Xxxxxxx Mac Securities definition

Xxxxxxx Mac Securities. The meaning set forth in the definition of “Agency Security” herein.
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Xxxxxxx Mac Securities means a single Pool, guaranteed mortgage pass-through Xxxxxxx Mac Mortgage-Backed Security providing for the regularly scheduled monthly payments and any prepayments thereunder, bearing interest at the Applicable Pass-Through Rate (unless different rates are determined upon extension of any Certificate Acquisition Period), issued by Xxxxxxx Mac in book entry form, guaranteed as to timely payment of principal and interest by Xxxxxxx Mac and backed by Conventional Mortgage Loans in the related mortgage Pool, provided that with respect to a Xxxxxxx Mac Security purchased with proceeds of a Series of Bonds, the final regularly scheduled payment thereunder shall be not later than the Final MBS Maturity Date (unless the Certificate Acquisition Period is extended as and to the extent provided in the Series Indenture) and the latest Mortgage Loan maturity date shall be not later than the Final Loan Maturity Date and in any event not later than 60 days before the final Bond maturity date with a latest loan maturity date not later than the Final Loan Maturity Date and in any event not later than 60 days before the final Bond maturity.
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Xxxxxxx Mac Securities means those GSE Securities that are issued by Xxxxxxx Mac.
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Examples of Xxxxxxx Mac Securities in a sentence

  • The Servicer’s obligation to Purchase and take delivery is subject to the availability of sufficient funds to purchase GNMA Certificates or cause Xxxxxx Mae Securities or Xxxxxxx Mac Securities to be issued in accordance with the provisions hereof or of a Series Indenture.

  • The Servicer and the Participant will have no responsibility to the Issuer, the Trustee, the Administrator, the Bondholders or any other person for failure to originate or deliver Mortgage Loans or GNMA Certificates, Xxxxxx Mae Securities or Xxxxxxx Mac Securities during the period of any suspension of activities authorized by this paragraph.

  • The Participants acknowledge that the Issuer or Servicer may terminate any Origination Period at any time upon written notice to Participants if the Trustee, the Issuer or the Certificate Purchaser if other than the Trustee or Issuer, fails to purchase GNMA Certificates, Xxxxxxx Mac Securities or Xxxxxx Xxx Securities in accordance with the Servicing Agreement.

  • The Servicer shall issue GNMA Certificates, Xxxxxx Mae Securities and Xxxxxxx Mac Securities in such amounts as it determines in its sole discretion, subject to the requirements of GNMA, Xxxxxx Mae and Xxxxxxx Mac, respectively.

  • This Agreement shall be in full force and effect from the date of execution and delivery hereof by the parties hereto and shall, with respect to each Series of Bonds, continue in effect so long as any Bonds are outstanding or, prior to the issuance of any Bonds, so long as the Servicer shall own any Mortgage Loans purchased hereunder, or any Mortgage Loans purchased hereunder continue to back GNMA Certificates, Xxxxxx Xxx Securities, or Xxxxxxx Mac Securities, whichever is latest.

  • Where Seller has appointed Xxxxxxx Mac as Custodian, the parties hereto acknowledge that the Mortgage Notes related to a Participation Certificate acquired hereunder have been deposited with Xxxxxxx Mac to facilitate the issuance of Xxxxxxx Mac Securities with respect thereto and that prior to such issuance Xxxxxxx Mac is holding such Mortgage Notes as Custodian for Purchaser.

  • The Servicer shall sell and deliver GNMA Certificates, Xxxxxx Mae Securities and Xxxxxxx Mac Securities to the Certificate Purchaser on a Business Day selected by the Servicer and as more fully described in the Administrator’s Guidelines.

  • Prior to an Event of Default, from time to time, the Seller, as an approved Issuer of Xxxxxx Xxx Securities, may agree to issue Xxxxxx Mae Securities backed by certain of the Purchased Mortgage Loans or, as an approved Xxxxxx Xxx Seller or Xxxxxxx Mac Seller, may agree to sell Purchased Mortgage Loans to Xxxxxx Xxx or Xxxxxxx Mac, as applicable, in exchange for Xxxxxx Mae Securities or Xxxxxxx Mac Securities, as applicable.

  • The Lenders acknowledge that the Servicer with respect to a Program may terminate the Origination Period for such Program at any time upon written notice to Lenders if the trustee for an issue of Bonds or the Local HFA, if a Program is not related to an issue of Bonds, fails to purchase GNMA Certificates, Xxxxxxx Mac Securities or Xxxxxx Xxx Securities in accordance with the related Program due to insufficient funds being available for such purchase.

