Payments Due on Non-Business Days. If the date fixed for any payment on any PC is a day that is not a Business Day, then such payment shall be made on the next succeeding Business Day, with the same force and effect as though made on the date fixed for such payment, and no interest shall accrue for the period after such date.
Appears in 45 contracts
Samples: Multifamily Pc Master Trust Agreement, Pc Master Trust Agreement, Master Trust Agreement (Federal Home Loan Mortgage Corp)
Payments Due on Non-Business Days. If the date fixed for any payment on any PC is Certificate shall be a day that which is not a Business Day, then such payment shall need not be made on such date, but may be made on the next succeeding day which is a Business Day, with the same force and effect as though made on the date fixed for such payment, and no interest shall accrue for the period after such date.
Appears in 14 contracts
Samples: Master Trust Agreement, Master Trust Agreement, Multiclass Certificates Agreement
Payments Due on Non-Business Days. If the date fixed for any payment on any PC Security is a day that is not a Business Day, then such payment shall be made on the next succeeding Business Day, with the same force and effect as though made on the date fixed for such payment, and no interest shall accrue for the period after such date.
Appears in 5 contracts
Samples: Umbs and MBS Master Trust Agreement, Master Trust Agreement, Umbs and MBS Master Trust Agreement (Federal Home Loan Mortgage Corp)
Payments Due on Non-Business Days. If the date fixed for any payment on any PC is a day that is not a Business Day, then such payment shall be made on the next succeeding Business Day, with the same force and effect as though made on the date fixed for such payment, and no interest shall accrue for the period after such date.. 24
Appears in 4 contracts
Samples: Pc Master Trust Agreement (Federal Home Loan Mortgage Corp), Pc Master Trust Agreement (Federal Home Loan Mortgage Corp), Pc Master Trust Agreement (Federal Home Loan Mortgage Corp)
Payments Due on Non-Business Days. If the date fixed Ñxed for any payment on any PC is a day that is not a Business Day, then such payment shall be made on the next succeeding Business Day, with the same force and effect eÅect as though made on the date fixed Ñxed for such payment, and no interest shall accrue for the period after such date.
Appears in 2 contracts
Samples: Mortgage Participation Certificates Agreement, Multifamily Mortgage Participation Certificates Agreement
