Common use of Fannie Mae as Certificateholder Clause in Contracts

Fannie Mae as Certificateholder. Fannie Mae shall have the right to purchase and hold for its own account any Certificate, notwithstanding the rights and duties conferred and imposed upon Fannie Mae by this Trust Agreement. In determining whether the Holders of the requisite amount of Certificates have given any request, demand, authorization, direction, notice, consent or waiver hereunder, any Certificate held by Fannie Mae in its corporate capacity shall be disregarded and deemed not to be outstanding (unless all Certificates shall be so held by Fannie Mae).

Appears in 13 contracts

Samples: Trust Agreement, Trust Agreement, Trust Agreement

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