the United States to the Court of St. James'sCoxxx xx Xx. Xxxxx, living on the date hereof.

Termination Upon Repurchase or Liquidation of All Contracts. (a) The respective obligations and responsibilities of the Company, the Servicer and the Trustee under the Pooling and Servicing Agreement (other than the obligations of the Trustee to make distributions to Certificateholders, to reimburse the Servicer for outstanding Advances, to pay the Servicer accrued and previously unpaid Servicing Fees or to provide tax information as provided in Section 4.01(a) hereof and other than the obligations of the Servicer under Article X hereof) shall terminate upon distribution to the Certificateholders of all amounts held by or on behalf of the Trustee and required hereunder to be so distributed on the Distribution Date coinciding with or following the earlier to occur of (1) a Terminating Purchase for an amount equal to the Termination Price and (2) the final payment or other liquidation (or any advance with respect thereto) of the last Asset remaining in the Trust or the disposition of the last Repo Property or REO Property remaining in the Trust; providedPROVIDED, howeverHOWEVER, that in no event shall the Trust created hereby continue beyond the expiration of 21 years after the death of the last survivor of the descendants of Xxxxxx X. Xxxxxxx, the late ambassador of the United States to the Court of St. James'sXxxxx, living on the date hereof.

Termination Upon Repurchase or Liquidation of All Contracts. (a) The respective obligations and responsibilities of the CompanyOMI, the Servicer and the Trustee under the Pooling and Servicing Agreement (other than the obligations of the Trustee to make distributions to Certificateholders, to reimburse the Servicer for outstanding Advances, to pay the Servicer accrued and previously unpaid Servicing Fees or to provide tax information as provided in Section 4.01(a) hereof and other than the obligations of the Servicer under Article X hereof) shall terminate upon distribution to the Certificateholders of all amounts held by or on behalf of the Trustee and required hereunder to be so distributed on the Distribution Date coinciding with or following the earlier to occur of (1) a Terminating Purchase for an amount equal to the Termination Price and (2) the final payment or other liquidation (or any advance with respect thereto) of the last Asset remaining in the Trust or the disposition of the last Repo Property or REO Property remaining in the Trust; provided, however, that in no event shall the Trust created hereby continue beyond the expiration of 21 years after the death of the last survivor of the descendants of Xxxxxx X. Xxxxxxx, the late ambassador of the United States to the Court of St. James'sXxxxx, living on the date hereof.

Termination Upon Repurchase or Liquidation of All Contracts. (a) The respective obligations and responsibilities of the CompanyOMI, the Servicer and the Trustee under the Pooling and Servicing Agreement (other than the obligations of the Trustee to make distributions to Certificateholders, to reimburse the Servicer for outstanding Advances, to pay the Servicer accrued and previously unpaid Servicing Fees or to provide tax information as provided in Section 4.01(a) hereof and other than the obligations of the Servicer under Article X hereof) shall terminate upon distribution to the Certificateholders of all amounts held by or on behalf of the Trustee and required hereunder to be so distributed on the Distribution Date coinciding with or following the earlier to occur of (1) a Terminating Purchase for an amount equal to the Termination Price and (2) the final payment or other liquidation (or any advance with respect thereto) of the last Asset remaining in the Trust or the disposition of the last Repo Property or REO Property remaining in the Trust; providedPROVIDED, howeverHOWEVER, that in no event shall the Trust created hereby continue beyond the expiration of 21 years after the death of the last survivor of the descendants of Xxxxxx X. Xxxxxxx, the late ambassador of the United States to the Court of St. James'sXxxxx, living on the date hereof.