Common use of Procedure Upon Termination of Trust Clause in Contracts

Procedure Upon Termination of Trust. (a) Notice of any termination pursuant to the provisions of Section 10.1, specifying the Distribution Date upon which the final distribution shall be made, shall be given promptly by the Trustee by first class mail to the Paying Agent, the Rating Agencies, the Holders of the Residual Certificates and the REMIC Regular Certificates mailed no later than ten days prior to the date of such termination. Such notice shall specify (A) the Distribution Date upon which final distribution on the Residual Certificates and the REMIC Regular Certificates will be made, and upon presentation and surrender of the Residual Certificates and the REMIC Regular Certificates at the office or agency of the Certificate Registrar therein specified, and (B) that the Record Date otherwise applicable to such Distribution Date is not applicable, distribution being made only upon presentation and surrender of the Residual Certificates and the REMIC Regular Certificates at the office or agency of the Certificate Registrar therein specified. The Trustee shall give such notice to the Depositor and the Certificate Registrar at the time such notice is given to Holders of the Residual Certificates and the REMIC Regular Certificates. Upon any such termination, the duties of the Certificate Registrar with respect to the Residual Certificates and the REMIC Regular Certificates shall terminate and the Trustee shall terminate, or request the Master Servicer and the Paying Agent to terminate, the Certificate Account and the Distribution Account and any other account or fund maintained with respect to the Certificates, subject to the Paying Agent's obligation hereunder to hold all amounts payable to the Holders of the Residual Certificates and the REMIC Regular Certificates in trust without interest pending such payment.

Appears in 8 contracts

Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2007-Top25), Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2005-Hq7), Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2006-Hq8)

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Procedure Upon Termination of Trust. (a) Notice of any termination pursuant to the provisions of Section 10.111.1, specifying the Distribution Date upon which the final distribution shall be made, shall be given promptly by the Trustee by first class mail Certificate Administrator to the Paying AgentTrustee, the Rating Agencies17g-5 Information Provider, the Holders of the Residual Class R Certificates, the REMIC III Regular Certificates, the Exchangeable Certificates and the REMIC Regular Swap Certificates mailed no later than ten (10) days prior to the date of such termination. Such notice shall specify (A) the Distribution Date upon which final distribution on the Residual Class R Certificates, the REMIC III Regular Certificates, the Exchangeable Certificates and the REMIC Regular Swap Certificates will be made, and upon presentation and surrender of the Residual Certificates and the REMIC Regular such Certificates at the office or agency of the Certificate Registrar therein specified, and (B) that the Record Date otherwise applicable to such Distribution Date is not applicable, distribution being made only upon presentation and surrender of the Residual Certificates and the REMIC Regular such Certificates at the office or agency of the Certificate Registrar therein specified. The Trustee Certificate Administrator shall give such notice to the Depositor Depositor, the Trustee and the Certificate Registrar at the time such notice is given to Holders of the Residual Certificates and the REMIC Regular such Certificates. Upon any such termination, the duties of the Certificate Registrar with respect to the Residual Class R Certificates, the REMIC III Regular Certificates, the Exchangeable Certificates and the REMIC Regular Swap Certificates shall terminate and the Trustee shall terminate, or request the Master Servicer and the Paying Agent Certificate Administrator to terminate, the Certificate Collection Account and the Distribution Account and any other account or fund maintained with respect to the Certificates, subject to the Paying Agent's Certificate Administrator’s obligation hereunder to hold all amounts payable to the Holders of the Residual Class R Certificates, the REMIC III Regular Certificates, the Exchangeable Certificates and the REMIC Regular Swap Certificates in trust without interest pending such payment.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2013-C12), Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2013-C10), Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2013-C11)

