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

Interests Held or Acquired by Xxxxxxx Mac. Xxxxxxx 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 Xxxxxxx 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 Xxxxxxx Mac retains any interest in a Mortgage, the remaining interest in which is part of a PC Pool, 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 39 contracts

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

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Interests Held or Acquired by Xxxxxxx Mac. Xxxxxxx 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 Xxxxxxx 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 Xxxxxxx Mac retains any interest in a Mortgage, the remaining interest in which is part of a PC Pool, 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 2 contracts

Samples: Master Trust Agreement, Umbs and MBS Master Trust Agreement

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