Common use of Death or Incapacity Clause in Contracts

Death or Incapacity. The death or incapacity of any Holder will not operate to terminate any of the Trust Documents nor entitle such Holder’s legal representative or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of the affairs of the related Trust, or otherwise affect the rights, duties and obligations of any of the parties to the Trust Documents.

Appears in 10 contracts

Samples: Federal National Mortgage Association, SMBS Master Trust Agreement, Supers Master Trust Agreement

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Death or Incapacity. The death or incapacity of any Holder will not operate to terminate any of the Trust Documents nor entitle such Holder’s legal representative or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of the affairs of the related Trust, or nor otherwise affect the rights, duties and obligations of any of the parties to the Trust Documents.

Appears in 8 contracts

Samples: Master Trust Agreement, Federal National Mortgage Association, Federal National Mortgage Association

Death or Incapacity. The death or incapacity of any Holder will not operate to terminate any of the Trust Documents nor entitle such HolderXxxxxx’s legal representative or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of the affairs of the related Trust, or nor otherwise affect the rights, duties and obligations of any of the parties to the Trust Documents.

Appears in 5 contracts

Samples: Federal National Mortgage Association, Family Master Trust Agreement, Federal National Mortgage Association

Death or Incapacity. The death or incapacity of any Holder will not operate to terminate any of the Trust Documents nor or entitle such Holder’s legal representative or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of the affairs of the related Trust, or otherwise affect the rights, duties and obligations of any of the parties to the Trust Documents.

Appears in 4 contracts

Samples: Remic Master Trust Agreement, Remic Master Trust Agreement, Remic Master Trust Agreement

Death or Incapacity. The death or incapacity of any Holder will not operate to terminate any of the Trust Documents nor entitle such Holder’s legal representative or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of the affairs of the related Trust, or nor otherwise affect the rights, duties and obligations of any of the parties to the Trust Documents.Documents.‌

Appears in 4 contracts

Samples: Multifamily Master Trust Agreement, Multifamily Master Trust Agreement, Trust Agreement

Death or Incapacity. The death or incapacity of any Holder will not operate to terminate any of the Trust Documents nor entitle such HolderXxxxxx’s legal representative or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of the affairs of the related Trust, or otherwise affect the rights, duties and obligations of any of the parties to the Trust Documents.

Appears in 2 contracts

Samples: Federal National Mortgage Association, Federal National Mortgage Association

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Death or Incapacity. The death or incapacity of any Holder will not operate to terminate any of the Trust Documents nor or entitle such HolderXxxxxx’s legal representative or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of the affairs of the related Trust, or otherwise affect the rights, duties and obligations of any of the parties to the Trust Documents.

Appears in 1 contract

Samples: Remic Master Trust Agreement

Death or Incapacity. The death or incapacity of any Holder will not operate to terminate any of the Trust Documents nor or entitle such Holder’s legal representative or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of the affairs of the related Trust, or otherwise affect the rights, duties and obligations of any of the parties to the Trust Documents.

Appears in 1 contract

Samples: Trust Agreement

Death or Incapacity. The death or incapacity of any Holder will not operate to terminate any of the Trust Documents nor Agreement or entitle such Holder’s legal representative or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of the affairs of the related Trust, or otherwise affect the rights, duties and obligations of any of the parties to the Trust DocumentsAgreement.

Appears in 1 contract

Samples: Trust Agreement

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