Participation Certificate definition

Participation Certificate means the original participation certificate, if any, that was executed and delivered in connection with a Participation Interest.

Participation Certificate means a participation certificate which evidences the outstanding balance of a Participation Interest.

Participation Certificate. A GNMA Participation Certificate, a FNMA Participation Certificate or a FHLMC Participation Certificate.

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.

More Definitions of Participation Certificate

Participation Certificate. Special Distribution Date" and "Special Record Date."

Participation Certificate means the original participation certificate (or authorized replacement thereof), if any, that was executed and delivered in connection with a Participation Interest.

Participation Certificate means each participation certificate in the form of Exhibit B attached hereto, which evidences the related Participation Interest.

Participation Certificate means, with respect to any Junior Interest, an executed certificate, note, instrument or other document representing the interest, participation interest or sub–participation interest granted under a Participation Agreement.

Participation Certificate means a certificate issued by the Servicer to a Participant, substantially in the form of Exhibit E attached hereto, evidencing such Participant’s ownership interest conveyed hereunder.

Participation Certificate. A certificate issued in the name of Purchaser and delivered to Custodian by Seller in connection with each Transaction, substantially in the form attached as an exhibit to the Custodial Agreement, such certificate to evidence the entire (100%) beneficial ownership interest in the related Mortgage Pool.

Participation Certificate. The certificates evidencing 100% of the Participation Interests.