Funding Note. A debt obligation representing all or a portion of the “regular interest” in a REMIC, which obligation is secured by PCs or GNMA-Related Securities and provides for Xxxxxxx Mac to receive payments on such PCs or GNMA-Related Securities in such amounts as are necessary to amortize the principal amount of, and pay accrued interest on, such debt obligation.
Appears in 6 contracts
Samples: Master Trust Agreement, Master Trust Agreement, Master Trust Agreement
Funding Note. A debt obligation representing all or a portion of the “regular interest” in a REMIC, which obligation is secured by PCs or GNMA-Related Securities and provides for Xxxxxxx Freddie Mac to receive payments on such PCs or GNMA-Related Securities in such amounts as are necessary to amortize the principal amount of, and pay accrued interest on, such debt obligation.
Appears in 4 contracts
Samples: Master Trust Agreement, Master Trust Agreement, Master Trust Agreement
Funding Note. A debt obligation representing all or a portion of the “""regular interest” '' in a REMIC, which obligation is secured by PCs or GNMA-Related Securities and provides for Xxxxxxx Mac to receive payments on such PCs or GNMA-Related Securities in such amounts as are necessary to amortize the principal amount of, and pay accrued interest on, such debt obligation.
Appears in 3 contracts
Samples: Multiclass Certificates Agreement, Multiclass Certificates Agreement, Multiclass Certificates Agreement
