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 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.

Appears in 2 contracts

Samples: Master Trust Agreement, Master Trust Agreement

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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 MaeXxx, 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.

Appears in 2 contracts

Samples: Master Trust Agreement, Master Trust Agreement

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Trust Termination. Each Trust is irrevocable, and will terminate only in accordance with the terms of the I- Q- Trust Documents. The obligations and responsibilities of Xxxxxx Mae, the Trustee, and of any successor Trustee, will terminate as to a Trust and its IQ-REMIC Interest Holders upon the distribution to IQ-REMIC Interest Holders of all amounts required to be distributed under the related IQ-Trust Documents; provided, however, that in no event will any Trust created by the I- Q- Trust Documents continue beyond the last day of the 60th year following the Issue Date for that Trust.

Appears in 2 contracts

Samples: Master Trust Agreement, Master Trust Agreement

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