Trust Termination Date Clause Samples
The Trust Termination Date clause defines the specific date or event upon which a trust will come to an end. This clause typically outlines whether the trust terminates on a fixed calendar date, upon the occurrence of a particular event (such as the death of a beneficiary), or after a set period. For example, a trust might be set to terminate 21 years after its creation or when the youngest beneficiary reaches a certain age. The core function of this clause is to provide certainty and clarity regarding the duration of the trust, ensuring all parties know when the trust's assets will be distributed and the trust's obligations will cease.
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Trust Termination Date. Upon the full application of (a) moneys deposited pursuant to this Article XI or (b) proceeds of the Timeshare Loans pursuant to Sections 3.4 or 6.6 hereof, the Trust Estate created by this Indenture shall be deemed to have terminated and all Liens granted hereunder shall be released.
Trust Termination Date. The Trust Estate created by this Indenture shall be deemed to have terminated on the date that the Indenture Trustee executes and delivers to the Issuer and the Owner Trustee an instrument acknowledging satisfaction and discharge of the Indenture.
Trust Termination Date. The date on which the Issuer is scheduled to terminate under Section 8.1(a)(i) of the Trust Agreement will be the latest to occur of (i) the date stated in Section 8.1(a)(i) of the Trust Agreement, (ii) December 31 of the year in which the Series 20 - Final Maturity Date occurs and (iii) any later date stated in another Indenture Supplement.
Trust Termination Date. Upon the full application of (a) moneys deposited pursuant to this Article 10 or (b) proceeds of the Assets pursuant to Sections 3.4 or 6.6, the Trust Estate created by this Indenture shall be deemed to have terminated (the "Trust Termination Date").