  • To the extent that any Series of Bonds is secured by Guaranteed Mortgage Securities, the Issuer will cause all revenues derived from GNMA Certificates, including payments from GNMA pursuant to the GNMA Guaranty, all revenues derived from Xxxxxx Xxx Securities, including payments from Xxxxxx Mae pursuant to its guarantee, and all revenues from Xxxxxxx Mac Securities, including payments from Xxxxxxx Mac pursuant to its guaranty to be deposited with the Trustee upon receipt.

Related to Xxxxxxx Mac Securities

  • NIM Securities Any debt securities secured or otherwise backed by some or all of the Class X and Class P Certificates that are rated by one or more Rating Agencies.

  • Portfolio Securities or "investments" of the Series shall mean, respectively, such assets, net assets, securities, portfolio securities or investments which are from time to time under the management of the Subadviser pursuant to this Agreement.

  • Equity-linked Securities means any debt or equity securities that are convertible, exercisable or exchangeable for Class A Shares issued in a financing transaction in connection with a Business Combination, including but not limited to a private placement of equity or debt.

  • Xxxxx Fargo Securities means Xxxxx Fargo Securities, LLC.

  • Offeror’s Securities means Voting Shares Beneficially Owned by an Offeror on the date of the Offer to Acquire;

  • Public Securities means, collectively, the Closing Securities and, if any, the Option Securities.

  • Forward Purchase Shares shall have the meaning given in the Recitals hereto.

  • BofA Securities means BofA Securities, Inc.

  • Placement Shares shall have the meaning given in the Recitals hereto.

  • Domestic securities means securities held within the United States.

  • Additional Purchased Securities Securities provided by Seller to Buyer pursuant to Paragraph 4(a) hereof;

  • CHESS Approved Securities means securities of the Company for which CHESS approval has been given in accordance with the ASX Settlement Operating Rules;

  • Asset-Backed Securities means securities which:

  • Purchaser Securities means the Purchaser Units, the Purchaser Common Stock, the Purchaser Preferred Stock and the Purchaser Warrants, collectively.

  • Refused Securities has the meaning ascribed to such term in Section 4.1(c)

  • Placement Agent Warrants shall have the meaning set forth in the Subscription Agreement.

  • Approved Securities means securities of any State Government or of the Central Government and such bonds, both the principal whereof and the interest whereon shall have been fully and unconditionally guaranteed by any such Government;

  • Designated Securities means securities issued by an Insured, or by any Affiliated Entity, or by any Fund to which such Insured or any Affiliated Entity provides any services.

  • Underwriters' Securities means the Offered Securities other than Contract Securities.

  • Underwritten Securities shall include the Initial Underwritten Securities and all or any portion of the Option Securities agreed to be purchased by the Underwriters as provided herein, if any. The Terms Agreement, which shall be substantially in the form of Exhibit A hereto, may take the form of an exchange of any standard form of written telecommunication between you and the Company. Each offering of Underwritten Securities through you or through an underwriting syndicate managed by you will be governed by this Agreement, as supplemented by the applicable Terms Agreement.

  • Private Securities Transaction means any securities transaction relating to new offerings of securities which are not registered with the Securities and Exchange Commission, provided however that transactions subject to the notification requirements of Rule 3050 of the Financial Industry Regulatory Authority’s (FINRA) Conduct Rules, transactions among immediate family members (as defined in the interpretation of the FINRA Board of Governors on free-riding and withholding) for which no associated person receives any selling compensation, and personal securities transactions in investment company and variable annuity securities shall be excluded.

  • Purchased Securities has the meaning assigned in the Terms;

  • Related Securities means any options or warrants or other rights to acquire Shares or any securities exchangeable or exercisable for or convertible into Shares, or to acquire other securities or rights ultimately exchangeable or exercisable for or convertible into Shares.

  • Lock-Up Securities has the meaning assigned to such term in Section 3.5.

  • Agency Securities means negotiable debt obligations which are fully guaranteed as to both principal and interest by the Federal National Mortgage Association, the Government National Mortgage Association or the Federal Home Loan Mortgage Corporation, but excluding (i) interest only and principal only securities and (ii) Collateralized Mortgage Obligations, Real Estate Mortgage Investment Conduits and similar derivative securities.

  • Private Placement Shares shall have the meaning given in the Recitals hereto.