Common use of Termination of Trust Agreement Clause in Contracts

Termination of Trust Agreement. (a) This Agreement (other than Section 5.05 and Article 8) and the Trust shall terminate and be of no further force or effect upon the final distribution by the Owner Trustee of all moneys or other property or proceeds of the Trust Estate in accordance with the terms of the Indenture, the Sale and Servicing Agreement and Article 5. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder shall not (i) operate to terminate this Agreement or the Trust, (ii) entitle such Certificateholder’s legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of all or any part of the Trust or Trust Estate or (iii) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 59 contracts

Samples: Trust Agreement (Hyundai Auto Receivables Trust 2013-A), Trust Agreement (Hyundai Auto Receivables Trust 2014-B), Trust Agreement (Hyundai Auto Receivables Trust 2015-B)

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Termination of Trust Agreement. (a) This Agreement (other than Section 5.05 and Article 8) and the The Trust shall terminate and be of no further force or effect upon dissolved immediately prior to the final distribution by the Owner Trustee or Paying Agent of all moneys monies or other property or proceeds of the Owner Trust Estate in accordance with the terms of the Indenture, the Sale and Servicing Agreement Agreement, the Interest Rate Swaps, if any, and Article 5. V. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder shall not (ix) operate to terminate this Agreement or the Trust, Trust or (iiy) entitle such Certificateholder’s legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of all or any part of the Trust or Owner Trust Estate or (iiiz) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 24 contracts

Samples: Trust Agreement (World Omni Auto Receivables Trust 2011-A), Trust Agreement (World Omni Auto Receivables Trust 2013-A), Trust Agreement (World Omni Auto Receivables Trust 2010-A)

Termination of Trust Agreement. (a) This Agreement (other than Section 5.05 and Article 8) VIII) and the Trust shall terminate and be of no further force or effect upon the final distribution by the Owner Trustee of all moneys or other property or proceeds of the Trust Estate in accordance with the terms of the Indenture, the Sale and Servicing Agreement and Article 5. V. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder shall not (i) operate to terminate this Agreement or the Trust, (ii) entitle such Certificateholder’s 's legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of all or any part of the Trust or Trust Estate or (iii) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 12 contracts

Samples: Trust Agreement (BMW Vehicle Owner Trust 2001-A), Trust Agreement (Hyundai Abs Funding Corp), Trust Agreement (BMW Vehicle Owner Trust 2002-A)

Termination of Trust Agreement. (a) This Agreement (other than Section 5.05 Article VIII) and Article 8) and the Trust Issuer shall terminate and be of no further force or effect effect, upon the final distribution by the Owner Trustee of all moneys or other property or proceeds of the Owner Trust Estate in accordance with the terms of the Indenture, the Sale and Servicing Agreement and Article 5. V. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder or Owner shall not (ix) operate to terminate this Agreement or the TrustIssuer, nor (iiy) entitle such Certificateholder’s 's or Owner's legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of all or any part of the Trust Issuer or Owner Trust Estate or nor (iiiz) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 12 contracts

Samples: Bas Securitization LLC, Trust Agreement (Key Consumer Acceptance Corp), Trust Agreement (Key Consumer Acceptance Corp)

Termination of Trust Agreement. (a) This Agreement (other than Section 5.05 and Article 8) VIII) and the Trust shall terminate and be of no further force or effect upon the final distribution by the Owner Eligible Lender Trustee of all moneys or other property or proceeds of the Trust Estate in accordance with the terms of the Indenture, the Sale and Servicing Administration Agreement and Article 5. V. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder the holder of the Excess Distribution Certificate shall not (ix) operate to terminate this Agreement or the Trust, nor (iiy) entitle such Certificateholder’s holder's legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of all or any part of the Trust or Trust Estate or nor (iiiz) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 11 contracts

Samples: Trust Agreement (SLM Funding LLC), Trust Agreement (SLM Funding LLC), Trust Agreement (SLM Funding LLC)

Termination of Trust Agreement. (a) This Agreement (other than Section 5.05 and Article 8) VIII) and the Trust shall terminate and be of no further force or effect upon the final distribution by the Owner Trustee of all moneys or other property or proceeds of the Trust Estate in accordance with the terms of the Indenture, the Sale and Servicing Agreement and Article 5. V. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder shall not (i) operate to terminate this Agreement or the Trust, (ii) entitle such Certificateholder’s legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of all or any part of the Trust or Trust Estate or (iii) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 10 contracts

Samples: Trust Agreement (Hyundai Auto Receivables Trust 2009-A), Trust Agreement (Hyundai Abs Funding Corp), Trust Agreement (Hyundai Auto Receivables Trust 2006-A)

Termination of Trust Agreement. (a) This Agreement (other than Section 5.05 and Article 8) VIII) and the Trust shall terminate and be of no further force or effect upon the final distribution by the Owner Trustee or Paying Agent of all moneys monies or other property or proceeds of the Owner Trust Estate in accordance with the terms of the Indenture, the Sale and Servicing Agreement and Article 5. V. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder shall not (ix) operate to terminate this Agreement or the Trust, Trust or (iiy) entitle such Certificateholder’s legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of all or any part of the Trust or Owner Trust Estate or (iiiz) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 5 contracts

