Giant Security definition

Giant Security. A Pass-Through Security designated by Freddie Mac as a Giant Security, representing an undivided beneficial ownership interest in a Pass-Through Pool, in respect of which a single Class has been created, and which is entitled to receive either (a) all of the principal and interest payments made on the Assets or (b) all of the principal and interest payments made on the Assets except any amounts retained by Freddie Mac.

Examples of Giant Security in a sentence

  • The ""Callable Assets'' will be:‚ If the related pass-through pool contains a Giant PC, that Giant PC.‚ If the related pass-through pool contains a Giant Security, the GNMA CertiÑcates (and any Giant Securities) underlying that Giant Security.You must pay a Call Fee and a Call Payment to exercise the Call Right.

  • Giant Security LtdLimited10001722SFTrading name(s): Giant Security Ltd 2.

  • The Pass-Through Pool for the A2 and B2 Classes includes a single Giant Security.

  • The ""Callable Assets'' will be:‚ If the related Pass-Through Pool contains a Giant PC, that Giant PC.‚ If the related Pass-Through Pool contains a Giant Security, the GNMA Certifi- cates (and any Giant Securities) underlying that Giant Security.You must pay a Call Fee and a Call Payment to exercise the Call Right.

  • To exchange your Call Class for the related Callable Assets.The ""Callable Assets'' will be:‚ If the related pass-through pool contains a Giant PC, that Giant PC.‚ If the related pass-through pool contains a Giant Security, the GNMA CertiÑcates (and any Giant Securities) underlying that Giant Security.You must pay a Call Fee and a Call Payment to exercise the Call Right.

  • The “Callable Assets” will be:• If the related Pass-Through Pool contains a Giant PC, that Giant PC.• If the related Pass-Through Pool contains a Giant Security, the GNMA Certificates (and any Giant Securities) underlying that Giant Security.You must pay a Call Fee and a Call Payment to exercise the Call Right.

  • The Pass-Through Pool for the A3 and B3 Classes includes a single Giant Security.

  • The ""Callable Assets'' will be:‚ If the related Pass-Through Pool contains a Giant PC, that Giant PC.‚ If the related Pass-Through Pool contains a Giant Security, the GNMA CertiÑ- cates (and any Giant Securities) underlying that Giant Security.You must pay a Call Fee and a Call Payment to exercise the Call Right.

Related to Giant Security

  • Relevant Security means any share of Common Stock, any warrant to purchase shares of Common Stock or any other security of the Company or any other entity that is convertible into, or exercisable or exchangeable for, shares of Common Stock or any other equity security of the Company, in each case owned beneficially or otherwise by the undersigned on the date of closing of the Public Offering or acquired by the undersigned during the Lock-Up Period. The restrictions in the foregoing paragraph shall not apply to any exercise (including a cashless exercise or broker-assisted exercise and payment of tax obligations) of options or warrants to purchase shares of Common Stock; provided that any shares of Common Stock received upon such exercise, conversion or exchange will be subject to this Lock-Up Period. The Lock-Up Period will commence on the date of this Lock-up Agreement and continue and include the date that is one-hundred and eighty (180) days after the closing of the Public Offering. In addition, the undersigned further agrees that, except for the registration statement filed or to be filed in connection with the Public Offering, during the Lock-Up Period the undersigned will not, without the prior written consent of the Representative: (a) file or participate in the filing with the SEC of any registration statement or circulate or participate in the circulation of any preliminary or final prospectus or other disclosure document, in each case with respect to any proposed offering or sale of a Relevant Security, or (b) exercise any rights the undersigned may have to require registration with the SEC of any proposed offering or sale of a Relevant Security. In furtherance of the undersigned’s obligations hereunder, the undersigned hereby authorizes the Company during the Lock-Up Period to cause any transfer agent for the Relevant Securities to decline to transfer, and to note stop transfer restrictions on the stock register and other records relating to, Relevant Securities for which the undersigned is the record owner and the transfer of which would be a violation of this Lock-Up Agreement and, in the case of Relevant Securities for which the undersigned is the beneficial but not the record owner, agrees that during the Lock-Up Period it will cause the record owner to cause the relevant transfer agent to decline to transfer, and to note stop transfer restrictions on the stock register and other records relating to, such Relevant Securities to the extent such transfer would be a violation of this Lock-Up Agreement. Notwithstanding the foregoing, the undersigned may transfer the undersigned’s Relevant Securities:

  • Loaned Security means any “security” which is delivered as a Loan under a Securities Loan Agreement; provided that, if any new or different security shall be exchanged for any Loaned Security by recapitalization, merger, consolidation, or other corporate action, such new or different security shall, effective upon such exchange, be deemed to become a Loaned Security in substitution for the former Loaned Security for which such exchange was made.

  • relevant securities means Ordinary Shares and securities carrying conversion or subscription rights into Ordinary Shares;

  • Tender Security means the security required to be submitted by the Tenderer with its Tender Offer.

  • Quasi-Security means an arrangement or transaction described in paragraph (b) below.

  • Indexed Security means a Security the terms of which provide that the principal amount thereof payable at Stated Maturity may be more or less than the principal face amount thereof at original issuance.

  • Investment security means a marketable obligation in the form of a bond, note, or debenture, commonly regarded as an investment security and which is salable under ordinary circumstances with reasonable promptness at a fair value.

  • Warrant Securities means this Warrant and the Warrant Shares, collectively.

  • Bid Security (BS) means Earnest Money Deposit / monetary or financial guarantee to be furnished by a bidder along with its tender.

  • Component Security means with respect to an Index, each component security of that Index.

  • Equivalent Security means any Security issued by the same entity as the issuer of a subject Security, including options, rights, stock appreciation rights, warrants, preferred stock, restricted stock, phantom stock, bonds, and other obligations of that company or Security otherwise convertible into that Security. Options on Securities are included even if, technically, they are issued by the Options Clearing Corporation or a similar entity.

  • Permitted Security means any Security:

  • Compliant Securities means securities issued by UBS Group AG or any of its subsidiaries that have economic terms not materially less favourable to a Holder than these Terms and Conditions (as reasonably determined by the Issuer), provided that

  • New Security means the establishment of a position which is not currently held by a client portfolio on the day the position is established.

  • Cyber security means the condition in which road vehicles and their functions are protected from cyber threats to electrical or electronic components.

  • Development Security means (i) cash or (ii) a Letter of Credit in the amount set forth on the Cover Sheet.

  • Contract Security means any security given by the Contractor to the NCC in accordance with the Contract;

  • Company Security means any class or series of equity or voting interest in the Company (but excluding any options, rights, warrants and appreciation rights relating to an equity or voting interest in the Company), including Common Shares and the Voting Share.

  • Equity Security means any stock or similar security, including, without limitation, securities containing equity features and securities containing profit participation features, or any security convertible into or exchangeable for, with or without consideration, any stock or similar security, or any security carrying any warrant, right or option to subscribe to or purchase any shares of capital stock, or any such warrant or right.

  • Worthless security means a security whose cost of liquidation and delivery to the administrator would exceed the value of the security on the date a report is due under this chapter.

  • Security means a mortgage, charge, pledge, lien or other security interest securing any obligation of any person or any other agreement or arrangement having a similar effect.

  • Derivative Security means any right, option, warrant or other security convertible into or exercisable for Common Stock.

  • exchangeable security means a security of an issuer that is exchangeable for, or carries the right of the holder to acquire, or of the issuer to cause the acquisition of, a security of another issuer;

  • New Note shall have the meaning assigned to such term in Section 38.