Common use of Form and Transfers Clause in Contracts

Form and Transfers. The Administrator, on behalf of the Trustee, shall maintain at its expense an office or agency where Certificates in certificated form may be surrendered for registration of transfer or exchange, the initial such office or agency being that of the Registrar, unless otherwise provided in the related Terms Supplement. Upon surrender for registration of transfer of any Certificate in certificated form at any office or agency of the Administrator maintained for such purpose, the Administrator shall execute and deliver, in the name of the designated transferee or transferees, one or more new Certificates evidencing a like principal or notional principal amount (or, if applicable, a like percentage of the Residual Interest). At the option of a Holder of a certificated Certificate, such Holder’s Certificate may be exchanged for other Certificates of the same Class of authorized denominations, upon surrender at such office or agency of the Certificate to be exchanged. Whenever any Certificate is so surrendered for exchange, the Administrator shall execute and deliver the Certificate which the Holder making the exchange is entitled to receive. Every Certificate so presented or surrendered for registration of transfer or exchange shall be duly endorsed by, or be accompanied by a written instrument of transfer in form satisfactory to the Administrator duly executed by, the Holder thereof or its attorney-in-fact duly authorized in writing. Notwithstanding any other provision of this Agreement, Residual Classes shall be sold and maintained only in certificated form, and the Administrator may impose, in the related Terms Supplement, on the face or reverse of any Certificate or elsewhere, such limitations on and conditions to the transfer or exchange of Residual Classes as it deems appropriate in order to conform to applicable law or for any other reason.

Appears in 9 contracts

Samples: Master Trust Agreement, Master Trust Agreement, Master Trust Agreement

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Form and Transfers. The Administrator, on behalf of the Trustee, shall maintain at its expense an office or agency where Certificates in certificated form may be surrendered for registration of transfer or exchange, the initial such office or agency being that of the Registrar, unless otherwise provided in the related Terms Supplement. Upon surrender for registration of transfer of any Certificate in certificated form at any office or agency of the Administrator maintained for such purpose, the Administrator shall execute and deliver, in the name of the designated transferee or transferees, one or more new Certificates evidencing a like principal or notional principal amount (or, if applicable, a like percentage of the Residual Interest). At the option of a Holder of a certificated Certificate, such HolderXxxxxx’s Certificate may be exchanged for other Certificates of the same Class of authorized denominations, upon surrender at such office or agency of the Certificate to be exchanged. Whenever any Certificate is so surrendered for exchange, the Administrator shall execute and deliver the Certificate which the Holder making the exchange is entitled to receive. Every Certificate so presented or surrendered for registration of transfer or exchange shall be duly endorsed by, or be accompanied by a written instrument of transfer in form satisfactory to the Administrator duly executed by, the Holder thereof or its attorney-in-fact duly authorized in writing. Notwithstanding any other provision of this Agreement, Residual Classes shall be sold and maintained only in certificated form, and the Administrator may impose, in the related Terms Supplement, on the face or reverse of any Certificate or elsewhere, such limitations on and conditions to the transfer or exchange of Residual Classes as it deems appropriate in order to conform to applicable law or for any other reason.

