Common use of GIFC Clause in Contracts

GIFC. A guaranteed investment and fee contract, executed by the Administrator and pursuant to which payments on the GNMA Certificates in a Trust Fund are invested with the Administrator from the date of receipt by such Trust Fund at a rate of return guaranteed by the Administrator, and investment proceeds are retained by the Administrator, to the extent provided in the GIFC, as a fee for its administration of such Trust Fund.

Appears in 11 contracts

Samples: Multiclass Certificates Master Trust Agreement, Master Trust Agreement, Master Trust Agreement

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