Examples of Participation Agent in a sentence
The form will also serve to identify the Issuer’s Participation Agent to Ginnie Mae.
Issuers serving as a Participation Agent for Ginnie Mae HMBS securities reporting are automatically exempt from the demonstrated participation requirement.
An Issuer may contract with only one Participation Agent to perform all monitoring and accounting activities related to pooled Participations, as designated in form HUD 11706H (see Appendix I-7); and Financial requirements described in MBS Guide, Ch. 3.
Name of Issuer By Date Title The Issuer and the Participation Agent: (if applicable) The Agreement, dated this day of , 20 , is by and between the Issuer and , a duly formed pursuant to the laws of the State or Commonwealth of , having a principal office at (Participation Agent).
The Issuer agrees to be responsible and liable for the monitoring and accounting for the Participations, including any acts or omissions of its Participation Agent in connection therewith.