Common use of Termination of the Trust Fund Clause in Contracts

Termination of the Trust Fund. Section 9.01 of the Trust Agreement is restated in its entirety as follows: "The respective obligations and responsibilities of Xxxxxx Mac and the Trustee created hereby shall terminate upon the distribution to all Holders of all amounts required to be distributed hereunder upon (i) the repurchase by Xxxxxx Mac of all Qualified Loans and REO Property remaining in the Trust Fund at the Termination Price, (ii) the final payment of the last Qualified Loan and/or REO Property remaining in the Trust Fund; or (iii) distribution by Xxxxxx Mac pursuant to the Xxxxxx Mac Guarantee on the Final Distribution Date for the Class of Certificates having the latest Final Distribution Date of an amount sufficient to reduce the Class Certificate Principal Balance of such Class to zero; provided, however, that in no event shall any trust created hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Xxxxxx X. Xxxxxxx, the late ambassador of the United States of America to the Court of St. James's, living on the Cut-Off Date. The right of Xxxxxx Mac to repurchase all Qualified Loans and REO Property in the Trust Fund pursuant to clause (i) above shall be subject to the aggregate Scheduled Principal Balances of the Qualified Loans being less than the Termination Percentage of the Scheduled Principal Balances thereof as of the Cut-Off Date. Any such repurchase shall take place on a Distribution Date for any then outstanding Class (regardless of whether such Distribution Date constitutes a Distribution Date for all such Classes of Certificates), and the proceeds of any such repurchase shall be distributed to Holders of the applicable Classes of Certificates on such Distribution Date, pro rata, in the first instance in respect of accrued interest and then, as a distribution of principal. In connection with any such termination, Xxxxxx Mac shall make available to financial publications and electronic services notice for the benefit of Holders of Certificates to the effect that the final distribution will be made on the Distribution Date therein specified to Certificateholders of record on the applicable Record Date."

Termination of the Trust Fund. Section 9.01 of the Trust Agreement is restated in its entirety as follows: "The respective obligations and responsibilities of Xxxxxx Mac and the Trustee created hereby shall terminate upon the distribution to all Holders of all amounts required to be distributed hereunder upon (i) the repurchase by Xxxxxx Mac of all Qualified Loans and REO Property remaining in the Trust Fund at the Termination Price, ; (ii) the final payment of the last Qualified Loan and/or REO Property remaining in the Trust Fund; or (iii) distribution by Xxxxxx Mac pursuant to the Xxxxxx Mac Guarantee on the Final Distribution Date for the Class of Certificates having the latest Final Distribution Date of an amount sufficient to reduce the Class Certificate Principal Balance of such Class to zero; provided, however, that in no event shall any trust created hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Xxxxxx X. Xxxxxxx, the late ambassador of the United States of America to the Court of St. James's, living on the Cut-Off Date. The right of Xxxxxx Mac to repurchase all Qualified Loans and REO Property in the Trust Fund pursuant to clause (i) above shall be subject to the aggregate Scheduled Principal Balances of the Qualified Loans being less than the Termination Percentage of the Scheduled Principal Balances thereof as of the Cut-Off Date. Any such repurchase shall take place on a Distribution Date for any then outstanding Class (regardless of whether such Distribution Date constitutes a Distribution Date for all such Classes of Certificates), and the proceeds of any such repurchase shall be distributed to Holders of the applicable Classes of Certificates on such Distribution Date, pro rata, in the first instance in respect of accrued interest and then, as a distribution of principal. In connection with any such termination, Xxxxxx Mac shall make available to financial publications and electronic services notice for the benefit of Holders of Certificates to the effect that the final distribution will be made on the Distribution Date therein specified to Certificateholders of record on the applicable Record Date."

