Common use of Termination of Trust Agreement Clause in Contracts

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

Appears in 51 contracts

Samples: Trust Agreement (Wachovia Asset Securitization Inc 2002 He2 Trust), Trust Agreement (GMACM Home Loan Trust 2006-Hltv1), Trust Agreement (GMACM Home Equity Loan Trust 2007-He2)

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Termination of Trust Agreement. (a) This Trust Agreement (other than this Article VIII) 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 Indenture, the Sale and this Trust Agreement. Servicing Agreement and Article V. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder shall not (ix) operate to terminate this Trust Agreement or the Trust, Trust or (iiy) entitle such Certificateholder's ’s legal representatives or heirs to claim an accounting or to take any Proceeding 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 42 contracts

Samples: Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (World Omni Auto Receivables Trust 2018-B), Trust Agreement (World Omni Auto Receivables Trust 2016-A)

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

Appears in 12 contracts

Samples: Trust Agreement (BMW Fs Securities LLC), Trust Agreement (BMW Vehicle Owner Trust 2020-A), Trust Agreement (BMW Vehicle Owner Trust 2019-A)

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

Appears in 11 contracts

Samples: Trust Agreement (BMW Fs Securities LLC), Trust Agreement (BMW Vehicle Owner Trust 2016-A), Trust Agreement (BMW Vehicle Owner Trust 2011-A)

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

Appears in 6 contracts

Samples: Trust Agreement (Phoenix Residential Securities, LLC), Trust Agreement (SG Mortgage Securities, LLC), Trust Agreement (BellaVista Finance CORP)

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Termination of Trust Agreement. (a) This Trust Agreement (other than this Article VIII) and the The Trust shall terminate and be dissolve upon the earlier of no further force or effect upon (i) the final distribution of all moneys or other property or proceeds of the Owner Trust Estate in accordance with the terms of the Indenture and this Trust AgreementAgreement or (ii) the Final Maturity Date. The bankruptcy, liquidation, dissolution, death or incapacity of any a Certificateholder shall not (ix) operate to terminate this Trust Agreement or the Trust, Trust or (iiy) entitle such Certificateholder's ’s legal representatives or heirs to claim an accounting or to take any Proceeding 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 5 contracts

Samples: Trust Agreement (Irwin Whole Loan Home Equity Trust 2005-C), Trust Agreement (Irwin Whole Loan Home Equity Trust 2005-B), Trust Agreement (Home Equity Mortgage Trust 2007-1)

Termination of Trust Agreement. (a) This Trust Agreement (other than this Article VIII) and the The Trust shall terminate and be dissolve upon the earlier of no further force or effect upon (i) the final distribution of all moneys or other property or proceeds of the Owner Trust Estate in accordance with the terms of the Indenture and this Trust AgreementAgreement or (ii) the Final Maturity Date. The bankruptcy, liquidation, dissolution, death or incapacity of any a Certificateholder shall not (ix) operate to terminate this Trust Agreement or the Trust, Trust or (iiy) entitle such Certificateholder's legal representatives or heirs to claim an accounting or to take any Proceeding 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 2 contracts

Samples: Trust Agreement (Merrill Lynch Mortgage Investors Trust, Series 2006-Sl2), Trust Agreement (Merrill Lynch Mortgage Investors Trust, Series 2007-Sl1)

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

Appears in 1 contract

Samples: Trust Agreement (BMW Fs Securities LLC)

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