Common use of Mutilated, Destroyed, Lost or Stolen Securities Clause in Contracts

Mutilated, Destroyed, Lost or Stolen Securities. If (i) any mutilated CertiÑcated Pass-Through CertiÑcate is surrendered to Xxxxxxx Mac or (ii) Xxxxxxx Mac receives evidence to its satisfaction of the destruction, loss or theft of any CertiÑcated Pass-Through CertiÑcate, and there is delivered to Xxxxxxx Mac such security or indemnity as may be required by it to save it harmless, then, in the absence of notice to Xxxxxxx Mac that such Pass-Through CertiÑcate has been acquired by a bona Ñde purchaser, Xxxxxxx Mac shall execute and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Pass- Through CertiÑcate, a new CertiÑcated Pass-Through CertiÑcate of like tenor and representing a like principal amount. Upon the issuance of any new CertiÑcated Pass-Through CertiÑcate, Xxxxxxx Mac may make a charge for such issuance and will make a charge for any tax or other governmental charge imposed in connection therewith. Any duplicate Pass-Through CertiÑcate so issued shall constitute complete and indefeasible evidence of ownership of that portion of the related Pass-Through Pool represented thereby, whether or not the lost, stolen or destroyed Pass-Through CertiÑcate shall be found at any time. Each certiÑcate shall be signed on behalf of Xxxxxxx Mac, which signature may be in facsimile.

Appears in 3 contracts

Samples: Through Certificates Agreement, Through Certificates Agreement, Certificates Agreement

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Mutilated, Destroyed, Lost or Stolen Securities. If (i) any mutilated CertiÑcated Certificated Pass-Through CertiÑcate Certificate is surrendered to Xxxxxxx Mac or (ii) Xxxxxxx Mac receives evidence to its satisfaction of the destruction, loss or theft of any CertiÑcated Certificated Pass-Through CertiÑcateCertificate, and there is delivered to Xxxxxxx Mac such security or indemnity as may be required by it to save it harmless, then, in the absence of notice to Xxxxxxx Mac that such Pass-Through CertiÑcate Certificate has been acquired by a bona Ñde fide purchaser, Xxxxxxx Mac shall execute and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Pass- Through CertiÑcateCertificate, a new CertiÑcated Certificated Pass-Through CertiÑcate Certificate of like tenor and representing a like principal amount. Upon the issuance of any new CertiÑcated Certificated Pass-Through CertiÑcateCertificate, Xxxxxxx Mac may make a charge for such issuance and will make a charge for any tax or other governmental charge imposed in connection therewith. Any duplicate Pass-Through CertiÑcate Certificate so issued shall constitute complete and indefeasible evidence of ownership of that portion of the related Pass-Through Pool represented thereby, whether or not the lost, stolen or destroyed Pass-Through CertiÑcate Certificate shall be found at any time. Each certiÑcate certificate shall be signed on behalf of Xxxxxxx Mac, which signature may be in facsimile.

Appears in 3 contracts

Samples: Through Certificates Agreement, Through Certificates Agreement, Certificates Agreement

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