Termination of the Trust Fund. Section 9.01 of the Trust Agreement is restated in its entirety as follows: "The respective obligations and responsibilities of Xxxxxx Mac and the Trustee created hereby shall terminate upon the distribution to all Holders of all amounts required to be distributed hereunder upon (i) the repurchase by Xxxxxx Mac of all Qualified Loans and REO Property remaining in the Trust Fund at the Termination Price, (ii) the final payment of the last Qualified Loan and/or REO Property remaining in the Trust Fund; or (iii) distribution by Xxxxxx Mac pursuant to the Xxxxxx Mac Guarantee on the Final Distribution Date for the Class of Certificates having the latest Final Distribution Date of an amount sufficient to reduce the Class Certificate Principal Balance of such Class to zero; provided, however, that in no event shall any trust created hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Xxxxxx X. Xxxxxxx, the late ambassador of the United States of America to the Court of St. James's, living on the Cut-Off Date. The right of Xxxxxx Mac to repurchase all Qualified Loans and REO Property in the Trust Fund pursuant to clause (i) above shall be subject to the aggregate Scheduled Principal Balances of the Qualified Loans being less than the Termination Percentage of the Scheduled Principal Balances thereof as of the Cut-Off Date. Any such repurchase shall take place on a Distribution Date for any then outstanding Class (regardless of whether such Distribution Date constitutes a Distribution Date for all such Classes of Certificates), and the proceeds of any such repurchase shall be distributed to Holders of the applicable Classes of Certificates on such Distribution Date, pro rata, in the first instance in respect of accrued interest and then, as a distribution of principal. In connection with any such termination, Xxxxxx Mac shall make available to financial publications and electronic services notice for the benefit of Holders of Certificates to the effect that the final distribution will be made on the Distribution Date therein specified to Certificateholders of record on the applicable Record Date."" * * * * * * * * * * *

Termination of the Trust Fund. Section 9.01 of the Trust Agreement is restated in its entirety as follows: "The respective obligations and responsibilities of Xxxxxx Mac and the Trustee created hereby shall terminate upon the distribution to all Holders of all amounts required to be distributed hereunder upon (i) the repurchase by Xxxxxx Mac of all Qualified Loans Loans, QMBS and REO Property remaining in the Trust Fund at the Termination Price, ; (ii) the final payment of the last Qualified Loan Loan, QMBS and/or REO Property remaining in the Trust Fund; or (iii) distribution by Xxxxxx Mac pursuant to the Xxxxxx Mac Guarantee on the Final Distribution Date for the Class of Certificates having the latest Final Distribution Date of an amount sufficient to reduce the Class Certificate Principal Balance of such Class to zero; provided, however, that in no event shall any trust created hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Xxxxxx X. Xxxxxxx, the late ambassador of the United States of America to the Court of St. James's, living on the Cut-Off Date. The right of Xxxxxx Mac to repurchase all Qualified Loans Loans, QMBS and REO Property in the Trust Fund pursuant to clause (i) above shall be subject to the aggregate of the Scheduled Principal Balances of the Qualified Loans and the outstanding principal balance of the QMBS being less than the Termination Percentage of the aggregate of the Scheduled Principal Balances thereof of the Qualified Loans as of the Cut-Off off Date and the outstanding principal balance of the QMBS as of the Closing Date. Any such repurchase shall take place on a Distribution Date for any then outstanding Class (regardless of whether such Distribution Date constitutes a Distribution Date for all such Classes of Certificates)Class, and the proceeds of any such repurchase shall be distributed to Holders of the applicable Classes of Certificates on such Distribution Date, pro rata, in the first instance in respect of accrued interest and then, as a distribution of principal. In connection with any such termination, Xxxxxx Mac shall make available to financial publications and electronic services notice for the benefit of Holders of Certificates to the effect that the final distribution will be made on the Distribution Date therein specified to Certificateholders Holders of record on the applicable Record Date."

