PURCHASE AND TERMINATION OF THE TRUST FUND Sample Clauses
The 'Purchase and Termination of the Trust Fund' clause defines the conditions and procedures under which a trust fund can be bought out or dissolved. Typically, this clause outlines the steps required for purchasing the trust's assets, the parties authorized to initiate termination, and the distribution of remaining assets to beneficiaries or stakeholders. Its core practical function is to provide a clear and orderly process for ending the trust relationship, ensuring that all parties understand their rights and obligations when the trust is wound up or its assets are acquired.
PURCHASE AND TERMINATION OF THE TRUST FUND. 83 Section 7.01. Termination of Trust Fund Upon Repurchase or Liquidation of All Mortgage Loans...........83 Section 7.02. Procedure Upon Termination of Trust Fund.................................................84 Section 7.03. Additional Trust Fund Termination Requirements...........................................85
PURCHASE AND TERMINATION OF THE TRUST FUND. Section 7.01. Termination of Trust Fund Upon Repurchase or Liquidation of All Mortgage Loans. Section 7.02. Procedure Upon Termination of Trust Fund. 90 Section 7.03. Additional Trust Fund Termination Requirements. 91 ARTICLE VIII RIGHTS OF CERTIFICATEHOLDERS 91 Section 8.01. Limitation on Rights of Holders. 91 Section 8.02. Access to List of Holders. 92 Section 8.03. Acts of Holders of Certificates.
PURCHASE AND TERMINATION OF THE TRUST FUND. 89 Section 7.01. Termination of Trust Fund Upon Repurchase or Liquidation of All Mortgage Loans.....................89 Section 7.02. Procedure Upon Termination of Trust Fund...........................................................89 Section 7.03. Additional Requirements under the REMIC Provisions.................................................90 Article VIII RIGHTS OF CERTIFICATEHOLDERS........................................................................91 Section 8.01. Limitation on Rights of Holders....................................................................91 Section 8.02. Access to List of Holders..........................................................................92 Section 8.03. Acts of Holders of Certificates....................................................................92 Article IX ADMINISTRATION AND SERVICING OF MORTGAGE LOANS BY THE MASTER SERVICER.................................93
PURCHASE AND TERMINATION OF THE TRUST FUND. 7.01. Termination of Trust Fund Upon Repurchase or Liquidation of All Mortgage Loans . . . . . . . . . . . . . . . 95 7.02. Procedure Upon Termination of Trust Fund . . . . . . . . . . . . . 95 7.03. Additional Trust Fund Termination Requirements . . . . . . . . . . 96
PURCHASE AND TERMINATION OF THE TRUST FUND. Section 7.01. Termination of Trust Fund Upon Repurchase or Liquidation of All Mortgage Loans.......................72 Section 7.02. Procedure Upon Termination of Trust Fund................72 Section 7.03. Additional Trust Fund Termination Requirements..........73 ARTICLE VIII RIGHTS OF CERTIFICATEHOLDERS Section 8.01. Limitation on Rights of Holders.........................74 Section 8.02. Access to List of Holders...............................75 Section 8.03. Acts of Holders of Certificates.........................75
PURCHASE AND TERMINATION OF THE TRUST FUND. 7.01. Termination of Trust Fund Upon Repurchase or Liquidation of All Mortgage Loans . . . . . . . . . . . . . . . 94 7.02. Procedure Upon Termination of Trust Fund . . . . . . . . . . . . . 96 7.03. Additional Trust Fund Termination Requirements . . . . . . . . . . 97 ARTICLE VIII RIGHTS OF CERTIFICATEHOLDERS
8.01. Limitation on Rights of Holders . . . . . . . . . . . . . . . . . 98 8.02. Access to List of Holders . . . . . . . . . . . . . . . . . . . . 99 8.03. Acts of Holders of Certificates . . . . . . . . . . . . . . . . . 100
PURCHASE AND TERMINATION OF THE TRUST FUND. 90 Section 7.01. Termination of Trust Fund Upon Repurchase or Liquidation of All Mortgage Loans............90 Section 7.02. Procedure Upon Termination of Trust Fund..................................................91 Section 7.03. Additional Trust Fund Termination Requirements............................................92 ARTICLE VIII RIGHTS OF CERTIFICATEHOLDERS....................................................................92 Section 8.01. Limitation On Rights of Holders...........................................................92 Section 8.02. Access to List of Holders.................................................................93 Section 8.03. Acts of Holders of Certificates...........................................................94 ARTICLE IX ADMINISTRATION AND SERVICING OF MORTGAGE LOANS BY THE MASTER SERVICER.............................95 Section 9.01. Duties of the Master Servicer.............................................................95 Section 9.02. Master Servicer Fidelity Bond and Master Servicer Errors and Omissions Insurance Policy...95 Section 9.03. Master Servicer's Financial Statements and Related Information............................96 Section 9.04. Power to Act; Procedures..................................................................96 Section 9.05. Servicing Agreements Between the Master Servicer and Servicers; Enforcement of Servicers' Obligations....................................................................98 Section 9.06. Collection of Taxes, Assessments and Similar Items........................................98 Section 9.07. Termination of Servicing Agreements; Successor Servicers..................................99 Section 9.08. Master Servicer Liable for Enforcement....................................................99 Section 9.09. No Contractual Relationship Between Servicers and Trustee or Depositor...................100 Section 9.10. Assumption of Servicing Agreement by Securities Administrator............................100 Section 9.11. "Due-on-sale" Clauses; Assumption Agreements.............................................100 Section 9.12. Release of Mortgage Files................................................................101 Section 9.13. Documents, Records and Funds in Possession of Master Servicer to be Held for Trustee.....102 Section 9.14. Representations and Warranties of the Master Servicer....................................103 Section 9.15. Closing Certificate and Opinion............
PURCHASE AND TERMINATION OF THE TRUST FUND. Termination of Trust Fund Upon Repurchase or Liquidation of All Mortgage Loans...........
PURCHASE AND TERMINATION OF THE TRUST FUND. PURCHASE OF CERTIFICATES
PURCHASE AND TERMINATION OF THE TRUST FUND. 112 Table of Contents (continued) Page