Redemption of Certificates. (a) There shall be no right to redemption pursuant to Section 10.01 of the Standard Terms. Moreover, notwithstanding anything to the contrary in Section 10.02 of the Standard Terms, the obligations created by this Trust Agreement shall terminate upon payment to the Certificateholders of all amounts held in the Collection Account, the Certificate Account and the Distribution Account required to be paid to the Certificateholders pursuant to this Trust Agreement, following the final payment or other liquidation (or any Advance with respect thereto) of the last Mortgage Loan remaining in the Trust Estate or the disposition of all property acquired upon foreclosure of any such Mortgage Loan.
Appears in 25 contracts
Samples: Trust Agreement (GSR Mortgage Loan Trust 2006-10f), Trust Agreement (GSR Mortgage Loan Trust 2006-2f), Trust Agreement (GSR Mortgage Loan Trust 2006-8f)
Redemption of Certificates. (a) There shall be no right to redemption pursuant to Section 10.01 of the Standard Terms. Moreover, notwithstanding anything to the contrary in Section 10.02 of the Standard Terms, the obligations created by this Trust Agreement shall will terminate upon payment to the Certificateholders of all amounts held in the Collection Account, the Certificate Account and the Distribution Account required to be paid to the Certificateholders pursuant to this Trust Agreement, following the final payment or other liquidation (or any Advance with respect thereto) of the last Mortgage Loan remaining in the Trust Estate Fund or the disposition of all property acquired upon foreclosure of any such Mortgage Loan.
Appears in 3 contracts
Samples: Custodial Agreement (GSR Mortgage Loan Trust 2005-3f), Custodial Agreement (GSR Mortgage Loan Trust 2005-2f), Custodial Agreement (GSR Mortgage Loan Trust 2005-4f)
Redemption of Certificates. (a) There shall be no right to redemption pursuant to Section 10.01 of the Standard Terms. Moreover, notwithstanding anything to the contrary in Section 10.02 of the Standard Terms, the obligations created by this Trust Agreement shall terminate upon payment distribution to the Certificateholders of all amounts held in the Collection Account, the Certificate Account and the Distribution Account required to be paid to the Certificateholders pursuant to this Trust Agreement, following the final payment or other liquidation (or any Advance with respect thereto) of the last Mortgage Loan remaining in the Trust Estate or the disposition of all property acquired upon foreclosure of any such Mortgage Loan.
Appears in 1 contract