Examples of Participation Certificate in a sentence
PC Agreement: Any of Xxxxxxx Mac’s Mortgage Participation Certificate Agreements or PC Master Trust Agreements as in effect from time to time, including any amendment or applicable supplement, providing for the issuance of PCs.
Upon any such assignment, the Participation Certificate held by the transferor shall be exchanged and a new Participation Certificate, as necessary to evidence each transferee and its interest, evidencing such transfer shall be issued.
Initially capitalized terms used and not otherwise defined in this Participation Certificate shall have the meanings given such terms in the Agreement.
Upon the surrender of any mutilated Participation Certificate to the Company, or upon the receipt by the Company of evidence satisfactory to it that a Participation Certificate has been destroyed, lost or stolen, the Company shall replace the damaged, lost, stolen or destroyed Participation Certificate.
The projection should run through the final projected distribution on the Participation Certificate.