Sale of Guaranteed Mortgage Securities Sample Clauses

Sale of Guaranteed Mortgage Securities. (a) The Issuer may direct the Trustee in writing to sell all of the Guaranteed Mortgage Securities allocated to a particular Series of Bonds, but only if the Trustee has first received the prior written waiver by GNMA, Xxxxxx Xxx or Xxxxxxx Mac, as applicable, regarding any limitations on transferability of the GNMA Certificates, the Xxxxxx Mae Securities or the Xxxxxxx Mac Securities, respectively, to the extent applicable, which waiver shall be obtained by the Issuer, or its agents for a purchase price sufficient, together with other moneys available hereunder, to pay the redemption price of all the Bonds of a particular Series Outstanding pursuant to the optional redemption provisions set forth in this Indenture and the applicable Series Supplement or Supplements (including any applicable premium, if any), any related brokerage charges, any outstanding and unpaid Trustee Fees and Rebate Analyst Fees and any rebate obligations with respect to such Bonds; provided, however, that any sale of Xxxxxx Mae Securities or Xxxxxxx Mac Securities shall be subject to the restrictions on such sale set forth in any applicable pool purchase contract and that no such sale of the Guaranteed Mortgage Securities shall occur unless the Rebate Analyst shall have determined that funds will be available to pay the Rebate Amount with respect to such Series of Bonds when due. The Trustee shall apply the moneys derived from such sale for deposit into (i) the Revenue Fund to be applied for the optional redemption of the applicable Series of Bonds on the earliest redemption date for which notice of redemption may be given, (ii) the Administration Fund to pay the outstanding and unpaid Trustee Fees and Rebate Analyst Fees with respect to such Bonds and, (iii) the Rebate Fund to the extent needed to satisfy any rebate obligations. The balance, if any, shall be remitted to the Issuer to be used for any lawful purpose permitted under the Act. In addition, the Issuer may sell an option to purchase some or all of the Guarantee Mortgage Securities for a purchase price sufficient, together with other moneys available hereunder, to pay the redemption price of all Bonds of a particular Series Outstanding hereunder (including any applicable premium, if any, any related brokerage charges and any outstanding and unpaid Trustee Fees and Rebate Analyst Fees and the Rebate Amount). Notwithstanding the foregoing, the Trustee or the Issuer shall not sell Guaranteed Mortgage Securities at a price of...
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Related to Sale of Guaranteed Mortgage Securities

  • Transfer of Mortgage Securities Xxxxxx Mae, acting in its corporate capacity, does hereby transfer, assign, set over and otherwise convey to Xxxxxx Xxx, acting in its capacity as Trustee for the Lower Tier REMIC established hereby, all of Xxxxxx Mae’s right, title and interest in and to the Mortgage Securities identified in Exhibit A hereto, including all payments of principal and interest thereon received after the month of the Issue Date.

  • 225-2, Buy American Certificate This provision applies to solicitations containing the clause at 52.225-1.

  • Payment Guarantee 20.1 On Contracts where one hundred (100%) percent performance bonds and payment bonds are executed, this Article 20 does not apply.

  • Event of Default Under Any Trust Indenture; Amendments to Any Trust Indenture; Waiver In the event that, as to any MBS, there shall be a Default Under the Trust Indenture or an Event of Default Under the Trust Indenture, the Holders of the Certificates of the related Classes may, in the event that the Trustee shall not take any such action on their behalf, give such notice and take such action as certificateholders under such Trust Indenture shall be permitted to take in respect thereof. For purposes of any Trust Indenture pursuant to which any such action shall be taken or notice given, the holders of the fractional undivided interest in the related trust fund represented by the MBS shall be considered to have approved any such action or given any such notice in an amount which is equal to such fractional undivided interest multiplied by a percentage equal to that percentage obtained by dividing the aggregate of the Certificate Balances of all such Certificates the Holders of which have taken such action or given such notice as permitted hereby by the aggregate of the related Class Balances. In the event that Xxxxxx Xxx shall desire to amend any Trust Indenture pursuant to Section 11.02 (or any similar provision) thereof, under circumstances requiring the vote of certificateholders thereunder, the Trustee may not vote the related MBS on behalf of Holders of the related Certificates except upon the direction to do so from the Holders of the Certificates of the related Classes having Certificate Balances aggregating not less than 51% of the aggregate of the related Class Balances. Similar direction shall be required in order for the Trustee to waive compliance with any provision of a Trust Indenture where the vote of certificateholders is required pursuant to Section 11.02 (or any similar provision) thereof.

