Common use of Form of Certificates; Transfer of Certificates Clause in Contracts

Form of Certificates; Transfer of Certificates. (a) Book-Entry Form. Mega Certificates will be issued in book-entry form and will be maintained in the names of the record owners thereof as entries on the books of the Fiscal Agent, in accordance with the Book-Entry Rules. Holders will have no right to a definitive Certificate, unless otherwise provided in the related Issue Supplement. Transfers, exchanges and redemption of Certificates will be conducted in accordance with the Book-Entry Rules.

Appears in 4 contracts

Samples: Federal National Mortgage Association, Federal National Mortgage Association, Federal National Mortgage Association

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Form of Certificates; Transfer of Certificates. (a) Book-Entry Form. Mega Certificates and SMBS Certificates will be issued in book-entry form and will be maintained in the names of the record owners thereof as entries on the books of the Fiscal Agent, in accordance with the Book-Entry Rules. Holders will have no right to a definitive Certificate, unless otherwise provided in the related Issue Supplement. Transfers, exchanges and redemption of Certificates will be conducted in accordance with the Book-Entry Rules.

Appears in 2 contracts

Samples: Federal National Mortgage Association, Federal National Mortgage Association

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