GNMA Securities definition

GNMA Securities. Shall have the meaning ascribed thereto in the definition of “Agency Security” herein.
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GNMA Securities means modified pass-through type mortgage backed certificates guaranteed by GNMA pursuant to Section 306(g) of the National Housing Act, as amended.
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GNMA Securities has the meaning specified in clause (e) of the definition of “Cash Equivalents.”
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Examples of GNMA Securities in a sentence

  • For purposes of determining the value of Cash Equivalents as of any date, the value of GNMA Securities that are included as Cash Equivalents on such date shall be 95% of the marked-to-market value of such GNMA Securities determined in accordance with GAAP as of the last day of the then most recently ended fiscal quarter of the REIT.

  • The guaranteed investment proceeds, to the extent not applied to interest and principal payments on the related Multiclass GNMA Securities and any related MACR Certificates, shall be retained by the Administrator in its corporate capacity as an administration fee pursuant to the GIFC.

  • For any Payment Date for Multiclass GNMA Securities, the aggregate of the remaining principal balances to which the underlying Assets would be reduced in the month in which that Payment Date occurs, based on, in the case of GNMA Certificates, the related “factor” information selected by the Administrator or, to the extent such factors have not been reported for a GNMA Certificate, assumed Mortgage amortization schedules that the Administrator (or its agent) will create.

  • In connection with the issuance of the Certificates, Xxxxxx Xxx has determined that distributions on the GNMA Securities will be sufficient to reduce the Class Certificate Principal Balance of each Class to zero on or before its Final Distribution Date without the necessity of any call on Xxxxxx Mae under its guaranty pursuant to Section 3.04.

  • REMIC Certificates: Multiclass GSE Securities and Multiclass GNMA Securities.

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  • Amounts credited to the Custodial Account will be distributed to Holders on the applicable Payment Date to the extent of interest and principal payments due on the related Multiclass GNMA Securities and any related MACR Certificates on that Payment Date.

  • Subject to all of the terms and conditions set forth in this Agreement, the Lenders party to this Agreement hereby waive any Default or Event of Default that now exists or at any time existed as a direct or indirect result of the acquisition of GNMA Securities by one or more Loan Parties prior to the date that this Agreement becomes effective.

  • Xxxxxxx credited to the Custodial Account will be distributed to Holders on the applicable Payment Date to the extent of interest and principal payments due on the related Multiclass GNMA Securities and any related MACR Certificates on that Payment Date.

  • All obligations of the Authorities incurred hereunder shall be special limited obligations of the Authorities, payable solely from the revenues and other amounts derived from the sale of GNMA Securities under the 2012 Program.


More Definitions of GNMA Securities

GNMA Securities means a fully modified pass through security in the form of a Construction Loan Certificate (“CLC”) or a Project Loan Certificate (“PLC”) issued by an approved FHA lender and guaranteed by GNMA as to timely payment of principal of and interest on a PLC and as to timely payment of interest only until maturity and timely payment of principal at maturity on a CLC, pursuant to Section 306(g) of the National Housing Act of 1934, as amended, and the regulations promulgated thereunder.
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GNMA Securities means the fully-modified, mortgage-backed securities in the form of a CLC or a PLC, issued by the First Priority Lender and registered in the name of the Bond Trustee or its designee, guaranteed by GNMA as to timely payment of principal and interest on a PLC and as to timely payment of interest only until maturity on a CLC, pursuant to Section 306(g) of Title III of the National Housing Act and the regulations promulgated thereunder, backed by the First Priority Loan insured by the Secretary by and through FHA.
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GNMA Securities. As defined in the Collateral Agreement.
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GNMA Securities means securities issued or guaranteed by GNMA, --------------- including, without limitation, modified pass-through mortgage-backed certificates guaranteed by GNMA pursuant to Section 306(g) of the National Housing Act, as amended.
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GNMA Securities means securities issued by the Government National Mortgage Association.
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GNMA Securities fully modified pass-through mortgage-backed securities guaranteed as to timely payment of principal and interest by GNMA.
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Related to GNMA Securities

  • BofA Securities means BofA Securities, Inc.

