Common use of Interests Held or Acquired by Freddie Mac Clause in Contracts

Interests Held or Acquired by Freddie Mac. Freddie Mac shall have the right to purchase and hold for its own account any PCs. Subject to Section 7.06, PCs held or acquired by Freddie Mac from time to time and PCs held by other Holders shall have equal and proportionate benefits, without preference, priority or distinction. In the event that Freddie Mac retains any interest in a Mortgage, the remaining interest in which is part of a PC Pool, Freddie Mac’s interest in such Mortgage shall rank equally with that of the related PC Pool, without preference, priority or distinction. No Holder shall have any priority over any other Holder.

Appears in 21 contracts

Samples: Master Trust Agreement (Federal Home Loan Mortgage Corp), Pc Master Trust Agreement, Multifamily Pc Master Trust Agreement

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Interests Held or Acquired by Freddie Mac. Freddie Mac shall have the right to purchase and hold for its own account any PCsSecurities. Subject to Section 7.06, PCs Securities held or acquired by Freddie Mac from time to time and PCs Securities held by other Holders shall have equal and proportionate benefits, without preference, priority or distinction. In the event that Freddie Mac retains any interest in a Mortgage, the remaining interest in which is part of a PC Pool, Freddie Mac’s interest in such Mortgage shall rank equally with that of the related PC Pool, without preference, priority or distinction. No Holder shall have any priority over any other Holder.

Appears in 3 contracts

Samples: Umbs and MBS Master Trust Agreement (Federal Home Loan Mortgage Corp), Umbs and MBS Master Trust Agreement, Master Trust Agreement

Interests Held or Acquired by Freddie Mac. Freddie Mac shall have the right to purchase and hold for its own account any PCs. Subject to Section 7.06, PCs held or acquired by Freddie Mac from time to time and PCs held by other Holders shall have equal and proportionate benefits, without preference, priority or distinction. In the event that Freddie Mac retains any interest in a Mortgage, the remaining interest in which is part of a PC Pool, Freddie Mac’s 's interest in such Mortgage shall will rank equally with that of Holders of the related PC PoolPCs, without preference, priority or distinction. No Holder shall will have any priority over any other Holder.

Appears in 2 contracts

Samples: Mortgage Participation Certificates Agreement, Mortgage Participation Certificates Agreement

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Interests Held or Acquired by Freddie Mac. Freddie Mac shall have the right to purchase and hold for its own account any PCs. Subject to Section 7.06, PCs held or acquired by Freddie Mac from time to time and PCs held by other Holders shall have equal and proportionate benefits, without preference, priority or distinction. In the event that Freddie Mac retains any interest in a Mortgage, the remaining interest in which is part of a PC Pool, Freddie Xxxxxxx Mac’s interest in such Mortgage shall rank equally with that of the related PC Pool, without preference, priority or distinction. No Holder shall have any priority over any other Holder.

Appears in 1 contract

Samples: Multifamily Pc Master Trust Agreement

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