Common use of Termination of Trust Agreement Clause in Contracts

Termination of Trust Agreement. (a) This Agreement (other than Article VIII) shall terminate and the Trust shall dissolve and be wound up upon the payment of all of the Trust’s debts and obligations, including (i) payment of all amounts due on the Notes and all other amounts payable by the Trust under the Indenture, (ii) the payment of all amounts payable by the Trust under the Collateral Administration Agreement and (iii) the payment or discharge of all other amounts owed by the Trust under the Basic Documents. The bankruptcy, liquidation or dissolution of the Certificateholder shall not (x) operate to terminate this Agreement or the Trust, (y) entitle the Certificateholder’s legal representatives to claim an accounting or to take any action or proceeding in any court for a partition or winding up of all or any part of the Trust or Trust Assets or (z) otherwise affect the rights, obligations and liabilities of the parties hereto.

Termination of Trust Agreement. (a) This Agreement (other than Article VIII) shall terminate and the Trust shall dissolve terminate and be wound up of no further force or effect upon (1) the payment final distribution by the Excess Distribution Certificate Paying Agent of all moneys or other property or proceeds of the Trust’s debts and obligations, including (i) payment Trust Estate in accordance with the terms of all amounts due on the Notes and all other amounts payable by the Trust under the Indenture, (ii) the payment of all amounts payable by the Trust under the Collateral Administration Agreement and Article V hereof and (iii2) the payment or discharge filing of all other amounts owed the certificate of cancellation by the Trust under the Basic DocumentsEligible Lender Trustee pursuant to Section 9.1(c) below. The bankruptcy, liquidation liquidation, dissolution, death or dissolution incapacity of the Excess Distribution Certificateholder shall not (x) operate to terminate this Agreement or the Trust, nor (y) entitle the Certificateholdersuch holder’s legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of all or any part of the Trust or Trust Assets or Estate nor (z) otherwise affect the rights, obligations and liabilities of the parties hereto.

Termination of Trust Agreement. (a) This Agreement (other than Article VIII) shall terminate and the Trust shall dissolve terminate and be wound up of no further force or effect upon (1) the payment final distribution by the Excess Distribution Certificate Paying Agent of all moneys or other property or proceeds of the Trust’s debts and obligations, including (i) payment Trust Estate in accordance with the terms of all amounts due on the Notes and all other amounts payable by the Trust under the Indenture, (ii) the payment of all amounts payable by the Trust under the Collateral Administration Agreement and Article V hereof and (iii2) the payment or discharge filing of all other amounts owed the certificate of cancellation by the Trust under the Basic DocumentsEligible Lender Trustee pursuant to section 9.1(b) below. The bankruptcy, liquidation liquidation, dissolution, death or dissolution incapacity of the Excess Distribution Certificateholder shall not (x) operate to terminate this Agreement or the Trust, nor (y) entitle the Certificateholdersuch holder’s legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of all or any part of the Trust or Trust Assets or Estate nor (z) otherwise affect the rights, obligations and liabilities of the parties hereto.

Termination of Trust Agreement. (a) This Agreement (other than Article VIII) shall terminate and the Trust shall dissolve terminate and be wound up of no further force or effect upon the payment earlier of all of the Trust’s debts and obligations, including (i) payment the final distribution by the Eligible Lender Trustee of all amounts due on the Notes and all moneys or other amounts payable by property or proceeds of the Trust under Estate in accordance with the terms of the Indenture, the Administration Agreement and Article V, and (ii) the payment of all amounts payable by the Trust under the Collateral Administration Agreement and (iii) the payment or discharge of all other amounts owed by the Trust under the Basic Documentstime provided in Section 9.2. The bankruptcy, liquidation liquidation, dissolution, death or dissolution incapacity of the Certificateholder holder of the Excess Distribution Certificate, other than the Depositor as described in Section 9.2, shall not (x) operate to terminate this Agreement or the Trust, nor (y) entitle the Certificateholder’s such holder's legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of all or any part of the Trust or Trust Assets or Estate nor (z) otherwise affect the rights, obligations and liabilities of the parties hereto.

Termination of Trust Agreement. (a) This Agreement (other than Article VIII) shall terminate and the Trust shall dissolve and be wound up upon the payment of all of the Trust’s debts and obligations, including (i) payment of all amounts due on the Notes and all other amounts payable by the Trust under the Indenture, (ii) the payment of all amounts payable by the Trust under the Collateral Administration Credit Protection Agreement and (iii) the payment or discharge of all other amounts owed by the Trust under the Basic Documents. The bankruptcy, liquidation or dissolution of the Certificateholder shall not (x) operate to terminate this Agreement or the Trust, (y) entitle the Certificateholder’s legal representatives to claim an accounting or to take any action or proceeding in any court for a partition or winding up of all or any part of the Trust or Trust Assets or (z) otherwise affect the rights, obligations and liabilities of the parties hereto.Estate or

Termination of Trust Agreement. (a) This Agreement (other than Article VIII) shall terminate and the Trust shall dissolve and be wound up upon the payment of all of the Trust’s debts and obligations, including (i) payment of all amounts due on the Notes and all other amounts payable by the Trust under the Indenture, (ii) the payment of all amounts payable by the Trust under the Collateral Administration Credit Protection Agreement and (iii) the payment or discharge of all other amounts owed by the Trust under the Basic Documents. The bankruptcy, liquidation or dissolution of the Certificateholder shall not (x) operate to terminate this Agreement or the Trust, (y) entitle the Certificateholder’s legal representatives to claim an accounting or to take any action or proceeding in any court for a partition or winding up of all or any part of the Trust or Trust Assets Estate or (z) otherwise affect the rights, obligations and liabilities of the parties hereto.

