Common use of Participation Certificate Clause in Contracts

Participation Certificate. With respect to any Collateral that constitutes a Participation Certificate, Buyer shall have received the original Participation Certificate registered into the name of the Buyer or its designee or pledgee.

Appears in 4 contracts

Samples: And Pledge Agreement, Subordination, Acknowledgment and Pledge Agreement (PennyMac Mortgage Investment Trust), Subordination, Acknowledgment and Pledge Agreement (PennyMac Mortgage Investment Trust)

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Participation Certificate. With respect to any Collateral that constitutes a Participation Certificate, Buyer shall have received the original Participation Certificate registered into the name of the Buyer or its designee or pledgeeBuyer.

Appears in 3 contracts

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (Pennymac Financial Services, Inc.)

Participation Certificate. With respect to any Collateral Asset that constitutes a Participation Certificate, the Buyer shall have received the original Participation Certificate registered into the name of the Buyer or its Indenture Trustee as designee or pledgeeof the Buyer.

Appears in 2 contracts

Samples: Master Repurchase Agreement (PennyMac Financial Services, Inc.), Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

Participation Certificate. With respect to any Collateral Asset that constitutes a Participation Certificate, Buyer shall have received the original Participation Certificate registered into the name of the Buyer or its Indenture Trustee as designee or pledgeeof the Buyer.

Appears in 2 contracts

Samples: Master Repurchase Agreement (PennyMac Financial Services, Inc.), Master Repurchase Agreement (Pennymac Financial Services, Inc.)

Participation Certificate. With respect to any Collateral that constitutes a Participation Certificate, Buyer shall have received the original Participation Certificate registered into the name of the Buyer or its designee or pledgeeBuyer.

Appears in 1 contract

Samples: Security and Subordination Agreement (PennyMac Mortgage Investment Trust)

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Participation Certificate. With respect to any Collateral Asset that constitutes a Participation Certificate, Buyer shall have received the original Participation Certificate registered into the name of the Buyer or its designee or pledgeeBuyer.

Appears in 1 contract

Samples: Master Repurchase Agreement (Pennymac Financial Services, Inc.)

Participation Certificate. With respect to any Collateral that constitutes a Participation Certificate, Buyer Lender shall have received the original Participation Certificate registered into the name of the Buyer or its designee or pledgeeLender.

Appears in 1 contract

Samples: Security and Subordination Agreement (PennyMac Mortgage Investment Trust)

Participation Certificate. With respect to any Collateral Asset that constitutes a Seller’s Participation Certificate, the applicable Buyer shall have received the original Participation Certificate registered into the name of the Buyer or its Indenture Trustee as designee or pledgeeof the applicable Buyer.

Appears in 1 contract

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

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