Common use of Termination of Trust Agreement Clause in Contracts

Termination of Trust Agreement. (a) The Trust shall dissolve upon the final distribution by the Trustee of all monies or other property or proceeds of the Trust Estate in accordance with the Indenture, the Sale and Servicing Agreement and Article V. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder shall not: (x) operate to dissolve or terminate this Agreement or the Trust, (y) entitle such Certificateholder’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 Estate or (z) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 57 contracts

Samples: Trust Agreement (CNH Equipment Trust 2024-B), Trust Agreement (CNH Equipment Trust 2024-A), Trust Agreement (CNH Equipment Trust 2023-B)

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Termination of Trust Agreement. (a) The Trust shall dissolve upon the final distribution by the Owner Trustee of all monies moneys or other property or proceeds of the Owner Trust Estate in accordance with the terms of the Indenture, the Sale and Servicing Agreement and Article V. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder Owner shall not: not (x) operate to dissolve or terminate this Agreement or the Trust, Trust or (y) entitle such Certificateholder’s Owner'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 Owner Trust Estate or (z) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 29 contracts

Samples: Trust Agreement (Daimlerchrysler Auto Trust 2004-A), Trust Agreement (DaimlerChrysler Financial Services Americas LLC), Trust Agreement (DaimlerChrysler Financial Services Americas LLC)

Termination of Trust Agreement. (a) The Trust shall dissolve upon the final distribution by the Owner Trustee of all monies or other property or proceeds of the Trust Estate in accordance with the terms of the Indenture, the Sale and Servicing Agreement and Article V. Five. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder Owner shall not: not (xi) operate to dissolve or terminate this Agreement or the Trust, (yii) entitle such Certificateholder’s Owner'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 Estate or (ziii) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 21 contracts

Samples: Trust Agreement (WFS Receivables Corp), Trust Agreement (WFS Receivables Corp 3), Trust Agreement (WFS Receivables Corp 3)

Termination of Trust Agreement. (a) The Trust shall dissolve upon the final distribution by the Trustee of all monies moneys or other property or proceeds of the Trust Estate in accordance with the Indenture, the Sale and Servicing Agreement and Article V. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder shall not: (x) operate to dissolve or terminate this Agreement or the Trust, (y) entitle such Certificateholder’s '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 Estate or (z) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 8 contracts

Samples: Trust Agreement (CNH Capital Receivables Inc), Trust Agreement (CNH Capital Receivables Inc), Trust Agreement (Case Receivables Ii Inc)

Termination of Trust Agreement. (a) The Trust shall dissolve upon the final distribution by the Trustee of all monies moneys or other property or proceeds of the Trust Estate in accordance with the Indenture, the Sale and Servicing Agreement and Article V. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder shall not: (x) operate to dissolve or terminate this Agreement or the Trust, (y) entitle such Certificateholder’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 Estate or (z) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 5 contracts

Samples: Trust Agreement (CNH Capital Receivables Inc), Trust Agreement (CNH Equipment Trust 2005-B), Trust Agreement (CNH Capital Receivables Inc)

Termination of Trust Agreement. (a) The Trust shall dissolve and commence winding up pursuant to the Statutory Trust Act upon the final distribution by the Trustee of all monies or other property or proceeds satisfaction and discharge of the Trust Estate in accordance with Indenture pursuant to Section 4.1 of the Indenture, Indenture and the termination of the Sale and Servicing Agreement and Article V. Agreement. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder the Transferor shall not: not (x) operate to dissolve or terminate this Agreement or the Trust, nor (y) entitle such CertificateholderTransferor’s legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding winding-up of all or any part of the Trust or Owner Trust Estate or nor (z) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 4 contracts

Samples: Trust Agreement (Fund America Investors Corp Ii), Trust Agreement (First Horizon Asset Securities Inc), Trust Agreement (First Horizon Asset Securities Inc)

Termination of Trust Agreement. (a) The Trust shall dissolve and commence winding up pursuant to the Statutory Trust Act upon the final distribution by the Trustee of all monies or other property or proceeds satisfaction and discharge of the Trust Estate in accordance with Indenture pursuant to Section 4.1 of the Indenture, Indenture and the termination of the Sale and Servicing Agreement and Article V. Agreement. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder the Transferor shall not: not (x) operate to dissolve or terminate this Agreement or the Trust, nor (y) entitle such Certificateholder’s Transferor's legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding winding-up of all or any part of the Trust or Owner Trust Estate or nor (z) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 2 contracts

Samples: Trust Agreement (First Horizon Asset Sec HELOC Notes Ser 2006-He1), Trust Agreement (First Horizon Asset Sec HELOC Notes Ser 2006-He2)

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Termination of Trust Agreement. (a) The Trust shall dissolve upon the final distribution by the Trustee of all monies moneys or other property or proceeds of the Trust Estate in accordance with the Indenture, the Sale and Servicing Agreement and Article ARTICLE V. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder shall not: (x) operate to dissolve or terminate this Agreement or the Trust, (y) entitle such Certificateholder’s '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 Estate or (z) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 1 contract

Samples: Trust Agreement (CNH Capital Receivables Inc)

Termination of Trust Agreement. (a) The This Agreement (other than Article VIII) shall terminate and the Trust shall dissolve and terminate upon the final distribution by the Trustee of all monies or other property or proceeds satisfaction and discharge of the Trust Estate in accordance with Indenture pursuant to Section 4.01 of the Indenture, Indenture and the termination of the Sale and Servicing Agreement and Article V. Agreement. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder Owner shall not: not (x) operate to dissolve or terminate this Agreement or the Trust, nor (y) entitle such CertificateholderOwner’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 Owner Trust Estate or nor (z) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 1 contract

Samples: Trust Agreement (Capitalsource Inc)

Termination of Trust Agreement. (a) The Trust shall dissolve upon the final distribution by the Trustee of all monies moneys or other property or proceeds of the Trust Estate in accordance with the Indenture, the Sale and Servicing Agreement and Article V. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder shall not: (x) operate to dissolve or terminate this Agreement or the Trust, (y) entitle such Certificateholder’s '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 Estate or (z) otherwise affect the rights, obligations and liabilities of the parties hereto.

Appears in 1 contract

Samples: Trust Agreement (Cef Equipment Holding LLC)

Termination of Trust Agreement. (a) The Trust shall dissolve upon the final distribution by the Owner Trustee of all monies moneys or other property or proceeds of the Owner Trust Estate in accordance with the terms of the Indenture, the Sale and Servicing Agreement and Article V. The bankruptcy, liquidation, dissolution, death or incapacity of any Certificateholder Owner shall not: not (x) operate to dissolve or terminate this Agreement or the Trust, Trust or (y) entitle such Certificateholder’s Owner'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 Owner Trust Estate or (z) otherwise affect the rights, obligations and liabilities of the parties hereto.. 20

Appears in 1 contract

Samples: Trust Agreement (Daimlerchrysler Services North America LLC)

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