Common use of Termination of the Obligations of the Underwriters Clause in Contracts

Termination of the Obligations of the Underwriters. The obligations of the Underwriters to purchase the Certificates on the Delivery Date shall be terminable by the Underwriters if (a) at any time on or prior to the Delivery Date (i) trading in securities generally on the New York Stock Exchange shall have been suspended or materially limited, or there shall have been any setting of minimum prices for trading on such exchange, (ii) a general moratorium on commercial banking activities in New York shall have been declared by either Federal or New York State authorities, (iii) there shall have occurred any material outbreak or escalation of hostilities or other calamity or crisis, the effect of which on the financial markets of the United States is such as to make it, in your judgment as representative of the Underwriters, impracticable to consummate the transactions contemplated herein or is such as would materially and adversely affect the marketability of or the market price for the Certificates or (iv) any change or any development involving a prospective change, materially and adversely affecting (A) the Trust Fund taken as a whole or (B) the business or properties of the Depositor occurs, which, in your reasonable judgment as representative of the Underwriters, in the case of either clause (A) or (B), materially impairs the investment quality of the Certificates or (b) any representation or warranty of another party shall be incorrect in any material respect.

Termination of the Obligations of the Underwriters. The obligations of the Underwriters to purchase the Certificates of a given Series on the related Delivery Date shall be terminable by the Underwriters if (a) at any time on or prior to the Delivery Date (i) trading in securities generally on the New York Stock Exchange shall have been suspended or materially limited, or there shall have been any setting of minimum prices for trading on such exchange, (ii) a general moratorium on commercial banking activities in New York shall have been declared by either Federal or New York State authorities, (iii) there shall have occurred any material outbreak or escalation of hostilities or other calamity or crisis, the effect of which on the financial markets of the United States is such as to make it, in your judgment as representative of the Underwriters, impracticable to consummate the transactions contemplated herein or is such as would materially and adversely affect the marketability of or the market price for the Certificates or (iv) any change or any development involving a prospective change, materially and adversely affecting (A) the Trust Fund taken as a whole or (B) the business or properties of the Depositor occurs, which, in your reasonable judgment as representative of the Underwriters, in the case of either clause (A) or (B), materially impairs the investment quality of the Certificates or (b) any representation or warranty of another party shall be incorrect in any material respect.

Termination of the Obligations of the Underwriters. The obligations of the Underwriters to purchase the Certificates [Certificates] [Notes] on the Delivery Date shall be terminable by the Underwriters if (a) at any time on or prior to the Delivery Date (i) trading in securities generally on the New York Stock Exchange shall have been suspended or materially limited, or there shall have been any setting of minimum prices for trading on such exchange, (ii) a general moratorium on commercial banking activities in New York shall have been declared by either Federal or New York State authorities, (iii) there shall have occurred any material outbreak or escalation of hostilities or other calamity or crisis, the effect of which on the financial markets of the United States is such as to make it, in your judgment as representative of the Underwriters, impracticable to consummate the transactions contemplated herein or is such as would materially and adversely affect the marketability of or the market price for the Certificates [Certificates] [Notes] or (iv) any change or any development involving a prospective change, materially and adversely affecting (A) the Trust Fund taken as a whole or (B) the business or properties of the Depositor occurs, which, in your reasonable judgment as representative of the Underwriters, in the case of either clause (A) or (B), materially impairs the investment quality of the Certificates [Certificates] [Notes] or (b) any representation or warranty of another party shall be incorrect in any material respect.

Termination of the Obligations of the Underwriters. The obligations of the Underwriters to purchase the Certificates on the Specified Delivery Date shall be terminable by the Underwriters if (a) at any time on or prior to the Specified Delivery Date (i) trading in securities generally on the New York Stock Exchange shall have been suspended or materially limited, or there shall have been any setting of minimum prices for trading on such exchange, (ii) a general moratorium on commercial banking activities in New York shall have been declared by either any Federal or New York State authorities, (iii) there shall have occurred any material outbreak or escalation of hostilities or other calamity or crisis, the effect of which on the financial markets of the United States is such as to make it, in your judgment as representative of the Underwriters, impracticable to consummate the transactions contemplated herein or is such as would materially and adversely affect the marketability of or the market price for the Certificates or (iv) any change or any development involving a prospective changechange occurs, materially and adversely affecting (A) the Trust Fund taken as a whole or (B) the business or properties of the Depositor occursDepositor, which, in your reasonable judgment as representative of the Underwriters, in the case of either clause (A) or (B), materially impairs the investment quality of the Certificates or (b) any representation or warranty of another party shall be incorrect in any material respect.

Termination of the Obligations of the Underwriters. The obligations of the Underwriters to purchase on the related Specified Delivery Date the Certificates on described in the Delivery Date related Terms Agreement shall be terminable by the such Underwriters if (a) at any time on or prior to the such Specified Delivery Date (i) trading in securities generally on the New York Stock Exchange shall have been suspended or materially limited, or there shall have been any setting of minimum prices for trading on such exchange, (ii) a general moratorium on commercial banking activities in New York shall have been declared by either any Federal or New York State authorities, (iii) there shall have occurred any material outbreak or escalation of hostilities or other calamity or crisis, the effect of which on the financial markets of the United States is such as to make it, in your judgment as representative of the such Underwriters, impracticable to consummate the transactions contemplated herein or is such as would materially and adversely affect the marketability of or the market price for the such Certificates or (iv) any change or any development involving a prospective changechange occurs, materially and adversely affecting (A) the related Trust Fund taken as a whole or (B) the business or properties of the Depositor occursDepositor, which, in your reasonable judgment as representative of the such Underwriters, in the case of either clause (A) or (B), materially impairs the investment quality of the Certificates or (b) any representation or warranty of another party shall be incorrect in any material respect.