Common use of Issue Supplement Clause in Contracts

Issue Supplement. An Issue Supplement documents the establishment of a particular Trust and the related I- REMIC Interests. Xxxxxx Xxx will prepare and maintain for each Trust a schedule identifying the Designated P&I to be deposited in a particular Trust, which may be in an electronic format and if in electronic format will be deemed attached to the Issue Supplement. If for any reason the creation of an Issue Supplement is delayed, Xxxxxx Xxx will create one as soon as practicable, and such delay will not affect the validity or existence of the Trust or the related I- REMIC Interest. Any one or more physical or electronic documents or records (signed or unsigned) made in the ordinary course that conclusively identify the related Designated P&I as being part of the Trust Fund will be deemed to be an Issue Supplement for purposes of documenting the establishment of the related Trust.

Appears in 1 contract

Samples: Master Trust Agreement

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Issue Supplement. An Issue Supplement documents the establishment of a particular Trust and the related I- REMIC Interests. Xxxxxx Xxx will prepare and maintain for each Trust a schedule identifying the Designated P&I to be deposited in a particular Trust, which may be in an electronic format and if in electronic format will be deemed attached to the Issue Supplement. If for any reason the creation of an Issue Supplement is delayed, Xxxxxx Xxx Mae will create one as soon as practicable, and such delay will not affect the validity or existence of the Trust or the related I- REMIC Interest. Any one or more physical or electronic documents or records (signed or unsigned) made in the ordinary course that conclusively identify the related Designated P&I as being part of the Trust Fund will be deemed to be an Issue Supplement for purposes of documenting the establishment of the related Trust.

Appears in 1 contract

Samples: Master Trust Agreement

Issue Supplement. β€Œ An Issue Supplement documents the establishment of a particular Trust and the related I- REMIC Interests. Xxxxxx Xxx will prepare and maintain for each Trust a schedule identifying the Designated P&I to be deposited in a particular Trust, which may be in an electronic format and if in electronic format will be deemed attached to the Issue Supplement. If for any reason the creation of an Issue Supplement is delayed, Xxxxxx Xxx Mae will create one as soon as practicable, and such delay will not affect the validity or existence of the Trust or the related I- REMIC Interest. Any one or more physical or electronic documents or records (signed or unsigned) made in the ordinary course that conclusively identify the related Designated P&I as being part of the Trust Fund will be deemed to be an Issue Supplement for purposes of documenting the establishment of the related Trust.

Appears in 1 contract

Samples: Master Trust Agreement

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Issue Supplement. β€Œ An Issue Supplement documents the establishment of a particular Trust and the related I- REMIC Interests. Xxxxxx Xxx will prepare and maintain for each Trust a schedule identifying the Designated P&I to be deposited in a particular Trust, which may be in an electronic format and if in electronic format will be deemed attached to the Issue Supplement. If for any reason the creation of an Issue Supplement is delayed, Xxxxxx Xxx will create one as soon as practicable, and such delay will not affect the validity or existence of the Trust or the related I- REMIC Interest. Any one or more physical or electronic documents or records (signed or unsigned) made in the ordinary course that conclusively identify the related Designated P&I as being part of the Trust Fund will be deemed to be an Issue Supplement for purposes of documenting the establishment of the related Trust.

Appears in 1 contract

Samples: Master Trust Agreement

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