Common use of Xxxxxx Mae as Certificateholder Clause in Contracts

Xxxxxx Mae as Certificateholder. Xxxxxx Xxx shall have the right to purchase and hold for its own account any Certificate, notwithstanding the rights and duties conferred and imposed upon Xxxxxx Mae by this Trust Agreement. In determining whether the Holders of the requisite amount of Certificates have given any request, demand, authorization, direction, notice, consent or waiver hereunder, any Certificate held by Xxxxxx Xxx in its corporate capacity shall be disregarded and deemed not to be outstanding (unless all Certificates shall be so held by Xxxxxx Mae).

Appears in 19 contracts

Samples: Trust Agreement, Trust Agreement, Trust Agreement

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