Examples of Security Holders in a sentence
The Schedule incorporates by reference both the terms and conditions contained herein and the Schedule of Pooled Mortgages; is executed by the Issuer and Xxxxxx Xxx for each pool of mortgages securitized by the Issuer and guaranteed by Xxxxxx Mae; and sets forth a list of the initial Security Holders.
All such payments must be made in a timely manner such that, with respect to the payment for any given month, the Security Holders of certificated Securities will receive payment by the 15th day of each month, with final payment to be only on receipt of each certificated Security by the Issuer.
The Issuer shall remit to the Security Holders of certificated Securities and deposit to the Central P&I Custodial Account funds sufficient to pay the Depository, as Security Holder of all book-entry Securities, all payments required to be made under the terms and conditions of all Securities issued and outstanding under this Agreement and all payments required under this Agreement and the Guide.
The institution that Xxxxxx Mae employs to act on its behalf to debit Issuer’s Central P&I Custodial Account, to pay Xxxxxx Xxx XX Security Holders, to collect Xxxxxx Mae guaranty fees, and to perform other duties with respect to Xxxxxx Xxx MBS.
With respect to a monthly payment date for the Securities, any amount on deposit for a particular pool in a Principal and Interest Custodial Account that is in excess of the sum of the scheduled interest and recoveries of principal due in that month and unscheduled recoveries of principal, as defined in section 6.04(a), required to be passed through to Security Holders in that month.