Procedure Upon Termination of Trust. (a) Notice of any termination pursuant to the provisions of Section 10.111.1, specifying the Distribution Date upon which the final distribution shall be made, shall be given promptly by the Trustee by first class mail Certificate Administrator to the Paying AgentTrustee, the 17g-5 Information Provider, the Rating AgenciesAgencies (subject to Section 5.7), the Holders of the Residual Class R Certificates, the REMIC III Regular Certificates and the REMIC Regular Class PST Certificates mailed no later than ten (10) days prior to the date of such termination. Such notice shall specify (A) the Distribution Date upon which final distribution on the Residual Class R Certificates, the REMIC III Regular Certificates and the REMIC Regular Class PST Certificates will be made, and upon presentation and surrender of the Residual Certificates and the REMIC Regular such Certificates at the office or agency of the Certificate Registrar therein specified, and (B) that the Record Date otherwise applicable to such Distribution Date is not applicable, distribution being made only upon presentation and surrender of the Residual Certificates and the REMIC Regular such Certificates at the office or agency of the Certificate Registrar therein specified. The Trustee Certificate Administrator shall give such notice to the Depositor Depositor, the Trustee and the Certificate Registrar at the time such notice is given to Holders of the Residual Certificates and the REMIC Regular such Certificates. Upon any such termination, the duties of the Certificate Registrar with respect to the Residual Class R Certificates, the REMIC III Regular Certificates and the REMIC Regular Class PST Certificates shall terminate and the Trustee shall terminate, or request the Master Servicer and the Paying Agent Certificate Administrator to terminate, the Certificate Collection Account and the Distribution Account and any other account or fund maintained with respect to the Certificates, subject to the Paying Agent's Certificate Administrator’s obligation hereunder to hold all amounts payable to the Holders of the Residual Class R Certificates, the REMIC III Regular Certificates and the REMIC Regular Class PST Certificates in trust without interest pending such payment.

Appears in 2 contracts

Samples: Distribution Instructions (Morgan Stanley Bank of America Merrill Lynch Trust 2012-C5), Distribution Instructions (Morgan Stanley Bank of America Merrill Lynch Trust 2012-C5)

Procedure Upon Termination of Trust. (a) Notice of any termination pursuant to the provisions of Section 10.1, specifying the Distribution Date upon which the final distribution shall be made, shall be given promptly by the Trustee Paying Agent by first class mail to the Paying AgentTrustee, the Rating Agencies, the Swap Counterparty, the Holders of the Residual Certificates, the Class T Certificates and the REMIC Regular Certificates, the Class A-2FL Certificates, the Class A-MFL Certificates and the Class A-JFL Certificates mailed no later than ten days prior to the date of such termination. Such notice shall specify (A) the Distribution Date upon which final distribution on the Residual Certificates, the REMIC Regular Certificates, the Class T Certificates and the REMIC Regular Class A-2FL Certificates, the Class A-MFL Certificates and the Class A-JFL Certificates will be made, and upon presentation and surrender of the Residual Certificates and the REMIC Regular such Certificates at the office or agency of the Certificate Registrar therein specified, and (B) that the Record Date otherwise applicable to such Distribution Date is not applicable, distribution being made only upon presentation and surrender of the Residual Certificates and the REMIC Regular such Certificates at the office or agency of the Certificate Registrar therein specified. The Trustee Paying Agent shall give such notice to the Depositor and the Certificate Registrar at the time such notice is given to Holders of the Residual Certificates and the REMIC Regular such Certificates. Upon any such termination, the duties of the 283 Certificate Registrar with respect to the Residual Certificates and the REMIC Regular Certificates, the Class T Certificates and the Class A-2FL Certificates, the Class A-MFL Certificates and the Class A-JFL Certificates shall terminate and the Trustee shall terminate, or request the Master Servicer and the Paying Agent to terminate, the Certificate Account and the Distribution Account and any other account or fund maintained with respect to the Certificates, subject to the Paying Agent's obligation hereunder to hold all amounts payable to the Holders of the Residual Certificates and the REMIC Regular Certificates, the Class A-2FL Certificates, the Class A-MFL Certificates and the Class A-JFL Certificates in trust without interest pending such payment.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2007-Hq12)

