Common use of Participation Interest Clause in Contracts

Participation Interest. An undivided beneficial interest, represented by a certificate or other written document or book entry, in one or more mortgage loans, each secured by a lien on one or more one- to four-unit residential dwellings, cooperative shares in a residential dwelling or one or more units of manufactured housing.

Appears in 7 contracts

Samples: Second Amended and Restated 2016 Single Family Master Trust Agreement, Second Amended and Restated 2007 Single Family Master Trust Agreement, Single Family Master Trust Agreement

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Participation Interest. An undivided beneficial interest, represented by a certificate or other written document or book entry, in one or more mortgage loans, each secured by a lien on one or more one- to four-unit residential dwellings, cooperative shares in a residential dwelling or one or more units of manufactured housingMultifamily Properties.

Appears in 6 contracts

Samples: Master Trust Agreement, Multifamily Master Trust Agreement, Amended and Restated 2021 Multifamily Master Trust Agreement

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