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 ▇▇▇▇▇▇▇ 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
Sources: Multiclass Certificates Master Trust Agreement, Multiclass Certificates Master Trust Agreement, Multiclass Certificates 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 ▇▇▇▇▇▇▇ 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 2 contracts
Sources: Multiclass Certificates Master Trust Agreement, Multiclass Certificates 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 ▇▇▇▇▇▇▇ 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 2 contracts
Sources: Multiclass Certificates Agreement, Multiclass Certificates Agreement