Termination of Trust Fund. At the end of the project repayment period, the Agricultural Rate Management Trust Fund shall be terminated and any balances remaining in the accounts for each of the Agricultural Contractors shall be disbursed to the respective Agricultural Contractors.
Termination of Trust Fund. The Trust, Supplemental Interest Trust or Trust Fund shall be terminated pursuant to any provision of the Pooling and Servicing Agreement (including, without limitation, by completion of a successful auction termination or by exercise of the option to purchase and giving of notice under Sections 10.01 of the Pooling and Servicing Agreement). The Early Termination Date with respect to such Additional Termination Event shall be the Distribution Date upon which the Trust and the Supplemental Interest Trust or Trust Fund is terminated and final payment is made in respect of the Certificates. Each of BNY and the Counterparty may designate an Early Termination Date in respect of this Additional Termination Event. The Counterparty shall be the sole Affected Party.
Termination of Trust Fund. The Trust Fund shall be terminated pursuant to any provision of the Pooling and Servicing Agreement. The Early Termination Date shall be the Distribution Date upon which final payment is made in respect of the Certificates.
Termination of Trust Fund. The Trust, Supplemental Interest Trust or Trust Fund shall be terminated pursuant to any provision of the Pooling and Servicing Agreement (including, without limitation, by exercise of the option to purchase and giving of notice under Sections 10.01 and 10.02 of the Pooling and Servicing Agreement). The Early Termination Date with respect to such Additional Termination Event shall be the Distribution Date upon which the Trust and the Supplemental Interest Trust or Trust Fund is terminated and final payment is made in respect of the Certificates. Each of Party A and Party B may designate an Early Termination Date in respect of this Additional Termination Event. Party B shall be the sole Affected Party.
Termination of Trust Fund. 19.1 TERMINATION 19.2 NOTIFICATION OF TERMINATION ARTICLE 20 – TRUSTEES’ACCOUNTS 20.1 TRUSTEES’ ACCOUNTS 20.2 AUDIT REQUIREMENT
Termination of Trust Fund. This Trust Agreement and the Trust created hereby may be terminated at any time by the Company upon thirty (30) days notice.
Termination of Trust Fund. The Trust Fund shall be terminated pursuant to any provision of the Pooling and Servicing Agreement. The Early Termination Date shall be the Distribution Date upon which final payment is made in respect of the Certificates; provided, further, that notwithstanding Section 6(b)(iv) of the ISDA Form Master Agreement, both BNY and Counterparty shall have the right to designate an Early Termination Date in respect of this Additional Termination Event..
Termination of Trust Fund. The Trust Fund created hereunder and all obligations created by this Agreement will terminate upon the payment to the Certificateholders of all Certificates all amounts required to be paid to such Certificateholders pursuant to this Agreement upon the latest to occur of (a) the final payment or other liquidation (or any advance made with respect thereto) of the last Mortgage Loan in the Trust Fund, (b) the disposition of all property acquired in respect of any Mortgage Loan remaining in the Trust Fund and (c) at any time when a Qualified Liquidation of the Trust Fund is effected as described below. To effect a termination of this Agreement pursuant to clause (c) above, the Certificateholders of all Certificates then Outstanding shall (i) unanimously direct the Trustee on behalf of REMIC I and REMIC II to adopt a plan of complete liquidation as contemplated by Section 860F(a)(4) of the Code and (ii) provide to the Trustee an opinion of counsel experienced in federal income tax matters reasonably acceptable to the Trustee to the effect that each such liquidation constitutes a Qualified Liquidation, and the Trustee either shall sell the Mortgage Loans and distribute the proceeds of the liquidation of REMIC I and REMIC II, or shall distribute equitably in kind all of the assets of REMIC I and REMIC II to the remaining Certificateholders of the Certificates each in accordance with such plan, so that the liquidation or distribution of any proceeds of the liquidation and the termination of this Agreement occur no later than the close of the 90th day after the date of adoption of the plan of liquidation and such liquidation qualifies as a Qualified Liquidation. In no event, however, will the Trust Fund created by this Agreement continue beyond the expiration of twenty-one (21) years from the death of the last survivor of the descendants of Xxxxxx X. Xxxxxxx, the late Ambassador of the United States to the Court of Saint Xxxxx, living on the date hereof. The Trustee shall give written notice of termination of the Agreement to each Certificateholder in the manner set forth in Section 11.05.
Termination of Trust Fund. In the event that (I) an actuarial valuation by a Qualified Actuary results in a determination that the Reserve Value under policies issued or reinsurance assumed by the Syndicate is equal to or less than the lesser of $5,000,000 or 10% of the amount of the Trust Fund as of the Closing Date, and (ii) the policyholders' surplus of FMIC as of FMIC's most recent certified audit on file with the Illinois Department of Insurance is greater than $10,000,000, then the Trust Fund shall terminate and all remaining assets held in the Trust Fund shall immediately be paid to FMIC. The termination of the Trust Fund shall not extinguish any other obligation of the parties hereunder except for the reporting obligations set forth in Subsection (C)hereof and shall not terminate the obligation of FMIC to pay any and all claims under the policies issued or reinsurance assumed by the Syndicate.
Termination of Trust Fund. Upon Maturity or Redemption of the Underlying Bond. The obligations and responsibilities of the Trustee (other than the obligation of the Trustee to make payments to Certificateholders as set forth in Section 7.02) shall terminate in accordance with Section 7.02 or on the final payment or earlier redemption of the Underlying Bond; provided, however, that in no event shall the Trust Fund created hereby continue beyond the expiration of 21 years from the death of the last survivor of the descendants of Xxxxxx X. Xxxxxxx, the late Ambassador of the United States to the Court of St. James's, living on the date hereof and provided further, that in no event shall the Trust Fund created hereby continue beyond May 25, 2028.
