Security Distribution definition

Security Distribution. As to any Mortgage Security and Security Distribution Due Date, the amount of distribution payable to the holder of such Mortgage Security in accordance with its terms.
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Security Distribution. As to any ▇▇▇▇▇▇ ▇▇▇ Security and Security Distribution Due Date, the amount of the distribution payable to the holder of such ▇▇▇▇▇▇ Mae Security in accordance with its terms.
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Security Distribution. As to any GNMA Security and Security Distribution Due Date, the amount of the distribution payable to the holder of such GNMA Security in accordance with its terms.
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Examples of Security Distribution in a sentence

  • As promptly as practicable following the Related Security Distribution Due Date, ▇▇▇▇▇▇ Mae shall withdraw from the Certificate Account all amounts held therein in respect of the Mortgage Securities relating to the Designated Funding Classes and (a) deposit in the Funding Account any such amount as shall be necessary to make the amount held therein equal to the Initial Funding Amount and (b) pay over to itself any amounts remaining after the deposit referred to in (a) above.

  • The Underlying Security Distribution Date is the 25th day of each month, or, if such 25th day is not a Business Day, the immediately following Business Day.

  • The Assumed Final Distribution Date is approximately one month after the Pooled Security Distribution Date on which the final scheduled distribution on the last to mature of the Pooled Securities is scheduled to be made.

  • The date upon which a particular Security Distribution is payable to the holder of the related Mortgage-Backed Security in accordance with its terms.

  • As promptly as practicable following the Related Security Distribution Due Date, ▇▇▇▇▇▇ Mae shall withdraw from the Certificate Account all amounts held therein in respect of the Mortgage Securities relating to the Designated Funding Classes and deposit the same in the Funding Account, subject to withdrawal as hereinafter provided.

  • All calculations of the amounts to be distributed on any Distribution Date will be made by the Paying Agent and/or the Certificate Administrator and/or the Trustee, as applicable, in reliance on the information provided to the applicable party in the applicable Pooled Security Distribution Date Information and any additional written information requested by the Paying Agent and/or the Certificate Administrator and/or the Trustee, as applicable, with respect to the Pooled Securities.

  • If the information available to the Trustee in any Pooled Security Distribution Date Information is insufficient to make the calculations provided for in this Section 3.5, the Trustee shall promptly request the underlying trustee with respect to the Pooled Securities to provide sufficient information in writing, and after receipt of such information the Trustee shall make on the following Distribution Date any necessary adjustments in the application of amounts in the Certificate Account.

  • Notwithstanding the foregoing, the Trustee shall use reasonable efforts to procure Pooled Security Distribution Date Information in a timely manner to permit distributions to be made on Distribution Dates.

  • The Trustee may fulfill its obligations hereunder with respect to the distribution of the Pooled Security Distribution Date Statements by mailing the same together with the statements to Certificateholders required pursuant to the first paragraph of this Section 3.06.

  • The Trustee makes no representations or warranties as to the validity or sufficiency of this Agreement or of the Certificates or of any Pooled Security, Pooled Security Distribution Date Statement or related document.


More Definitions of Security Distribution

Security Distribution. As to any MBS and any Security Distribution Due Date, the amount of the distribution payable to the holder of such MBS in accordance with its terms.
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Related to Security Distribution

  • Security Distribution Due Date The date upon which a particular Security Distribution is payable to the holder of the related Mortgage Security in accordance with its terms.

  • Extraordinary Distribution means any dividend or other distribution (effected while any of the shares of ESOP Preferred Stock are outstanding) (a) of cash, where the aggregate amount of such cash dividend and distribution together with the amount of all cash dividends and distributions made during the preceding period of 12 months, when combined with the aggregate amount of all Pro Rata Repurchases (for this purpose, including only that portion of the aggregate purchase price of such Pro Rata Repurchase which is in excess of the Fair Market Value of the Common Stock repurchased as determined on the applicable expiration date (including all extensions thereof) of any tender offer or exchange offer which is a Pro Rata Repurchase, or the date of purchase with respect to any other Pro Rata Repurchase which is not a tender offer or exchange offer made during such period), exceeds Twelve and One- Half percent (12.5%) of the aggregate Fair Market Value of all shares of Common Stock outstanding on the record date for determining the shareholders entitled to receive such Extraordinary Distribution and (b) any shares of capital stock of the Corporation (other than shares of Common Stock), other securities of the Corporation (other than securities of the type referred to in paragraph I(2)), evidence of indebtedness of the Corporation or any other person or any other property (including shares of any subsidiary of the Corporation), or any combination thereof. The Fair Market Value of an Extraordinary Distribution for purposes of paragraph I(4) shall be the sum of the Fair Market Value of such Extraordinary Distribution plus the amount of any cash dividends which are not Extraordinary Distributions made during such twelve- month period and not previously included in the calculation of an adjustment pursuant to paragraph I(4).

  • Quarterly Distribution means with respect to each Distribution Date, the distribution to be made to the Holders of the Up-MACRO Holding Shares that are Outstanding on the Distribution Date pursuant to priority sixth of Section 5.2(a), which shall consist of the cash on deposit in the Up-MACRO Holding Trust after it makes or receives a payment under the Income Distribution Agreement and makes all other payments or investments in Eligible Treasuries that it is required to make pursuant to such Section 5.2(a).

  • Liquidation Distribution has the meaning specified in Section 9.4(d).

  • Cash Distribution means the distribution by the Company to all holders of its Common Stock of cash, other than any cash that is distributed upon a merger or consolidation to which Section 2(h) applies or as part of a distribution referred to in paragraph (4) of Section 2(b).