Common use of Termination Upon Payment to Noteholders Clause in Contracts

Termination Upon Payment to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer, the Indenture Trustee and the Securities Administrator created hereby shall terminate upon the payment to Noteholders, the Certificate Paying Agent on behalf of the Owner Trustee, the Certificateholders, the Indenture Trustee and the Securities Administrator of all amounts required to be paid pursuant to Article III; provided, however, that in no event shall the trust created hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Jxxxxx X. Xxxxxxx, the late ambassador of the United States to the Court of St. Jxxxx, living on the date hereof.

Appears in 7 contracts

Samples: Custodial Agreement (Renaissance Home Equity Loan Trust 2006-3), Custodial Agreement (Renaissance Home Equity Loan Trust 2006-3), Custodial Agreement (Renaissance Home Equity Loan Trust 2006-1, Home Equity Loan Asset-Backed Notes, Series 2006-1)

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Termination Upon Payment to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer, the Indenture Trustee and the Securities Administrator created hereby shall terminate upon the payment to Noteholders, the Certificate Paying Agent on behalf of the Owner Trustee, the Certificateholders, the Indenture Trustee and the Securities Administrator of all amounts required to be paid pursuant to Article III; provided, however, that in no event shall the trust created hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Jxxxxx Xxxxxx X. Xxxxxxx, the late ambassador of the United States to the Court of St. JxxxxXxxxx, living on the date hereof.

Appears in 3 contracts

Samples: Indenture (Renaissance Home Equity Loan Trust 2007-2), Custodial Agreement (Renaissance Home Equity Loan Trust 2007-1), Renaissance Home (Renaissance Home Equity Loan Trust 2005-2)

Termination Upon Payment to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer, the Indenture Trustee and the Securities Administrator created hereby shall terminate upon the payment to Noteholders, the Certificate Paying Agent on behalf of the Owner Trustee, the Certificateholders, the Indenture Trustee and the Securities Administrator of all amounts required to be paid pursuant to Article III; providedPROVIDED, howeverHOWEVER, that in no event shall the trust created hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Jxxxxx Xxxxxx X. Xxxxxxx, the late ambassador of the United States to the Court of St. JxxxxXxxxx, living on the date hereof.

Appears in 2 contracts

Samples: Custodial Agreement (Renaissance Home Equity Loan Trust 2005-1), Renaissance Mortgage Acceptance Corp

Termination Upon Payment to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer, Issuer and the Indenture Trustee and the Securities Administrator created hereby shall terminate upon the payment to the Noteholders, the Certificate Paying Agent (on behalf of the Owner TrusteeCertificateholder), the Certificateholders, Credit Enhancer and the Indenture Trustee and the Securities Administrator of all amounts required to be paid pursuant to Article III; provided, however, that in no event shall the trust created hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Jxxxxx Xxxxxx X. Xxxxxxx, the late ambassador of the United States to the Court of St. JxxxxXxxxx, living on the date hereof.

Appears in 1 contract

Samples: Home Loan Trust 2006-Hi5

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Termination Upon Payment to Noteholders. This Indenture and the respective obligations and responsibilities of the IssuerIssuing Entity, the Indenture Trustee and the Securities Administrator created hereby shall terminate upon the payment to Noteholders, the Certificate Paying Agent on behalf of the Owner Trustee, the Certificateholders, the Indenture Trustee and the Securities Administrator of all amounts required to be paid pursuant to Article IIIIII and Section 6.07 hereof; provided, however, that in no event shall the trust created hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Jxxxxx Xxxxxx X. Xxxxxxx, the late ambassador of the United States to the Court of St. JxxxxXxxxx, living on the date hereof.

Appears in 1 contract

Samples: Newcastle Mortgage Securities Trust 2007-1

Termination Upon Payment to Noteholders. This Indenture and the respective obligations and responsibilities of the Issuer, Issuer and the Indenture Trustee and the Securities Administrator created hereby shall terminate upon the payment to the Noteholders, the Certificate Paying Agent (on behalf of the Certificates), the Owner Trustee, the Certificateholders, Certificateholders and the Indenture Trustee and the Securities Administrator of all amounts required to be paid distributed pursuant to Article III; provided, however, that in no event shall the trust created hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Jxxxxx Xxxxxx X. Xxxxxxx, the late ambassador of the United States to the Court of St. JxxxxJames’s, living on the date hereof.

Appears in 1 contract

Samples: Home Equity Mortgage Trust 2007-1

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