  • Series A Securities means the Company's Series A 9 3/8% Junior Subordinated Deferrable Interest Debentures due May 1, 2028 as authenticated and issued under this Indenture.

  • NIM Securities As defined in the tenth Recital to this Agreement.

  • Equity-linked Securities means any debt or equity securities that are convertible, exercisable or exchangeable for Class A Shares issued in a financing transaction in connection with a Business Combination, including but not limited to a private placement of equity or debt.

  • Rule 144A Securities means Securities of a series designated pursuant to Section 2.01 as entitled to the benefits of Section 4.03(b).

  • ETP Securities means the Series of ETP Securities to which these Conditions relates or, as the context may require, any or all securities issued by the Issuer under the Programme.

  • Asset-Backed Securities means securities which:

  • Lock-Up Securities has the meaning set out in Section 5(l).

  • Offeror’s Securities means Voting Shares Beneficially Owned by an Offeror on the date of the Offer to Acquire;

  • U.S. Securities means Securities issued by an issuer that is organized under the laws of the United States or any State thereof or that are otherwise traded in the United States, and shall include American Depositary Receipts.

  • Series B Securities means the 11-1/2% Senior Notes due 2007, Series B, of the Company to be issued pursuant to this Indenture in exchange for the Series A Securities pursuant to the Registered Exchange Offer and the Registration Rights Agreement.

  • Purchaser Securities means the Purchaser Units, the Purchaser Common Stock, the Purchaser Preferred Stock and the Purchaser Warrants, collectively.

  • SPA Securities means the Notes issued pursuant to the Securities Purchase Agreement.

  • Related Securities means any options or warrants or other rights to acquire Shares or any securities exchangeable or exercisable for or convertible into Shares, or to acquire other securities or rights ultimately exchangeable or exercisable for or convertible into Shares.

  • Designated Securities means securities issued by an Insured, or by any Affiliated Entity, or by any Fund to which such Insured or any Affiliated Entity provides any services.

  • Approved Securities means securities of any State Government or of the Central Government and such bonds, both the principal whereof and the interest whereon shall have been fully and unconditionally guaranteed by any such Government;

  • Equity Preferred Securities means, with respect to any Person, any trust preferred securities or deferrable interest subordinated debt securities issued by such Person or other financing vehicle of such Person that (i) have an original maturity of at least twenty years, and (ii) require no repayments or prepayments and no mandatory redemptions or repurchases, in each case, prior to the first anniversary of the latest Maturity Date.

  • Agency Securities means negotiable debt obligations which are fully guaranteed as to both principal and interest by the Federal National Mortgage Association, the Government National Mortgage Association or the Federal Home Loan Mortgage Corporation, but excluding (i) interest only and principal only securities and (ii) Collateralized Mortgage Obligations, Real Estate Mortgage Investment Conduits and similar derivative securities.

  • CHESS Approved Securities means securities of the Company for which CHESS approval has been given in accordance with the ASX Settlement Operating Rules;

  • Permitted Securities means any of the following:

  • Exempted Securities means:

  • Non Book-Entry Capital Securities shall have the meaning set forth in Section 2.05.

  • Private Securities Transaction means any securities transaction relating to new offerings of securities which are not registered with the Securities and Exchange Commission, provided however that transactions subject to the notification requirements of Rule 3050 of the Financial Industry Regulatory Authority’s (FINRA) Conduct Rules, transactions among immediate family members (as defined in the interpretation of the FINRA Board of Governors on free-riding and withholding) for which no associated person receives any selling compensation, and personal securities transactions in investment company and variable annuity securities shall be excluded.

  • Portfolio Securities or "investments" of the Series shall mean, respectively, such assets, net assets, securities, portfolio securities or investments which are from time to time under the management of the Subadviser pursuant to this Agreement.

  • Exempt Securities has the meaning set forth in Section 4.4(d).

  • Trust Preferred Securities any preferred securities issued by a Trust Preferred Securities Subsidiary, where such preferred securities have the following characteristics: