Examples of Group 4 MBS in a sentence
Xxxxxx Xxx, acting in its corporate capacity, does hereby irrevocably transfer, assign, set over and otherwise convey to Xxxxxx Mae, acting in its capacity as Trustee for Lower Tier REMIC I established hereby, all of Xxxxxx Mae’s right, title and interest in and to the Group 1 SMBS, Group 2 SMBS, Group 4 MBS, Group 5 MBS and Group 6 SMBS identified in Exhibit A hereto, including all payments of principal and interest thereon received after the month of the Issue Date.
If the Issuer fails to transfer the entire legal ownership in and to the Group 4 MBS to the Trust, the Issuer intends that the Trust Agreement nevertheless will operate to transfer the entire equitable ownership interest in and to the Group 4 MBS to the Trustee.
Once the Group 4 MBS have been identified as being part of this Trust, and at least one Certificate has been issued, the Group 4 MBS will remain in the Trust unless removed in a manner consistent with the Trust Agreement.
From time to time, the Guarantor may deposit Estimated Funding to the Certificate Account, determined on the basis of expected collections of principal and interest payments on the Group 4 MBS and anticipated payments to be made to Holders on the following Distribution Date or a subsequent Distribution Date, as applicable, which amount may be an estimated amount pending reconciliation of receipts and allocation of amounts owed to Holders.
EFSequential Pay ClassesHThe ""Group 4 Principal Distribution Amount'' is the principal then paid on the Group 4 MBS.
In the event any of the above mentioned holidays fall on Sunday, the following Monday shall be observed as a holiday for the purpose of this Article, except that Christmas Day shall always be observed as a holiday on December 25th.
By delivering any Certificate pursuant to this Trust Agreement, the Issuer unconditionally, absolutely and irrevocably sets aside, transfers, assigns, sets over and otherwise conveys to the Trustee, on behalf of the related Holders, all of the Issuer’s right, title and interest in and to the Group 4 MBS, including all payments of principal and interest thereon received after the month in which the Issue Date occurs.
Xxxxxx Xxx shall deposit in the Certificate Account all Security Distributions with respect to the Group 1 SMBS, Group 2 SMBS, Group 4 MBS, Group 5 MBS and Group 6 SMBS received by it as Trustee hereunder.
The rights and interest of either party under this agreement or in the Partnership shall not be assignable or otherwise transferrable by either party without the other party's consent, except as a structural reconfiguration to achieve the optimal tax vehicle and except that Vornado shall have the right to assign its interest hereunder and in the Partnership to an entity wholly owned directly or indirectly by Vornado (whereupon all references herein to "Vornado" shall be deemed to refer to such assignee).
The Group 4 MBS (or any mortgage-backed security that may be substituted for the Group 4 MBS pursuant to Section 2.06 of this Trust Agreement).