Appears in 7 contracts

Samples: Master Trust Agreement, Master Trust Agreement, Master Trust Agreement

Form and Transfers. The Administrator, on behalf of the Trustee, Xxxxxxx Mac shall maintain at its expense an office oÇce or agency where Certificates CertiÑcates in certificated certiÑcated form may be surrendered for registration of transfer or exchange, the initial such office oÇce or agency being that of the Registrar, unless otherwise provided in the related Terms Supplement. Upon surrender for registration of transfer of any Certificate CertiÑcate in certificated certiÑcated form at any office oÇce or agency of the Administrator Xxxxxxx Mac maintained for such purpose, the Administrator Xxxxxxx Mac shall execute and deliver, in the name of the designated transferee or transferees, one or more new Certificates CertiÑcates evidencing a like principal or notional principal amount (or, if applicable, a like percentage of the Residual Interest). At the option of a Holder of a certificated CertificatecertiÑcated CertiÑcate, such Holder’s Certificate 's CertiÑcate may be exchanged for other Certificates CertiÑcates of the same Class of authorized denominations, upon surrender at such office oÇce or agency of the Certificate CertiÑcate to be exchanged. Whenever any Certificate CertiÑcate is so surrendered for exchange, the Administrator Xxxxxxx Mac shall execute and deliver the Certificate CertiÑcate which the Holder making the exchange is entitled to receive. Every Certificate CertiÑcate so presented or surrendered for registration of transfer or exchange shall be duly endorsed by, or be accompanied by a written instrument of transfer in form satisfactory to the Administrator Xxxxxxx Mac duly executed by, the Holder thereof or its attorney-in-fact duly authorized in writing. Notwithstanding any other provision of this Agreement, Residual Classes shall be sold and maintained only in certificated certiÑcated form, and the Administrator Xxxxxxx Mac may impose, in the related Terms Supplement, on the face or reverse of any Certificate CertiÑcate or elsewhere, such limitations on and conditions to the transfer or exchange of Residual Classes as it deems appropriate in order to conform to applicable law or for any other reason.

Appears in 2 contracts

Samples: Multiclass Certificates Agreement, Multiclass Certificates Agreement

Form and Transfers. The Administrator, on behalf of the Trustee, Xxxxxxx Mac shall maintain at its expense an office oAce or agency where Certificates in certificated form may be surrendered for registration of transfer or exchange, the initial such office oAce or agency being that of the Registrar, unless otherwise provided in the related Terms Supplement. Upon surrender for registration of transfer of any Certificate in certificated form at any office oAce or agency of the Administrator Xxxxxxx Mac maintained for such purpose, the Administrator Xxxxxxx Mac shall execute and deliver, in the name of the designated transferee or transferees, one or more new Certificates evidencing a like principal or notional principal amount (or, if applicable, a like percentage of the Residual Interest). At the option of a Holder of a certificated Certificate, such Holder’s 's Certificate may be exchanged for other Certificates of the same Class of authorized denominations, upon surrender at such office oAce or agency of the Certificate to be exchanged. Whenever any Certificate is so surrendered for exchange, the Administrator Xxxxxxx Mac shall execute and deliver the Certificate which the Holder making the exchange is entitled to receive. Every Kvery Certificate so presented or surrendered for registration of transfer or exchange shall be duly endorsed by, or be accompanied by a written instrument of transfer in form satisfactory to the Administrator Xxxxxxx Mac duly executed by, the Holder thereof or its attorney-in-fact duly authorized in writing. Notwithstanding any other provision of this Agreement, Residual Classes shall be sold and maintained only in certificated form, and the Administrator Xxxxxxx Mac may impose, in the related Terms Supplement, on the face or reverse of any Certificate or elsewhere, such limitations on and conditions to the transfer or exchange of Residual Classes as it deems appropriate in order to conform to applicable law or for any other reason.

Appears in 2 contracts

Samples: Multiclass Certificates Agreement, Multiclass Certificates Agreement

Form and Transfers. The Administrator, on behalf of the Trustee, Xxxxxxx Mac shall maintain at its expense an office oÇce or agency where Certificates in certificated form may be surrendered for registration of transfer or exchange, the initial such office oÇce or agency being that of the Registrar, unless otherwise provided in the related Terms Supplement. Upon surrender for registration of transfer of any Certificate in certificated form at any office oÇce or agency of the Administrator Xxxxxxx Mac maintained for such purpose, the Administrator Xxxxxxx Mac shall execute and deliver, in the name of the designated transferee or transferees, one or more new Certificates evidencing a like principal or notional principal amount (or, if applicable, a like percentage of the Residual Interest). At the option of a Holder of a certificated Certificate, such Holder’s 's Certificate may be exchanged for other Certificates of the same Class of authorized denominations, upon surrender at such office oÇce or agency of the Certificate to be exchanged. Whenever any Certificate is so surrendered for exchange, the Administrator Xxxxxxx Mac shall execute and deliver the Certificate which the Holder making the exchange is entitled to receive. Every Certificate so presented or surrendered for registration of transfer or exchange shall be duly endorsed by, or be accompanied by a written instrument of transfer in form satisfactory to the Administrator Xxxxxxx Mac duly executed by, the Holder thereof or its attorney-in-fact duly authorized in writing. Notwithstanding any other provision of this Agreement, Residual Classes shall be sold and maintained only in certificated form, and the Administrator Xxxxxxx Mac may impose, in the related Terms Supplement, on the face or reverse of any Certificate or elsewhere, such limitations on and conditions to the transfer or exchange of Residual Classes as it deems appropriate in order to conform to applicable law or for any other reason.

