Farmer Mac definition
Examples of Farmer Mac in a sentence
The interest rate in effect for this Note after Conversion (“Converted Rate”) will be an interest rate equal to the Farmer Mac required net yield for the selected loan product with a maturity similar to the Maturity Date of this Note subject to a four week mandatory delivery commitment, plus «239» (the “Modification Note Rate”), subject to any yield maintenance provision applicable to such product.
Farmer Mac may terminate your employment without "cause" at any time.
Immediately following each such calculation, Farmer Mac sha▇▇ ▇▇▇ify the Trustee in writing as to the amount so calculated and the allocation thereof as between principal and interest.
Farmer Mac her▇▇▇ ▇▇ives diligence, presentment, demand of payment, protest or notice with respect to each Certificate or the interest represented thereby, and all demands whatsoever, and covenants that this guarantee will not be discharged except upon complete irrevocable payment of the principal and interest obligations represented by the Certificates.
As soon as practicable thereafter, Farmer Mac sha▇▇ ▇▇▇e available generally to financial publications or electronic services the Certificate Principal Factor (carried to eight decimal places) for each Class of Certificates after giving effect to the distribution of the Principal Distribution Amount on the following Distribution Date.
U▇▇▇ ▇▇ceiving such notice of resignation, Farmer Mac sh▇▇▇ ▇romptly appoint a successor trustee by written instrument, in duplicate, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee.
In addition, on any Special Distribution Date for a Series Farmer Mac sha▇▇ ▇▇▇hdraw from the related Certificate Account such amount as it shall have determined to distribute to Certificateholders on such Special Distribution Date.
Any Servicing Contract and any other transactions or services relating to the Qualified Loans involving a Central Servicer shall be deemed to be between the Central Servicer and Farmer Mac alo▇▇ ▇▇▇ the Trustee and Certificateholders shall not be deemed parties thereto and shall have no claims, rights, obligations, duties or liabilities with respect to any Central Servicer.
Farmer Mac sha▇▇ ▇▇▇pare and maintain for each such Trust Fund a Qualified Loan Schedule conforming, except as set forth in such Issue Supplement, to the definition thereof in Article I hereof.
In the event that the Certificate Distribution Amount may not be paid from amounts in the Certificate Account, Farmer Mac sha▇▇, ▇▇rsuant to its guarantee obligations set forth in Section 5.05 hereof, provide from its own funds the amount of any insufficiency and shall distribute in Federal Funds to each Certificateholder of record on the preceding Record Date the amount distributable on such Certificateholder's Certificate(s) as determined pursuant to Section 3.01.