Common use of Mutilated, Destroyed, Lost or Stolen Securities Clause in Contracts

Mutilated, Destroyed, Lost or Stolen Securities. If (i) any mutilated Certificated Pass-Through Certificate is surrendered to Xxxxxxx Mac or (ii) Xxxxxxx Mac receives evidence to its satisfaction of the destruction, loss or theft of any Certificated Pass-Through Certificate, and there is delivered to Xxxxxxx Mac such security or indemnity as may be required by it to save it harmless, then, in the absence of notice to Xxxxxxx Mac that such Pass-Through Certificate has been acquired by a bona fide purchaser, Xxxxxxx Mac shall execute and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Pass- Through Certificate, a new Certificated Pass-Through Certificate of like tenor and representing a like principal amount. Upon the issuance of any new Certificated Pass-Through Certificate, Xxxxxxx Mac may make a charge for such issuance and will make a charge for any tax or other governmental charge imposed in connection therewith. Any duplicate Pass-Through Certificate so issued shall constitute complete and indefeasible evidence of ownership of that portion of the related Pass-Through Pool represented thereby, whether or not the lost, stolen or destroyed Pass-Through Certificate shall be found at any time. Each certificate shall be signed on behalf of Xxxxxxx Mac, which signature may be in facsimile.

Appears in 3 contracts

Samples: Through Certificates Agreement, Through Certificates Agreement, Certificates Agreement

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Mutilated, Destroyed, Lost or Stolen Securities. If (i) any mutilated Certificated CertiÑcated Pass-Through Certificate CertiÑcate is surrendered to Xxxxxxx Mac or (ii) Xxxxxxx Mac receives evidence to its satisfaction of the destruction, loss or theft of any Certificated CertiÑcated Pass-Through CertificateCertiÑcate, and there is delivered to Xxxxxxx Mac such security or indemnity as may be required by it to save it harmless, then, in the absence of notice to Xxxxxxx Mac that such Pass-Through Certificate CertiÑcate has been acquired by a bona fide Ñde purchaser, Xxxxxxx Mac shall execute and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Pass- Through CertificateCertiÑcate, a new Certificated CertiÑcated Pass-Through Certificate CertiÑcate of like tenor and representing a like principal amount. Upon the issuance of any new Certificated CertiÑcated Pass-Through CertificateCertiÑcate, Xxxxxxx Mac may make a charge for such issuance and will make a charge for any tax or other governmental charge imposed in connection therewith. Any duplicate Pass-Through Certificate CertiÑcate so issued shall constitute complete and indefeasible evidence of ownership of that portion of the related Pass-Through Pool represented thereby, whether or not the lost, stolen or destroyed Pass-Through Certificate CertiÑcate shall be found at any time. Each certificate certiÑcate shall be signed on behalf of Xxxxxxx Mac, which signature may be in facsimile.

Appears in 3 contracts

Samples: Certificates Agreement, Through Certificates Agreement, Through Certificates Agreement

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