Appears in 1 contract

Samples: Multiclass Certificates Agreement

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Form and Transfers. The Administrator, on behalf of the Trustee, Administrator shall maintain at its expense an office or agency where Certificates in certificated form may be surrendered for registration of transfer or exchange, the initial such office or agency being that of the Registrar, unless otherwise provided in the related Terms Supplement. Upon surrender for registration of transfer of any Certificate in certificated form at any office or agency of the Administrator maintained for such purpose, the Administrator shall execute and deliver, in the name of the designated transferee or transferees, one or more new Certificates evidencing a like principal or notional principal amount (or, if applicable, a like percentage of the Residual Interest). At the option of a Holder of a certificated Certificate, such Holder’s Certificate may be exchanged for other Certificates of the same Class of authorized denominations, upon surrender at such office or agency of the Certificate to be exchanged. Whenever any Certificate is so surrendered for exchange, the Administrator shall execute and deliver the Certificate which the Holder making the exchange is entitled to receive. Every Certificate so presented or surrendered for registration of transfer or exchange shall be duly endorsed by, or be accompanied by a written instrument of transfer in form satisfactory to the Administrator duly executed by, the Holder thereof or its attorney-in-fact duly authorized in writing. Notwithstanding any other provision of this Agreement, Residual Classes shall be sold and maintained only in certificated form, and the Administrator may impose, in the related Terms Supplement, on the face or reverse of any Certificate or elsewhere, such limitations on and conditions to the transfer or exchange of Residual Classes as it deems appropriate in order to conform to applicable law or for any other reason.

Appears in 1 contract

Samples: www.freddiemac.com

Form and Transfers. The Administrator, on behalf of the Trustee, Administrator shall maintain at its expense an office or agency where Certificates in certificated form may be surrendered for registration of transfer or exchange, the initial such office or agency being that of the Registrar, unless otherwise provided in the related Terms Supplement. Upon surrender for registration of transfer of any Certificate in certificated form at any office or agency of the Administrator maintained for such purpose, the Administrator shall execute and deliver, in the name of the designated transferee or transferees, one or more new Certificates evidencing a like principal or notional principal amount (or, if applicable, a like percentage of the Residual Interest). At the option of a Holder of a certificated Certificate, such HolderXxxxxx’s Certificate may be exchanged for other Certificates of the same Class of authorized denominations, upon surrender at such office or agency of the Certificate to be exchanged. Whenever any Certificate is so surrendered for exchange, the Administrator shall execute and deliver the Certificate which the Holder making the exchange is entitled to receive. Every Certificate so presented or surrendered for registration of transfer or exchange shall be duly endorsed by, or be accompanied by a written instrument of transfer in form satisfactory to the Administrator duly executed by, the Holder thereof or its attorney-in-fact duly authorized in writing. Notwithstanding any other provision of this Agreement, Residual Classes shall be sold and maintained only in certificated form, and the Administrator may impose, in the related Terms Supplement, on the face or reverse of any Certificate or elsewhere, such limitations on and conditions to the transfer or exchange of Residual Classes as it deems appropriate in order to conform to applicable law or for any other reason.

Appears in 1 contract

Samples: capitalmarkets.freddiemac.com

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