Ginnie Mae definition

Ginnie Mae is hereby added to Article I to immediately foll▇▇ ▇▇▇ ▇▇▇inition of "Freddie Mac":

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Ginnie Mae means the Government National Mortgage Association established under authority of the federal national mortgage association charter act, 12 USC 1716 to 1749aaa-5.

Ginnie Mae. The Government National Mo▇▇▇▇▇▇ Association, or any successor thereto.

Examples of Ginnie Mae in a sentence

• The Credit Parties shall provide the Administrative Agent with immediate written notice of any such termination by Ginnie Mae but the Credit Parties’ failure to do so shall not affect the terms of this paragraph or Ginnie Mae’s rights with respect to the Ginnie Mae Designated Loans.

• Any sale of the Ginnie Mae Collateral must and shall be subject to Ginnie Mae’s written approval.

• Ginnie Mae shall have no obligation to comply with any directions of the Administrative Agent or to alter in any way servicing requirements, flows of funds, or accounting of servicing of the Ginnie Mae Designated Loans.

• All proceeds of such sale will be applied first to the expenses of the sale, then to any amounts due to Ginnie Mae from such Credit Party under the Servicing Contracts sold, and then to the outstanding balance of the Secured Obligations (as provided in Section 9.4 of the Credit Agreement), with any remaining balance remitted to the Borrower.

• Such Credit Party shall not pledge (or, except as may be expressly provided in the Credit Agreement, enter into (or agree to enter into) any Negative Pledge respecting) any of its servicing rights with respect to the Ginnie Mae Designated Loans.

More Definitions of Ginnie Mae

Ginnie Mae means the Government National Mortgage Association, a wholly-owned corporate instrumentality of the United States of America within HUD.

Ginnie Mae means the Government National Mortgage Association, a wholly owned corporate instrumentality of the United States within the Department of Housing and Urban Development, or any successor to its functions.

Ginnie Mae means the Government National Mortgage Association.

Ginnie Mae means the Government National Mortgage Association, a wholly-owned corporate instrumentality of the United States of America within the U.S. Department of Housing and Urban Development.

Ginnie Mae. The Government National Mortgage Association, or any successor thereto.

Ginnie Mae means the Government National Mortgage Association, a U.S. government agency, and its successors in title.

Ginnie Mae means the Government National Mortgage Association, a wholly-owned corporate instrumentality of the United States of America within the Department of Housing and Urban Development, whose powers are prescribed generally by Title III of the National Housing Act of 1934, as amended (12 U.S.C. § 1716 et seq.), and any successor thereto.