Trust Termination. Notwithstanding Section 9.1(b) of the Vehicle Trust Agreement, the UTI Beneficiary shall not direct that the Vehicle Trust dissolve prior to payment in full of all amounts owed under the Vehicle Trust Agreement, the Trust Agreement and the Indenture and under any Securitized Financing in connection with an Other SUBI.
Trust Termination. Each Trust is irrevocable and will terminate only in accordance with the terms of the related Trust Documents. The obligations and responsibilities of the Issuer, the Guarantor and the Trustee, and of any successor Trustee, will terminate as to a Trust and Holders of the related Certificates upon the distribution to such Holders of all amounts required to be distributed under the related Trust Documents, including any amounts distributed pursuant to the Guaranty; provided, however, that in no event will any Trust created by the Trust Documents continue beyond the last day of the 60th year following the Issue Date for that Trust.
Trust Termination. The Trust is terminated pursuant to the PSA.
Trust Termination. Each Trust is irrevocable, and will terminate only in accordance with the terms of the I- Trust Documents. The obligations and responsibilities of Xxxxxx Mae, the Trustee, and of any successor Trustee, will terminate as to a Trust and its I-REMIC Interest Holders upon the distribution to I-REMIC Interest Holders of all amounts required to be distributed under the related I-Trust Documents; provided, however, that in no event will any Trust created by the I- Trust Documents continue beyond the last day of the 60th year following the Issue Date for that Trust.
Trust Termination. At the Beneficiary's death, the account shall be terminated and distributed as follows:
Trust Termination. Section 13.1 Termination 61 Section 13.2 Notice of Termination 61
Trust Termination. (a) The Trust shall wind up and dissolve and the Trust Property shall be distributed to the Owners in accordance with Section 6.06 hereof upon the sale or other final disposition of the Trust Property pursuant to the written instruction of the Board of Managers and the final distribution of all moneys or other property or proceeds of the Trust. Upon the dissolution of the Trust and the completion of the winding up of the Trust’s affairs, the Owner Trustee upon written instruction of the Board of Managers shall file a certificate of cancellation pursuant to Section 3810 of the Act.
Trust Termination. Final Remainder A Third-Party trust may have a surplus after a beneficiary dies. As such, at the time of the death of the Beneficiary, as verified by the deceased’s death certificate, Good Shepherd Fund will expense costs associated with closing the account. These may include applicable tax filings, submitting a final accounting to the court, filing documents, making notifications, or other administrative actions as required. Following these proceedings, the remainder may be distributed according to the Grantor’s wishes. The Good Shepherd Fund has a full-service Conservatorship program in which persons with disabilities are enrolled. With a client roster of over 100 spread across multiple States, many of whom lack the means to pay for this service, Good Shepherd Fund asks that all Grantors setting up a Third-Party Trust strongly consider leaving the remainder to Good Shepherd Fund to further this worthy mission. By placing the Good Shepherd Fund in the final remainder position, the Grantor enables Good Shepherd Fund to further the mission by providing direct and indirect services to those who lack the means to pay for them on their own. Thank you for your consideration. Please elect one of the following two options for final disbursement: ☐ 100% to be retained by Good Shepherd Fund, to be used solely for the purpose of furthering the Conservatorship/Guardianship mission, benefiting persons with disabilities. ☐ 10% to be retained by Good Shepherd Fund, to be used solely for the purpose of furthering the Conservatorship/Guardianship mission, benefiting persons with disabilities. The other 90% is to be distributed according to the final remainder beneficiaries listed below: Please note, all Final Remainder Beneficiary percentages must equal 100%. Distribution Percentage: % Beneficiary Name: Address: Social Security # Date of Birth: Email: Phone: Distribution Percentage: % Beneficiary Name: Address: Social Security # Date of Birth: Email: Phone: Distribution Percentage: % Beneficiary Name: Address: Social Security # Date of Birth: Email: Phone: Distribution Percentage: % Beneficiary Name: Address: Social Security # Date of Birth: Email: Phone: Distribution Percentage: % Beneficiary Name: Address: Social Security # Date of Birth: Email: Phone: The Final Remainder Beneficiaries shall be as set forth in Section 12(c) above. Notwithstanding the foregoing, the Final Remainder Beneficiaries will only be entitled to a distribution from the Beneficiary’s sub-account a...
Trust Termination. At the Beneficiary's death, if the Beneficiary has not received AFT Trust income or principal, then, subject to the payment of administrative fees and expenses as established by the AFT Corporation, an amount equal to the current fair market value of the balance of the Beneficiary's account in the AFT Trust as determined on the date of distribution shall be distributed to the remainder beneficiaries. If the Beneficiary has received any AFT Trust income or principal, then, subject to the payment of administrative fees and expenses as established by the AFT Corporation, an amount equal to 95 percent of the fair market value of the principal balance of the Beneficiary's account (as determined on the date of distribution) shall be distributed to the Remainder Beneficiaries. The remaining balance of the Beneficiary's account shall be distributed to the AFT Charitable Trust.
Trust Termination. So long as no Reserve Credit Triggering Event is continuing and without limiting the Reinsurer’s obligations [***], the Reinsurer may terminate the Trust Agreement once the [***] of Reinsured Contracts in-force is equal to or less than [***] by providing written notice of such election to the Ceding Company. The Ceding Company shall reasonably cooperate with the Reinsurer to terminate the Trust Agreement and release all remaining assets in the Trust Account to the Reinsurer and return all Letters of Credit to the Reinsurer for cancellation.
