TERMINATION UPON REPURCHASE BY THE DEPOSITOR OR ITS DESIGNEE OR LIQUIDATION OF THE MORTGAGE LOANS. (a) The respective obligations and responsibilities of the Depositor and the Grantor Trustee created hereby with respect to each Trust Fund, other than the obligation of the Grantor Trustee to make payments to the related Certificateholders as hereinafter set forth, shall terminate upon the later of the making of the final payment or other liquidation, or any advance with respect thereto, of the last Underlying Class M Bond remaining in the related Trust Fund.
Appears in 5 contracts
Samples: Grantor Trust Agreement (Imh Assets Corp Collateralized Asset Backed Bonds Ser 2004 3), Grantor Trust Agreement (Imh Assets Corp Collateralized Asset Backed Bonds Ser 2004 3), Grantor Trust Agreement (Imh Assets Corp Impac CMB Trust Series 2004-7)
TERMINATION UPON REPURCHASE BY THE DEPOSITOR OR ITS DESIGNEE OR LIQUIDATION OF THE MORTGAGE LOANS. (a) The respective obligations and responsibilities of the Depositor and the Grantor Trustee created hereby with respect to each Trust Fund, other than the obligation of the Grantor Trustee to make payments to the related Certificateholders as hereinafter set forth, shall terminate upon the later of the making of the final payment or other liquidation, or any advance with respect thereto, of the last Underlying Class M Bond remaining in the related Trust Fund.
Appears in 2 contracts
Samples: Grantor Trust Agreement (Imh Assets Corp Impac CMB Trust Series 2005-1), Grantor Trust Agreement (Imh Assets Corp Impac CMB Trust Series 2004-9)