Samples: Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (World Omni Auto Receivables Trust 2006-A), Trust Agreement (World Omni Auto Receivables Trust 2006-B)

Termination of Trust Agreement. (a) This Agreement (other than Section 5.05 and Article 8) VIII) and the Trust shall terminate and be of no further force or effect upon the final distribution by the Owner Trustee of all moneys or other property or proceeds of the Trust Estate in accordance with the terms of the Indenture, the Sale and Servicing Administration Agreement and Article 5V of this Agreement. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder the holder of the Excess Distribution Certificate, shall not (ix) operate to terminate this Agreement or the Trust, nor (iiy) entitle such Certificateholder’s holder's legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of all or any part of the Trust or Trust Estate or nor (iiiz) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 5 contracts

Samples: Trust Agreement (SLM Education Credit Funding LLC), Trust Agreement (SLM Education Credit Funding LLC), Trust Agreement (SLM Education Credit Funding LLC)

Termination of Trust Agreement. (a) This Agreement (other than Section 5.05 and Article 8) and the The Trust shall terminate and be of no further force or effect dissolve, upon the final distribution by the Owner Trustee of all moneys or other property or proceeds of the Trust Estate in accordance with the Delaware Business Trust Act and the terms of the Indenture, . Any money or other property held as part of the Sale and Servicing Agreement and Article 5Trust Estate following such distribution shall be distributed to the Beneficiary. The bankruptcy, liquidation, dissolution, termination, death or incapacity of any Certificateholder the Beneficiary shall not (ix) operate to terminate this Agreement or the Trust, or (iiy) entitle such Certificateholder’s the Beneficiary's legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of all or any part of the Trust or Trust Estate or (iiiz) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 3 contracts

Samples: Trust Agreement (Daimlerchrysler Wholesale Receivables LLC), Trust Agreement (Mbna Credit Card Master Note Trust), Trust Agreement (Carco Auto Loan Master Trust)

Termination of Trust Agreement. (a) This Agreement (other than Section 5.05 and Article 8) and the Trust shall terminate and be of no further force or effect upon the final distribution by the Owner Trustee of all moneys or other property or proceeds of the Trust Estate in accordance with the terms of the Indenture, the Sale and Servicing Agreement and Article 5. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder shall not (i) operate to terminate this Agreement or the Trust, (ii) entitle such Certificateholder’s legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of all or any part of the Trust or Trust Estate or (iii) otherwise affect the rights, obligations and liabilities of the parties hereto.. 30 (2019-B Amended and Restated Trust Agreement)

Appears in 2 contracts

Samples: Trust Agreement (Hyundai Abs Funding LLC), Trust Agreement (Hyundai Abs Funding LLC)

Termination of Trust Agreement. (a) This Agreement (other than Section 5.05 and Article 8) VIII) and the Trust shall terminate and be of no further force or effect upon the final distribution by the Owner Trustee or Paying Agent of all moneys monies or other property or proceeds of the Owner Trust Estate in accordance with the terms of the Indenture, the Sale and Servicing Agreement and Article 5. V. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder shall not (ix) operate to terminate this Agreement or the Trust, Trust or (iiy) entitle such Certificateholder’s 's legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of all or any part of the Trust or Owner Trust Estate or (iiiz) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 2 contracts

Samples: Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (World Omni Auto Receivables LLC)

Termination of Trust Agreement. (a) This Agreement (other than Section 5.05 Article VIII) and Article 8) and the Trust Issuer shall terminate and be of no further force or effect effect, upon the final distribution by the Owner Trustee of all moneys or other property or proceeds of the Owner Trust Estate in accordance with the terms of the Indenture, the Sale and Servicing Agreement and Article 5. V. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder shall not (ix) operate to terminate this Agreement or the TrustIssuer, nor (iiy) entitle such Certificateholder’s 's legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of all or any part of the Trust Issuer or Owner Trust Estate or nor (iiiz) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 2 contracts

Samples: Trust Agreement (Key Consumer Acceptance Corp), Trust Agreement (Key Consumer Acceptance Corp)

Termination of Trust Agreement. (a) This Agreement ------------------------------ (other than Section 5.05 and Article 8) VIII) and the Trust shall terminate and be of no further force or effect upon the final distribution by the Owner Trustee of all moneys monies or other property or proceeds of the Owner Trust Estate in accordance with the terms of the Indenture, the Sale and Servicing Agreement and Article 5. V. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder shall not (ix) operate to terminate this Agreement or the Trust, Trust or (iiy) entitle such Certificateholder’s 's legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of all or any part of the Trust or Owner Trust Estate or (iiiz) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 2 contracts

Samples: Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (World Omni Auto Receivables LLC)

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Termination of Trust Agreement. (a) This Agreement (other than Section 5.05 and Article 8) and the The Trust shall terminate and be of no further force or effect dissolve upon the final distribution by the Owner Trustee of all moneys monies or other property or proceeds of the Trust Estate in accordance with the terms of the Indenture, the Sale and Servicing Agreement and Article 5Five and the payment by the Trust of all amounts it owes to the Swap Counterparty under the terms of the Interest Rate Swap Agreement. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder Owner shall not (i) operate to terminate this Agreement or the Trust, (ii) entitle such Certificateholder’s Owner's legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of all or any part of the Trust or Trust Estate or (iii) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 1 contract

