Common use of Residual Interests Clause in Contracts

Residual Interests. (a) Unless otherwise specified in the applicable Issue Supplement, the Residual Interest in each I-REMIC will initially be held by Xxxxxx Xxx in its corporate capacity. In addition, the Residual Interest in each I-REMIC may not be transferred by Xxxxxx Xxx unless:

Residual Interests. (a) Unless otherwise specified in the applicable Issue Supplement, the Residual Interest in each I-REMIC will initially be held by Xxxxxx Xxx Mae in its corporate capacity. In addition, the Residual Interest in each I-REMIC may not be transferred by Xxxxxx Xxx unless: