Common use of Termination Upon Distribution to Noteholders Clause in Contracts

Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer and the Indenture Trustee created hereby shall terminate upon the distribution to Noteholders, the Certificate Paying Agent on behalf of the Certificateholders and the Indenture Trustee of all amounts required to be distributed pursuant to Article III; provided, however, that in no event shall the trust created hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Joseph P. Kennedy, the late ambassador of the United States to the Court of St. James, living on the date hereof.

Appears in 1 contract

Sources: Indenture (American Home Mortgage Investment Trust 2004-3)

Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer and the Indenture Trustee created hereby shall terminate upon the distribution to the Noteholders, the Certificate Paying Agent (on behalf of the Certificateholders Certificateholder) and the Indenture Trustee of all amounts required to be distributed pursuant to Article III; provided, however, that in no event shall the trust created hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Joseph P. Kennedy, the late ambassador of the United amba▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇d States to the Court of St. James, living on the date hereof.

Appears in 1 contract

Sources: Indenture (Residential Fund Mort Sec Home Loan-BCKD NTS Ser 2004-Hi1)

Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer and the Indenture Trustee created hereby shall terminate upon the distribution to the Noteholders, the Certificate Paying Agent on behalf of the Certificateholders and the Indenture Trustee of all amounts required to be distributed pursuant to Article III; provided, however, that in no event shall the trust created hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Joseph P. Kennedy, the late ambassador of the United amba▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇d States to the Court of St. James's, living on the date hereof.

Appears in 1 contract

Sources: Indenture (Gmacm Home Equity Loan Backed Term Notes Ser 2003-He1)

Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities responsibili- ties of the Issuer and the Indenture Trustee created hereby shall terminate upon the distribution to Noteholders, the Certificate Paying Agent on behalf of the Certificateholders Certificate- holders, and the Indenture Trustee of all amounts required to be distributed pursuant to Article III; provided, however, that in no event shall the trust created hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Joseph P. Kennedy, the late ambassador of the United States to the Unit▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇ Court of St. James, living on the date hereof.

Appears in 1 contract

Sources: Indenture (Household Consumer Loan Trust 1997-1)

Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer and the Indenture Trustee created hereby shall terminate upon the distribution to the Noteholders, the Certificate Paying Agent on behalf of the Certificateholders and the Indenture Trustee of all amounts required to be distributed pursuant to Article III; provided, however, that in no event shall the trust created hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Joseph P. Kennedy, the late ambassador ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ of the United States to the Court of St. James's, living on the date hereof.

Appears in 1 contract

Sources: Indenture (Gmacm Home Equity Loan Trust 2004-He3)

Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer and the Indenture Trustee created hereby shall terminate upon the distribution to the Noteholders, the Certificate Paying Agent on behalf of the Certificateholders and the Indenture Trustee of all amounts required to be distributed pursuant to Article III; provided, however, that in no event shall the trust created hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Joseph P. Kennedy, the late ambassador of the United ambass▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇d States to the Court of St. James's, living on the date hereof.

Appears in 1 contract

Sources: Indenture (Residential Asset Mortgage Products Inc)

Termination Upon Distribution to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer and the Indenture Trustee created hereby shall terminate upon the distribution to the Noteholders, the Certificate Paying Agent on behalf of the Certificateholders and the Indenture Trustee of all amounts required to be distributed pursuant to Article III; provided, however, that in no event shall the trust created hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Joseph P. Kennedy, the late ambassador of the United States to the Court of Stat▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇ ▇f St. James's, living on the date hereof.

Appears in 1 contract

Sources: Indenture (Gmacm Home Equity Loan Trust 2005-He2)