Samples: Trust Agreement (WFS Receivables Corp 2)

Termination of Trust Agreement. (a) This Agreement (other than Section 5.05 and Article 8) VIII) and the Trust shall terminate and be of no further force or effect upon on the termination of the Commitment and the final distribution by the Owner Indenture Trustee of all moneys or other property or proceeds of the assets of the Trust Estate in accordance with the terms of the Indenture, the Sale and Servicing Agreement and Article 5. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder shall not (ix) operate to terminate this Agreement or the Trust, nor (iiy) entitle such Certificateholder’s 's legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of all or any part of the Trust or the Owner Trust Estate or (iiiz) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 1 contract

Samples: Trust Agreement (Oakwood Homes Corp)

Termination of Trust Agreement. (a) This Agreement (other than Section 5.05 and Article 8) VIII) and the Trust shall will terminate and be of no further force or effect upon the final distribution by the Owner Trustee of all moneys or other property or proceeds of the Owner Trust Estate in accordance with the terms of the Indenture, the Sale Transfer and Servicing Agreement and Article 5. V. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder shall will not (ix) operate to terminate this Agreement or the Trust, Trust or (iiy) entitle such Certificateholder’s 's legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of all or any part of the Trust or Owner Trust Estate or (iiiz) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 1 contract

Samples: Trust Agreement (Deutsche Recreational Asset Funding Corp)

Termination of Trust Agreement. (a) This Agreement (other than Section 5.05 and Article 8) and the Trust shall terminate and be of no further force or effect upon the final distribution by the Owner Trustee of all moneys or other property or proceeds of the Trust Estate in accordance with the terms of the Indenture, the Sale and Servicing Agreement and Article 5. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder shall not (i) operate to terminate this Agreement or the Trust, (ii) entitle such Certificateholder’s legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of all or any part of the Trust or Trust Estate or (iii) otherwise affect the rights, obligations and liabilities of the parties hereto.. 30 (2013-B Amended and Restated Trust Agreement)

Appears in 1 contract

Samples: Trust Agreement (Hyundai Abs Funding Corp)

Termination of Trust Agreement. (a) This The Trust shall be dissolved and this Agreement (other than Section 5.05 and Article 8) and the Trust Eight) shall terminate and be of no further force or effect upon the final distribution by the Owner Trustee of all moneys or other property or proceeds of the Trust Estate in accordance with the terms of the Indenture, the Sale and Servicing this Agreement and Article 5the other Basic Documents. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder the Trust Depositor as described in Section 9.02, shall not (i) operate to terminate this Agreement or the Trust, (ii) entitle such Certificateholder’s the Trust Depositor's legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of all or any part of the Trust or Trust Estate or (iii) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 1 contract

Samples: Trust Agreement (Mitsui Vendor Leasing 1998-1 LLC)

Termination of Trust Agreement. (a) This Agreement (other than Section 5.05 and Article 8) VIII) and the Trust shall terminate and be of no further force or effect upon the final distribution by the Owner Trustee of all moneys or other property or proceeds of the Trust Estate in accordance with the terms of the Indenture, the Sale and Servicing Agreement and Article 5. V. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder shall not (i) operate to terminate this Agreement or the Trust, (ii) entitle such Certificateholder’s legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or 27 (2005-A Amended and Restated Trust Agreement) winding up of all or any part of the Trust or Trust Estate or (iii) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 1 contract

Samples: Trust Agreement (Hyundai Abs Funding Corp)

Termination of Trust Agreement. (a) This Agreement (other than Section 5.05 and Article 8) VIII) and the Trust shall terminate and be of no further force or effect upon the final distribution by the Owner Trustee of all moneys or other property or proceeds of the Trust Estate in accordance with the terms of the Indenture, the Sale and Servicing Administration Agreement and Article 5V of this Agreement. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder the holder of the Excess Distribution Certificate, shall not (ix) operate to terminate this Agreement or the Trust, nor (iiy) entitle such Certificateholderholder’s legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of all or any part of the Trust or Trust Estate or nor (iiiz) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 1 contract

Samples: Trust Agreement (SLM Education Credit Funding LLC)

Termination of Trust Agreement. (a) This Agreement (other than Section 5.05 and Article 8) and the The Trust shall terminate and be of no further force or effect dissolve upon the final distribution by the Owner Trustee of all moneys monies or other property or proceeds of the Trust Estate in accordance with the terms of the Indenture, the Sale and Servicing Agreement and Article 5Five and the payment by the Trust of all amounts it owes to the Swap Counterparty under the Interest Rate Swap Agreement. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder Owner shall not (i) operate to terminate this Agreement or the Trust, (ii) entitle such Certificateholder’s Owner's legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of all or any part of the Trust or Trust Estate or (iii) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 1 contract

Samples: Trust Agreement (WFS Financial 2005-3 Owner Trust)

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