  • Sale of Note; Change of Loan Servicer; Notice of Grievance The Note or a partial interest in the Note (together with this Security Instrument) can be sold one or more times without prior notice to Borrower. A sale might result in a change in the entity (known as the “Loan Servicer”) that collects Periodic Payments due under the Note and this Security Instrument and performs other mortgage loan servicing obligations under the Note, this Security Instrument, and Applicable Law. There also might be one or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan Servicer, Borrower will be given written notice of the change which will state the name and address of the new Loan Servicer, the address to which payments should be made and any other information RESPA requires in connection with a notice of transfer of servicing. If the Note is sold and thereafter the Loan is serviced by a Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations to Borrower will remain with the Loan Servicer or be transferred to a successor Loan Servicer and are not assumed by the Note purchaser unless otherwise provided by the Note purchaser. Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an individual litigant or the member of a class) that arises from the other party’s actions pursuant to this Security Instrument or that alleges that the other party has breached any provision of, or any duty owed by reason of, this Security Instrument, until such Borrower or Lender has notified the other party (with such notice given in compliance with the requirements of Section 15) of such alleged breach and afforded the other party hereto a reasonable period after the giving of such notice to take corrective action. If Applicable Law provides a time period which must elapse before certain action can be taken, that time period will be deemed to be reasonable for purposes of this paragraph. The notice of acceleration and opportunity to cure given to Borrower pursuant to Section 22 and the notice of acceleration given to Borrower pursuant to Section 18 shall be deemed to satisfy the notice and opportunity to take corrective action provisions of this Section 20.

  • PRINCIPAL BUILDING AGREEMENT DEFINITIONS Definitions and interpretation (Clause 1). 1 F: ……….… V: ….……… T: ….……... Item

  • S M T W T F S ‌ 1 2 3 4 5 6 1 2 3 4 5 7 8 9 10 11 12 13 6 7 8 9 10 11 12‌ 21 22 23 24 25 26 27 20 21 22 23 24 25 26 28 29 27 28 29 30 31

  • Weekly Guarantee Apprentices must be employed a minimum of forty (40) hours per week.

  • Supplemental Funding Unless otherwise defined by program rules, Supplemental Funding is the award of additional funds to provide for an increase in costs due to unforeseen circumstances. The State will comply with all Federal program agency policies and procedures for requesting supplemental grant funding. The State will comply with the following guidelines when requesting supplemental funding for the Medical Assistance Program and associated administrative payments (CFDA 93.778): The State must submit a revised Medicaid Program Budget Report (CMS-37) to request supplemental funding. The CMS guidelines and instructions for completing the CMS-37 are provided in Section 2600F of the State Medicaid Manual (SMM). The CMS/CO must receive the revised Form CMS-37 through the Medicaid Budget Expenditure System/Children's Budget Expenditure System (MBES/CBES) no later than 10 calendar days before the end of the quarter for which the supplemental grant award is being requested. Additional guidance on this policy is available from the respective CMS Regional Office, U.S. Department of Health & Human Services. The State will comply with the following guidelines when requesting supplemental funding for TANF (CFDA 93.558), CCDF (CFDA 93.575), CSE (93.563), and the FC/AA (CFDA 93.658 and CFDA 93.659) programs administered by the U.S. Department of Human Services, Administration for Children and Families (HHS/ACF):

  • Indenture This INDENTURE (this “Indenture”) is entered into as of the Original Issue Date by and between the Principal Life Income Fundings Trust specified in the Omnibus Instrument (the “Trust”) and Citibank, N.A., as indenture trustee (the “Indenture Trustee”). Citibank, N.A., in its capacity as indenture trustee, hereby accepts its role as Registrar, Paying Agent, Transfer Agent and Calculation Agent hereunder. References herein to “Indenture Trustee,” “Registrar,” “Transfer Agent,” “Paying Agent” or “Calculation Agent” shall include the permitted successors and assigns of any such entity from time to time.

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