Common use of Trust Termination Clause in Contracts

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.

Appears in 10 contracts

Samples: Single Family Mega/Supers Master Trust Agreement, SMBS Master Trust Agreement, Single Family Mega/Supers Master Trust Agreement

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Trust Termination. Each Trust is irrevocable 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 Guarantor, the Trustee, and of any successor Trustee, will terminate as to a Trust and its 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.

Appears in 4 contracts

Samples: Remic Master Trust Agreement, Remic Master Trust Agreement, Remic Master Trust Agreement

Trust Termination. Each The Trust is irrevocable irrevocable, and will terminate only in accordance with the terms of the related Trust DocumentsAgreement. The obligations and responsibilities of the Issuer, the Guarantor and Guarantor, the Trustee, and of any successor Trustee, Trustee will terminate as to a the Trust and its Holders of the related Certificates upon the distribution to such Holders of all amounts required to be distributed under the related this Trust DocumentsAgreement, including any amounts distributed pursuant to the Guaranty; provided, however, that in no event will any the Trust created by the this Trust Documents Agreement continue beyond the last day of the 60th year following the Issue Date for that TrustDate.

Appears in 1 contract

Samples: Trust Agreement

Trust Termination. Each The Trust is irrevocable 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 Guarantor, the Trustee, and of any successor Trustee, will terminate as to a the Trust and its 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 50th year following the Issue Date for that Trustfirst Distribution Date.

Appears in 1 contract

Samples: Trust Agreement

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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 sixtieth year following the Issue Date for that Trust.

Appears in 1 contract

Samples: Master Trust Agreement

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