Termination of Trust Agreement. (a) This Agreement (other than Article VIII) shall terminate and the Trust shall dissolve terminate and be wound up of no further force or effect upon (1) the payment final distribution by the Excess Distribution Certificate Paying Agent of all moneys or other property or proceeds of the Trust’s debts and obligations, including (i) payment Trust Estate in accordance with the terms of all amounts due on the Notes and all other amounts payable by the Trust under the Indenture, (ii) the payment of all amounts payable by the Trust under the Collateral Administration Agreement and Article V hereof and (iii2) the payment or discharge filing of all other amounts owed the certificate of cancellation by the Trust under the Basic DocumentsEligible Lender Trustee pursuant to section 9.1(b) below. The bankruptcy, liquidation liquidation, dissolution, death or dissolution incapacity of the Certificateholder holder of the Excess Distribution Certificate shall not (x) operate to terminate this Agreement or the Trust, nor (y) entitle the Certificateholdersuch holder’s legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of all or any part of the Trust or Trust Assets or Estate nor (z) otherwise affect the rights, obligations and liabilities of the parties hereto.

Termination of Trust Agreement. (a) This Agreement (other than Article VIII) shall terminate and the Trust shall dissolve terminate and be wound up of no further force or effect upon (1) the payment final distribution by the Excess Distribution Certificate Paying Agent of all moneys or other property or proceeds of the Trust’s debts and obligations, including (i) payment Trust Estate in accordance with the terms of all amounts due on the Notes and all other amounts payable by the Trust under the Indenture, (ii) the payment of all amounts payable by the Trust under the Collateral Administration Agreement and Article V hereof and (iii2) the payment or discharge filing of all other amounts owed the certificate of cancellation by the Trust under the Basic DocumentsEligible Lender Trustee pursuant to Section 9.1(b) below. The bankruptcy, liquidation liquidation, dissolution, death or dissolution incapacity of the Excess Distribution Certificateholder shall not (x) operate to terminate this Agreement or the Trust, nor (y) entitle the Certificateholdersuch holder’s legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of all or any part of the Trust or Trust Assets or Estate nor (z) otherwise affect the rights, obligations and liabilities of the parties hereto.

Termination of Trust Agreement. (a) This Agreement (other than the provisions of Article VIIIVII) shall terminate and be of no further force or effect and the Trust shall dissolve wind up and be wound up dissolve, upon the payment earlier of all of the Trust’s debts and obligations, including (i) payment the maturity or other liquidation of all the last remaining Receivable and the disposition of any amounts due on the Notes received upon such maturity or liquidation and all other amounts payable by the Trust under the Indenture, (ii) the payment to the Noteholders of all amounts payable by required to be paid to them pursuant to the Trust under the Collateral Administration Agreement and (iii) the payment or discharge of all other amounts owed by the Trust under the Basic Documents. The bankruptcy, liquidation or dissolution terms of the Certificateholder Indenture and the Sale and Servicing Agreement. Any Insolvency Event, liquidation, dissolution, death or incapacity with respect to the Depositor, shall not neither (x) operate to terminate this Agreement or the Trust, nor (y) entitle the Certificateholder’s Depositor's legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of all or any part of the Trust or Trust Assets or Property nor (z) otherwise affect the rights, obligations and liabilities of the parties hereto. Upon dissolution of the Trust, the Owner Trustee shall wind up the activities and affairs of the Trust as required by Section 3808 of the Delaware Statutory Trust Act.

Termination of Trust Agreement. (a) This Agreement (other than Article VIII) shall terminate and the Trust shall dissolve terminate and be wound up of no further force or effect upon (1) the payment final distribution by the Excess Distribution Certificate Paying Agent of all moneys or other property or proceeds of the Trust’s debts and obligations, including (i) payment Trust Estate in accordance with the terms of all amounts due on the Notes and all other amounts payable by the Trust under the Indenture, (ii) the payment of all amounts payable by the Trust under the Collateral Administration Agreement and Article V hereof and (iii2) the payment or discharge filing of all other amounts owed the certificate of cancellation by the Trust under the Basic DocumentsEligible Lender Trustee pursuant to section 9.1(b) below. The bankruptcy, liquidation liquidation, dissolution, death or dissolution incapacity of the any Excess Distribution Certificateholder shall not (x) operate to terminate this Agreement or the Trust, nor (y) entitle the Certificateholdersuch holder’s legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of all or any part of the Trust or Trust Assets or Estate nor (z) otherwise affect the rights, obligations and liabilities of the parties hereto.

Termination of Trust Agreement. (a) This Agreement (other than Article VIII) shall terminate and the Trust shall dissolve terminate and be wound up of no further force or effect upon (1) the payment final distribution by the Excess Distribution Certificate Paying Agent of all moneys or other property or proceeds of the Trust’s debts and obligations, including (i) payment Trust Estate in accordance with the terms of all amounts due on the Notes and all other amounts payable by the Trust under the Indenture, (ii) the payment of all amounts payable by the Trust under the Collateral Administration Agreement and Article V hereof and (iii2) the payment or discharge filing of all other amounts owed the certificate of cancellation by the Trust under the Basic DocumentsEligible Lender Trustee pursuant to section 9.l(b) below. The bankruptcy, liquidation liquidation, dissolution, death or dissolution incapacity of the Excess Distribution Certificateholder shall not (x) operate to terminate this Agreement or the Trust, nor (y) entitle the Certificateholdersuch holder’s legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of all or any part of the Trust or Trust Assets or Estate nor (z) otherwise affect the rights, obligations and liabilities of the parties hereto.