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Procedure Upon Termination of Trust. (a) Notice of any termination pursuant to the provisions of Section 10.1, specifying the Distribution Date upon which the final distribution shall be made, shall be given promptly by the Trustee by first class mail to the Paying Agent, the Rating Agencies, the Swap Counterparty, the Holders of the Residual Certificates, the Class Q Certificates and the REMIC Regular Certificates and the Class A-4FL Certificates and the Class A-MFL Certificates mailed no later than ten days prior to the date of such termination. Such notice shall specify (A) the Distribution Date upon which final distribution on the Residual Certificates, the REMIC III Regular Certificates, the Class Q Certificates and the REMIC Regular Class A-4FL Certificates and the Class A-MFL Certificates will be made, and upon presentation and surrender of the Residual Certificates and the REMIC Regular such Certificates at the office or agency of the Certificate Registrar therein specified, and (B) that the Record Date otherwise applicable to such Distribution Date is not applicable, distribution being made only upon presentation and surrender of the Residual Certificates and the REMIC Regular such Certificates at the office or agency of the Certificate Registrar therein specified. The Trustee shall give such notice to the Depositor and the Certificate Registrar at the time such notice is given to Holders of the Residual Certificates and the REMIC Regular such Certificates. Upon any such termination, the duties of the Certificate Registrar with respect to the Residual Certificates and the REMIC Regular Certificates, the Class Q Certificates, the Class A-4FL Certificates and the Class A-MFL Certificates shall terminate and the Trustee shall terminate, or request the Master Servicer and the Paying Agent to terminate, the Certificate Account and the Distribution cclxxxiii Account and any other account or fund maintained with respect to the Certificates, subject to the Paying Agent's obligation hereunder to hold all amounts payable to the Holders of the Residual Certificates and the REMIC Regular Certificates, the Class A-4FL Certificates and the Class A-MFL Certificates in trust without interest pending such payment.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2006-Hq10)

Procedure Upon Termination of Trust. (a) Notice of any termination pursuant to the provisions of Section 10.1, specifying the Distribution Date upon which the final distribution shall be made, shall be given promptly by the Trustee by first class mail to the Paying Agent, the Rating Agencies, the Swap Counterparty, the Holders of the Residual Certificates, the Class T Certificates, the REMIC III Regular Certificates, the Class A-4FL Certificates and the REMIC Regular Class A-MFL Certificates mailed no later than ten days prior to the date of such termination. Such notice shall specify (A) the Distribution Date upon which final distribution on the Residual Certificates, the Class T Certificates, the REMIC III Regular Certificates, the Class A-4FL Certificates and the REMIC Regular Class A-MFL Certificates will be made, and upon presentation and surrender of the Residual Certificates and the REMIC Regular such Certificates at the office or agency of the Certificate Registrar therein specified, and (B) that the Record Date otherwise applicable to such Distribution Date is not applicable, distribution being made only upon presentation and surrender of the Residual Certificates and the REMIC Regular such Certificates at the office or agency of the Certificate Registrar therein specified. The Trustee shall give such notice to the Depositor and the Certificate Registrar at the time such notice is given to Holders of the Residual Certificates and the REMIC Regular such Certificates. Upon any such termination, the duties of the Certificate Registrar with respect to the Residual Certificates, the Class T Certificates, the REMIC III Regular Certificates the Class A-4FL Certificates and the REMIC Regular Class A-MFL Certificates shall terminate and the Trustee shall terminate, or request the Master 281 Servicer and the Paying Agent to terminate, the Certificate Account and the Distribution Account and any other account or fund maintained with respect to the Certificates, subject to the Paying Agent's obligation hereunder to hold all amounts payable to the Holders of the Residual Certificates, the REMIC III Regular Certificates, the Class A-4FL Certificates and the REMIC Regular Class A-MFL Certificates in trust without interest pending such payment.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2007-Hq11)

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