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 Note Insurer, 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 here by continue beyond the expiration of 21 years from the death of the survivor of the descendants of Jose▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇e late ambassador of the United States to the Court of St. Jame▇, ▇▇ving on the date hereof.

Appears in 1 contract

Sources: Indenture (Pacificamerica Money Center 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 Noteholders, the Note Insurer, the Certificate Paying Agent on behalf of the Certificateholders and the Indenture Trustee of all amounts required to be distributed pursuant to Article IIIIII and Article V and the termination of the Escrow Account; provided, however, that in no event shall the trust created here by hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Jose▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇e late ambassador of the United States to the Court of St. Jame▇, ▇▇ving on the date hereof.

Appears in 1 contract

Sources: Indenture (Pacificamerica Money Center 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 Noteholders, the Note InsurerCertificate holders, 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 here by hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Jose▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇e late ambassador of the United States to the Court of St. Jame▇, ▇▇ving 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 Noteholders, the Note InsurerCertificateholders, the Certificate Paying Agent on behalf holders of the Certificateholders Residual Ownership Interest 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 here by hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Jose▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇e late ambassador of the United States to the Court of St. Jame▇, ▇▇ving on the date hereof.

Appears in 1 contract

Sources: Indenture (Morgan Stanley Abs Capital I 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 Noteholders, the Note InsurerCertificateholders, 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 here by hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Jose▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇e late ambassador of the United States to the Court of St. Jame▇, ▇▇ving on the date hereof.

Appears in 1 contract

Sources: Indenture (Household Consumer Loan Trust 1997-2)