Termination of the Trust Fund. Section 9.01 of the Trust Agreement is restated in its entirety as follows: "The respective obligations and responsibilities of Xxxxxx Farmer Mac and the Trustee created hereby shall terminate upon the upxx xxx distribution to all Holders of all amounts required to be distributed hereunder upon (i) the repurchase by Xxxxxx Farmer Mac of all Qualified Loans and REO Property remaining in the xx xxe Trust Fund at the Termination Price, ; (ii) the final payment of the last Qualified Loan and/or REO Property remaining in the Trust Fund; or (iii) distribution by Xxxxxx Farmer Mac pursuant to the Xxxxxx Farmer Mac Guarantee on the Final Fxxxx Distribution Date for the Class xxx Xxass of Certificates having the latest Final Distribution Date of an amount sufficient to reduce the Class Certificate Principal Balance of such Class to zero; provided, however, that in no event shall any trust created hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Xxxxxx X. XxxxxxxJoseph P. Kennedy, the late ambassador of the United States of America to the Xxxxxxx xx xhe Court of St. James's, living on the Cut-Off Date. The right of Xxxxxx Farmer Mac to repurchase all Qualified Loans and REO Property Prxxxxxx in the Trust Fund pursuant to clause (i) above shall be subject to the aggregate Scheduled Principal Balances of the Qualified Loans being less than the Termination Percentage of the Scheduled Principal Balances thereof as of the Cut-Off Date. Any such repurchase shall take place on a Distribution Date for any then outstanding Class (regardless of whether such Distribution Date constitutes a Distribution Date for all such Classes of Certificates), and the proceeds of any such repurchase shall be distributed to Holders of the applicable Classes of Certificates on such Distribution Date, pro rata, in the first instance in respect of accrued interest and then, as a distribution of principal. In connection with any such termination, Xxxxxx Farmer Mac shall make available to financial publications and publicationx xxx electronic services notice for the benefit of Holders of Certificates to the effect that the final distribution will be made on the Distribution Date therein specified to Certificateholders of record on the applicable Record Date."

Termination of the Trust Fund. Section 9.01 of the Trust Agreement is restated in its entirety as follows: "The respective obligations and responsibilities of Xxxxxx Farmer Mac and the Trustee created hereby shall terminate upon the upxx xxx distribution to all Holders of all amounts required to be distributed hereunder upon (i) the repurchase by Xxxxxx Farmer Mac of all Qualified Loans and REO Property remaining in the xx xxe Trust Fund at the Termination Price, (ii) the final payment of the last Qualified Loan and/or REO Property remaining in the Trust Fund; or (iii) distribution by Xxxxxx Farmer Mac pursuant to the Xxxxxx Farmer Mac Guarantee on the Final Distribution Xxxxxibution Date for the Class of xx Certificates having the latest Final Distribution Date of an amount sufficient to reduce the Class Certificate Principal Balance of such Class to zero; provided, however, that in no event shall any trust created hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Xxxxxx X. XxxxxxxJoseph P. Kennedy, the late ambassador of the United States of America to the xx Xxxxxxx xx xxx Court of St. James's, living on the Cut-Off Date. The right of Xxxxxx Farmer Mac to repurchase all Qualified Loans and REO Property in the Propertx xx xhe Trust Fund pursuant to clause (i) above shall be subject to the aggregate Scheduled Principal Balances of the Qualified Loans being less than the Termination Percentage of the Scheduled Principal Balances thereof as of the Cut-Off Date. Any such repurchase shall take place on a Distribution Date for any then outstanding Class (regardless of whether such Distribution Date constitutes a Distribution Date for all such Classes of Certificates), and the proceeds of any such repurchase shall be distributed to Holders of the applicable Classes of Certificates on such Distribution Date, pro rata, in the first instance in respect of accrued interest and then, as a distribution of principal. In connection with any such termination, Xxxxxx Farmer Mac shall make available to financial publications and electronic anx xxxxtronic services notice for the benefit of Holders of Certificates to the effect that the final distribution will be made on the Distribution Date therein specified to Certificateholders of record on the applicable Record Date.". * * * * * * * * * * *